The Latest in Financial & Business News

The General Services Administration headquarters in Washington, D.C. Under the auspices of Elon Musk's DOGE, the GSA has notified landlords that federal agencies will be terminating hundreds of leases for offices and buildings in the coming months.

DOGE plans to terminate over 2 dozen office leases for federal agencies in New England, per report

The leases targeted by Elon Musk’s Department of Government Efficiency include several offices of the US Department of Labor, the US Fish and Wildlife Service, and the US Food and Drug Administration.

Hydro-Quebec still isn’t exporting electricity to New England. Does it matter?
The pause in exports comes as mounting tariffs complicate relations between Canada and the US, which Governor Maura Healey and Quebec premier Francois Legault discussed this week.

Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week
The S&P 500 jumped 2.1 percent. The Dow Jones Industrial Average climbed 674 points, or 1.7 percent, and the Nasdaq composite jumped 2.6 percent.

US consumer sentiment drops as inflation anxiety soars
Policy uncertainty and tariff whiplash are making consumers less confident about the economic outlook and more worried about inflation, new data from the University of Michigan showed.

Mark Carney is sworn in as Canada’s new prime minister as country deals with Trump’s trade war
Carney, a former Goldman Sachs executive, said protecting Canadian workers and their families in the face of unjustified trade actions and growing the economy will be his top priorities.

REI announces it will close its store in Cambridge
The store near the Lechmere MBTA station was the co-op’s first and only small-format location.

What happens to a ‘college town’ when the college closes? In Vermont, a wealthy liquor magnate has a vision.

Mayoral challenger Josh Kraft has proposed his own version of rent control.

Josh Kraft wants to bring rent control back to Boston. But not the same rent control as Michelle Wu proposed.

Dana-Farber Cancer Institute, shown here in 2021, has proposed building a $1.7 billion, 300-bed cancer center as it severs its longstanding partnership with Brigham and Women’s Hospital.

‘War over the cancer dollar’: Behind the scenes, Mass General Brigham fights Dana-Farber’s proposed hospital

data projects

Explore rent estimates and trends all over Eastern Mass.

Track grocery prices in Mass. and across the United States

The Walgreens on Warren Street, shown here in late February, became the fourth Walgreens to shutter in predominantly Black and Latino areas of Boston in two years.

Why nearly 15,000 Bostonians live in ‘pharmacy deserts’

BOLD TYPES

Steve Samuels, the principal of Samuels & Associates, a longtime Boston-based development firm.

Steve Samuels wants to stitch the city together

Globe reporter Janelle Nanos sits down with leaders in the city’s business community to talk career paths, accomplishments, and visions for Boston’s future.

Explore the full series

ON THE STREET

A view of Moody Street in Waltham at dusk on Dec. 18.

Waltham's Moody Street wrestles with its future

The changing face of Greater Boston neighborhoods.

Explore the full series

tech power players 50

Tech Power Players 50 list of 2024

Our third annual ranking highlights leaders who make New England’s technology scene vibrant and vital.

See who ranked No. 1Explore the full project

Have a consumer problem? The Globe’s Fine Print columnist wants to help.

Listen to Globe Opinion's podcast, ‘Say More with Shirley Leung’

Congress Street in Boston's Financial District on July 29, 2020.

Sign up for Trendlines, the business newsletter from Larry Edelman

FROM OUR PARTNERS

product by Studio/B. What is this?This content was produced by Boston Globe Media's Studio/B in collaboration with the advertiser. The news and editorial departments of the Boston Globe had no role in its production or display.

product by BG BRANDLAB. What is this?This content was produced by Boston Globe Media's Studio/B in collaboration with the advertiser. The news and editorial departments of the Boston Globe had no role in its production or display.

More business headlines

The negotiating committee of unionized registered nurses at Beth Israel Deaconess Hospital–Plymouth.

Beth Israel Deaconess Hospital–Plymouth nurses to vote on potential strike authorization

Nurses at the hospital are raising concerns about patient safety and outcomes as a result of new hospital staffing plans. 12:46 p.m.

Rockpoint Group plans to sell two interconnected office buildings at 75-101 Federal St. in downtown Boston. The buildings are located next to Winthrop Center (at right).

Another downtown Boston office tower is hitting the market

A growing roster of towers is going up for sale for the first time since the COVID-19 pandemic shook up demand for office space. 9:31 a.m.

Drugstore giant Walgreens is closing five locations across Massachusetts in the coming weeks.

Nine Walgreens in Massachusetts are set to close by the end of April. Here’s where they are.

The closures are part of the “turnaround plan” the financially beleaguered chain announced last year as an effort to shore up its retail pharmacy operations. 8:21 a.m.

Aidan Provost, a fourth-year PhD candidate at the University of Massachusetts Amherst, worries federal funding cuts and university hiring freezes will disrupt the pipeline of future scientists and researchers.

‘Reign of terror.’ Universities freeze hiring, rescind offers, start layoffs amid Trump cuts

More than a dozen schools, including Harvard, MIT, Brown, and the University of Pennsylvania, have frozen hiring. 7:54 a.m.

A parking spot in the Brimmer Street Garage is on sale for $750,000.

Parking spot on Beacon Hill listed for an eye-popping $750,000

The parking space is located in a high-end garage just off Storrow Drive that offers refueling, car washing, and other concierge services. 6:21 a.m.

RI FOOD CLUB

Restaurant owner Diego Alcantar prepares dishes rooted in his Mexican heritage at Cielito Mexican Kitchen in Providence, R.I.

What you should eat at Cielito, a Mexican restaurant serving flavors of the Michoacán region in Providence

A James Beard-nominated chef has opened Cielito in an area of downtown Providence already known for its culinary chops. 6:00 a.m.

A pharmacy in Shorewood, Wis., May 11, 2023.

Tell us: Have prescription drug prices or other health care costs squeezed your budget?

If the price of medications or other health care services are affecting your ability to afford other necessities, we want to hear from you. 5:51 a.m.

Dale Lathrop with rows of new Subarus for sale on his lot at Planet Subaru in Hanover. He and his partner are trying to figure out how to deal with on-again, off-again tariffs on Canada and Mexico.

‘The chaos is its own sort of tax.’ New England business owners hit the brakes as uncertainty mounts.

On-again, off-again tariffs and stop-and-start federal grants are quickly taking their toll on the regional economy. 5:50 a.m.

An American Airlines jetliner that caught fire after landing Thursday at Denver International Airport sits near a hangar at the airport on March 14 in Denver.

12 taken to hospitals after American Airlines plane catches fire at Denver airport gate

All of the people transported to hospitals had minor injuries, according to a post on the social platform X by Denver International Airport. 12:36 a.m.

Shown is a display of French, German, and Spanish wines at a Pennsylvania Fine Wine & Good Spirits in Flourtown, Pa., on March 13.

US wine shops and importers say Trump’s threatened 200 percent tariff on European wines would kill demand

The United States is suddenly looking less bubbly for European wines. 11:56 p.m.

President Donald Trump speaks during an event with Ireland's Prime Minister Micheál Martin in the East Room of the White House in Washington.

Trump threatens retaliatory 200 percent tariff on European wine after EU proposes American whiskey tax

The European import tax, which was unveiled in response to steel and aluminum tariffs by the US administration, is expected to go into effect April 1, just ahead of separate reciprocal tariffs that Trump plans to place on the EU. 8:18 p.m.

TALKING POINTS

Brendan Collins lifted a barbell during a CrossFit class at New Species CrossFit in Royal Oak, Mich., in 2024.

CrossFit looks for new owners amid years of shake-ups

Stories you may have missed from the world of business. 7:09 p.m.

President Trump threatened a 200 percent tariff on European wine, Champagne, and spirits if the European Union goes forward with a planned tariff on American whiskey.

Trump threatens 200% tariff on Champagne and wine from Europe

Trump’s announcement, in which he called the EU “hostile and abusive,” came a day after the bloc’s leaders unveiled plans to retaliate against a batch of US tariffs that took effect this week by imposing 50 percent tariffs on imports of US whiskey and several other American products. 6:32 p.m.

A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on Thursday sent the index to its first since 2023.

Wall Street tumbles 10 percent below its record for first ‘correction’ since 2023 on Trump’s trade war

A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s slide on Thursday sent the index to its first since 2023. 5:07 p.m.

President Trump looked at a new Tesla with Elon Musk at the White House on Tuesday.

Warren calls for ethics probe into Tesla White House event

The demand comes after President Trump held an impromptu press conference to support his billionaire adviser and Tesla chief executive Elon Musk. 3:28 p.m.

ECONOMY

A poster advertising job openings at the Ocean State Job Lot store on Post Road in North Kingstown, R.I., in 2023. The state’s unemployment rate rose to 4.6 percent in January.

Rhode Island’s unemployment rate ticked up in January, even as employers added jobs

The state’s jobless rate rose to 4.6 percent, compared to 3.9 percent a year ago, according to the labor department. 3:12 p.m.