The Latest in Financial & Business News

The project has become an increasingly unpleasant headache for the embattled chair of the Fed, Jerome Powell, as he weathers nearly incessant personal attacks from President Trump.

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

On Thursday, staff at the Federal Reserve led a small group of journalists, photographers, and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.

Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
The visit represented a significant ratcheting up of Trump's pressure on Powell to lower borrowing costs, which the president says would accelerate economic growth.

TALKING POINTS
40 percent of workers see wage growth lagging inflation, study finds
Stories you may have missed from the world of business.

Federal regulators approve Paramount’s $8 billion deal with Skydance, capping months of turmoil
The stamp of approval from the FCC comes after months of turmoil revolving around President Trump’s legal battle with “60 Minutes,” the crown jewel of Paramount-owned broadcast network CBS.

Skydance’s merger with Paramount Global wins FCC’s approval
The FCC green lighted the deal after a yearlong saga that included settling a lawsuit with President Trump and making concessions on diversity initiatives and news judgment.

WBZ offers buyouts to photographers, engineers, as longtime reporter Beth Germano announces retirement
The buyouts and high-profile departures come at a turbulent time for the WBZ’s owner CBS News and its parent company Paramount Global, which recently paid $16 million to settle a lawsuit with President Trump.

Why people flock to Massachusetts to buy $100,000 flutes

The Trump Administration has pushed university accreditation to the center of its efforts to reshape higher education, and Wednesday called for Harvard University's accreditation to be stripped.

The next front in the battle over America’s universities? Accreditation.

Construction workers were laying the foundation for new buildings as part of the redevelopment of the Mary Ellen McCormack public housing complex, the city's oldest public housing development.

From Old Harbor to new housing: Ground breaks on $2b re-do of Southie’s biggest public housing complex

tech power players 50

Illustration to go with 2025 Tech Power Players

Explore the 2025 Tech Power Players list

The Globe’s fourth annual list of the most influential people in tech shows an innovation scene ready for a comeback.

Can Boston’s innovation scene get its mojo back?The state of Boston tech, at a glance

BOLD TYPES

Amina Bulman, chief revenue officer of the soon-to-launch Boston Legacy FC National Women’s Soccer League franchise.

Amina Bulman talks Boston's new women's soccer team

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

data projects

Track grocery prices in Mass. and across the United States

Explore rent estimates and trends all over Eastern Mass.

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’

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.

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More business headlines

A Union Pacific train traveling through Union, Neb.

Union Pacific and Norfolk Southern confirm merger talks to create coast to coast railroad

The potential merger would combine the largest and smallest of the country’s six major freight railroads. 4:21 p.m.

European Central Bank President Christine Lagarde said on Thursday that trade tensions are making the economic environment "exceptionally uncertain."

ECB pauses rate-cutting campaign, as trade disputes cloud outlook

The European Central Bank held interest rates steady Thursday, bringing a halt to a yearlong rate-cutting campaign, as it waited for more clarity on how President Trump's tariffs would impact the region's economy. 4:00 p.m.

Uber driver Erlanio Terra demonstrated at City Hall Plaza on July 24, 2025. Uber drivers and others opposed to self-driving robotaxis and the recent Waymo test in Boston held a protest after a hearing at Boston City Hall.

‘Drivers are people’: Boston City councilors want to delay the arrival of self-driving cars

At a City Hall hearing, councilors discussed how autonomous vehicles might add to congestion, create unsafe conditions, and displace ride-sharing drivers. 3:06 p.m.

UnitedHealth says it is under a federal investigation and cooperating

Shares of UnitedHealth Group dove early Thursday after the health care giant said it was under a Department of Justice investigation. 1:41 p.m.

A nurse gave a flu vaccination in Lynwood, Calif. The decision by Health Secretary Robert F. Kennedy Jr. will not affect most Americans seeking flu vaccines.

RFK Jr. rescinds endorsements for some flu vaccines

Federal guidelines no longer recommend flu vaccines containing a preservative, used in a small percentage of vaccines, that has been falsely linked to autism. 12:52 p.m.

People visit a booth of Tesla during the 3rd China International Supply Chain Expo at the China International Exhibition Center, in Beijing, China, Friday, July 18, 2025.

Tesla shares sink as Musk says it could face some ‘rough quarters’ ahead

In early trading Thursday, Tesla share were down 8 percent to around $305. 10:31 a.m.

Overflowing recycling bins sat on the curb of Pearl Street in Malden on July 22. Since the Republic Services waste collection worker strike began on July 1, there has been no curbside recycling pickup.

‘Recycling is piling up’: Residents, officials frustrated as trash strike enters fourth week

In Malden and other towns disrupted by the Teamsters union's strike against Republic Services, residents say they haven’t seen curbside recycling pickup since the workers walked off the job July 1. 9:48 a.m.

Larry Edelman | Trendlines

Remembering Stephen Brown, the ‘Wizard of Oz’ who took John Hancock public

The former CEO, who died last week, transformed the staid insurer into a modern financial firm. 8:55 a.m.

Patrick Schlott repaired an old payphone in his basement workshop.

In Vermont, pay phones return free of charge in cellular dead zone

An electrical engineer in rural Vermont is reviving old pay phones to give people a free option for making calls in areas where cell service is unreliable or nonexistent. 7:32 a.m.

Scott Delaney, a Harvard research scientist and the co-creator of the Grant Watch database.

How a researcher from Medfield created the go-to database of federal research cuts

A lawyer-turned-Harvard scientist built what was known as Grant Watch from a Google spreadsheet over a matter of months. 7:20 a.m.

RI FOOD & DINING

A diner eats an oyster at Claudine, a new fine-dining restaurant in Providence, Rhode Island.

With the opening of Claudine, is Rhode Island ready for a fine dining comeback?

In recent years, fine dining has undergone a reckoning on a global stage, with many chefs calling it “dead.” But in Rhode Island, a robust food scene is looking to redefine it. 5:55 a.m.

A price for beef is displayed on a shelf at a grocery store in Mount Prospect, Ill.

Australia to reduce US beef import restrictions denounced by Trump as a ban

Australia has allowed imports of beef grown in the United States since 2019. 4:06 a.m.

EPA proposes allowing use of Dicamba weed killer on some crops

The EPA, which reviewed dicamba’s uses and found it poses no risk to human health, is now accepting public comment on its proposed decision. 8:30 p.m.

President Trump displayed an executive order on artificial intelligence he signed at the "Winning the AI Race" AI Summit at the Andrew W. Mellon Auditorium in Washington, D.C., on Wednesday.

Trump administration plans to give AI developers a free hand

The Trump administration said Wednesday that it planned to speed the development of artificial intelligence in the United States, opening the door for companies to develop the technology unfettered from oversight and safeguards. 7:28 p.m.

Dr. Mallika Marshall, an Emmy-award winning medical reporter at WBZ, said she has been laid off by the station.

Longtime WBZ medical reporter Dr. Mallika Marshall says she has been laid off by the station

Marshall said her last day is Friday, after 21 years with the station. 6:51 p.m.

Supporters of the South Korean Confederation of Trade Unions marched during a rally last week against the government's labor policy and President Trump's tariffs policy on South Korea.

Flurry of trade deals offers relief for some Asian countries, while others wait

President Trump has announced a flurry of trade deals that will relieve some pressure on companies and consumers from sharply higher tariffs on imports from Japan and a handful of other Asian countries. 5:10 p.m.