The Latest in Financial & Business News

A sign trumpets discounts available in a clothing store in a mall, April 29, in Lone Tree, Colo.

Latest US inflation report may provide clues to future path of prices and interest rates

It’s perhaps the biggest question swirling around the US economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soon.

TALKING POINTS
Boeing got orders for just seven planes in April
Stories you may have missed from the world of business.

Meme stocks are roaring again. This time may be different.
The biggest change from the initial supernova for GameStop’s stock is how the experience of 2021 makes this all feel familiar. That familiarity, plus some changes in the market, should allow Wall Street to more easily digest the sharp movements, experts say.

Wholesale price increases accelerated in April as inflation remains sticky
Measured year over year, producer prices rose by 2.2 percent in April, up from 1.8 percent in March and the biggest increase in a year.

Fed chair’s confidence in slowing inflation is ‘not as high’ as before
Jerome Powell, the Federal Reserve chair, reiterated Tuesday that policymakers were poised to hold interest rates steady at a high level as they waited for evidence that inflation is slowing further.

innovation beat
Boston innovation community celebrates the Globe’s 2024 Tech Power Players
The names and trends have shifted as the industry has gone through boom times, a downturn, and some reshuffling. But the region’s core strengths remain.

Map: Nearly 200 towns must rezone under the MBTA Communities law. Has your town complied?

A copy of The Berkeley Beacon, Emerson College's student-run newspaper, in a sidewalk newsstand on the corner of Boylston and Tremont streets.

‘You want to get it right’: As Gaza protests roil Emerson, student journalists at center of dispute

Julian Herrera took a sandwich order behind the counter at Milk Street Cafe on Friday.

Trying to find a cheap lunch downtown? Good luck.

Gen Z in Boston

In Chapter One of BoZton, we’ll touch on the burdens of soaring rent, the scramble to find an apartment, and the elusive dream of homeownership as it pertains to young people of the city.

BoZton, a video series for The Hub's Gen Zers

In Chapter One, we break down the burdens of housing for the city's Gen Z population.

Watch the trailer Can young people make it in Boston?

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

BOLD TYPES

Emily Knight, president of The Engine Accelerator, a “tough tech” incubator in Kendall Square.

Emily Knight talks 'tough tech'

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 heart sculpture on display near Framingham's downtown, with "welcome" written in a variety of languages.

Framingham is once again reinventing itself

The On the Street series looks at the past, present, and future of neighborhoods in Greater Boston.

Framingham’s public schools offer a pipeline for inclusionExplore the full series

Listen to Globe Opinion's new 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

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More business headlines

DEVRA FIRST

Grasshopper in Allston is closing after 27 years at its North Beacon Street location.

Grasshopper in Allston — a vegan pioneer — is closing. We went for one last meal.

Owners Hoai Nguyen and Linh Le hope to find a new location. But for now, this may be our last chance to visit. I wasn’t going to miss it. 3:17 p.m.

Bernadette Lu, operations manager, worked in the lab at Gingko Bioworks in Boston in 2023 as the firm developed systems to give public health officials early warning about possible future pandemics.

Ginkgo Bioworks stock threatened with delisting

The once-high-flying Boston life sciences firm has had an average closing price of less than $1 per share over 30 consecutive days of trading. 12:22 p.m.

MEDIA

Boston Globe Rhode Island won 32 awards across 22 categories in the 2024 Rhode Island Press Association contest honoring work published in 2023, including nine first-place finishes.

Globe Rhode Island wins 2024 RI Press Association top honors for best news website, news columnist, email newsletters, and more

The Globe Rhode Island team took home 32 awards in 22 categories, including 9 first place finishes, for work published in 2023. 12:05 p.m.

FOOD & TRAVEL

Here are five fun ‘Western’ foods to eat in South Korea

My biggest food-related culture shocks since moving here have come from what Koreans call “American” or “Western” food rather than anything Korean. Here's a look at some of what I've encountered. 12:00 p.m.

innovation beat

Shares of Rapid7 lost 17 percent on May 7 after the results. At $37.08 at Monday’s close, the shares were down 19 percent.

Why Toast and Wayfair shares jumped while other tech stocks hit turbulence

Poorer than expected reports hit automotive software firm Cerence and cybersecurity firm Rapid7. 11:08 a.m.

A phone with an App Store selection of the dating app Bumble.

Bumble ran billboard ads that sneered at celibacy as an alternative to dating. Then it backtracked and apologized.

The billboards bore the message “You know full well a vow of celibacy is not the answer” juxtaposed against an introduction to “the new Bumble.” 10:32 a.m.

The Carmelite Sisters plan to close Marian Manor in South Boston this year.

After long search for new home, South Boston’s Marian Manor nursing home will close this fall

The religious order has been discussing redevelopment for years but could not find a financially feasible way to keep the nursing home open. 9:47 a.m.

innovation economy

Zildjian, the maker of cymbals that date back to 1623 in Turkey, has released a fully electronic drum kit. Senior business manager Mike Weber demoed the company's new Alchem-E drum set at headquarters.

Drumroll, please: Norwell cymbal maker Zildjian enters the digital age

Zildjian has launched its first fully electronic drum set — starting at $4,500. And other electronic products are on the horizon. 7:30 a.m.

THE FINE PRINT

Ian and Debbie Daigle complained of deplorable customer service by the Bruins organization.

An Ontario man tried to order merch from the Bruins souvenir shop. He ‘lost faith’ after four botched deliveries.

Ian Daigle grew upset when the Bruins’ souvenir shop badly screwed up his online order for a new Bruins sweatshirt and hat. 7:07 a.m.

RI DEVELOPMENT

Renderings of 21 Atwells Ave., a proposed 30-story residential tower that would have more than 200 apartment units, in Providence, R.I.

R.I. developer proposes 30-story apartment building next to Amica Mutual Pavilion

The firm first proposed a residential tower on the site in the early 2000s as part of its plans to build a “Power Block,” a nearly $1 billion real estate investment that never fully became reality. 6:00 a.m.

RI NEWS

US Attorney for the District of Rhode Island Zachary A. Cunha speaks during a press conference alongside Susan Rhodes, the regional director of the U.S. Health and Human Services Office of Civil Rights

‘Appalling failure’: Investigation finds R.I. has ‘routinely’ segregated children with disabilities by institutionalizing them

Rhode Island has repeatedly violated federal disability laws by over-hospitalizing children in state care who have behavioral disabilities, said US Attorney Zachary Cunha on Monday. 8:43 p.m.

A Zoox self-driving car outside the company's headquarters in Foster City, Calif., in 2020.

Amazon’s self-driving robotaxi unit Zoox under investigation by US after 2 rear-end crashes

The National Highway Traffic Safety Administration said in documents posted on its website Monday it will evaluate the automated driving system developed by Zoox. 6:20 p.m.

US airlines are trying to kill a new rule requiring them to disclose fees more quickly when consumers shop for flights. The airlines filed a lawsuit in federal appeals court against the Transportation Department, which issued the rule last month.

US airlines are suing the Biden administration over a new rule to make certain fees easier to spot

The US Transportation Department said Monday it will vigorously defend the rule against what it called “hidden junk fees.” 6:02 p.m.

Commuter rail workers reached a tentative agreement with the MBTA’s contractor Keolis on Friday, heading off a possible strike.

Some MBTA commuter rail workers reach contract agreement, averting potential strike

The tentative agreement means pay increases of 23 percent for most workers in one of 14 commuter rail unions. 5:42 p.m.

Rupa Shenoy, the host of WBUR's "Morning Edition," is departing the show this summer.

Rupa Shenoy, host of WBUR’s ‘Morning Edition,’ to leave show this summer

Shenoy helped WBUR become the most listened-to news station in Boston, a WBUR leader said. 5:26 p.m.