The Latest in Financial & Business News

The headquarters of the National Association of Realtors in Chicago.

TALKING POINTS

Settlement over realtor fees gets preliminary approval

Stories you may have missed from the world of business.

‘It’s just where I belong’: Taunton nurses, community members hold rally amid Steward crisis
Dozens of medical professionals, community members, and local officials gathered Tuesday at a Taunton park, calling for Steward Health Care to keep Morton Hospital open.

SPORTS BUSINESS
Caitlin Clark is closing on a record $28 million endorsement contract, shoe deal with Nike
Under Armour and Adidas also participated in contract discussions with Clark’s team in February, according to the WSJ and The Athletic. Puma also showed some interest, but walked away when told the bidding would start at $3 million per year.

GM reports big jump in profit on gasoline car sales
The company saw slow growth in electric vehicles, but robust sales of internal combustion vehicles, especially pickup trucks, helped raise its profit to $3 billion in the first quarter, a 24 percent jump from a year earlier.

Nonprofit, residents continuing with lawsuit over White Stadium redevelopment plan
A Suffolk Superior Court judge last month rejected the plaintiffs' request for a preliminary injunction to temporarily pause any progress on the project until the lawsuit could be resolved.

Starbucks appears likely to win Supreme Court dispute with federal labor agency
The case that made it to the high court began in February 2022, when Starbucks fired seven workers who were trying to unionize their Tennessee store.

In Holyoke, a home of her own: One woman’s struggle to build a life in the state’s poorest place

During a coastal flooding warning in January, cars traveled through flood waters along Atlantic Avenue.

Boston’s defenses against rising seas lean on private development. What happens when the money dries up?

Trump Media, owner of Truth Social, is a textbook meme stock.

Psst. Investing in Trump’s Truth Social is a no-brainer.

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 2023

Our second annual ranking spotlights leaders keeping New England’s technology scene vibrant in a challenging climate.

See who ranked No. 1Explore the full project

BOLD TYPES

Jarred Johnson, head of TransitMatters, believes in a ‘data-driven but people-centered’ approach to fixing the MBTA.

Jarred Johnson talks transit advocacy

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.

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More business headlines

GE is the world’s largest producer of jet engines.

GE Aerospace raises earnings goal on strong engine sales

Operating profit this year will reach $6.2 billion to $6.6 billion, GE said in a statement on Tuesday, raising its guidance from as much as $6.5 billion. 5:05 p.m.

The Federal Trade Commission building is seen on Jan. 28, 2015, in Washington, D.C.

New federal rule would bar companies from forcing ‘noncompete’ agreements on employees

According to the Federal Trade Commission, 30 million people — roughly one in five workers — are now subject to such restrictions. 3:21 p.m.

innovation beat

Longtime Boston tech executive Pete Lamson joined venture capital firm Volition Capital as chief operating officer and head of portfolio operations.

Fidelity spinoff Volition Capital is the rare Boston VC firm expanding in 2024

Last year, Volition raised $675 million for its fifth and largest fund, which is keeping founders Sean Cantwell, Larry Cheng, and Roger Hurwitz busier than ever. 3:00 p.m.

Mr. Wright, a two-time Pulitzer Prize-winning editorial cartoonist, at his drafting table at The Palm Beach Post in 2008.

Don Wright, editorial cartoonist with a skewer for a pen, dies at 90

In a 45-year career, Mr. Wright drew some 11,000 cartoons for The Miami News and The Palm Beach Post, but through syndication he reached a readership far beyond Florida. 1:15 p.m.

Milton residents voted down a controversial plan that would open sections of the town to more housing development in February.

Marshfield also says ‘no’ to state zoning law aimed at boosting housing supply

Town Counsel Robert Galvin said voters were concerned over "the adverse impacts of having to add over 400 new multifamily units" in the town. 12:35 p.m.

A rendering of the training floor at the upcoming Life Time location at the Prudential Building.

From a bookstore to a gym: Life Time fitness club is latest ‘experiential retail’ to move into Prudential Center

A smaller, urban version of the popular fitness club will occupy the former Barnes and Noble space in the Pru late next year. 9:30 a.m.

St. Anne’s Hospital, a Steward-owned hospital.

Rallies planned in Steward Hospital communities

Fearing hospital closures and service reductions, a coalition plans standouts over the next week at Steward Health Care hospitals in Massachusetts and is calling on elected officials to help secure new hospital owners. 7:57 a.m.

Midwife Sabrina Pereira felt for the baby during a prenantal checkup with expectant mother Laurie Cormier.

Midwives want to be formally licensed in Mass. What does that mean?

Supporters say bills to license the birthing professionals would be transformative for the state reproductive health care workforce and maternal mortality outcomes. 7:42 a.m.

HOUSING & HOMELESSNESS

Governor Dan McKee plans to amend his proposed budget to put more money toward tackling the state's rise in homelessness.

To tackle Rhode Island’s rise in homelessness, Governor McKee proposes $16.6m for one-time fund

McKee also wants to create a permanent funding stream for homelessness efforts by extending the 5 percent hotel tax to the short-term rental of whole homes. 6:00 a.m.

RI BUSINESS

Elected officials and developers gathered at a site in East Providence in 2022 to break ground on a concert venue in this area. Since then, little visible work has taken place, as seen in this photograph taken Monday.

Little progress but high hopes for major projects on East Providence waterfront

Almost two years after their ceremonial head start, there’s little visible sign of progress on projects including a marine terminal and a concert venue. 6:00 a.m.

Tiffani DeVincent-Clarke watched her two-year-old daughter, Priia, play. At the beginning of May, DeVincent-Clarke, who has bounced around multiple shelters, will move into a new two-bedroom apartment in Cambridge through a new Rapid Housing program.

Can private landlords help ease the shelter crisis in Mass.? A new program is trying to find out.

State vouchers aim to make it worthwhile for private landlords to take in people emerging from homelessness. 5:58 a.m.

Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition, March 9, 2020, in Washington.

Elon Musk accuses Australia of censorship after court bans violent video

Australian Prime Minister Anthony Albanese responded Tuesday by describing Musk as an “arrogant billionaire” who considered himself above the law and was out of touch with the public. 2:49 a.m.

Shoppers at a Kroger grocery store in Dallas, Texas.

Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators

The companies now plan to sell 579 Kroger and Albertsons stores in markets where they overlap to C&S Wholesale Grocers, a New Hampshire grocery supplier and operator, for $2.9 billion. 5:05 p.m.

TikTok owner ByteDance is under growing pressure for its links to China, data collection practices, and potentially harmful effects on children.

TikTok faces EU inquiry over ‘addictive’ features

The EU investigation adds to TikTok’s regulatory challenges as the US Senate prepares to vote on a bill that would order the app’s owner, Chinese internet company ByteDance, to sell TikTok or be banned. 4:51 p.m.

BUSINESS

McKee proposes $1.3m for businesses hurt by Washington Bridge closure, $20m for repairs

The money would be split between East Providence, which would get $600,000; Providence, which would get $400,000; and the rest of the state, which would get $300,000. 4:32 p.m.