The Latest in Financial & Business News

Gulls follow a commercial fishing boat as crewmen haul in their catch in the Gulf of Maine.

What it means for the Supreme Court to throw out Chevron decision, undercutting federal regulators

Executive branch agencies will likely have more difficulty regulating the environment, public health, workplace safety, and other issues under a far-reaching decision by the Supreme Court.

Today is Rupa Shenoy’s last day hosting WBUR’s ‘Morning Edition’
Following Shenoy's departure from the public radio station, Deborah Becker, a senior correspondent and host, will fill in as the interim host of the morning news show.

TALKING POINTS
US customers abroad report issues connecting to their networks
Stories you may have missed from the world of business.

Optum walks away from its agreement to buy Steward’s doctors network
The decision is a major setback to Steward’s efforts to bolster its finances after filing for bankruptcy.

Uber, Lyft and AG reach $175 million settlement that will boost gig-driver pay, likely avoid costly ballot fight
The ride-hailing companies will provide minimum pay of $32.50 an hour in a deal that likely voids the independent contractor ballot measure.

US economic growth for last quarter is revised up slightly to a 1.4% annual rate
Consumer spending grew at just a 1.5 percent rate, down from an initial estimate of 2 percent, in a sign that high interest rates may be taking a toll on the economy.

A 23-minute ride for $3.52: Boston’s food delivery drivers are getting squeezed from all sides

Twelve executives at GBH earned more than $300,000 each last year, prompting criticism among current and former employees about the organization’s choices in confronting a budget shortfall.

At least nine GBH executives had salaries of over $300,000 last year. Reeling from layoffs, employees have questions.

Owners Shawn Ward and Matt Kelcourse at their new EV fast-charging station in Weymouth, which uses a bank of lithium-ion batteries to charge vehicles at high speed without needing a high-voltage connection to the electrical grid.

A new EV charging station in Weymouth found a hack around a two-year backlog

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

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?

BOLD TYPES

Whoop founder and chief executive Will Ahmed.

Will Ahmed talks Whoop's successes

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

no stupid questions

Introducing No Stupid Questions

A series of how-to guides — from traffic to taxes — for navigating adult life in Boston.

New to the city? Here’s the best advice our readers have to share.

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

Bold Types

Confetti filled the sky at the end of the Boston Pops Fireworks Spectacular on July 4, 2022.

The July 4 fireworks, now brought to you by Herb Chambers

The biggest car dealer in New England will sponsor this year’s Boston Pops Fireworks Spectacular 5:06 p.m.

The Supreme Court allows emergency abortions in Idaho for now in a limited ruling

The decision cleared the way for Idaho hospitals to provide emergency abortions for now in a procedural ruling that left key questions unanswered and could mean the issue returns to the court again soon. 5:05 p.m.

The Supreme Court rejects Purdue Pharma opioid settlement that would have shielded Sacklers

The justices blocked an agreement hammered out with state and local governments and victims that would also have provided billions of dollars to combat the opioid epidemic. 5:02 p.m.

Supporters of presidential candidate Robert F. Kennedy Jr. drove an RV near the security perimeter near the CNN studio complex, site of Thursday's presidential debate between President Biden and Republican presidential candidate former president Donald Trump.

Robert F. Kennedy Jr. didn’t make the debate stage. He faces hurdles to stay relevant.

After a busy spring hopscotching the country for a mix of political rallies, fund-raisers, and nontraditional campaign events, Kennedy appears to be taking a breather. 4:56 p.m.

27osterville - This oceanfront home at 835 Sea View Ave. in Osterville has been sold for $22.75 million.

Record-breaking Cape Cod real estate deal: oceanfront home in Barnstable sells for $22.75 million

Built in 2012, the seven-bedroom home offers 15,500 square feet of living space. 2:34 p.m.

When Massport built a road directly connecting Conley Terminal to Summer Street, they negotiated a deed restriction on the the old Edison power plant next door, preventing housing from being built there. The developer of that site has agreed to pay $12 million to have the restriction lifted.

Massport gets $12 million to allow housing near Conley Terminal haul road

The deal will enable massive redevelopment of the old Boston Edison plant in South Boston to move forward. 12:35 p.m.

The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

The justices ruled in a 6-3 vote that people accused of fraud by the SEC, which regulates securities markets, have the right to a jury trial in federal court. 11:22 a.m.

Pharmaceutical giant AbbVie said it would buy Cambridge biotech Celsius Therapeutics for $250 million.

AbbVie to buy Cambridge biotech Celsius for $250 million

Privately held Celsius has developed an experimental drug for inflammatory bowel disease. 11:05 a.m.

A hiring sign in Riverwoods, Ill. The Labor Department reported Thursday that jobless claims for the week ending June 22 fell by 6,000 to 233,000 from 239,000 the previous week.

US weekly jobless claims fall, but the total number collecting benefits is the most since 2021

Massachusetts reported 8,970 “advance” initial claims for unemployment insurance last week. 10:49 a.m.

Larry Edelman | Trendlines

Inflation, tax cuts, and tariffs: What to expect in the first Trump-Biden debate

In Thursday night's face-off, expect Donald Trump to blame President Biden for inflation, and Biden to warn that Trump's policies would tank the economy. 10:07 a.m.

Suffolk University has bought the building with the Beantown Pub to build another dorm. The pub isn't leaving.

Suffolk University buys Beantown Pub building, will convert to dorms (but the pub stays)

The $30 million deal highlights the changing nature of downtown's office market. 9:09 a.m.

Signage removed from a former Walgreens store in Roxbury in February.

Walgreens plans to shutter more stores

The company said it would close significantly more stores as its new chief executive officer seeks to turn the business around. 9:00 a.m.

RI BUSINESS

Rhode Island Attorney General Peter F. Neronha.

R.I. attorney general defends strict conditions for sale of Prospect Medical Holdings’ two cash-strapped hospitals

Attorney General Peter Neronha calls the private equity firm “an owner that doesn’t want to own hospitals,” but the foundation seeking to buy Fatima hospital and Roger Williams Medical Center is “not investing money” into them 6:00 a.m.

A storm is brewing over what's usually a gastronomic celebration in Nantucket.

‘You don’t say something belongs to you when it belongs to someone else’: Nantucket food and wine festival sparks lawsuit

Two parties are laying claim to the annual event at the same date and venue. 6:00 a.m.

tech lab

Mikey Shulman, chief executive of Suno, in his company’s Cambridge offices on June 20.

This Cambridge startup can churn out AI-generated music in 30 seconds. The recording industry would like a word.

The world’s leading recorded music companies filed suit against Suno this week, alleging that it’s illegal to use copyrighted recordings without permission to train AI systems. 5:51 a.m.

PODCAST | SAY MORE WITH SHIRLEY LEUNG

Emily Nagoski and her husband, Rich Stevens at her home in Easthampton, Mass., on Dec. 19, 2023.

Sex and stress? There’s a connection. How one sex therapist became an expert on burnout.

Emily Nagoski set out to help women feel better about their bodies. Now she also helps them understand the science of stress and how burnout affects women differently. 12:00 a.m.