The Latest in Financial & Business News

Author Ben Mezrich at his Newton home in the room where he often writes.

Ben Mezrich’s new book is on Elon Musk and how Twitter broke the billionaire

Fans of Mezrich will recognize his penchant for dramatic narrative nonfiction that Hollywood loves to make into movies and TV series.

OPEC+ suppliers struggle to agree on cuts to oil production even as prices tumble
The OPEC oil cartel led by Saudi Arabia and allied producers including Russia are trying to agree on cuts to the amount of crude they send to the world.

TALKING POINTS
No special authority needed if rail extended to Western Mass., report says
Stories you may have missed from the world of business.

Conservative Supreme Court justices seem open to an attack on the Securities and Exchange Commission
A majority of the nine-member court suggested that people accused of fraud by the SEC should have the right to have their cases decided by a jury in federal court, instead of by the SEC’s in-house administrative law judges.

US economic growth for last quarter is revised up to a 5.2% annual rate
In the current fourth quarter, though, economists say growth is likely slowing sharply from the cumulative effects of higher borrowing rates on consumer and business spending.

RI BUSINESS
Textron plans to cut more than 700 jobs
The layoffs will not impact its Providence, R.I.-based headquarters, the company said.

CVS pharmacists are at a breaking point, imperiling company’s reinvention plans

People walked in downtown Plymouth on Nov. 3.

More than a rock and the Mayflower, downtown Plymouth aims high

From left to right: Dr. Alden Doerner Rinaldi, Dr. Caitlin Brennan, Dr. Zachary Sager, Dr. Roxanne Sholevar, and Dr. Yvan Beaussant posed for a portrait inside one of the rooms at the Care Dimensions Hospice House in Lincoln where terminally ill patients can receive synthetic psilocybin as part of a small trial.

Can magic mushrooms help hospice patients face death? Dana-Farber researchers want to find out.

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.

Introducing BoZton, a video series for The Hub's 20-somethings

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

Watch the trailer Boston thrives off the dreams of young people. But can they make it here?

tech power players 50

Introducing the 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

Trustees of Reservations president and CEO Katie Theoharides.

Trustees CEO Katie Theoharides talks climate change

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 reinventing itself. Again.

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

See the Tech Unicorn Tracker

The Boston Globe's tech unicorn tracker lists startups headquartered in Massachusetts that have a valuation of at least $500 million.

Tech Power Players 50 nominations for 2024 now open

Tell us who should be on our list of the most influential and interesting people on the Massachusetts technology scene.

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

As a result of the breach, Okta warned customers may face an increased risk of attacks and urged them to use strong multifactor authentication.

Okta says hackers stole data for all customer support users

The company warns that customers may face an increased risk of attacks and urged them to use strong multifactor authentication. 5:58 p.m.

“We are finalizing a 2024 budget that will fully offset the incremental costs of our new labor agreements,” GM CEO Mary Barra said.

GM says it can handle rising labor costs as it announces huge share buyback and dividend increase

Due to $2 billion worth of annual efficiency gains and cost reductions expected by the end of next year, the company said it can can handle $9.3 billion in labor cost increases from US and Canadian union contracts through April of 2028. 5:36 p.m.

After launching last November, ChatGPT became one of the fastest-growing online applications ever. And one year later, it attracts about 100 million users each week.

ChatGPT launched one year ago. Here’s what we’ve learned about AI and the future.

OpenAI's chatbot took the world by storm last November. But it will take much longer to understand generative AI's impact, its risks, its vast capacity for error, and the downsides of relying on machines to do our thinking and communicating for us. 5:22 p.m.

An aerial view of the Kendall Square area in Cambridge. Generation Bio, a Cambridge genetic medicines startup, became the latest Massachusetts biotech to slash its payroll.

Generation Bio cuts its payroll by 40 percent in latest restructuring move

The Cambridge biotech startup is seeking to extend its cash into 2027. 4:09 p.m.

Cans of Tree House Brewing Co.'s New England IPA Julius made their way down the canning line of the brewery.

Shareholder lawsuits are common. Here’s what makes the one at Tree House Brewing unique.

The case is a face-off between a minority shareholder, Eric Granger, and the duo that owns 98 percent of the successful brewery. 4:07 p.m.

Construction on a luxury apartment complex underway in Woburn, Mass. on April 22, 2022.

Tell us: Do you live in a new apartment building in Greater Boston? We want to hear about it.

We’re looking for people who rent in buildings that are two or three years old — or newer — in or around Boston to talk about what they pay, what they get in terms of amenities and location, and what they think about where they live. 3:00 p.m.

Demonstrators gather outside Cup Foods to celebrate the murder conviction of former Minneapolis police officer Derek Chauvin in the killing of George Floyd, April 20, 2021, in Minneapolis.

Businesses where George Floyd was killed sue Minneapolis, saying police are not protecting the area

Several stores at the location where George Floyd was killed by Minneapolis police in 2020 have sued the city, accusing it of neglecting the area and hurting business. 2:43 p.m.

Sales of Truly in 2021 became fodder for shareholder litigation against parent company Boston Beer Co.

Boston Beer Co. scores a win on lawsuit over Truly hard seltzer sales

A court ruled that the maker of Sam Adams did not mislead its investors by hyping sales of its Truly hard seltzer in 2021. 2:33 p.m.