Facebook Live is reinventing the sales party

Vantel Pearls, a relatively obscure company with a unusual gimmick, appears to be on the vanguard of using Facebook Live to make fast cash.

Airbnb says state, cities lost out on $15m in missed tax revenue

Airbnb Inc. said state and local governments could have received at least $15 million over the past year from hotel taxes on its users.

SUNRISE, FL - NOVEMBER 15: A 'now hiring' sign is seen at the Toys

US unemployment rate drops to 4.6 percent

The US economy added 178,000 jobs in November, while the unemployment rate fell to 4.6 percent, a level not seen since August 2007.

Larry Jefferson, a.k.a. Santa, posed for a photo with Jack Kivel at the Mall of America,

Mall of America brings diversity to Santa

The nation’s largest mall is hosting its first-ever black Santa Claus this weekend.

Latest Business headlines

MICHELLE SINGLETARY | THE COLOR OF MONEY

Which gift cards will get you the biggest hugs?

You love to shop in search of just the right gift. It’s your calling.

On the Job

Alpine keeps its (ball) bearings

Alpine Bearing, a second-generation family-run business run by Jim Levin, includes a manufacturing clean room to reassemble bearings for custom applications.

Consumer Alert

More about those annoying iPhone 6 shutdowns

You might be eligible for a battery replacement, but Apple still hasn’t offered a good explanation for the problem.

Consumer Reports

Don’t make these health insurance mistakes

There’s a good chance you’re paying more than you need to.

Tech startups to be offered banking charters

Federal bank regulators are planning to offer a new type of national banking charter to technology companies that provide financial services.

More Business headlines

Job Doc

New job in Boston, but her friends are in Dallas

How get over the relocation blues after transferring to a new city.

Five things you should know about Kris Krane

The investor and advocate reflects on two decades in the world of marijuana.

FCC criticizes AT&T, Verizon on data exemptions

U.S. regulators are calling out AT&T and Verizon for exempting their own video apps from data caps on customers’ cellphones.

Boston biotech Acetylon being acquired by Celgene

Privately held Boston biotech company Acetylon Pharmaceuticals Inc., which is developing drugs to treat blood cancer and other diseases.

A billboard outside Fenway Park, visible from Lansdowne Street shows train times on digital display. Suzanne Kreiter/Globe staff

A big billboard outside Fenway Park to help you keep track of your train

The display comes from a Washington, D.C.-based startup, TransitScreen.

Trump to consult elite business leaders for economic advice

Current and former executives from Boston Consulting Group and General Electric are among the leaders who will offer their insight to Trump.

US health spending rises at fastest rate in eight years

The United States spent $3.2 trillion on health care in 2015, a 5.8 percent increase over 2014.

SUNRISE, FL - NOVEMBER 15: A 'now hiring' sign is seen at the Toys

Unemployment rate falls to 9-year low

The US unemployment rate fell to 4.6 percent last month, though not for the best reason: Many of the unemployed gave up looking for work.

During a trade 2011 trade mission to Israel, then-governor Deval Patrick visited a market in Tel Aviv.

INNOVATION ECONOMY

State needs a YouTube strategy to market itself to other countries

Traditional trade missions are expensive and inefficient. It’s time for Massachusetts to try a digital approach.

After extending an olive branch in September, the New England Aquarium is back to waging a war with Don Chiofaro over his project to redevelop the Harbor Garage.

shirley leung

Peace on the Boston waterfront? Not this year

After extending an olive branch in September, the New England Aquarium is back to waging a war with developer Don Chiofaro.

FILE -- A man walking under a sign for the University of Phoenix campus in Philadelphia, Dec. 3, 2004. Apollo Education Group, the owner of the University of Phoenix and other for-profit educational institutions, said Feb. 8, 2016, that it had agreed to be taken private by a consortium of investors in a deal valued at $1.1 billion. (Tim Shaffer/The New York Times)

Graduate enrollment at for-profit colleges shows surprising growth

Nearly a half-million people are borrowing $5 billion a year to pursue advanced degrees from for-profit colleges and universities

Visa and Mastercard will give merchants until October 2020 to adopt chip-card technology, three years later than previously planned.

Visa, Mastercard delay deadline for upgrade of gasoline pumps

Visa Inc. and Mastercard Inc. pushed back the deadline for installing chip-card readers in US gasoline pumps

Starbucks CEO Howard Schultz will give up the reins of the world’s largest coffee business in April.

Starbucks chief Howard Schultz to step down next year

Schultz will hand over to his personally selected successor the management of the company he built into the world’s largest coffee business.

State health data agency is cutting 65 jobs

The Center for Health Information and Analysis must reduce its budget by $45 million over five years.

Wells Fargo CEO John Stumpf testifies on Capitol Hill in Washington on Sept. 29, 2016, before the House Financial Services Committee investigating Wells Fargo's opening of unauthorized customer accounts. Cliff Owen/AP

Wells Fargo splits chairman, chief executive jobs

Wells Fargo & Co. changed its bylaws to require a separate chairman and chief executive officer, breaking with most of its US peers.

According to data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.08 percent with an average 0.5 point.

Mortgage rates reach highs not seen in more than a year

Mortgage rates sustained their upward march this week without any indication that their trajectory will slow anytime soon.

City leaders are offering a new vision for the empty track, affectionately known as Track 61, that runs from the railyards at South Boston’s western edge north to the waterfront.

City leaders see new use for old South Boston railroad track

In a new master plan for Boston, officials said they would like to see a spur of the Fairmount Line extended to the South Boston waterfront.

President-elect Donald Trump and Vice President-elect Mike Pence toured a Carrier plant in Indianapolis Thursday.

Carrier deal done, Trump to dial up more companies on jobs

The president-elect promised to make more deals to prevent jobs from moving overseas.

President-elect Donald Trump.

What likely won’t change under Trump: Foreign investment in Boston

Billions of dollars in global capital has sluiced into the city’s real estate market in recent years.

Friday’s business agenda

US unemployment rate, conferences, and more notable events and things to know.

Oil, banks take Dow to new high

Tech companies plunged Thursday but big gains for bank and oil stocks pulled the Dow to a record high.

Starbucks CEO Howard Schultz.

Starbucks says Schultz to step down as CEO, become chairman

Starbucks says CEO Howard Schultz is stepping down from the coffee chain that he joined more than 30 years ago.

Secretary of State William F. Galvin filed suit against Roger S. Zullo of LPL Financial, alleging he defrauded clients.

Mass. secretary of state files charges against investment adviser

An adviser with Boston’s LPL Financial allegedly sold costly variable annuities to retirees and health care workers, reaping $1.8 million in commissions.

Needham Bank gets a new executive

Former big-bank executive Joe Campanelli, who ran Sovereign Bank for several years, will be taking charge of Needham Bank in January.

The

Gifts in the ‘The Twelve Days of Christmas’ now cost $34,363

The price of turtle doves spiked, but most other gifts listed in the carol stayed the same price or became cheaper from last year.

Bluebird shares soar 17 percent on multiple myeloma trial

The Cambridge biotech reported encouraging results from an early-stage study of its experimental cancer immunotherapy.

FILE - This Feb. 1, 2012, file photo, shows Kellogg's cereal products, in Orlando, Fla. On its website, amid news of Pop-Tarts and Frosted Flakes, Kellogg touted a distinguished-sounding “breakfast council” of “independent experts” dedicated to guiding its nutritional efforts. Nowhere did it say that Kellogg paid the council members and spoon-fed them talking points about the benefits of cereal and breakfast, according to a copy of a contract and email exchanges obtained by The Associated Press. (AP Photo/John Raoux, File)

Breitbart News urges boycott of Kellogg after brand abandons site

The cereal maker pulled advertising from the website, whose former chairman is a top adviser to President-elect Donald Trump.

Hundreds of prospective employees cue up in a serpentine line during a National job fair at a hotel in Boston, Monday, March 23, 2009. The government said Thursday, March 26, initial jobless benefit claims rose slightly last week while the number of people continuing to claim benefits set a record for the ninth straight week. (AP Photo/Stephan Savoia)

Evan Horowitz | Quick Study

A recession is coming, and we’re not prepared to deal with it

Not once in the full sweep of history has the United States gone more than 10 years without a recession.

An artist’s sketch of the future Arsenal Yards in Watertown.

Arsenal Mall rebuild to begin soon, under new name

Dubbed Arsenal Yards, the new mall will have a more modern look, updated mix of local and national retailers, and maybe a movie theater.

Nestle SA says it found a way to reduce the amount of sugar in chocolate by as much as 40 percent, a discovery that may give the KitKat maker an edge.

Nestle to cut chocolate’s sugar content

Nestle SA says it found a way to reduce the amount of sugar in chocolate by as much as 40 percent, a discovery that may give the KitKat maker an edge.

Mohammed bin Saleh al-Sada, the Qatari oil minister who is running OPEC’s meeting in Vienna, on Tuesday announced the cartel’s pact to decrease oil production.

Oil prices climb as OPEC says it will cut production

The problem is, the euphoria may not last.

New England firms struggle with hiring, according to Fed report

Staffing firms said legal, marketing, and medical assistant positions were particularly hard to fill, according to the Federal Reserve report.

Netflix subscribers can now download shows and movies to watch when they’re not online, such as during a flight or in a car.

Netflix finally relents, offers downloading

Netflix subscribers can now binge on many of their favorite shows and movies even when they don’t have an Internet connection.

A GoPro camera is mounted on a skier’s helmet as he rides down the slopes in the ski resort of Meribel, in the French Alps.

Camera maker GoPro plans 200 layoffs

The announcement, which was reiterated in a prepared statement, marks another twist in the company’s struggles since it went public in 2014.

Stat

21st Century Cures Act passes the House

The House of Representatives passed the bill by a 392 to 26 vote, showing a bipartisan spirit that has been rare in recent years.

As auto lending rises, so do delinquencies

The swelling delinquencies come at a time when unemployment is low and borrowers typically should be able to make their payments.

Stocks end mostly lower, despite gains in banks, oil

Stocks moved mostly lower Wednesday as gains in blue-chip energy companies and banks were not enough to make up for losses in the broader market.

STAT

As revenue falls, a pioneer of cancer gene testing slams rivals with overblown claims

Desperate to protect its business, Myriad Genetics embarked on an aggressive strategy to undermine its competitors, STAT has found.

A new report says the hodgepodge of warnings that a food might accidentally contain a troublesome ingredient is confusing to people with food allergies.

Think food allergy warnings are confusing? You’re not alone.

A new report says the hodgepodge of warnings that a food might accidentally contain a troublesome ingredient is confusing.

NEW YORK, NY - NOVEMBER 28: EVP of Marketing at AT&T Entertainment Group Brad Bentley speaks onstage during AT&T's celebration of the Launch of DIRECTV NOW at Venue 57 on November 28, 2016 in New York City. (Photo by Dave Kotinsky/Getty Images for DirecTV)

hiawatha bray | techlab

For cord cutters, AT&T’s new virtual cable service an unlikely solution

Sometimes when a company rolls out a new product, you can sense its corporate heart just isn’t in it.

“When you look at this data, for patients who were in such bad shape to have this kind of response is very unique and distinguishing in this space,” Bluebird chief executive Nick Leschly said.

Cambridge biotech’s cancer therapy trial has promising results

Bluebird Bio said its cancer immunotherapy worked in seven of nine multiple myeloma patients who received it in an early-stage trial.

Tech Lab by Hiawatha Bray

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Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung

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Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.

Innovation Economy by Scott Kirsner

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Kirsner’s Innovation Economy column appears in the Boston Sunday Globe, and he contributes to the Globe’s Beta Boston website.