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CHESTO MEANS BUSINESS

Egg industry warns of shortage in Mass. without legislative action

If eggs disappear from stores or skyrocket in price next January, as predicted by major egg producers, you can chalk it up to a quirk in Massachusetts law.

Latest Business Headlines

An Amazon warehouse at Widett Circle? Boston deserves better

The pandemic has exacerbated entrenched inequities between rich and poor, Black, Latino, Asian and white. A lot of things must happen to change that. Putting a massive Amazon warehouse on what could be prime real estate isn’t one of them.

The economy added 379,000 jobs in February as unemployment drops slightly

The level surpassed analysts’ estimates but remains below the rate needed to regain the more than 9 million jobs lost since last year.

Here’s a look at who’s running the state’s mass vaccination sites

Some of the executives running the state’s mass vaccination sites believe that their entrepreneurial mindset and ability to scale operations quickly gives them an advantage. The state apparently agrees.

Fed Chair Powell offered a patient message. Markets quivered anyway.

Federal Reserve Chair Jerome Powell said he and his colleagues have a “high standard” for what full employment means, underscoring that the central bank is likely to be patient in removing its support for the economy.

US added a strong 379,000 jobs in February as hiring rebounded in hopeful sign for economy

The February gain marked a sharp pickup from the 166,000 jobs that were added in January and a loss of 306,000 in December. Yet it represents just a fraction of the roughly 10 million jobs that were lost to the pandemic.
VACCINE TRACKER

The latest on COVID-19 vaccine front-runners

A number of drug companies and labs are looking to develop COVID-19 vaccines. Find updates on estimated efficacy, clinical trial timelines and dose regimens.

On the Street

Chelsea
In tackling the pandemic, Chelsea finds new strength
As a second wave of the pandemic rises, many people in Chelsea are starting to think about how to steer the city through the recovery that will someday come, and ensure that any rebound benefits those who most need support.

Brockton
Brockton offers a gateway to a new generation
The city’s resurgence has been a long time coming. As it arrives, many say it must make sure to include those who live in Brockton now.

Click here to explore the full series

More business headlines

Where city leaders once saw a potential Olympic stadium, Amazon eyes a massive distribution center

The new owners of Widett — just south of downtown between South Boston and the Southeast Expressway ― are in serious talks with the e-commerce giant about building a shipping hub on the roughly 20-acre site, according to several people familiar with the discussions.

Mass General Brigham names CFO, treasurer

Stories you may have missed from the world of business.

State, city embark on a million-dollar study to improve Morrissey Boulevard corridor

The hope is to use the study’s findings to determine and coordinate the mitigation efforts requested of developers as they propose new projects along the corridor.

Texas watchdog says power grid operator made $16b error

A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two days during last month’s energy crisis, resulting in $16 billion in overcharges.

Unemployment claims climb again as storms hamper a slow recovery

Initial jobless claims rose last week, the Labor Department reported Thursday, after a big drop in the previous week.

US suspends tariffs on UK goods in Airbus-Boeing dispute

The decision means goods like Scotch whisky, biscuits, and clotted cream can be imported to the United States from Britain without being subject to an additional 25 percent duty.

State launches new measures to speed up unemployment claims, protect against fraud

The state’s beleaguered Department of Unemployment Assistance is launching new security measures to protect against fraud and speed up the identity verification process.

Fed predicts shortages from nurses to chips and containers

The Federal Reserve is seeing a lot more shortages across the US economy, in ways that might be construed as early warning signs of inflation if they persist.

database

See all the Mass. companies approved for PPP loans

A full list of the local companies and non profits that have been awarded money from the federal government’s small business loan program.
Most PPP money in Mass. went to a small number of companies What we know about PPP in the federal stimulus bill