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Stocks slip on Wall Street as worldwide rally takes a pause

The S&P 500 was 0.5 percent lower in morning trading, a day after inching up to its second straight all-time high. The Dow Jones Industrial Average was down 240 points, or 0.8 percent.

Latest Business Headlines

Biden ordering stopgap help as talks start on big aid plan

President Joe Biden plans to take executive action Friday to provide a stopgap measure of financial relief to millions of Americans while Congress begins to consider his much larger $1.9 trillion package to help those affected by the coronavirus pandemic.

Barbara Erickson, CEO of Trustees of Reservations since 2012, dies from rare form of cancer

Erickson, who was 42, had led the Trustees since 2012, and was only the fourth person — and first woman — to hold the job since the organization was founded in 1891.

Opponents continue push against Maine power project

Stories you may have missed from the world of business.
Shirley Leung

Restaurant reservations are off 78 percent, business foot traffic is down 50 percent. Should Boston loosen COVID-19 restrictions?

Since mid-December, Boston has rolled back its economy further than the state by closing museums, gyms, movie theaters, and other businesses. These restrictions are set to expire Wednesday, and city officials are weighing whether to extend them again.

Developer eyes another million square feet of labs, offices, and apartments for Harvard project

Tishman Speyer won one of the most sought-after development prizes in Boston when Harvard selected the company from a list of nearly 20 bidders to oversee development of 14 acres across from Harvard Business School.
VACCINE TRACKER

The latest on COVID-19 vaccine front-runners

Moderna runs into vaccine supply chain problems, Johnson & Johnson prepares to release early data, and more.

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

Biden fires Trump-appointed labor board general counsel who refused to resign

Labor groups celebrated Peter Robb’s dismissal and hailed it as a welcome departure from Trump administration policies they deemed hostile toward workers and unions.

Student loan companies return to court to collect on private education debt

Attorneys for some of the largest private education debt creditors have filed dozens of lawsuits in several states since at least the summer.

Trump reveals extent of pandemic damage to business empire

Revenue from the former president's Washington and Las Vegas hotels are down by more than half.

New unemployment claims remain high in latest weekly report

The Labor Department said 961,000 workers filed initial claims for state unemployment benefits last week. On a seasonally adjusted basis, new claims totaled 900,000.

In the offshore wind industry’s East Coast arms race, Mass. falls behind New York

As the Buffalo law firm Hodgson Russ puts it, the new Equinor contracts, backed in part by BP, position New York as the “undeniable center of gravity” for the burgeoning industry in United States.

Working from home probably won’t get you a tax break

Experts say the notoriously tricky federal deduction generally only applies to the self-employed.

Stocks drift to mixed close; S&P 500 ekes out another record

The S&P 500 edged up just one point, enough to mark another record high. The Dow and other market measures fell, as did most stocks.

Revenue at Trump hotels, resorts hit hard by COVID-19 pandemic

Donald Trump is returning to a family business ravaged by pandemic shutdowns and restrictions, with revenue plunging more than 40 percent at his Doral golf property, his Washington hotel, and both his Scottish resorts.

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