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‘Some cars have a shelf life of days’: Falling prices give a jolt to used EV market

Inventories of used EVs are rising and prices are falling, while many consumers are taking advantage of federal and state subsidies.

AT&T says the outage to its cellphone network was not caused by a cyberattack

The outage, which the company said was the result of a technical error, knocked out cellular phone service for thousands of users across the US.

Vice Media says ‘several hundred’ staff members will be laid off, Vice.com news site shuttered

Once a swashbuckling media company geared to a younger audience with an immersive storytelling style that encompassed digital, television, and film outlets, Vice was valued at $5.7 billion in 2017.

THE RI FOOD CLUB NEWSLETTER

A century-old company just bought Bayberry Beer Hall, a popular hang out in Providence

Morin’s Hospitality Group, a longtime family business founded in 1911 in Attleboro, Mass., has purchased the beer hall in Providence and has plans to transform the space.

Larry Edelman | Trendlines

How can Healey stop the Steward crisis from spreading? Remember the lesson of Lehman Bros.

OK, the Steward-Wall Street analogy is a stretch. But the underlying moral is the same: Cooperation between the state and hospital leaders might mitigate much of the shock from a Steward shutdown.

TALKING POINTS

Vineyard Wind now generating power

Stories you may have missed from the world of business.

In Watertown visit, Senator Warren and FTC head Lina Khan look to jumpstart right-to-repair

“The people of Massachusetts have spoken to this issue by a margin of three to one and, by golly, they ought to have the right to repair that they voted for,” said Warren, during a tour of Direct Tire & Auto in Watertown.

Stocks rally as AI craze sweeps across the world

The stock rally powered ahead as Nvidia Corp.’s bullish outlook rekindled the artificial-intelligence mania and data showed the world’s largest economy is still going strong.


IRS to crack down on corporate jet users who abuse tax code

The scrutiny of corporate jet use will involve new data analytics tools to determine when executives or other company officials might be using corporate planes for vacations and private trips.

Google suspends Gemini AI chatbot’s ability to generate pictures of people

Gemini users this week posted screenshots on social media of historically white-dominated scenes with racially diverse characters that they say it generated, leading critics to raise questions about whether the company is over-correcting for the risk of racial bias in its AI model.

Remember your landline? In these Massachusetts households, they’ve never stopped ringing.

In cases of emergencies, like Thursday's AT&T outage, landlines are still the most reliable way to communicate. But many have held on to the retro technology for reasons of comfort, simplicity, and nostalgia.

Teens call on Stop & Shop to use consumer data profits to erase price inequities at stores

The group’s demand comes nearly a year after it probed the effects of inflation on low-income families, and found price disparities at local Stop & Shop stores.

Stop & Shop responds to Boston youth group’s letter on price inequities

The company stuck to its pricing strategy in a written statement Thursday morning, calling the public letter “misleading.”

Applications for US jobless benefits fall again as labor market powers on

Massachusetts reported 5,257 new “advance” initial claims for unemployment insurance last week.

Moderna stock rises as COVID shot gains market share on Pfizer

Shares of the Cambridge-based biotech were up in early trading Thursday after the company reported fourth-quarter revenue that beat analysts’ expectations by gaining COVID vaccine market share on its main rival.

innovation economy

The housing market is a nightmare. An Andover startup wants to use robots to help fix it.

Reframe Systems wants to leverage robots working alongside humans in an assembly line to build small houses in a factory and then truck the houses to a site.