Archive for April 2023
Marketing tech firm Semrush hiked its CEO pay fivefold in 2022
The software-as-a-service provider raised $140 million in 2021 when it went public through a traditional initial public offering, or IPO. Read More
Read MoreCitizens Bank reports 3% dip in deposits during Q1 amid market turbulence
Other U.S. regional banks saw deposit declines of between 3% and 11% in wake of multiple bank failures. Read More
Read MoreMassachusetts has the fifth-highest average down payments for houses in the country
It’s another indicator of the state’s housing affordability challenges, particularly for first-time buyers. Read More
Read MoreBoston firms increased revenue in 2022, but some still dropped on Am Law list
Boston’s four biggest corporate law firms all increased revenue last year—but for two firms, that revenue bump wasn’t enough to boost them up The American Lawyer’s annual list of the 100 biggest U.S. firms. Read More
Read MoreMass.-based 6K Energy to invest $200M-plus in Tennessee
Construction on the 6K Energy plant in Jackson, Tennessee, is scheduled to begin in July. Initial production could start in October 2024. The full-scale manufacturing of battery materials — 13,000 metric tons per year — is expected in 2025. Read More
Read MoreBoston’s millionaire count has jumped 50% in 10 years
The number of millionaires in Boston has risen 50% in the last decade to more than 40,000, putting the city seventh nationally and 26th worldwide. Read More
Read MoreNortheastern student creates flexible storage startup
Need a short-term storage option for your things? We’re looking at you, college students with leases ending August 31 who can’t move into their new place until September 1. This new startup has you covered. Read More
Read MoreEconomist: Five policies that could make future bank failures less likely
The ideas floated within a month of Silicon Valley Bank’s collapse range from calls to tweak banking regulations to a major overhaul of the government’s oversight of the banking system. Read More
Read MoreGut-check time: How a Cambridge biotech pioneered a new kind of drug
Seres Therapeutics weathered ups and downs over the past decade as it developed drugs that use gut bacteria to treat disease. Read More
Read MoreEditorial: Tax cuts needed now, and not watered down
The BBJ’s latest editorial strongly urges senators to keep in place the tax cuts that already have been proposed by Healey and the House, and avoid watering them down. Read More
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