Several fair housing organizations accused Redfin of systematic racial discrimination in a lawsuit Thursday, saying the online real estate broker offers fewer services to homebuyers and sellers in minority communities
The U.S. economy grew at a record 33.1 percent annual rate in the July-September quarter but has yet to fully rebound from its plunge in the first half of the year — and the recovery is slowing as coronavirus cases surge and government aid dries up.
U.S. home prices posted a robust gain in August, but according to the Case-Schiller Index Boston isn’t experiencing price jumps like the nation’s hottest markets.
The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing one-third of its store base.
Washington negotiations on a huge COVID-19 relief bill took a modest step forward on Tuesday, though time is running out and Senate Majority Leader Mitch McConnell, President Donald Trump’s most powerful Senate ally, is pressing the White House against going forward.
U.S. home construction rose a solid 1.9 percent in September after having fallen in the previous month, as home building continues as one of the bright spots of the economy.
House Speaker Nancy Pelosi reported some progress in advance of a Tuesday deadline for reaching a pre-election deal with President Donald Trump on a new coronavirus relief package, but the same core problems bedeviling the effort remain in place despite optimistic talk from the president and his team.
More Americans than ever obtained a basic bank account in 2019, the Federal Deposit Insurance Corp. said Monday. But data was gathered before the outbreak of the coronavirus pandemic and start of this historic recession.
Housing activists marched to Gov. Charlie Baker’s home in Swampscott on Wednesday to call on him to support more robust protections against evictions and foreclosures during the ongoing coronavirus pandemic.
Recent trends have raised the specter of a period of widespread long-term unemployment that could turn the viral recession into a more painful, extended downturn as job skills erode and financial lives get upended by long-term unemployment.
Morgan Stanley will buy Boston-based investment management firm Eaton Vance in a deal valued at about $7 billion.
Citigroup has agreed to pay a $400 million fine imposed by U.S. regulators for failing to shore up the bank’s operations.
A $56 million settlement that requires the natural gas utility found responsible for a series of explosions and fires in Massachusetts in 2018 was approved by the state Department of Public Utilities.
In the latest blow to the beleaguered film industry, the second-largest movie theater chain in the U.S. is temporarily shuttering its locations Thursday.
Stocks are pulling lower Friday, as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench.
A convicted bank robber from Rhode Island fraudulently obtained $600,000 in forgivable federal business loans and spent $30,000 in Las Vegas before being caught, federal prosecutors said Tuesday.
Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made suggesting it is difficult to find qualified Black executives in the financial industry.
Massachusetts’ senior senator is calling for greater regulation of banks in the wake of new revelations that megabanks have continued to profit from money laundering and other illicit dealings despite warnings from regulators.
With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer.
The nation’s unemployment safety net is looking increasingly shaky, with a $300-a-week federal jobless benefit from the Trump administration running out just weeks after it began and millions of laid-off Americans nearing an end to their state unemployment aid.