Taiwan Plans $4 Billion Texas Park for AI Chip Suppliers
Taiwan plans a Texas AI industrial park costing up to $4 billion for TSMC and Foxconn suppliers, a day after TSMC posted record Q3 revenue of $46.7 billion.
Business & Finance
Business and finance news from The Boston Report: companies, IPOs, bankruptcies and deals, including Boston-area business, explained so you get the key facts.
The Sports Bra Boston Picks 2 Broad Street Downtown
Sports Bra Boston, the women’s sports bar franchise, will open at 2 Broad Street downtown in a 3,243 sq. ft. space. Owners, timeline and what fans can expect.
State of the U.S. Economy: Growth, Jobs, Prices and the Fed, Explained
State of the U.S. economy, Oct. 16, 2026: 2.2% GDP, 4.2% jobless rate, 3.7% CPI, Fed at 3.75 to 4 percent, $110 Brent and $40T debt, explained.
Motor Mart Garage Sells for $89 Million in Back Bay
Related Beal and Freeport Equity bought the Motor Mart Garage in Back Bay for a reported $89 million, 45% below CIM Group’s 2016 price. What changes next.
U.S. Economic Policy Explained: Tariffs, $2 Trillion Deficit and a Cooling Job Market
U.S. economic policy in Oct. 2026: tariffs after the IEEPA ruling, a $2.0 trillion deficit, funding to Dec. 11, September jobs and Massachusetts data.
Stock Market Today: S&P 500 Falls 1.1% as Hot CPI Lifts Fed Hike Bets
Stock market today: S&P 500 fell 1.11% to 7,718.94 on Oct. 14 after hot CPI. Nasdaq -1.88%, 10-year near 5.2%, Brent $106, gold $4,108, dollar up.
Fed Interest Rate Outlook: Hot September CPI Lifts Odds of an October Hike
Fed interest rate at 3.75% to 4.00% after a 12-0 September hike. September CPI hit 3.7%, lifting Oct. 28 hike odds. Dot plot, Warsh quotes, PCE.
Container Ship GFS Pride Sinks in Strait of Hormuz as Iran Steps Up Attacks
The Singapore-flagged GFS Pride sank in the Strait of Hormuz after a projectile strike; all 21 crew were safe as attacks on shipping surge.
Russia Diesel Deal Equals About 10 Days of U.S. Demand, Analysts Say
The Russia diesel deal adds 4.8M tons, about 10 days of U.S. demand. Goldman sees $1-$2/bbl relief; New England diesel sits at $6.44.
Union Oyster House Sale Is Final as Fertitta Family Takes Over
The Union Oyster House sale to Houston’s Fertitta family closed Oct. 1, ending Joe Milano’s 56 years as owner of America’s oldest restaurant.