City Boston Financial News
25.12 / 08:21
COST
MET
Nordstrom
reports
Department
Relationships
Saks clients complained about stylist long before he was accused of $400,000 scam
a criminal complaint the Boston Police Department filed this month with the city’s Municipal Court. The complaint said Kwatra then transferred the money from the refunds onto store gift cards and subsequently purchased merchandise with those gift cards.The Saks officials gave police a letter they said Kwatra wrote, estimating total losses at more than $400,000.
11.05 / 01:25
UPS
students
Universities
country
Schools
Colleges
The only thing harder than getting into college is getting off the wait list
Subscribe to enjoy similar stories.The University of California, Berkeley had almost 6,500 students on its wait list last year. It ended up admitting none of them.The only thing harder than getting into college, it seems, is getting off the wait list. At some schools, the wait list is far more selective than the college’s overall acceptance rate.
24.04 / 09:25
markets
UPS
Reuters
Research
show
Courts
Updates
Legal AI tools used by law firms have a propensity to hallucinate—can anything be done?
Subscribe to enjoy similar stories.A few days ago, the law firm Sullivan & Cromwell apologized to the chief judge of Manhattan’s US Bankruptcy Court for a court filing with AI-hallucinated citations. Andrew Dietderich, co-head of the firm’s global restructuring group, wrote the judge that the firm’s “comprehensive policies and training requirements governing the use of AI tools” had not been followed. A secondary review process also failed.
02.04 / 01:09
markets
PwC
Research
wellness
War
reports
Updates
India's top consulting and audit firms hit by AI and war; job cuts, hiring freeze loom
Consulting and auditing companies in India are clamping down on hiring or letting people go on the back of the impact of artificial intelligence and a poor pipeline of work from clients because of the domino effect of the West Asia war.Goliaths of the business—Bain & Co., Boston Consulting Group, McKinsey & Co., Accenture and Kearney, along with auditing giants PwC, EY, KPMG and Deloitte—have held meetings on the war and how it would affect the India headcount.“Over the last two weeks, we had meetings with senior partners and the impact of the war on business was discussed. Lateral hiring has stopped for us, unless critical, and we have been told that cost cuts are on the anvil,” said a senior partner in the consulting team of a Big Four firm.“While strategic consultants are not impacted yet, those who worked in the research teams and production services will be impacted.
10.01 / 00:29
Target
Research
Healthcare
patient
medicines
symptoms
Mint explainer: Dr ChatGPT is here. What does it mean for users and healthtech?
Subscribe to enjoy similar stories. On 7-8 January, OpenAI rolled out two healthcare products: ChatGPT Health for users and ChatGPT for Healthcare, for organizations in the industry. While ChatGPT Health is an extension of the existing chatbot, offering a space dedicated for health, the latter aims to automate workflows for healthcare organizations, a niche where Indian healthtech firms have attracted investor interest.
07.01 / 01:01
markets
UPS
Strategy
students
reports
Schools
Global slowdown, India boom: Consulting firms ramp up hiring at top B-schools as demand for management talent rises
Consulting firms are queuing up at top-tier business schools with surprising hiring numbers, especially after artificial intelligence impacted employee figures in some of these very companies, according to the Indian Institutes of Management (IIMs), which are among the prominent recruitment grounds for these companies.“We started our final placements earlier and till now 492 of 594 students have been successfully placed, reflecting steady progress in a competitive market environment,” said Debashis Chatterjee, director IIM Kozhikode. “This year witnessed a strong resurgence in consulting and finance roles, with consulting offers rising by nearly 60% and finance roles by about 10%.”These offers are driven by India’s growing role in complex, AI-driven work.
27.12 / 04:27
markets
Williams
Updates
How AI is making life easier for cybercriminals
William Boston is a writer in Berlin. He can be reached at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
04.12 / 16:37
UPS
Citi
FIFA
President
country
Relationships
The World Cup is coming to America—and It has a plan to keep Trump onside
Subscribe to enjoy similar stories. The plans for next summer’s World Cup had been brewing for nearly a decade by the time Gianni Infantino, the president of soccer’s world governing body, stepped into the Oval Office last month.
05.04 / 17:29
UPS
Booking
Odyssey
Universities
social
reports
2025, a disappointing odyssey: This is not the future we expected when we read sci-fi as kids
Brunner eschews conventional plotting. Instead, we get postcards from the future, a world on fire, ravaged by climate change and ecocide.
01.04 / 20:25
Action
security
shooting
Basketball
Auburn
reports
Features
NCAA basketball: Michigan State's Tre Holloman, Gehrig Normand enter transfer portal
Michigan State’s Elite Eight run, has entered the transfer portal. The 6-foot-2 guard from Minneapolis averaged 9.1 points and 3.7 assists per game, shooting 37.3 per cent from the field. Holloman, a team captain, started 16 of the Spartans’ 37 games this season before moving to the bench in February. He, as per reports, shared point guard duties with redshirt freshman Jeremy Fears. He played alongside Jaden Akins and Jase Richardson in the backcourt. According to Spartan Mag, his impact included a buzzer-beating three-pointer against Maryland. He helped Michigan State secure the Big Ten regular-season title. However, in the Spartans’ season-ending loss to Auburn (70-64), Holloman struggled. He just scored two points on 0-for-10 shooting. With Michigan State’s rosters in flux, Holloman will explore new opportunities but retains the option to return before the April 22 deadline.
01.04 / 20:25
Platform
security
WhatsApp
performer
information
Features
Updates
NSA issues new warning iPhone and Android users, advices to update THIS critical setting for enhanced security
Signal. According to the NSA advisory, many users believe app weaknesses are core to their warning, yet the agency emphasizes that user activities remain the main security concern. Users need to manage their settings cautiously to stop their data from unintentionally revealing itself during use, according to the agency.
28.03 / 05:47
markets
Waves
Morningstar
Research
wellness
President
What we lose when the world goes all-in on index investing
When Carol Geremia, president of Boston-based mutual fund company MFS, started in the business 40 years ago, the investing world was in a dark and different place.
28.03 / 04:09
Citi
BLOCK
SUN
Experts
country
prevention
Surya Grahan 2025 date and time: Will it be visible in India? Is Sutak Kaal applicable? Precautions for pregnant women
partial solar eclipse is set to take place on Saturday, March 29, marking the first solar eclipse of 2025. The event occurs when the Moon moves between the Earth and the Sun, partially blocking sunlight and casting a shadow on parts of the Earth. According to NASA, the eclipse will be visible across regions of Europe, Asia, Africa, North America, South America, and the Arctic.
28.03 / 02:11
UPS
WhatsApp
President
Fed's Collins says it is clear tariffs will drive inflation up near term
Federal Reserve Bank of Boston President Susan Collins said on Thursday that Trump administration tariffs will drive up inflation in the U.S. but it is unclear how persistent that upward pressure will be. «It looks inevitable that tariffs are going to increase inflation in the near term» and it seems more likely than not the jump will be short lived, she said in an appearance in Boston.
27.03 / 02:53
UPS
BLOCK
Merit
President
exclusive
Courts
Trump administration spending freeze will remain blocked, US appeals court says
The ruling by the U.S. Court of Appeals for the First Circuit leaves in place a lower court order blocking Trump's freeze on $3 trillion in federal grants, loans and other financial aid while the government appeals. The ruling by the court in Boston is the first time an appeals court has weighed in on the legal merits of the spending freeze, one of several marquee Trump policies held up by litigation. U.S. District Judge John McConnell issued an injunction blocking the freeze on March 6, saying the Trump administration had overstepped its authority. In its 48-page decision Wednesday, a panel of three appeals court judges unanimously rejected the administration's argument that McConnell's ruling was too broad.
25.03 / 17:57
Citi
Provident
BLOCK
SUN
cover
reports
Solar Eclipse 2025: Will clouds disrupt the March 29 celestial view? Weather forecast for the US and Canada
March 29 Solar Eclipse 2025. Weather, however, is still an essential condition that will determine whether enthusiasts in the entire northeastern United States and eastern Canada will view the partial eclipse without impediments.
24.03 / 01:09
markets
security
economy
wellness
Trade
War
Interviews
There is lot of uncertainty; cash holdings are rising: Ronald O'Hanley, State Street
US tariff war, said Ronald O'Hanley, chairman and chief executive officer of State Street, one of the world's largest custodian banks and asset managers. In an interview with Nishanth Vasudevan during his visit to Mumbai last week, Boston-based O'Hanley spoke about the US economic outlook, China and India's instant equity trade settlement plans among various topics. Edited excerpts: There seems to be a lot of uncertainty among investors around the tariff war ignited by the US. What is your reading?
22.03 / 03:09
markets
DOW
economy
Trade
President
Dow, S&P end flat, Nasdaq snaps four-week decline on tariff hopes
tariffs expected to begin in early April may not be as burdensome as feared. Trump said there will be flexibility on tariffs and that his top trade chief plans to speak with his Chinese counterpart next week. The president also reiterated his plan to use duties as a way to narrow the U.S. trade deficit with China.
19.03 / 17:41
Waters
community
wellness
Fishing
exclusive
dance
rights
Ocean views, fish, therapy, zero drama
African penguins at the New England Aquarium in Boston. These senior seabirds have scored the ultimate retirement gig: chilling on their private island, blissfully removed from the chaotic flippers of the younger crowd. In this exclusive retreat, six distinguished penguins in their 30s (ancient by penguin standards) enjoy the slow lane.
18.03 / 20:51
Platform
Caseys
Anthem
band
show
concert
Interviews
Long-running Boston band Dropkick Murphys suspended by Elon Musk from X; here's what they did
Dropkick Murphys found themselves locked out of their X (formerly Twitter) account this week following a string of sharp critiques aimed at Donald Trump, Elon Musk, and their supporters—a move critics likened to censorship tactics seen in authoritarian regimes. The suspension, which occurred late Monday, came after frontman Ken Casey doubled down on his years-long disdain for Trump during interviews and explosive concert moments, culminating in what fans call a “political silencing” under Musk’s ownership.
14.03 / 07:35
Ball
DISH
RPG
stars
Miami Heat vs. Boston Celtics: Can Miami end its losing streak? Check stats, time, and game details
Despite their recent struggles, Heat coach Erik Spoelstra remains optimistic. «We’re at our best when we don’t fear anyone,» Spoelstra said. «It just takes a win to get back on track.» When asked about the mental toll of their skid, Spoelstra challenged his players: «You have to reveal your competitive character. You can either give in or use adversity to find something better. You always have a choice.»
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