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Service sector growth surges to all-time high in May amid pandemic rebound
Growth in the services sector, where most Americans work, hit an all-time high in May.
Average mortgage rates flat to higher as 30-year rate ticks up
Mortgage rates were flat to higher this week. The benchmark 30-year home loan remained below the 3% mark amid continued positive indications of the economy’s recovery from the pandemic recession.
University of Maryland honors five exporting businesses for resilience during COVID-19
The University of Maryland’s Center for Global Business honored five Maryland-based exporters for their resilience during the pandemic.
Transamerica expands mutual fund lineup for retirement investors with 5 R6 Shares
Transamerica announced Thursday the launch of new R6 retirement share classes for five existing Transamerica mutual funds. The new R6 shares are available to retirement investors in employer-sponsored retirement plans, […]
Inky Technology launches channel partner program
College Park-based email phishing protection company Inky Technology Corporation Thursday announced the formal launch of its channel partner program for Managed Security Providers (MSPs) and Value-Added Resellers (VARs). This program […]
Home audio retailer Just Audio relocating to Greenleigh
Home audio store Just Audio announced Thursday it has signed a lease with St. John Properties Inc. for 4,974 square feet of space at Greenleigh and will relocate its operations […]
COPT, Blackstone Real Estate form $119M joint venture
Corporate Office Properties Trust (COPT) Thursday announced the formation of a new joint venture with funds affiliated with Blackstone Real Estate, acquiring a 90% interest in two single-tenant, data center […]
MEA to award $750K in Maryland Smart Energy Communities grants
The Maryland Energy Administration (MEA) Thursday announced more than $750,000 for 16 grantees to assist in funding 22 energy projects. It is estimated that collectively the projects will result in annual energy […]
Annapolis firm McCrone acquires Hartwell Engineering
Annapolis-based engineering firm McCrone announced Thursday the acquisition of Hartwell Engineering, an electrical engineering firm formally based in Stevensville. Terms of the deal were not disclosed. The three new employees […]
Third Exxon Mobil board member unseated as shareholders continue climate fight
Exxon Mobil shareholders have unseated a third board member in their bid to force the oil giant to deal more aggressively with climate change.
Unemployment claims drop to another pandemic low
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens.
M&T, Aspen Institute to aid grassroots initiatives in Baltimore
A pilot initiative sponsored by M&T Bank and the Aspen Institute will award 10 individuals or organizations in Baltimore with $7,000 grants to put towards community-building work in the city. The initiative, called the Weaver Awards, is a part […]
