Saturday, November 23, 2024 | Baltimore, MD
Baltimore, MD
43°
Partly Cloudy
FOLLOW US:

Business

Aerial View Over Baltimore Downtown City Skyline Inner Harbor
What Warren Buffett learned when he bought into Baltimore

In 1966, when investors Charlie Munger and Warren Buffett bought Baltimore’s Hochschild Kohn department store, the news dutifully appeared on the financial page of The Baltimore Sun. The names Buffett and Munger were largely unknown. Buffett had just bought Berkshire Hathaway the year before. He was 35 when he acquired Hochschild’s and was just on his way to becoming one of the richest men in the world. He and his partner, on the advice of one of his New York friends related to the family that owned Hochschild Kohn & Co., purchased the store that sat on the corner of Howard and Lexington streets.

Cruise lines are having a moment as a popular — and cheaper — alternative to hotels

The demand for cruises is still going strong — and it doesn’t appear to be letting up anytime soon. The industry was the last to recover from the Covid pandemic, but once it did, it has been enjoying strong pricing and booking momentum. While pricing growth is starting to normalize somewhat, it is still well above the rate of inflation, said Patrick Scholes, travel and leisure analyst at Truist.

Read More: CNBC
Amazon Fresh to open first Greater Baltimore store

Amazon Fresh is planting a flag in Greater Baltimore. The high-tech grocery chain will open Nov. 7 in Glen Burnie at 6711 Ritchie Highway with fresh produce, meats, seafood, prepared foods and pantry items. It will be the first Baltimore-area location of the brick-and-mortar grocery chain from Seattle-based Amazon — and will feature over 35 local and regional brands like Tessemae’s and True Made Foods.

MD Stem Cell Research Fund issues grant to Regenerative Orthopedics & Sports Medicine

The Maryland Stem Cell Research Fund has issued a grant to Washington-based Regenerative Orthopedics & Sports Medicine (ROSM) for non-surgical orthopedic research, aimed at advancing treatments for partial-thickness rotator cuff tears using orthobiologic procedures. The two-year randomized, placebo-controlled trial, set to conclude in December 2026, will explore the efficacy of microfat stem cells in treating rotator cuff injuries, an issue that affects more than 2 million Americans annually.

Redwood Charlie’s moving into former Telltale Restaurant space at Baltimore hotel

A downtown restaurant space inside a hotel is getting new life. Redwood Charlie’s will take the place of the former Telltale Restaurant at the recently opened Sonesta Hotel Baltimore Inner Harbor at 1 E. Redwood St. Kim Pabst, the restaurant’s general manager, and her husband Bill, who will oversee the business behind the scenes, hope to open the restaurant next month.

Read More: WBALTV
Beautiful summer day in Baltimore's Inner Harbor
Baltimore tourism officials aim for future growth of visitor industry

Tourism in Baltimore is on its way back, but investment in the city’s aging convention center will be critical to compete with nearby destinations vying for big meetings and events. That was the message the city’s convention and tourism bureau delivered to several hundred hospitality professionals, elected officials and others at Visit Baltimore’s annual meeting Thursday afternoon.

Read More: Baltimore Sun
MD ‘Apprentice Connect’ launched to strengthen statewide workforce pipeline

Maryland Apprenticeship Connector (MAC) announced the launch of “Apprentice Connect,” a new website designed to serve as a comprehensive resource for employers, educators, and career seekers interested in Maryland’s apprenticeship opportunities. The launch of Apprentice Connect is funded through the Maryland State Department of Education’s (MSDE) Maryland Works Grant to invest in foundational systems and processes needed to structure and sustain high-quality college and career pathways that are responsive to market demand.

Chesapeake Bay-area lawmakers call for action on imports of Venezuelan crabmeat

Maryland and Virginia lawmakers have sent a letter to President Joe Biden calling for his administration to address an “influx of crabmeat from Venezuela, which has threatened the viability of local fisheries across the Chesapeake Bay.” The officials, including Maryland Sens. Chris Van Hollen and Ben Cardin, as well as several Maryland Reps., called on Biden to direct the U.S. International Trade Commission to investigate any harm caused by the imports, recommend remedies and “use the full array of informal activities available” to address the problem, including “negotiations, utilization of World Trade Organization Committees, bilateral dialogues, and other activities.”

Read More: Baltimore Sun
This was captured well waiting for the doctor who was busy at the time
Health systems find new ways to combat staff shortages, gaps in care

At The Johns Hopkins Hospital, officials are making adjustments — from offering preferred schedules and peer-to-peer psychological first-aid to providing wellness spaces equipped with aromatherapy and massage chairs — to meet a “generational shift” in workers’ priorities for flexibility and work-life balance. The University of Maryland Medical School is launching new medical training programs in metro Baltimore and the Eastern Shore to add staff in areas that need more providers.

Boeing machinists reject new labor contract, extending more than 5-week strike

Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than five-week strike that has halted most of the company’s aircraft production, which is centered in the Seattle area. The contract’s rejection by 64% of the voters is another major setback for the company, which warned earlier Wednesday that it would continue to burn cash through 2025 and reported a $6 billion quarterly loss, its largest since 2020.

 

Read More: CNBC

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.