Business

One of the country’s largest startup accelerators is starting a new program in Baltimore shortly after a large round of national layoffs. Techstars is establishing an accelerator focused on health care and artificial intelligence in partnership with CareFirst BlueCross BlueShield and Johns Hopkins University. The new accelerator began accepting applications on Monday.

Hoar Construction Thursday announced the completion of an 80,000-square-foot industrial building in Glen Burnie, close to the Baltimore/Washington Thurgood Marshall International Airport. Hoar served as general contractor on the project, which broke ground in August 2023 and is owned by Chicago-based private real estate investment firm Brennan Investment Group.

Washington Commanders owner Josh Harris said Sunday night he is hopeful a new stadium can open in time for the 2030 season. “There’s no way to predict a specific date, but I think that’s a reasonable target,” he said before the team’s final preseason game. The team’s contractual obligations at Commanders Field end in 2027, but the Commanders can continue playing there indefinitely.

Max Green’s childhood in Cumberland was filled with constant reminders of those who’d already left. The abandoned Footer’s Dye Works factory. The shuttered storefronts along Baltimore Street. The dozens of vacant Victorian homes downtown. Green and his friends grew up hearing a steady refrain from their parents and teachers: “There are no jobs here.”

Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. The new plan is an “insurance policy” for the automaker to be able to expand its growingly popular hybrid models and create more affordable EVs that it believes will deliver a more capital-efficient, profitable electric vehicle business for the company and investors, according to Marin Gjaja, Ford’s chief operating officer for its Model e EV unit.

Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The company’s shares spiked 35% on Thursday. The beleaguered connected fitness company, which two board members have run since former CEO Barry McCarthy resigned earlier this year, saw sales grow by 0.2% during its fiscal fourth quarter.

Nearly five years after Fuddruckers served its last burger and fries in downtown Silver Spring, the hamburger chain is planning to reopen in its former location on Ellsworth Drive. On Monday, Houston-based Fuddruckers posted on social media that it would open new locations this fall in Silver Spring and Washington, D.C.’s Chinatown.

There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession? A few facts worth considering: By the time the 2009 revisions came out (824,000 jobs were overstated), the National Bureau of Economic Research had already declared a recession six months earlier.