Business

JPMorgan Chase & Co. recently opened up a branch on land owned by Woodholme Country Club, giving the club funds that a past club president said will “assure [its] survival in the future.” The branch is the latest opened from Chase, which has been opening locations all over the state as part of an aggressive expansion. The branch, located at the corner of Reisterstown Road and Woodholme Avenue in Pikesville, is the result of years of work by the country club and bank to get the proper zoning approvals from Baltimore County for the project.

Never ones to be outdone, the organizers of the Kentucky Derby are increasing the purse of America’s most famous thoroughbred race to $5 million, placing it just behind the $6 million Breeders’ Cup Classic as one of the richest races run in the country. Last year’s Run for the Roses, the first leg of horse racing’s Triple Crown, was contested for $3 million, the biggest prize of any race in the series.

With just over a month to go before City Council members start holding hearings on a private company’s $500 million plan to redevelop Harborplace, a group of Baltimore residents has formed a citizens’ coalition to promote an alternative vision. The Inner Harbor Coalition is the name of a group that has been created to block MCB Real Estate’s plan to replace the existing Harborplace pavilions with two residential towers and other commercial development, and to show other ways the prime waterfront parcel can be revitalized.

North Bethesda’s Choice Hotels International Inc. (NYSE: CHH) is launching the largest marketing campaign in its 84-year history — and it brought on actor and writer Keegan-Michael Key to star. Choice says the new “A Stay for Any You” campaign features national TV and streaming ads as well as social media content that will run through the end of the year.

Millions of gig workers, janitors, home-care workers, construction workers and truckers could be considered employees rather than independent contractors under a final rule announced Tuesday by the Labor Department. The rule effectively expands the reach of federal labor laws that require employers to extend certain benefits and protections to workers classified as employees.

Meta said Tuesday it will start hiding inappropriate content from teenagers’ accounts on Instagram and Facebook, including posts about suicide, self-harm and eating disorders. The social media giant based in Menlo Park, California, said in a blog post that while it already aims not to recommend such “age-inappropriate” material to teens, now it also won’t show it in their feeds, even if it is shared by an account they follow.

Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said Monday she’s adjusted her stance somewhat and indicated that interest rate hikes are likely over. However, she said she’s not ready to start cutting yet. In remarks delivered at a private event in South Carolina, Bowman noted the progress made against inflation and said it should continue with short-term rates at their current levels.