article thumbnail

Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. The 350,000-square-foot facility will be located in Westborough, Massachusetts, which is 35 miles west of Boston.

Boston 161
article thumbnail

EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. At a high level, officials said that the European Central Bank should be the only one that should issue digital currencies.

Boston 227
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stimulus Relief: Less Spending, More Saving

PYMNTS

And in those cases, Jonathan Parker, an economist at the Massachusetts Institute of Technology, told the Boston Globe , the attempt was pretty successful. Given the triple threat of economic insecurity hitting the population, it’s unsurprising that the data also indicates increased belt-tightening sweeping the nation.

Boston 215
article thumbnail

Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

It’s understandably an anxious time for Main Street businesses , even as downtowns prepare to reopen. Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts.

Community 148
article thumbnail

The Big Bucks Behind Sleep (Or Lack Thereof)

PYMNTS

But somehow, we are a nation of chronically under-rested people. The pods set up shop in places where the nap-needing tend to gather – university campuses and office spaces being their two main sweet spots – and offer the chance to book a 20-minute to two-hour nap online or on mobile with a few clicks or taps. But does it really work?

Boston 145
article thumbnail

Independence Day 2017 – By The Numbers

PYMNTS

That is slightly less than the number of people living in Brooklyn today (though still more than the approximately 700,000 people currently living in Boston). 200 million : The number of pounds of gunpowder we collectively detonate at the nation’s approximately 14,000 annual 4th of July fireworks displays. How staggering? Indivisible.

article thumbnail

Baby Boomers Vs. Millennials: Eerily Similar?

PYMNTS

percent, millennials (who are in part to blame for this) aren’t the main contributing factor. This may be due to the fact that major cities throughout the country, like Boston and New York City, are seeing significant rental price surges. While it was reported that home buying was at its all-time low at a mere 62.9