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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Boston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported. BostInno reported that fundraising for new investments by venture capital and private equity firms was less but still evident. Below are the startups that raised capital in May, according to data compiled by BostInno.

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”.

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Entrepreneurial Upscale Chefs Are Plating Recovery Plans

PYMNTS

Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky. As reported by Eater San Francisco, “the restaurant announced Wednesday (Sept.

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Uber Eats Says Customers Donated $3M To Help Unemployed Workers

PYMNTS

Uber Eats said it will send its matched portion to the National Restaurant Association’s Restaurant Employee Relief Fund. As reported in early April, the National Restaurant Association created the fund to support U.S. As reported in early April, the National Restaurant Association created the fund to support U.S.

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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. Among those surveyed, 32 percent report that they will perform more activities at home and fewer activities away from home than before, and 16.1

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Goldman, JetBlue Team Up On Installment Loan Product

PYMNTS

CNBC reported that the global financial services company launched MarcusPay this week, allowing users to spread out big-ticket purchases across monthly payments. While fewer customers are booking flights right now, MarcusPay could serve as a payment option for vacationers who book packages in the fall, CNBC reported.