Capital Goods
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Starts of new U.S. homes unexpectedly fell in June to the lowest level in almost a year, indicating a pause in the industry’s progress. more
Industrial production rose in June by the most in four months, signaling U.S. manufacturing is improving heading into the second half of the year. more
Gasoline prices rose for the second consecutive week in Rhode Island, jumping nine cents to $3.69 per gallon for self-serve, regular unleaded this week, AAA Southern New England announced Monday. more
U.S. stocks rose as manufacturing in the New York region expanded more than forecast and Citigroup Inc. rallied, offsetting data showing retail sales in June increased less than expected. more
Oil and gas futures have risen by more than 10 percent, to $3.01 per gallon, in the past two weeks. This jump could result in the price of a gallon of unleaded gas increasing by as much as 30 cents in August, reported CNNMoney. more
Exports from the Ocean State rose 5.9 percent in May to $164.7 million on a month-to-month, seasonally adjusted basis after falling 15.1 percent in April, according to an international trade statistics report from e-forecasting.com. more
Hasbro Inc., the world’s second- largest toymaker, purchased a majority stake in Backflip Studios Inc. for $112 million in cash as it attempts to capture a bigger piece of the mobile-gaming market. more
The R.I. Public Transit Authority and the R.I. Department of Transportation have announced the launch of the "Beat Traffic, Try Transit" campaign, which began July 1 and will continue through the end of the year in an effort reduce traffic congestion on the Providence interstate as RIDOT starts construction on the Providence Viaduct Bridge Replacement Project. more
After dropping 4 cents last week, Rhode Island gasoline prices rose 3 cents this week, AAA Southern New England reported Monday. more
Rhode Island landed in the bottom 10 of “most patriotic” states in terms of domestic car and truck purchases, according to a report from TrueCar, an automotive pricing and analysis company. more
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