Economic Activity
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Gasoline prices maintained their consistent rise over the last week in both Rhode Island and Massachusetts, the fourth consecutive week of higher prices in both states, according to the weekly survey by AAA Southern New England. more
The Mass. Gaming Commission ruled Tuesday that the town of Revere must hold another public referendum on whether to allow Suffolk Downs and the Mohegan Tribal Gaming Authority to build a casino there before the commission will approve the proposal, Boston.com reported Tuesday. more
Job openings in the U.S. climbed to a five-year high in October, indicating employers were confident about demand even as Washington’s budget impasse shuttered parts of the federal government. more
Rhode Island exports rose $2.7 million, or 1.5 percent, in October, according to an e-forecasting.com report. more
FGX International announced Monday it has acquired Suntech Optics Inc., a privately held company based in Vancouver, British Columbia. The acquisition also included the purchase of Suntech Optics subsidiaries Naked Eye Enterprises and Bugaboos Eyewear Corp. more
As the first winter storm of 2014 bears down on Rhode Island, National Grid issued a statement Thursday saying its crews are prepared to handle the power outages likely to result from heavy snow accumulation, high winds and potential flooding. more
Gasoline prices continued to rise in Rhode Island and Massachusetts this week, marking the third consecutive week of higher prices in both states, according to the weekly survey by AAA Southern New England. more
The Massachusetts Gaming Commission will vote this week to decide whether to allow Suffolk Downs and the Mohegan Tribal Gaming Authority to push forward their bid for a casino in Revere, Boston.com reported Sunday. more
U.S. stocks rose, sending benchmark indexes to all-time highs, after the Federal Reserve said it will reduce the pace of its monthly bond purchases and expressed confidence in the labor market recovery. more
In 2013, a graduate student discovered a flaw in a spreadsheet, renewing the debate about austerity and debt. Emerging economies tanked, and Bitcoin boomed. In the U.S., unemployment fell and the Federal Reserve started to scale back its bond-buying program. Research focused on inequality and jobs gap between the highly skilled and everyone else. The Affordable Care Act began. more
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