Updated July 27 at 11:29pm
Economic Activity
1487 results total, viewing 761 - 770
Fitch Ratings has downgraded the city of Providence’s rating on two general obligation bonds, to BBB negative from BBB, citing financial pressure created by limited revenue growth and increasing costs, such as pension and post-employment retirement benefits. more
Rhode Island ranked 48th nationally – or third worst in the nation – for jobs and opportunity in March, according to a new study released Thursday by the Rhode Island Center for Freedom & Prosperity. more
U.S. banks contending with tough rules and markets are still stronger than many overseas rivals and will soak up business, Bank of America Corp. CEO Brian Moynihan said. more
Prices for self-serve, regular unleaded gasoline fell 3 cents in Rhode Island and 2 cents in Massachusetts this week, AAA Northeast said Monday. more
Regular self-serve gasoline fell 2 cents in Rhode Island this week, but prices are unchanged in Massachusetts, AAA Northeast said Monday. more
Rhode Islanders’ personal income grew 1.9 percent in fourth quarter 2015 compared with the prior year period, and 1.2 percent from fourth quarter 2007, the start of the Great Recession, according to The Pew Charitable Trusts. more
A total of 43 projects in all 39 towns and cities across the state will share $500,000 in Centennial Community Grants funding distributed by the Rhode Island Foundation to mark its 100th anniversary, the organization said Wednesday. more
Federal Reserve Governor Lael Brainard said the U.S. economy isn’t immune to global risks and called for careful adjustments to the policy rate to preserve the expansion. more
The Federal Reserve acted as expected Wednesday: It left interest rates unchanged and used language that was somewhat more hawkish, increasing the probability of a rate increase in June. more
Jobless claims last week hovered around four-decade lows, showing the labor market remains the strongest part of the U.S. economy. more
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