Updated January 22 at 6:38am
Economic Activity
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Forty organizations serving the needs of Newport County residents will share $259,000 from the Rhode Island Foundation’s Newport County Fund, the organization said Thursday. more
(Updated 2:29 p.m.) Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening. more
Rhode Island’s CollegeBound Saver program netted a Silver rating and its CollegeBound 529 a Bronze from Morningstar, a research firm that tracks investment offerings, in its 2016 list of the best 529 plans. more
Teespring has closed its Davol Square office, marking the last phase of a restructuring that began over the summer, a company spokeswoman said Monday. more
Rhode Island’s seasonally adjusted unemployment rate was 5.6 percent in August, up one-tenth of one percentage point from July and down two-tenths of one percentage point from the year prior, reported the R.I. Department of Labor and Training on Thursday. more
Strong lottery growth in North America and Italy boosted revenue for International Game Technology PLC in the third quarter, the company said Monday. more
U.S. stocks fluctuated in whipsaw trading, with the Dow Jones Industrial Average spinning near a record, as investors speculate how Donald Trump’s policies will impact the economy and interest rates. Small caps headed for the best weekly gain in five years. more
The cash sales share of total home sales in the Providence-Warwick metropolitan area decreased nearly 10 percentage points year over year in December, to 22.5 percent, which was lower than the national cash sales share at 33.4 percent, CoreLogic said Thursday. more
Providence Business News took home six awards, including one first place, in the Rhode Island Press Association’s 2015 editorial contest celebration, held Friday evening. more
The Newport stopover for the Volvo Ocean Race is scheduled for May 8-20, 2018, the organizers and Sail Newport have announced. more
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