Economic Activity
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(Updated, 5:45 p.m.) With a month-over-month gain of 0.2 percent in January, Rhode Island landed tied for eighth place among the 10 states with the largest increases in the Black Knight Home Price Index. more
Treasuries rose in the biggest weekly gain in almost two years as unrest in Ukraine drove investors to the safety of U.S. government debt. more
Construction employment in Rhode Island rose 1.9 percent in February compared with the same period last year, adding 300 jobs for a total of 16,400 jobs, the Associated General Contractors of America reported Friday. more
The number of Americans filing applications for unemployment benefits held last week near the lowest level in almost four months, a sign the labor market continues to strengthen. more
(Updated, 4:15 p.m.) Developer Richard Baccari II said Monday that his proposal for a mixed-use building on a parcel of East Side former Interstate 195 land has received a preliminary endorsement from the I-195 Redevelopment District Commission. more
Alex and Ani LLC is closing its store on Weybosett Street in Providence next month and replacing it with an employee training center. more
(Updated, 5:15 p.m.) Cornish Associates LP has added to its Westminster Street portfolio again. The Providence firm responsible for much of the residential redevelopment of downtown has purchased the historic Lapham Building for $2.7 million, director of development Steve Durkee confirmed Monday. more
Bringing Broadway to the Providence Performing Arts Center will continue through the 2016-17 season thanks to a new multi-year sponsorship by the Taco/White Family Foundation. more
U.S. stocks rose after the International Monetary Fund raised its forecast for global growth and corporate earnings beat analysts’ estimates. more
Sprague Operating Resources LLC, an energy company headquartered in Portsmouth, N.H., has agreed to pay $3.5 million in rent annually to Capital Properties Inc. in exchange for the use of Capital Properties’ million-barrel petroleum storage facility in East Providence. more
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