Economic Activity
935 results total, viewing 651 - 660
Standard & Poor’s has raised East Providence’s general-obligation debt rating from BB+ to A, Gov. Lincoln D. Chafee and R.I. Department of Revenue Director Rosemary Booth Gallogly announced Wednesday. more
Mortgage rates in the U.S. were little changed as lenders absorbed news that the Federal Reserve plans to taper bond purchases that have helped support the real estate market. more
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from last week’s decline, as investors weighed prospects for less economic stimulus before this week’s Federal Reserve policy meeting. more
The average per capita debt for Rhode Island’s cities and towns is $1,673, with the highest per capita debt in Providence at $7,366 per person, according to an analysis of local debt data conducted by WPRI-TV CBS 12’s Target 12 team. more
(Updated, 2:54 p.m.) Media General Inc. agreed to acquire Providence-based LIN Media LLC in a transaction valued at about $1.6 billion, adding local TV stations across the U.S. to get better negotiating leverage with advertisers and cable providers. more
Dan Cunningham is a regional investment executive for U.S. Trust, based in Boston. PBN caught up with him at a client event for the bank in Little Compton, where he talked about U.S. Trust’s take on the goings-on in Washington, D.C., the macroeconomic trends and the implementation of the Affordable Care Act. more
Americans look to be in the mood to shop this holiday season as their buying power gets a lift from more plentiful jobs and cheaper gasoline. more
The unemployment rate in the Providence-Fall River-Warwick metro area rose to 9.2 percent in December, non-seasonally adjusted, from 8.6 percent a month earlier, as the size of the labor force shrank five-tenths of a percent to 687,600 from 698,300, according to a U.S. Bureau of Labor Statistics report released Wednesday. more
U.S. stock-index futures gained, indicating the Standard & Poor’s 500 Index will extend its record, as Iran agreed to limit its nuclear program. more
The jobless rate dropped to a five-year low of 7 percent in November as American employers added more workers than forecast, showing further progress in the labor market that will provide a spark for the world’s largest economy. more
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