Updated May 27 at 12:31am
Economic Activity
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Since 1995, durable goods (cars, televisions, computers and the like) have been getting cheaper in the U.S. That’s even as the prices of services and nondurables have mostly kept rising. The … more
(Updated 8:32 a.m.) The R.I. Public Transit Authority has initiated a market study to consider options for expanding service to Quonset Business Park, one of the largest employment centers in the state without direct service. more
The Providence metro ranked 20th among the nation’s 40 largest metropolitan areas for its 4.5 percent home price increase in December compared with December 2014, according to Black Knight Financial Services. more
Renovation of a historic, five-story building in the Financial District of downtown will receive $482,000 in state historic preservation tax credits, according to the R.I. Division of Taxation. more
For the 13th consecutive week, gasoline prices have fallen in Rhode Island, AAA Northeast said Monday. more
Contracts to purchase previously owned homes unexpectedly dropped in January by the most in two years, representing a setback in residential real estate leading up to the spring selling season. more
Business owners maintain a bullish outlook on Rhode Island's economy, but there are signs the optimism has been tempered by turbulence at the national level and slow-paced economic progress at home, according to results from the 2016 winter installment of the biannual Providence Business News survey. more
CVS Health Corp. made Fortune magazine’s top 50 list of the World’s Most Admired Companies, coming in 27th, an improvement over last year’s ranking of 45th. more
Federal Reserve Bank of Cleveland President Loretta Mester said fundamentals underlying the U.S. economy remain strong and the central bank should stay on track for a gradual tightening of monetary policy this year. more
New Media Investment Group Inc., the parent company of GateHouse Media which owns the Providence Journal, reported 2015 results this week, showing profit of $67.6 million, or $1.52 per diluted share, reversing a previous-year loss of $3.2 million, or 10 cents per diluted share. more
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