Economic Activity
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Consumer confidence in the U.S. climbed more than projected in December as Americans’ views of current economic conditions jumped to the highest level since April 2008. more
Sales of single-family homes in Massachusetts fell 2 percent in November compared with the same period a year earlier, the first decrease in year-over-year home sales since April, according to a report released Monday by The Warren Group. more
Gasoline prices rose 2 cents in both Rhode Island and Massachusetts this week, marking the sixth consecutive week of price increases, according to the weekly survey by AAA Southern New England. more
Rhode Island’s home prices climbed 0.8 percent in October, the largest month-over-month increase in the U.S., according to the LPS Home Price Index released Monday. more
Contracts to purchase previously owned U.S. homes rose less than forecast in November, indicating higher borrowing costs are holding back the recovery in residential real estate. more
A local arts group is in its second year of negotiations with state officials about a plan to build a waterfront concert venue on the site of the former Shooters nightclub in Providence. more
Target Corp., the second-largest U.S. discount chain, said that customers’ debit card personal identification numbers are safe after a computer security breach exposed data on 40 million debit and credit cards. more
U.S. stocks fluctuated between gains and losses, after benchmark indexes rallied to all-time highs yesterday amid optimism over the economic recovery. 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. retail sales rose 3.5 percent during the holiday season this year, helped by deep discounts at malls and purchases of children’s apparel and jewelry, MasterCard Advisors SpendingPulse said. more
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