Updated March 28 at 6:24am
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President Barack Obama said Friday that the U.S. respects the decision of U.K. voters to leave the European Union, and that the “special relationship” between the countries would endure. more
U.S. stocks tumbled, joining a worldwide selloff with the Dow Jones Industrial Average dropping more than 350 points, as the U.K.’s decision to leave the European Union fanned speculation that a divided Europe would put another brake on already fragile global growth. more
Orders for U.S. business equipment unexpectedly declined in May by the most in three months, pointing to weakness in investment even before the likely damage to confidence stemming from U.K. voters’ decision to leave the European Union. more
A turbulent start to the open of the London market propelled trading volume as much as 700 percent higher than normal, while at least one dark pool was suspended as investors around the globe digested U.K. voters’ decision to leave the European Union. more
Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and wiped about $3 trillion from stock market values while sparking demand for haven assets from U.S. Treasuries to gold. more
The newly established Heritage Harbor Foundation, the successor of Heritage Harbor Corp., has created a $3.6 million endowment to fund projects concerning Rhode Island history. more
The Federal Reserve’s stress tests of big banks found all 33 have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage. more
Bank of America Corp. admitted to wrongdoing in settling a U.S. regulator’s allegations that it misused billions of dollars in customer funds to finance trades that benefited the firm. more
Purchases of new homes declined in May from an eight-year high as the housing market continued to display the choppy progress that’s been a hallmark of the recovery. more
The General Assembly last week passed legislation concerning energy policy that closely mirrors the excluded Article 18 of the fiscal 2017 budget, but it does not contain a controversial clause that would have given a financial break to a wind developer. more
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