Updated July 1 at 9:01pm
Local News
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Rhode Island had the third-highest tax rate on lodging last year, according to HVS Convention, Sports, and Entertainment Consulting’s third annual lodging tax study released this week. more
A Rhode Island neurologist is launching a research study using salsa dancing with the goal of improving overall physical activity and locomotion in people living with multiple sclerosis. more
U.S. stock-index futures declined, after equities fell the most since April, as concern that slower global growth will hurt the U.S. economy pushed the Standard & Poor’s 500 Index towards its longest streak of weekly losses since January. more
Sensata Technologies Holding N.V. reported second-quarter net income of $63.9 million, or 37 cents per diluted share, more than three times the $20.4 million, or 11 cents per diluted share, reported for the same period last year. more
On the eve of a Senate hearing today into whether the Federal Reserve has been “captured” by the institutions it is supposed to regulate, the Fed announced a broad review of its supervision of the largest banks, and a top official acknowledged there’s a danger that examiners could be too easy on them. more
Cyber Monday sales growth is slowing as consumers embrace the convenience of online shopping, spreading out their purchases instead of being lured by one-day specials. more
Rhode Island’s leading economic indicators again rose 0.3 percent in January to a reading of 130.5, fueled in part by manufacturing and employment growth, according to the Providence Business News/e-forecasting.com Leading Economic Indicator Index. more
Stefan Pryor, nominee for state Secretary of Commerce, received a unanimous endorsement Tuesday from a Senate committee reviewing his appointment as Rhode Island’s first executive officer overseeing all aspects of economic development. more
U.S. banks that pass the Federal Reserve’s annual stress tests are strong enough to boost quarterly payouts to shareholders 53 percent on average, disbursing $109 billion over the next 15 months, according to analysts. more
Banker and philanthropist David Rockefeller has given a $2.5 million gift to the Rhode Island School of Design Museum. more
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