Updated February 25 at 12:29am
Local News
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Legislation aimed at preventing fraud is delaying U.S. tax refunds and is likely to crimp consumer spending by as much as $21 billion this month, according to Goldman Sachs Group Inc. more
The John H. Chafee Boater of the Year Award was presented to Kate Wilson of North Kingstown at the industry breakfast hosted by the Rhode Island Marine Trades Association on the opening morning of its annual boat show on Feb. 3. more
Local 1 percent meal and beverage tax collections declined nearly 9 percent in October compared with October 2015, the R.I. Department of Revenue said Thursday. more
Citizens Financial Group ranked 14th worst on a list of the 100 best and worst banks in the country compiled by Forbes last month. more
(Updated 11:02 a.m. and 12:03 p.m.) R.I. Commerce Corp. on Wednesday announced a $16 million proposed settlement with First Southwest Co., a former financial adviser for the state when it invested $75 million into the now-defunct video game company 38 Studios LLC. more
Five percent hotel tax collections rose 7 percent in August, and 3.4 percent on a fiscal year-to-date basis, the R.I. Department of Revenue said Friday. more
U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016. more
CVS Health Corp. ranked 44th on a list of the world’s most valuable brands, according to the latest Brand Finance Global 500 report released this week. more
Massachusetts’ chief securities regulator is pushing back against automated investment services, saying it’s not clear that they can act in the best interest of clients. more
Gasoline prices in Rhode Island fell 2 cents this week, and dropped 6 cents in Massachusetts, AAA Northeast said. more
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