Updated December 2 at 6:26pm
Local News
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Macy’s Inc. surged in early trading after making progress in slowing its sales declines and announcing a plan to close 14 percent of its stores to revive profit growth. more
From health care issues to housing problems, hundreds of nonprofits serving Rhode Islanders benefited from the $18.2 million the Rhode Island Foundation has awarded during the first half of 2016, the organization announced Friday. more
Wholesale prices in the United States unexpectedly fell in July by the most in almost a year, a sign inflation is likely to stay muted. more
Employment jumped in July for a second month and wages climbed, pointing to renewed vigor in the U.S. labor market that will sustain consumer spending into the second half of the year. more
Consumer confidence in the United States rose less than forecast in August, reflecting a pullback in views on personal finances among younger Americans. more
The happiest workers are not in Rhode Island. more
At the 21st annual New England Fine Furnishings Show held recently, two Rhode Island-based designers took home “Best in Show” awards for their work, according to a release sent Tuesday by KL Communications and Rockler Woodworking and Hardware. more
Partisan conflict among U.S. political leaders in 2016 is higher than any election year since at least 1984, offering another hurdle for the economy seven years after the last recession. more
Blue Cross & Blue Shield of Rhode Island has announced a new contract with Virgin Pulse to offer its members a customized wellness platform. more
Confidence among U.S. homebuilders climbed in August as steady job growth and low interest rates boosted prospects for the residential real-estate market in the second half of the year, according to data Monday from the National Association of Home Builders/Wells Fargo. more
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