Updated May 2 at 9:45am
Local News
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A majority of Rhode Island’s renters aged 18 to 24 are burdened by housing costs, according to an analysis of U.S. Census data released Wednesday by HousingWorks RI. more
U.S. mortgage rates fell for a second week, lowering borrowing costs as the housing recovery gets a second wind. more
Providence’s summer jobs program has helped 650 city youth find employment this summer, Mayor Angel Taveras announced Thursday. more
Despite its small size compared with many North American metropolises, Providence ranks as the 38th most traffic-congested city in the United States and Canada, according to a new report released by GPS-device manufacturer TomTom. more
After analyzing tax data from 32,000 businesses, the R.I. Department of Labor and Training announced Thursday that there were 1,800 more Rhode Island-based jobs in the first quarter than originally estimated. more
Consumer spending in the U.S. grew less than forecast in May as Americans used gains in income to shore up household finances. more
Royal Bank of Scotland Group PLC, Britain’s largest taxpayer owned bank, has given “unacceptable” returns to shareholders, CEO Ross McEwan said. more
Rhode Island will receive $3.85 million under a national program to help states train laid-off workers, U.S. Sens. Jack Reed and Sheldon Whitehouse announced Wednesday. more
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled. more
Fifteen months after CharterCare Health Partners first announced its intention to partner with Los Angeles-based Prospect Medical Holdings Inc., the new for-profit joint venture between the two groups officially launched on June 20 with the formation of Prospect CharterCare LLC. more
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