Updated July 28 at 6:28pm
Local News
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A week’s evidence that the U.S. economy’s ill health has been overstated and dovish talk from the Federal Reserve combined to briefly catapult the S&P 500 Index above its May 2015 record close, leaving stocks on the brink of ending their longest drought of the bull market. more
Filings for U.S. unemployment benefits unexpectedly declined last week to the lowest level since mid-April, signaling labor market stability amid a shaky global economy. more
Federal Reserve Governor Daniel Tarullo said inflation and unemployment haven’t reached levels that would justify an increase in interest rates, even without risks from Britain’s vote to leave the European Union. more
The pace of growth in U.S. services industries cooled last month from the best readings in a decade, a sign consumers may be taking demand down to a more sustainable level in the face of global weakness. more
The National Science Foundation has renewed funding for Brown University’s Institute for Computational and Experimental Research in Mathematics, providing a $17.5-million grant to support operations for the next five years. more
If Bank of America Corp.’s biggest shareholders are any indication, CEO Brian Moynihan probably will be allowed to remain chairman. more
Global long-term spending on private jets is starting to slow for the first time since 2009 as slumping commodity prices sap demand in emerging markets, according to an industry forecast. more
Brown University is ranked 99th among the world’s top 500 universities, according to a list released Tuesday by U.S. News & World Report. more
New Media Investment Group Inc. reported a drop in net income, an increase in revenue, and plans to acquire a North Carolina publishing company in its earnings report released Thursday. more
The Rhode Island Business Plan Competition said its annual Elevator Pitch Contest will be held Dec. 3, and a total of $1,000 in cash prizes will be awarded to this year’s top presenters. more
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