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Consumer debt in the U.S. rose last quarter by the most in more than six years as Americans borrowed to buy homes and cars and to pay for education, according to a survey by the Federal Reserve Bank of New York. more
Personal incomes in Rhode Island rose 2.6 percent in 2013, while the state’s per capita income ranked as the 14th highest in the nation, according to a report released Tuesday by the U.S. Bureau of Economic Analysis. Personal income in the Ocean State totaled $49.4 billion last year, a gain of $1.3 billion compared with the 2012 total of $48.2 billion. more
Deepwater Wind is planning to submit a proposal to sell wind energy to the Long Island Power Authority, the Providence-based energy company said Wednesday. more
Gasoline prices climbed 3 cents in Rhode Island this week, while prices dropped a penny in Massachusetts, ending five consecutive weeks of rising prices there, according to the weekly survey by AAA Southern New England. more
The U.S. will post the narrowest budget deficit this year as a share of the economy since 2007 as stronger growth helps boost tax revenue, according to the Congressional Budget Office. more
U.S. stocks rose, with the Standard & Poor’s 500 Index climbing above its record close, as purchases of new homes unexpectedly climbed to the highest level in more than five years and retailers rallied. more
Americans will get more time to enroll in Obamacare insurance plans if they started the process but were unable to complete it before the March 31 deadline. more
Royal Bank of Scotland Group PLC rose in London trading after the Wall Street Journal reported that Sumitomo Mitsui Financial Group Inc. may bid for the Edinburgh-based lender’s U.S. retail banking unit. more
Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances. more
Expectations of credit access among U.S. consumers improved in recent months even as their predictions for inflation held steady, according to a survey by the Federal Reserve Bank of New York. more
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