Updated June 30 at 3:30pm
Local News
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Acushnet Holdings Corp., the maker of Titleist golf balls and FootJoy shoes and performance wear, has filed for an initial public offering. more
Rhode Island tied with Arkansas for the fourth-highest percentage of late mortgages in the United States at 2.1 percent, according to Black Knight Financial Services. more
The International Monetary Fund cut its forecast for U.S. growth this year, urging the Federal Reserve to lean toward modestly overshooting its inflation target in considering whether the economy can handle higher interest rates. more
Few banks face as much pressure as Bank of America Corp. on Thursday, when the Federal Reserve posts initial results from annual stress tests just 30 minutes before U.K. polls close on the so-called Brexit vote. more
The slowest part of fast food? Adding new menu items or changing existing ones. more
The residential real estate market in Rhode Island continued along its brisk pace in May, ending the month with a nearly 19 percent increase in sales activity for single-family houses, according to the Rhode Island Association of Realtors. more
More than $480,000 has been awarded by the Rhode Island Foundation in seed funding for 20 medical research projects. more
When it comes to income inequality, Rhode Island ranks 28th among the 50 states, according to a report from the Economic Policy Institute, which said income inequality has risen in every state since the 1970s. more
Federal Reserve Chair Janet Yellen offered a subtle change to her outlook from less than a week ago, saying she and her colleagues were on watch for whether, rather than when, the U.S. economy would show clear signs of improvement. more
(Updated 4:05 p.m.) Two key members of Gov. Gina M. Raimondo’s team are leaving to pursue new opportunities. Chief of Staff Stephen S. Neuman is leaving his position Friday to join Hillary Clinton’s presidential campaign. Communications Director Joy Fox will leave in early July to work with former U.S. Treasury Secretary Robert E. Rubin as his senior adviser. more
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