Trade
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Oil trades near 1-week high on outlook for economic stimulus
Oil traded near the highest level in a week in New York amid speculation that the U.S. and China will implement measures to revive their economies. more
Payrolls in U.S. increase less than forecast in August
Payrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery. more
S&P 500 climbs to 4-year high as ECB details bond-buying plan
The Standard & Poor’s 500 Index climbed above the highest closing level since 2008 as the European Central Bank announced specifics of its bond-buying plan and data boosted optimism in the American labor market. more
U.S. stocks fall as report shows manufacturing shrank in August
U.S. stocks fell, following a two- week decline in the Standard & Poor’s 500 Index, as data showed American manufacturing contracted in August, fueling concern the economic recovery is slowing. more
Pump prices drop 1 cent in R.I., rise 3 cents in Mass.
Rhode Island’s gasoline prices dropped 1 cent this week, marking the first drop in Ocean State pump prices since early July, according to AAA Southern New England. more
| 9/4/12
Oil advances to highest price in a week on stimulus speculation
Oil climbed to the highest level in more than a week in New York on speculation that central banks will take more steps to boost economic growth, spurring demand for raw materials. more
Six-month export growth benefits R.I. companies
Rhode Island merchandise exports increased 9 percent during the first half of 2012 compared with the same period in 2011, growing from $1.1 billion to $1.2 billion, according to data released by the International Trade Administration. more
| 8/27/12
U.S. stocks climb as Bernanke sees ‘scope for further action’
U.S. stocks rose, paring the Standard & Poor’s 500 Index’s first weekly decline in almost two months, as Federal Reserve Chairman Ben S. Bernanke said he saw “scope for further action,” increasing speculation the central bank will act to boost economic growth. more
R.I. exports rise 13.2% in June
Exports from Rhode Island rose 13.2 percent in June after plunging 23.1 percent in May, according to an international trade statistics report from e-forecasting.com. more
Treasuries gain as equities slump on signs global growth slowing
Treasuries rose for a fourth day as global equities slumped after Japanese trade figures fell short of economists’ forecasts, reinforcing concern that Europe’s debt crisis and a slowdown in China are damping global growth. more
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