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Current-account deficit in the U.S. narrowed in 2Q
The current-account deficit in the U.S. narrowed more than forecast in the second quarter, helped by a pickup in exports and a bigger income surplus. more
U.S. stock futures advance as global markets extend rally on Fed
U.S. stock-index futures climbed, indicating the Standard & Poor’s 500 Index will rise from its highest level since 2007, as markets rallied around the world on the Federal Reserve’s bond-purchase program. more
Import prices in U.S. rose 0.7% in August as energy costs jumped
Prices of goods imported into the U.S. rose in August for the first time in five months as the cost of petroleum surged. more
Trade gap in U.S. widened to $42B as exports fell
The U.S. trade deficit widened in July for the first time in four months as the global economic slowdown reduced demand for American-made goods. more
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
Exporting important for R.I., but so is taking care
Despite economic challenges that persist in many countries around the world, Rhode Island continues to be actively engaged in the global economy. more
Guest Column: Ned Handy | 9/10/12
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
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