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Wednesday, December 19, 2018
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Economic Activity

REPRESENTATIVES OF THE Hope Point Tower will return to the I-195 Redevelopment District Commission on Tuesday. / COURTESY THE FANE ORGANIZATION

Hope Point Tower to return to I-195 commission Wednesday

PROVIDENCE – The Fane Organization is moving forward quickly following the recent override of a mayoral veto that could have blocked its effort to...
EMPLOYEE COMPENSATION COSTS per hour worked in New England were $42.06 in September. / BLOOMBERG FILE PHOTO/LUKE SHARRETT

BLS: New England has highest employee compensation costs in nation in...

PROVIDENCE – Total compensation costs for a private industry employer in New England averaged $42.06 per hour worked in September, according to the U.S....
CAI SOFTWARE has acquired Casco Development based in Portland, Maine. Above, CAI Software CEO Brian Rigney. / COURTESY CAI SOFTWARE

CAI Software acquires Portland, Maine-based company

SMITHFIELD – CAI Software LLC has acquired Portland, Maine-based Casco Development LLC, adding 22 employees to the company, the two companies announced Monday evening.The...
VETERAN HOMELESSNESS increased in Rhode Island from 2017 to 2018 but declined nationally, according to the U.S. Department of Housing and Urban Development.

Report: R.I. homelessness declines 6.7 percent in 2018, number of homeless...

PROVIDENCE - Homelessness in Rhode Island declined 6.7 percent from 2017 to 2018, according to new data from the U.S. Department of Housing and...
UNITED STATES equity indexes slid to their lowest close in 14 months Monday. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Stocks close at 14-month low in broad sell-off

NEW YORK - United States equity indexes slid to their lowest close in 14 months as investors weighed the impact of the Federal Reserve...
THE AVERAGE PRICE of regular gas in Rhode Island declined 4 cents to $2.52 per gallon this week. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

Gas prices in R.I. drop 4 cents this week, dip...

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 4 cents this week to $2.52 per gallon, 15 cents...
U.S. HOMEBUILDER SENTIMENT fell in December to the lowest level since 2015. / BLOOMBERG NEWS/TY WRIGHT

U.S. homebuilder sentiment tumbles to weakest in 3 years

NEW YORK - Sentiment among United States homebuilders fell in December to the lowest level since 2015, missing all forecasts and signaling that the industry’s...
UNITED STATES student loan debt outstanding reached a record $1.465 trillion in November. Bloomberg News data analysis found that loans disbursed in 2012 have defaulted at a faster rate than any other loan cohort since the financial crisis. / BLOOMBERG NEWS

U.S. student loan debt sets record, doubling since recession

NEW YORK - United States student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is having a...
U.S. RETAIL SALE increased 4.2 percent year over year in November./ BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. retail sales top estimates as core measure up most in...

NEW YORK - United States retail sales topped forecasts in November as a key measure jumped by the most in a year and October...
U.S. STOCK funds bled $27.6 billion in a one week span, ended Dec. 12. / BLOOMBERG NEWS

U.S. stock market exodus is second-biggest ever, BofA says

NEW YORK - Investors rushed out of United States equity funds in the second-biggest weekly exit on record, according to Bank of America Merrill...
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