Friday, April 23, 2021

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Economic Activity

U.S. jobless claims fall to 547,000, another pandemic low

WASHINGTON (AP) – The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and...

State small-business grant program sees 3K applications for 75% of funding...

PROVIDENCE – About one-quarter of the funds set aside for the state’s newly opened small-business grant program would still be up for grabs, assuming...

Apex owners re-up lawsuit against Pawtucket officials

PAWTUCKET – Failed attempts to strike a deal over who develops a key piece of downtown are escalating in court with an amended lawsuit...

R.I. unemployment claims track back down

PROVIDENCE – The number of individuals collecting continuing unemployment benefits in Rhode Island declined by 1,892 week to week to 67,867, after rising by...

Businesses scramble for help as job openings go unfilled

NEW YORK (AP) – It looks like something to celebrate: small businesses posting “Help Wanted” signs as the economy edges toward normalcy. Instead, businesses...

McKee standing firm on taxing PPP loans

PROVIDENCE – Gov. Daniel J. McKee is standing firm on his commitment to taxing Paycheck Protection Program loans greater than $150,000. McKee made his position...

PPP demand slows as new event business, restaurant grant programs prepare...

PROVIDENCE – Demand for the U.S. Small Business Administration’s Paycheck Protection Program continues to slow, across the country and in Rhode Island, according to...

R.I. gas prices remain level this week

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island remained level with one week prior at $2.77 per gallon, 10...

Webster Bank joins forces with N.Y. lender in $10.3B merger while...

WATERBURY, Conn. – Connecticut-based Webster Financial Corp. announced on Monday it will merge with a similarly sized New York bank. The all-stock transaction, valued at...

Lardaro: Economy ‘horrific’ in February, but headed in right direction

PROVIDENCE – The Rhode Island economy was still contracting year over year in February but is headed in the right direction, especially in the...

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