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Economic Activity

U.S. inflation reaches a 3-year low as Federal Reserve prepares to...

WASHINGTON (AP) – The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for...

Americans’ inflation-adjusted incomes rebounded to pre-pandemic levels last year

WASHINGTON (AP) – The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in...

Providence City Council accepts tentative settlement to evict Skyline at Waterplace

PROVIDENCE – The City Council has accepted a tentative settlement between the city and Skyline at Waterplace LLC to evict the company from the...

Beachfront home in Charlestown sells for $3.65M, highest sale since 2022

CHARLESTOWN – A 2,186-square-foot home next to Blue Shutters Town Beach recently sold for $3.65 million, making it the highest residential property sale in...

Labor costs remain high for small businesses, report finds 

NEW YORK (AP) – Employee wages are one of the biggest costs for small businesses.  A new survey found some owners may be seeing a bit...

Rite-Solutions lands $39.3M naval contract

MIDDLETOWN – Rite-Solutions Inc. was awarded a $39.3 million naval contract to design and develop submarine network monitoring and training systems.  The engineering and information technology...
JOSEPH EDELMAN, founder and CEO of New York-based hedge fund company Perceptive Advisors LLC, has resigned from the Brown University board of trustees over his disagreement with the board’s upcoming vote on a proposal to divest from companies that do business with Israel. / COURTESY BROWN UNIVERSITY

Brown University trustee resigns over concerns about upcoming Israel divestment vote

PROVIDENCE – Joseph Edelman, founder and CEO of New York-based hedge fund company Perceptive Advisors LLC, has resigned from the Brown University board of...

R.I., Mass. gas prices fall again with seasonal shift

PROVIDENCE – The average weekly price of self-serve, regular unleaded gasoline in Rhode Island dropped 8 cents to $3.14 per gallon this week. That...

Big Lots files for Chapter 11 bankruptcy protection, plans to sell...

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales.  The Columbus,...

LL Flooring closing all stores, including 1 in R.I.

PROVIDENCE – LL Flooring, formally known as Lumber Liquidators, is closing all of its stores and will cease operations just weeks after filing for...
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