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Economic Activity

INTERNATIONAL GAME TECHNOLOGY PLC, the company that operates Rhode Island’s lottery has filed a federal lawsuit against the U.S. Department of Justice, seeking a declaratory judgment on whether the company can make gambling-related transactions electronically across state lines. / PHOTO COURTESY INTERNATIONAL GAME TECHNOLOGY PLC

Lottery operator IGT sues U.S. Justice Department over ambiguity on Wire...

PROVIDENCE – International Game Technology PLC, the company that operates Rhode Island’s lottery games and slot machines, is suing the U.S. Department of Justice...

Interior Department approves 2nd large U.S. offshore wind farm

The Biden administration approved an offshore wind farm off the coast of Rhode Island on Wednesday as part of a plan to deploy 30...

U.S. GDP slowed sharply in Q3 but big rebound expected in...

WASHINGTON (AP) – The United States economy slowed to a modest annual rate of 2.1% in the July-September quarter according to the government’s second...

U.S. jobless claims hit 52-year low after seasonal adjustments

WASHINGTON (AP) – The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century,...

Less than 5% of money spent from Providence COVID small-business grant...

PROVIDENCE – Five weeks after the city launched a new grant program for small businesses impacted by the pandemic, more than 95% of the...

R.I. cash collections rise 17.3% Y/Y in October

PROVIDENCE – Cash collections in Rhode Island in October totaled $327.7 million, a 17.3% increase from $279.4 million one year prior, the R.I. Department...

Local companies gear up for Small Business Saturday

PROVIDENCE – After many holiday shopping events went virtual last year due to COVID-19, businesses are making an in-person return this season. For local businesses,...

R.I. monthly labor market data raises accuracy questions

PROVIDENCE – If the state’s monthly labor market report should usually be taken with a grain of salt, the latest statistics call for a...

U.S. to release 50 million barrels of oil to ease energy...

WASHINGTON (AP) – President Joe Biden on Tuesday ordered 50 million barrels of oil released from the nation's strategic reserve to help bring down...

Treasury Secretary Yellen credits government stimulus programs for faster-than-expected recovery

PROVIDENCE – Six years and a devastating health and economic crisis separate U.S. Treasury Secretary Janet Yellen’s two addresses to the Greater Providence Chamber...

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