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Saturday, February 17, 2018
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TOP SALE: Newport’s Seafair at 254 Ocean Ave., purchased in November by television personality Jay Leno for $13.5 million, was the most expensive home sale in the state in 2017. / COURTESY MICHAEL OSEAN

The rest of the world finds value in R.I.’s high-end, coastal...

Once considered a hidden gem for luxury-home offerings, Rhode Island is gaining more attention in the high-end real estate market and attracting a more-diverse...
A RENDERING of the proposed natural gas-powered electrical plant in Burrillville. / COURTESY INVENERGY

Power plant debate gets personal

In 2015, the proposal to build a new, gas-fired power plant in Burrillville was announced with budding optimism amid rising energy prices.Despite concerns raised...

Remember what causes a recession

Remember recessions? Those times where the stock market goes down, unemployment goes up and businesses stop investing? There was a really big one about...
RE-FOCUSED: The significant volatility of the equity markets recently has injected a needed clear-eyed evaluation of risk and reward, one that recent market calm has pushed to the back of investors’ minds.

Three lessons: Volatility can be transformed into opportunities.

The recent stocks roller-coaster reminded me of three lessons I learned many years ago as an investor in emerging markets. If well understood and...
U.S. STOCKS plunged on concern that rising interest rates will drag down economic growth. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Stocks hit two-month low as rate-hike fears return

NEW YORK - The dread that gripped equity markets earlier in the week re-emerged Thursday as U.S. stocks plunged on concern that rising interest rates...
CLARK SCHOETTLE, the longtime leader of the Providence Revolving Fund, will retire in June. / PBN PHOTO/ MICHAEL SALERNO

Providence Revolving Fund executive director to retire

PROVIDENCE – Clark Schoettle, the longtime leader of the Providence Revolving Fund, will retire in June, the organization announced Thursday.Schoettle has served as executive...
U.S. JOBLESS CLAIMS decreased by 9,000 to 221,000 last week. /BLOOMBERG FILE PHOTO/LUKE SHARRETT

U.S. jobless claims decline, approach an almost 45-year low

NEW YORK - U.S. filings for unemployment benefits unexpectedly declined last week, hovering close to an almost 45-year low and signaling a tight job...
PROVIDENCE RANKED NO. 3 for cities with the highest income inequality in a study of the largest metropolitan areas in the country and the most-populous cities in those areas. / PBN FILE PHOTO/MICHAEL SALERNO

Report: Providence ranks poorly for income inequality

PROVIDENCE – In 2016, Providence ranked No. 3 for highest income inequality among the most populous cities in the largest 100 metropolitan areas in...
U.S. STOCKS REBOUNDED Tuesday after a violent sell off that occurred Monday afternoon. / BLOOMBERG NEWS PHOTO/MICHAEL NAGLE

Stocks recover from rout with best day since 2016

NEW YORK - United States stocks rebounded from a violent selloff to post the biggest rally in 15 months as investors poured back into some...
PROVIDENCE-WARWICK-FALL RIVER metropolitan construction employment increased 9 percent year over year, not seasonally adjusted. / PBN FILE PHOTO/ MICHAEL SALERNO

AGCA: Providence metro construction employment up 9% in December

PROVIDENCE – Construction employment in the Providence-Warwick-Fall River metropolitan area rose 9 percent year over year, not seasonally adjusted, in December to 26,300, a...
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