Economic Activity

RHODE ISLAND'S 5 PERCENT hotel tax collections totaled $2 million in October. The Omni Providence Hotel, pictured above, accounted for $94,515 of the tax collection for the month. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

DOR: R.I. Oct. 5% hotel tax totals $2M

PROVIDENCE – October collection of the 5 percent hotel tax in Rhode Island totaled $2.02 million, a $12,469 decline from one year prior at...
AMAZON IS SCRAPPING a plan to build a headquarters in New York City. / BLOOMBERG FILE PHOTO/JIM YOUNG

Amazon scraps plan to build a headquarters in New York City

NEW YORK - Amazon.com Inc. said it’s pulling out of a plan to build a headquarters in New York City, after a backlash from...
U.S. RETAIL SALES declined 1.2 percent from the prior month in December, according to Commerce Department figures released Thursday after a four-week delay due to the shutdown. / BLOOMBERG NEWS FILE PHOTO/DAVID PAUL MORRIS

U.S. retail sales fall most in 9 years amid stock plunge

NEW YORK - United States retail sales unexpectedly fell in December, posting the worst drop in nine years in a sign of slower economic...
IN JANUARY, the so-called core consumer price index rose 0.2 percent from the prior month and 2.2 percent from a year earlier. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE

U.S. inflation remains contained amid Fed patience on rates

NEW YORK - A key measure of United States inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring...
THE NORTHEAST CONSUMER Price Index increased 1.5 percent year over year in January, not seasonally adjusted. / BLOOMBERG NEWS FILE PHOTO/BRENT LEWIN

Northeast CPI increases 1.5% in Jan.

PROVIDENCE – The Northeast Consumer Price Index increased a nonseasonally adjusted 1.5 percent year over year in January, just under the rate of the...
THE NUMBER OF U.S. auto loans delinquent 90 days or more exceeded 7 million at the end of 2018. / BLOOMBERG NEWS

Late auto loans rise to record 7M in U.S. slowdown signal

NEW YORK - More Americans than ever are at least three months behind on their auto loans, a sign that the United States economy...
SUMMER INFANT is now doing business as SUMR Brands and has shifted its brand strategy, offering three brands, "Summer," "born free" and "SwaddleMe." Above, the born free product "Zuta." / COURTESY SUMR BRANDS

Summer Infant rebrands as SUMR Brands, shifts strategy

WOONSOCKET – Summer Infant (USA)  Inc. is now doing business as SUMR Brands, the company announced earlier this month. The change in branding for the...
THE NUMBER OF of United States job positions waiting to be filled rose by 169,000 to a record 7.34 million in December. / BLOOMBERG NEWS FILE PHOTO/MIKE FUENTES

U.S. job openings hit record in Dec. amid tight labor market

NEW YORK - United States job openings rebounded, reaching a record in December as the rate of those leaving jobs held steady, underscoring robust...
INFOSYS Ltd. launched its Providence Design and Innovation Center at 75 Fountain St. Tuesday along with Rhode Island officials. Above, Salil Parekh, CEO of Infosys. /BLOOMBERG NEWS FILE PHOTO/SAMYUKTA LAKSHMI

Infosys launches Design and Innovation Center, announces partnership with CCRI

PROVIDENCE – Infosys Ltd. launched its 25,000-square-foot Providence Design and Innovation Center at 75 Fountain St. Tuesday with Gov. Gina M. Raimondo and other...
THE NATIONAL FEDERATION of Independent Business’s optimism index fell 3.2 points to 101.2, the lowest since November 2016. / BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS

U.S. small-business optimism hits 2-year low amid shutdown

NEW YORK - Sentiment among United States small businesses slumped in January to the lowest level since Donald Trump became president, as the economic...
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