Economic Activity

UNITED NATURAL FOODS INC. reported a loss of $383.9 million in the fiscal first quarter of 2020, ended Nov. 2.

UNFI posts $383.9M loss on goodwill impairment

PROVIDENCE – United Natural Foods Inc. logged a loss of $383.9 million in its fiscal first quarter of 2020, ended Nov. 2, according to...
THE NORTHEAST consumer price index increased 9% year over year in November. / BLOOMBERG NEWS FILE PHOTO/ARIANA LINDQUIST

Northeast CPI increases 1.9% Y/Y in Nov., slower than national rise

PROVIDENCE –  The consumer price index in the Northeast increased 1.9% year over year in November, slower than the national average of 2.1%, the...
THE NATIONAL Federation of Independent Business optimism index rose 2.3 points in November to a four-month high of 104.7. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. small-business sentiment climbs most in more than a year

WASHINGTON – Sentiment among small United States businesses climbed by the most in more than a year as more owners said profit trends are...
MORTGAGE DELINQUENCY in Rhode Island declined to 4.4% of all mortgages in September 2019. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT

Mortgage delinquency in R.I. lowers to 4.4% in Sept.

PROVIDENCE – The delinquency rate of mortgages 30 days or more in Rhode Island declined 0.5 percentage points year over year to 4.4% in...
GAS PRICES in Rhode Island and Massachusetts declined 1 cent from last week to $2.50 per gallon. / BLOOMBERG FILE PHOTO/AKOS STILLER

Gas prices tick down in R.I. and Mass.

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 1 cent from one week prior to $2.50 per gallon,...
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T.F. Green traffic declines 7.2% in August

WARWICK – Traffic at T.F. Green Airport in August declined 7.2% year over year to 373,485 passengers enplaned and deplaned, according to R.I. Airport...
COLLECTIONS of the state's 5% hotel tax grew in September in comparison with September 2018, while the 1% hotel tax saw a year-over-year decrease. /PBN FILE PHOTO STEPHANIE ALVAREZ EWENS

DOR: State’s 5% hotel tax shows increase in September, while 1%...

PROVIDENCE – The 5% hotel tax generated $2.5 million in revenue for the state in September, a 2.4% year-over-year increase from the $2.4 million...

UNFI agrees to sell 13 Shoppers food stores in mid-Atlantic...

PROVIDENCE — United Natural Foods Inc. announced Friday that it has entered into agreements to sell 13 of its 43 Shoppers Food & Pharmacy...

Coutu Bros. Movers acquires North Kingstown competitor

WARWICK — JMR Holdings Inc., operating as Coutu Bros. Movers, has purchased a North Kingstown moving company. The combined fleet and personnel will double...

U.S. economy keeps defying the recession odds

It’s impressive how well the U.S. economy has held up during the past year. As early as 2018, leading indicators were suggesting a heightened...
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