Economic Activity

U.S. wholesale prices fell 0.2% in June as food costs plunged

WASHINGTON (AP) – United States wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices. The Labor...
SMOOTH OPERATOR: Cooley extruder lead Marie Knight inspects Cooley products during production to ensure the quality meets the customer’s specifications. COURTESY COOLEY GROUP

Pandemic Diary: Making sure everyone’s included

(Editor’s note: This is the 12th installment in a weekly series on how Cooley Group is managing the COVID-19 pandemic, from the perspective of...

What’s worse, the pandemic or the cure?

The coronavirus pandemic catapulted the country into one of the deepest recessions in U.S. history, leaving millions without jobs or health insurance. There is...

Be resilient before recovery is needed

Even if all you had to worry about were the quality of your company’s products or services and continued growth of the customer base,...

U.S. should join, not block, China’s Belt and Road

The Belt and Road Initiative is China’s new, massive Silk Road. The ancient Silk Road was a trade route between China and Eastern Europe....

5% hotel tax collection plummets 70% Y/Y in April

PROVIDENCE – Collection of the 5% hotel tax in Rhode Island declined 70.3% year over year in April to $408,831, the R.I. Department of...
RHODE ISLAND's second quarter tax revenue was projected to decline between $287 million and $482.4 million year over year, depending on the rate of unemployment in the state. / AP FILE PHOTO/ANDREW HARNIK

Boston Fed sees R.I. Q2 tax revenue drop of at least...

PROVIDENCE – The Federal Reserve Bank of Boston on Thursday projected Rhode Island’s state tax revenue will decline between $287 million and $482.4 million...

Layoffs stuck at high level as 1.3 million seek jobless aid

WASHINGTON (AP) – More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are...
THERE WERE 99 bankruptcy filings in Rhode Island in June, four of which were business filings. / PBN GRAPHIC/CHRIS BERGENHEIM

Rhode Island sees 99 bankruptcy filings in June

PROVIDENCE – There were 99 bankruptcies filed in Rhode Island in June, a decline from 153 in the same month a year ago, according...
ROUGHLY 30% OF RENTERS polled by the U.S. Census say they have no confidence or slight confidence in their ability to pay rent next month. / AP FILE PHOTO/ANDREW HARNIK

Renters face financial cliff ahead; limited help available

Renters are nearing the end of their financial rope. People who rent have largely been able to survive the initial months of the pandemic helped...

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