Economic Activity

2 R.I. companies named among Points of Light’s Civic 50 honorees

PROVIDENCE – Hasbro Inc. and CVS Health Corp. were named among the Civic 50 honorees of 2019 by Points of Light, the volunteerism organization...
CHARITABLE GIVING by individuals in the U.S. fell an estimated 3.4%, after adjusting for inflation, last year, following changes in the 2017 Republican tax overhaul, according to a report released Tuesday by Giving USA. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

Trump’s tax law made Americans less charitable, nonprofits say

WASHINGTON – Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks...
THE DOWNTOWN PROVIDENCE Parks Conservancy received $35,000 to help fund operations at Burnside Park from June through September. Above, Big Nazo performing at Storytime + Art in the Park. / COURTESY THE PROVIDENCE FOUNDATION/KRISTIN CRANE

Downtown Providence Parks Conservancy receives $35K from Providence Tourism Council

PROVIDENCE – The Providence Foundation’s Downtown Providence Parks Conservancy program has been awarded $35,000 from the Providence Tourism Council, the foundation announced Monday.The funds...
HAIL DAMAGE COSTS in the United States have elevated significantly since 2008. / BLOOMBERG NEWS

FM Global and others identify increasing hail damage costs since 2008

BOSTON – In 2008, the year the stock market crashed and Barack Obama won the presidency, the United States was hit with a weather...
THE CITY is launching the $6 million Woonasquatucket River Greenway Project Monday night with a public hearing. / COURTESY CITY OF PROVIDENCE

Providence holding meeting Monday about Woonasquatucket River Greenway

PROVIDENCE – A public meeting will be held Monday evening to start the Woonasquatucket River Greenway Project, a series of proposed improvements to a...
GAS PRICES in Rhode Island and Massachusetts declined 4 cents this week. / BLOOMBERG NEWS FILE PHOTO/PAUL THOMAS

Gas prices drop 4 cents in R.I., Mass.

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 4 cents this week to $2.72, 4 cents higher than...
KPMG LLP will pay $50 million to settle Securities and Exchange Commission allegations that it altered past audit work after receiving stolen information from an industry watchdog. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

KPMG to pay $50M fine for using data stolen from watchdog

NEW YORK – KPMG LLP, one of the big four accounting firms, will pay $50 million to settle Securities and Exchange Commission allegations that...
U.S. HOMEBUILDER sentiment posted its first decline in 2019 in June. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. homebuilder sentiment unexpectedly posts first drop in 2019

WASHINGTON – Sentiment among United States homebuilders unexpectedly posted the first decline this year, suggesting lower mortgage rates are failing to give the housing...
J. GOODISON CO. will receive a $518,538 federal grant to purchase equipment and expand its staff. Above, J. Goodison Co.'s travel lift, the largest in New England. / COURTESY J. GOODISON CO.

J. Goodison Co. receives $519K federal grant for supplies, staff

NORTH KINGSTOWN – Local shipyard company J. Goodison Co. will receive a $518,538 federal grant to purchase equipment and expand its workforce, the Rhode...
U.S. CONSUMER CONFIDENCE weakened in June and long-term inflation expectations dropped to the lowest on record, according to the University of Michigan. / BLOOMBERG FILE PHOTO/VICTOR J BLUE

U.S. consumer sentiment falls in June amid tariff concerns

WASHINGTON – United States consumer sentiment weakened in June and long-term inflation expectations dropped to the lowest on record as the outlook for the...
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