Monday, August 10, 2026

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Economic Activity

RIPEC: Medicaid spending on the rise despite enrollment decline

PROVIDENCE – Already representing over one-third of the budget, state spending on Medicaid remains on an unsustainable trajectory, projected to increase nearly three times...
SENSATA TECHNOLOGIES Holdings PLC said Thursday that it recorded a profit of $102.1 million in the second quarter of 2026, up from $60.7 million in the same period a year ago. / COURTESY SENSATA TECHNOLOGIES HOLDING PLC

Sensata Technologies Q2 profit climbs to $102.1M

ATTLEBORO – Sensata Technologies Holdings PLC said Thursday that it recorded a profit of $102.1 million in the second quarter of 2026, up from...

U.S. economy grows a sluggish 1.5% in Q2 with inflation remaining...

WASHINGTON (AP) – The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And...

Burrillville utility approves purchase of lead-detection technology

BURRILLVILLE – Clear River Electric & Water District, a quasi-municipal utility located in Pascoag village, has approved the purchase of Electro Scan Inc.'s technology for identifying...

The Fed leaves interest rate unchanged; hike expected in September

WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused...

General Dynamics Electric Boat parent’s Q2 profit jumps 14%

NORTH KINGSTOWN – General Dynamics Corp., the parent company of General Dynamics Electric Boat, posted a $1.16 billion profit in the second quarter, a...

E.G. chiropractor ordered to pay $74K in Medicaid fraud case

EAST GREENWICH – A Post Road chiropractor has been ordered to pay $74,878 in restitution to the Rhode Island Executive Office of Health and...

Taco Group Holdings acquired by London-based company for $1.4B

CRANSTON – Taco Group Holdings, a manufacturer of hydronic HVAC components founded in 1920, has been acquired by London-based Pentair PLC for $1.4 billion.   Pentair, a...
RHODE ISLAND is the 33rd-best state in the nation, down nine spots from last year, according to U.S. News & World Report. / PBN FILE PHOTO/PAM BHATIA

U.S. News & World Report: R.I. is 33rd-best state in nation...

PROVIDENCE – Rhode Island is the 33rd-best state in the nation, down nine spots from last year, according to U.S. News & World Report....

Americans’ confidence in U.S. economy falls as Iran conflict sends gas...

WASHINGTON (AP) – Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up...
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