28.2 F
Rhode Island
Wednesday, November 14, 2018

Economic Activity

GOV. GINA M. RAIMONDO, center, speaks at the ribbon cutting for Sixty King./COURTESY CITIZENS BANK.

Sixty King, the former Imperial Knife building, reopens as affordable housing...

PROVIDENCE – A former textile mill, later converted to a factory for hand knives, has been converted for a more immediate need: affordable housing.The...
UNITED STATES consumer confidence rose in October to an 18-year high. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. consumer confidence hits 18-year high on jobs, income views

NEW YORK - United States consumer confidence rose in October to an 18-year high amid optimism about jobs and the economy, according to figures Tuesday...
GENERAL ELECTRIC CO. reported a $22.9 billion net loss for the third quarter. The company said this was largely due to a $22 billion non-cash goodwill impairment related to GE Power. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE posts major loss, slashes dividend, revamps power as new CEO...

NEW YORK - General Electric Co. slashed its quarterly dividend to just a penny a share and outlined a reorganization of its troubled power...

U.S. stocks fall, tech sinks on fresh trade angst

NEW YORK - United States stocks fell, with the S&P 500 flirting with a correction as technology shares tumbled after a report the Trump administration...
THE U.S. TREASURY Department said government borrowing this year will more than double from 2017 to $1.34 trillion in 2018. / BLOOMBERG NEWS

Treasury sees 2018 borrowing needs surging to $1.34T

NEW YORK - The U.S. Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion as the Trump administration...
AMERICANS SAVED just 6.2 percent of their disposable income in September, matching the lowest level since 2013. / BLOOMBERG NEWS

Americans save less to sustain spending as income gains cool

NEW YORK - Americans kept on spending in September as income gains cooled, pushing down the savings rate to the lowest this year. Inflation matched...
BOTH HASBRO AND MATTEL warned investors in earnings calls this week that there are still more quarters of pain ahead after losing Toys R Us as a customer. / BLOOMBERG NEWS FILE PHOTO/JASON ALDEN

Not all fun and games for toymakers as Toys R Us...

NEW YORK - Major toymakers are still reeling from the loss of Toys R Us, even as retailers from Best Buy Co. to Party...
THE RHODE ISLAND PUBLIC EXPENDITURE COUNCIL has released a summary and projection of factors it considers important in relation to the three general obligation bond ballot initiatives included in the upcoming election.

RIPEC issues breakdown of state debt, revenue and bond referendums

PROVIDENCE – The Rhode Island Public Expenditure Council released a report Friday that analyzed the state’s budget outlook, debt position and their relation to...
MARKET VOLATILITY remained high Friday with the S&P 500 on track for the worst month in eight years. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Stocks pare losses; S&P 500 flirts with correction

NEW YORK - United States stocks staggered back from a rout that took the S&P 500 Index into a correction, though major average remained...
MASSBENCHMARKS' current economic index estimated the Massachusetts gross domestic product increased at a 3.3 percent annualized rate in the third quarter and projected a leading GDP of 2.1 percent over the next six months. / COURTESY MASSBENCHMARKS

MassBenchmarks: Mass. GDP grows at annualized 3.3% in Q3

PROVIDENCE – The Massachusetts gross domestic product grew at an estimated annualized 3.3 percent, according to the MassBenchmarks current economic index, released Friday.The national...
- Featured Event -

Latest News

A summit on the topics of diversity and inclusion will be held at the start of the awards program. Attendees will learn from experts during a discussion of best practices. For details, including the list of winners, panelists and ticket information, click below.

Wednesday December 5, 2018

Crowne Plaza, Warwick
8am–11am