Wednesday, February 1, 2023

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U.S. economy slowed but still grew at 2.9% rate last quarter

WASHINGTON (AP) – The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of...

Treasury Dept. now taking ‘extraordinary measures’ on debt

WASHINGTON (AP) – The countdown toward a possible U.S. government default is in the offing, and frictions between President Joe Biden and House Republicans are...

Bank of America profits rise; bank warns of slowing economy

NEW YORK (AP) – Bank of America's fourth-quarter profits rose slightly from a year ago, as higher credit costs and potentially bad loans more...

Bank of America awards $200K to New Urban Arts, Housing Network...

PROVIDENCE – Two Rhode Island organizations were recently awarded $200,000 each through Bank of America Corp.’s 2022 Neighborhood Builders program, according to a news...

U.S. retail sales rose 1.3% last month, a sign of resilience

WASHINGTON (AP) – Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday...

Fraud, scam cases increasing on Zelle, Senate report finds 

NEW YORK (AP) – Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report...

U.S. inflation slips from 40-year peak but remains high 8.5%

WASHINGTON (AP) – Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall...

Fed unleashes another big rate hike in bid to curb inflation

WASHINGTON (AP) – The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight...
A LEADERSHIP TEAM MEETING held recently by Neighborhood Health Plan of Rhode Island, led by its medical director Dr. Christopher Ottiano, was conducted using a hybrid format, with some people tuning in remotely and others in attendance at the organization's headquarters in Smithfield. / COURTESY NEIGHBORHOOD HEALTH PLAN OF RHODE ISLAND

‘Hybrid’ return to office gaining steam in R.I.

PROVIDENCE – Many Rhode Island employees have slowly been returning to the office over the past year, but the office hasn’t returned to normal...

Bank of America Q1 profits fall 12%, much less than rivals  

NEW YORK (AP) – Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less...
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