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Noted economist warns Trump’s 25% tariffs could add $4,711 to the...

WASHINGTON (AP) – Noted economist Arthur Laffer warns in a new analysis that President Donald Trump's 25% tariffs on auto imports could add $4,711...

U.S. inflation remained elevated last month as consumer spending recovered 

WASHINGTON (AP) – An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been...
STAYING AFLOAT: Delite Primus, left, director of advancement for Farm Fresh Rhode Island, speaks with Harvest Kitchen Production Manager Charreese Braxton at Farm Fresh’s Providence location on Sims Avenue. Farm Fresh recently had to lay off four employees and is seeking financial assistance amid a federal funding freeze imposed by President Donald Trump’s administration.
PBN PHOTO/MICHAEL SALERNO

Hurting R.I. nonprofits eye offers of financial help

A federal funding freeze is putting the hurt on Farm Fresh Rhode Island, and now the nonprofit’s administrators are looking for any other funding...

U.S. economy grew 2.4% in the 4th quarter after upgrade in...

WASHINGTON (AP) – The U.S. economy expanded at a healthy annual 2.4% pace the final three months of 2024, supported by a year-end surge in...

New England grid operator tells Congress offshore wind critical to future...

The head of New England’s energy grid underscored the importance of offshore wind for the future of the region’s power supply during a congressional...

Judge rules DOGE’s USAID dismantling likely violates the Constitution

WASHINGTON (AP) – The dismantling of the U.S. Agency for International Development likely violated the Constitution, a federal judge ruled Tuesday as he indefinitely...

Two judges in mass firings cases order Trump administration to rehire...

SAN FRANCISCO (AP) – Two federal judges handed down orders requiring President Donald Trump's administration to rehire thousands, if not tens of thousands, of probationary...
SHINING EXAMPLE: The shingle-style house known as Fowler’s Rocks in Jamestown, which includes a sweeping 6-acre yard on the east shoreline of the island, was the highest-priced house sale in Rhode Island in 2024 at $12.25 million. 
COURTESY COMPASS INC.

THE HIGH-END REVIVAL: Sales of luxury homes rebound to record level...

Rhode Island’s real estate market was a big double-edged sword in 2024, and it’s not clear if that’s ­going to change anytime soon. After a...
Art Durnev

Trump’s actions can’t be good for stock market … or can...

Ever since Donald Trump returned to the White House in January, stock market expectations have been volatile – driven in part by a healthy...
ON THE DECLINE? The estimated annual amount of overdraft fees collected by U.S. banks and credit unions has dropped from a high of nearly $12 billion in 2019 to $5.3 billion in 2023. But the Consumer Financial Protection Bureau rule would cut further into that revenue.
SOURCE: Federal Deposit Insurance Corp. data; Federal Financial Institutions Examination Council

Bankers fight to overturn rule on overdraft fees

A proposed banking regulation that one federal agency says will save Americans $5 billion a year in overdraft fees is facing strong opposition from...
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