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THE U.S. ECONOMY expanded at a 2.1% annualized rate in the 2019 second quarter, driven in large part by increased consumer spending. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. growth slows to 2.1% as trade tensions weigh on businesses

WASHINGTON – U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports...
NEW YORK, NEW JERSEY and Connecticut have sued President Donald Trump’s administration over a provision in the 2017 tax law that limited write-offs for state and local taxes. / BLOOMBERG FILE PHOTO/ANDREW HARRER

N.Y., N.J. & Conn., pursue another battle in SALT deduction war

NEW YORK – New York, New Jersey and Connecticut are again suing President Donald Trump’s administration over a provision in the 2017 tax law...

Trio of R.I. researchers to receive presidential science award

PROVIDENCE – Two Brown University faculty members have been chosen by the White House to receive the Presidential Early Career Award in Science and...
THE UNITED STATES budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year,/ BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget gap widens to $747B in 9 months through June

WASHINGTON – The United States budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising...
THE WHITE HOUSE abandoned a push to end rebates paid to middlemen who negotiate drug prices on behalf of health insurers. CVS Health Corp.'s stock jumped up to 7% Thursday following the announcement. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

White House pulls the plug on proposed drug-rebate overhaul, CVS stock...

WASHINGTON – The White House abandoned a push to end rebates paid to middlemen who negotiate drug prices on behalf of health insurers, a...

Trump funds pilot program for military veteran small-business owners

PROVIDENCE – The U.S. Small Business Administration is partnering with the Veteran Entrepreneurial Training and Resource Network to establish a pilot training program for...
HYDROELECTRIC DAMS, solar panels and wind turbines generated almost 68.5 million megawatt-hours of power in April, eclipsing the 60 million that coal produced that month, Energy Information Administration data. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

For first time, renewables surpass coal in U.S. power mix

NEW YORK – For the clearest sign yet that renewable energy has gone mainstream, consider this: Clean-energy resources supplied more of America’s electricity than...
PRESIDENT DONALD TRUMP signed an executive order that requires HHS to propose a way to make health care providers and insurers give patients an estimate of their out-of-pocket costs ahead of service. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

Trump order pushes for disclosure of secret health prices

NEW YORK – President Donald Trump called for hospitals to disclose to patients up front how much they charge for tests, surgeries and other...
U.S COMPANIES REPATRIATED $876.8 billion from the Republican overhaul of the international tax system and the end of the first quarter of 2019. President Donald Trump said $4 trillion would return as a result of the law. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Corporate America is repatriating a fraction of foreign profits

WASHINGTON – Corporations brought $100.2 billion of overseas profits back to the United States in the first quarter, marking $876.8 billion that has returned...
THE FEDERAL RESERVE left their key interest rate in a range of 2.25% to 2.5% on Wednesday. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed scraps ‘patient’ rate approach in prelude to potential cut

WASHINGTON – The Federal Reserve indicated a readiness to cut interest rates for the first time in more than a decade to sustain a...
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