Friday, February 23, 2024

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GROWTH ­BARRIER: Thomas Tzitzouris, head of fixed income research at Strategas Research Partners, tells attendees of Providence Business News’ recent Economic Trends Summit that limited small-business creation is a weak spot in the state’s economy. 
PBN FILE PHOTO/MIKE SKORSKI

Glass half empty or full, economy needs biz investment to soar

Whatever your opinion is about the health of Rhode Island’s economy, there’s data to support it. If you think there’s cause for celebration, avoiding to...
­Christopher Decker

The Federal Reserve seems content to play the waiting game

If there’s one thing you can say about Fed policymakers, it’s that they don’t make decisions on a whim. When the Federal Open Market...

Retail sales fall 0.8% in January from December

NEW YORK (AP) – Americans took a break from spending in January after the traditional holiday season splurge. Retail sales fell 0.8% in January from...
ECONOMIC STIMULUS: Thomas Tzitzouris, head of fixed income research at Strategas Research Partners, tells attendees of Providence Business News’ Economic Trends Summit that the U.S. Treasury has been performing CPR lately – “consumer purchase resuscitation.” 
PBN PHOTO/MIKE SKORSKI

Influence of election cycle on economic policy is questioned

The 2024 race for the White House is already influencing federal economic policy and market behavior and will continue to do so until voters...
WELL STOCKED: Papis Refrescos LLC owner Victor Regino remains hopeful despite challenges he sees for his business and the broader state economy. 
PBN FILE PHOTO/­MICHAEL SALERNO

Business owners not rushing to expand post-pandemic

Rhode Island business owners know they have been through worse but they’re not quite ready to say that’s all behind them. That’s the biggest takeaway...

Job gains and free-spending shoppers lifted Wall Street in 2023, but...

NEW YORK (AP) – Job gains and raises helped power solid economic growth in the U.S. last year, but what if those gains were a mirage?  Gross...
Andre ­Herrera

Unlocking R.I.’s future with blockchain tech

In the ever-evolving landscape of technology, few innovations have captured the imagination quite like blockchain. A decade ago, the concept of a decentralized ledger...
RHODE ISLAND appears to be moving out of its "statistical recession" due to an economic improvement that occurred between August and November, according to University of Rhode Island economist and professor Leonard Lardaro. / PBN FILE PHOTO/MICHAEL SALERNO

Lardaro: R.I. could be emerging from ‘statistical recession’

PROVIDENCE – Rhode Island appears to be moving out of its "statistical recession" due to economic improvements that occurred between August and November, University...

U.S. employers add a surprisingly strong 216K jobs in December

WASHINGTON (AP) – The nation's employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the...

Looking ahead

Are you optimistic that 2024 will be a good year for your company? Somewhat: 67% Yes: 33% No: 0% Unsure: 0% What growth is your company hoping for this...
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