Tag: Economy
Retail sales up 1.7% in March from February driven by a...
NEW YORK (AP) – Shoppers accelerated their spending in March from February, but they spent most of their money at the gas pump.
A spike...
U.S. wholesale prices surged 4% last month as the Iran war...
WASHINGTON (AP) – U.S. wholesale prices surged last month as the Iran war drove up the cost of energy.
The Labor Department reported Tuesday that...
Heritage buys while others hesitate in stagnant economy
Don’t tell Nicholas Schorsch about Rhode Island’s stagnant economy. While local economists have debated over the past 18 months whether the state has or...
Lardaro: R.I. began 2026 in a recession
PROVIDENCE – The state’s economy began 2026 in a recession, University of Rhode Island economist and professor Leonard Lardaro said Thursday in his monthly...
Key inflation gauge remains elevated in February before Iran war
WASHINGTON (AP) – A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs...
R.I. business leaders express confidence during annual Chamber outlook breakfast
WARWICK – Rhode Island business leaders remain confident in their own companies despite ongoing pessimism about the national economy, according to a survey conducted...
Job openings slide to 6.9M in February, another hint of sluggish...
WASHINGTON (AP) – U.S. job openings fell last month to 6.9 million and hiring was weak, more signs of sluggishness in the American labor...
Federal Reserve keeps rates steady, projects 1 rate cut this year
WASHINGTON (AP) – Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still...
U.S. producer prices rose by a surprisingly hot 3.4% last month,...
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected in February.
The Labor Department reported Wednesday that its producer price index – which...
Dow drops 1,000 points after oil spikes to its highest price...
NEW YORK (AP) – The Dow Jones Industrial Average dropped more than 1,000 points Thursday after the price of oil spiked to its highest level...
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