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KARL WADENSTEN, second from left, CEO and president of VIBCO Inc., makes a point during the panel discussion at Providence Business News' 2023 Economic Trends Summit in Providence on Thursday. Also on the panel is, from left, Thomas Tzitouris, head of fixed income research at Stratgas; Peter R. Phillips, senior vice president and chief investment officer at Washington Trust Wealth Management; Julietta Georgakis, chief of staff for the R.I. Executive Office of Commerce; and Kevin Casey, vice president of sales at Sweeney Real Estate & Appraisal. At far right is PBN Editor Michael Mello, the moderator. / PBN PHOTO/MIKE SKORSKI

PBN summit panel: Economic indicators say recession coming in 2023

PROVIDENCE – In many ways, the party is over. At least that's the way the panelists at Providence Business News’ Economic Trends Summit on Thursday...

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...

December retail sales fall 1.1% as inflation takes a toll

NEW YORK (AP) – Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising...

U.S. wholesale inflation slowed further in December to 6.2%

WASHINGTON (AP) – Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight slowdown and a hopeful...

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...

U.S. consumer inflation eased again to 6.5% in December 

WASHINGTON (AP) – Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this...

U.S. hiring stays brisk as employers add 223,000 jobs 

WASHINGTON (AP) – America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the...

U.S. jobless claim applications fall to lowest in 14 weeks

WASHINGTON (AP) – The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting...

U.S. job openings fell slightly in November yet still high

WASHINGTON (AP) – U.S. job openings slipped in November but remained high suggesting businesses remain determined to add workers, a blow to the Federal...

Applications for U.S. unemployment aid hold steady

WASHINGTON (AP) – The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal...
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