Tag: Great Recession
U.S. consumer confidence plummets to COVID-era low as trade war stokes...
WASHINGTON (AP) – Americans' confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19...
Wildfires could threaten stability of financial markets
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems American homeowners rely on to...
Washington Trust reports $28.1M loss in 2024 because of ‘repositioning’ strategy
WESTERLY – Washington Trust Bancorp Inc. has posted a loss of $28.1 million for 2024 after the bank "repositioned" its balance sheet in December...
It’s not if but when on recession, so get ready
Inflation and a looming recession have weighed heavily on local business owners and state leaders for months. And with good reason, as this week’s...
If a recession comes this year, how will it affect the...
Thomas Tzitzouris, head of fixed income research at Strategas Research Partners, expects the Federal Reserve will raise its benchmark interest rate until it maxes...
Shutterfly CEO sees ‘choppy’ times through her economic lens
SAN FRANCISCO (AP) – While other technology companies lay off workers and try to cut other costs amid a post-pandemic comedown, Shutterfly CEO Hilary...
PBN survey: Businesses beat down but still fighting
The worst of the health-related ravages of the pandemic may be over nationally if you believe President Joe Biden. But the economic consequences continue...
U.S. consumers gaining confidence as gas prices keep falling
WASHINGTON (AP) – U.S. consumers grew more confident for the second month in a row as gas prices continued to fall.
The Conference Board said...
Call to arms for government, businesses
On the occasion of Providence Business News’ 35th anniversary, six business and community leaders joined in a virtual discussion on Rhode Island’s economy –...
PBN survey: Rebound under way, but repercussions from pandemic not making...
Rhode Island businesses are climbing out of the crater caused by the COVID-19 pandemic, but many are finding that the lingering fallout is dampening...
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