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The Birdhouse
70 Beacon Hill Road
Newport 
Price: $9,000,000
Date sold: July 30, 2018
Buyers: Judith S. and Jerry Sheindlin
Seller: Dorrance H. Hamilton Revocable Trust
Broker: Gustave White Sotheby’s International Realty (buyers and seller)
Year built: 2012
Bathrooms: 6 full, 2 half
Bedrooms: 6
Living space: 14,912 square feet
Previous price: Originally listed for $10,900,000. 
HOLDING COURT: Judy Sheindlin, of the syndicated TV show “Judge Judy,” and her husband, Jerry, purchased The Birdhouse at 70 Beacon Hill Road in Newport for $9 million last July, making it the most expensive home sale in Rhode Island in 2018.
 / COURTESY MICHAEL OSEAN

Despite multi-factor challenges, high-end home sales continue to grow in Rhode...

Despite the up-and-mostly down nature of the stock market in 2018, Rhode Island’s luxury real estate market showed no signs of slowing down. And...

Tax cut winners and losers

President Donald Trump and the Republicans’ tax cut is proving to be vastly more generous for corporate America, and vastly more expensive for taxpayers,...
THE FEDERAL RESERVE, led by Chairman Jerome Powell, raised the federal funds rate target to a range of 2.25 percent to 2.5 percent, the central bank's fourth hike this year. But Powell and company signaled that they expect two rate hikes in 2019, as opposed to the three that were forecast previously. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates, trims forecast for hikes in 2019 to two

WASHINGTON – The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald...

Survey: U.S. companies may be ‘overexposed’ to rising interest rates

PROVIDENCE – About two-thirds of U.S. corporate decision-makers have not locked in favorable rates to mitigate their interest rate and foreign-exchange exposure, a decision...
THE FEDERAL RESERVE left interest rates unchanged Thursday in a unanimous vote and stayed on course to hike in December as strong economic growth, higher tariffs and rising wages look set to spur inflation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed stands pat on interest rates ahead of expected Dec. hike

NEW YORK - The Federal Reserve left interest rates unchanged and stayed on course to hike in December as strong economic growth, higher tariffs...
WEDNESDAY'S SELLOFF in U.S. equity markets continue a recent trend, as rising interest rates and continuing trade spats injected uncertainty into world markets. / BLOOMBERGE NEWS PHOTO/MICHAEL NAGLE

U.S. stocks plunge most since Feb.

NEW YORK – United States stocks tumbled the most since February as fresh concern about the impact of the trade war with China roiled...
THE FEDERAL RESERVE raised federal interest rates a quarter-point, boosting the benchmark federal funds rate to a target range of 2 percent to 2.25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates and says more coming, brushing off Trump jabs

NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into...

Trump wants the Fed to roll back the U.S. economy

Doves on the Federal Reserve evidently have a vocal ally in President Donald Trump. He said recently he’s “not thrilled” about the Fed increasing...
FEDERAL RESERVE OFFICIALS raised interest rates for the second time this year. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS

Fed raises rates; Officials lift outlook to four 2018 hikes

NEW YORK – Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in...

Rising yields won’t blunt the U.S. economy’s momentum – for now

NEW YORK – There’s too much momentum and too little debt for rising interest rates to derail the U.S. economic expansion. That’s the conclusion from...
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