Monday, May 29, 2023

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Lardaro: Weak March performance brings R.I. closer to recession

PROVIDENCE – University of Rhode Island economist and professor Leonard Lardaro said Tuesday he is more convinced that Rhode Island is continuing to move...

Don’t panic: R.I. business leaders advise caution, planning

PROVIDENCE – Business leaders in Rhode Island are urging caution and careful planning as the nation braces itself for a recession, interest rates continue...

Survey: Small business remains bullish about prospects

PROVIDENCE – The majority of U.S. small-business owners, 72%, are concerned about the impact of a potential recession, however 76% are confident their business...

Key inflation gauge tracked by Fed remained high in March 

WASHINGTON (AP) – A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed...
Christopher ­­Decker

Fed policy may be paying off, but pain to come

The latest jobs report shows that the Federal Reserve’s policy on inflation appears to be working. That’s the good news. The bad news is...

Recession concerns?

Are you concerned about a possible recession looming? Yes: 100% No: 0% Was your company impacted in any way from the 2008 recession? Yes: 100% No: 0% Are recession fears...
BIG DRAW: The Ocean Race is coming back to Newport for a week in May. More than 100,000 people visited the race village in Newport in 2015, pictured above, and again in 2018. 
COURTESY OCEAN RACE/MARC BOW

With recession looming, think big on tourism

This is a big year for Rhode Island tourism, starting with the impending release of the first major statewide campaign since 2017. Rhode Island tourism...

2023 U.S. recession now expected to start later than predicted 

WASHINGTON (AP) – A majority of the nation's business economists expect a U.S. recession to begin later this year than they had previously forecast,...
SEEKING CLIENTS: Robert Wheeler, co-owner of Friends of Toto Inc., a dog day care and grooming business in Pawtucket, spent $400,000 to double his business space to accommodate growing customer demand but now he must find additional customers to cover the construction costs of expansion.
PBN PHOTO/MICHAEL SALERNO

Preppin’ for RECESSION. PBN survey: Talk of a coming downturn is...

If and when the country will slip into a recession depends on who you ask, but the gloom is already settling over Rhode Island...

The pain of Uncle Sam’s higher interest payments

Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. Uncle Sam is too. The...
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