Economic Activity
1021 results total, viewing 331 - 340
The R.I. Department of Revenue collected $10 million more in March than during the same month last year, driven by increased public utility and insurance company tax receipts as well as estate and transfer taxes, the department reported Monday. more
The negative outlook on the U.S.’s AAA credit-ranking was changed to stable by DBRS Inc. amid declining federal budget deficits and after Congress suspended the nation’s debt limit earlier this year until 2015. more
Harsh winter weather dragged down new home construction and Rhode Island’s overall economic performance in February, according to the Current Conditions Index produced by University of Rhode Island economist Leonard Lardaro. February’s CCI of 58 is lower than both January’s figure of 67 and the index for February a year ago, which was also 67, the report states. more
The New England economy appears to be “gaining some steam” and community banks have the ability to post loan growth between 6 and 12 percent in 2014, analysts Matthew Kelley and Matthew Breese of Sterne Agee’s Portland, Maine, office said in an April 7 press release following a tour of Northeast banks. more
Retail sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies, helping the economy recover from a weather-depressed start to the year. more
Gasoline prices rose a penny in Rhode Island and Massachusetts this week, but prices in both states were lower than the national average for the first time in 10 months, according to the weekly survey by AAA Southern New England. more
The number of Americans filling for unemployment insurance payments last week hovered near the lowest level in almost seven years, showing the job market is making progress. more
With the onset of spring, New England businesses are relying on improved consumer confidence and higher sales to drive economic recovery after a difficult first quarter affected by severe winter weather, according to the Federal Reserve Board’s Beige Book released Wednesday. more
The U.S. government’s deficit will fall to $492 billion this year, according to the Congressional Budget Office, a steeper drop than originally predicted from $680 billion in fiscal year 2013. more
Brian T. Moynihan, who runs Bank of America Corp., the second-largest U.S. lender by assets, was among a group of underpaid CEOs last year, according to a study by pay expert Graef Crystal. more
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