Updated July 28 at 5:27am
Economic Activity
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A long-discussed plan to expand passenger rail service to Pawtucket and Central Falls got a boost on Wednesday from a $13.1 million federal TIGER grant which will help build a new commuter rail station here, something the mayor of Pawtucket called a “game changer.” more
The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter, suggesting conditions are getting more favorable for an increase in borrowing costs. more
The cash sales share of total home sales fell 9.7 percentage points over the year in April in the Providence-Warwick-Fall River metropolitan area to 23.1 percent, CoreLogic said Wednesday. more
Banco Santander SA’s profit fell in the second quarter as Spain’s biggest bank absorbed costs from closing branches and cutting jobs in its home market, where its lending business showed further signs of pressure. more
Hoping to generate support and excitement for a local food and drink-related venue on the Providence waterfront, Eat Drink RI will preview its Central Market concept on Aug. 6. more
A new report on Rhode Island’s food system, “Update to the RI Food Assessment: 2011-2016 and Beyond,” was released this week by the Rhode Island Food Policy Council, the R.I. Department of Environmental Management and the Rhode Island Foundation. more
The median sale price of a single-family home in June reached $372,000, the highest in Massachusetts history, surpassing the past record of $370,000 set in August 2005, The Warren Group said Tuesday. more
Purchases of new U.S. single-family homes rose in June to the highest level in more than eight years, indicating a firm and resilient housing market. more
Ron Levitt could have retired 16 years ago when he sold his bustling optometry practice in Rocky Hill, Conn. Instead, he kept his white coat on, found two part-time gigs seeing patients and continued working. more
A coalition of environmental groups is urging New York officials to move forward with delayed plans to approve a 90-megawatt wind farm off the coast of Long Island. more
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