Updated August 30 at 3:00pm
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For the Federal Reserve to succeed in its mandated bid to anchor inflation higher, it needs to overcome a big demographic hurdle: millennials don’t expect prices to rise anytime soon. more
Local 1 percent meal and beverage tax collections increased 3.1 percent year over year in May, and nearly 8 percent when comparing the first 11 months of the fiscal year with the same time frame last year, the state Department of Revenue said Wednesday. more
Torey Malatia has been named CEO, general manager and president of Rhode Island Public Radio, the NPR member station for Rhode Island. more
Companies in July added workers to U.S. payrolls at a steady pace from the prior month, a private report showed Wednesday, showing the labor market was holding up in spite of broader growth numbers that indicate a slowing in the economy. more
Summer Infant Inc. reported $256,000 in profit, or 1 cent per diluted share, in the second quarter that ended July 2. The gain reversed a second quarter 2015 loss of $3.5 million, or 19 cents per diluted share. more
The battle over U.S. drug prices just got tougher. But the new pressure is coming from CVS, not politicians. more
The 5.3-acre Victory Place site on Eddy Street has been purchased by Rhode Island Hospital, a transaction sought by the hospital for more than a year. more
Japan’s biggest power utilities are pushing ahead with plans to spend more on new turbines to improve the efficiency of their gas-fired power plants in an effort to lower fuel bills amid a protracted debate over the role of nuclear power. more
Companies added more workers in November than forecast, a sign the labor market continues to strengthen, a private report based on payrolls showed. more
With its lease on its Cranston facility expiring in 2018, Citizens Financial Group Inc. is considering building a new campus somewhere in Rhode Island for approximately 4,000 employees. more
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