Updated June 29 at 7:58pm
Local News
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At the annual meeting of the International Tennis Federation held Thursday in the Croatian capital of Zagreb, the International Tennis Hall of Fame announced it would be involved in funding the federation’s development program. more
Personal income for the nation climbed 1 percent on average in the first quarter, the same pace as the fourth quarter, and rose in all states, including Rhode Island, except for Wyoming and North Dakota, according to the U.S. Bureau of Economic Analysis. more
President Barack Obama said Friday that the U.S. respects the decision of U.K. voters to leave the European Union, and that the “special relationship” between the countries would endure. more
U.S. stocks tumbled, joining a worldwide selloff with the Dow Jones Industrial Average dropping more than 350 points, as the U.K.’s decision to leave the European Union fanned speculation that a divided Europe would put another brake on already fragile global growth. more
Orders for U.S. business equipment unexpectedly declined in May by the most in three months, pointing to weakness in investment even before the likely damage to confidence stemming from U.K. voters’ decision to leave the European Union. more
A turbulent start to the open of the London market propelled trading volume as much as 700 percent higher than normal, while at least one dark pool was suspended as investors around the globe digested U.K. voters’ decision to leave the European Union. more
The newly established Heritage Harbor Foundation, the successor of Heritage Harbor Corp., has created a $3.6 million endowment to fund projects concerning Rhode Island history. more
The Federal Reserve’s stress tests of big banks found all 33 have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage. more
Bank of America Corp. admitted to wrongdoing in settling a U.S. regulator’s allegations that it misused billions of dollars in customer funds to finance trades that benefited the firm. more
Purchases of new homes declined in May from an eight-year high as the housing market continued to display the choppy progress that’s been a hallmark of the recovery. more
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