Updated February 24 at 12:29am
Local News
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The Providence-Warwick-Fall River metropolitan area ranked 156th out of 358 metros in the United States for its 1 percent construction job growth in December compared with December 2015, the Associated General Contractors of America said Wednesday. more
The Ocean House hotel in the Watch Hill section of Westerly is the only hotel in Rhode Island that received the 2017 AAA Five Diamond Award, AAA’s highest designation. more
The R.I. Department of Revenue said December revenue came in $16.5 million, or 5.5 percent, lower than what was expected. more
Consumer confidence rose in January to a 13-year high, reflecting ongoing optimism about post-election fiscal policies and their impact on economic growth. more
U.S. economic growth slowed more than forecast last quarter on the biggest drag from trade in six years and more moderate consumer spending. Business investment picked up, which may be a harbinger for faster expansion in 2017. more
As Rhode Islanders dig out from yesterday’s blizzard, the National Weather Service says more snow is forecast for tonight, and for Sunday night into Monday morning. more
The number of Americans filing applications for unemployment benefits unexpectedly declined last week to match a more than 42-year low, indicating employers are upbeat about an economy that bogged down in the first quarter. more
Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank should wait until at least next month to consider raising interest rates because of a slowing labor market and the British vote on European Union membership, adding his voice to the argument for a delay ahead of a speech by Chair Janet Yellen. more
Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. more
Sears Holdings Corp., the struggling retailer run by hedge fund investor Eddie Lampert, will shut almost 80 stores as part of a push to make the company profitable again. more
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