Trade
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Following a drop of 1.9 percent in June, an index of America’s leading economic indicators gained 1 percent in July. more
Exports from Rhode Island plunged 23.1 percent in May, following a 7.4 percent increase in April, according to an international trade statistics report from e-forecasting.com. more
Oil traded near its lowest in a week in New York on speculation that an increase in U.S. crude stockpiles signaled slowing demand in the world’s biggest consumer of the commodity. more
Rhode Island’s gasoline prices rose 7 cents this week. The jump marks the first increase in Ocean State pump prices in 13 weeks, according to AAA Southern New England. more
Oil rose for a third day, the longest winning streak in a month, as slowing growth in China fueled stimulus speculation and U.S. equities advanced. more
Rhode Island exporters stand to gain from a growing Russian market, according to Business Roundtable. more
U.S. stocks retreated, snapping a three-day advance for the Standard & Poor’s 500 Index, as disappointment over the European Central Bank’s efforts to tame the debt crisis overshadowed improving American employment data. more
Orders placed with U.S. factories rose in May for the first time in three months, easing concern that manufacturing is faltering. more
Rhode Island’s gasoline price dropped 4 cents this week in the 11th consecutive week of declines, according to AAA Southern New England. more
Oil declined in New York as euro-area unemployment reached the highest level on record, prompting speculation that crude’s surge last week, its biggest in three years, may have been excessive. more
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