Providence Business News
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Providence Business News provides local business news for Rhode Island and Southeastern Massachusetts. Our mission is to be the trusted business news and information source for the Rhode Island and Southeastern MA business community providing timely, insightful, in-depth and breaking news coverage that advances individual and company growth and success in local, state and global markets.
Providence Business News
7h ago
PROVIDENCE – Paul Casey will join Citizens Financial Group Inc. as its new head of wealth management, effective July 9, the company announced. In this role, Casey will focus on accelerating the bank’s “strong and growing momentum in wealth, an increasingly critical component of the bank’s strategy following the launch of Citizens Private Bank in ..read more
Providence Business News
7h ago
James Low Jr. is a partner at Marcum LLP’s Providence office and is in charge of the accounting firm’s New England internal audit services. Low has been with Marcum for a year, and he says companies – and government and not-for-profit entities, for that matter – often overlook the value of internal controls and audits ..read more
Providence Business News
7h ago
WESTERLY – Westerly Community Credit Union and Navigant Credit Union were two of 168 credit unions named as Diamond Award winners in an annual national marketing competition for credit unions. The competition is organized by the Marketing & Business Development Council of industry group America’s Credit Unions, which was formed in the recent merger of ..read more
Providence Business News
7h ago
PROVIDENCE – The Capital Good Fund, a nonprofit that offers loans to low- and moderate-income families, has received a $1 million investment from First Citizens Bank. The Capital Good Fund will use the funding to provide Impact, Immigration, and DoubleGreen Weatherization loans in five of the states that it serves, including Massachusetts, Florida, Georgia, Texas ..read more
Providence Business News
13h ago
NEW YORK (AP) – U.S. stocks slumped Monday after higher yields in the bond market caused by a strong U.S. economy cranked up the pressure on Wall Street. The S&P 500 tumbled 1.2%, following up on its 1.6% loss from last week, which was its worst since October. The Dow Jones Industrial Average dropped 248 points ..read more
Providence Business News
13h ago
CRANSTON – The Rhode Island Brotherhood of Correctional Officers on Monday blasted the R.I. Department of Corrections leadership in the wake of several inmate deaths and a half-dozen other recent violent incidents in the state prison, warning of “unsafe conditions for both inmates and correctional officers” that could “rapidly increase in severity.” The union said ..read more
Providence Business News
15h ago
PROVIDENCE – As Tesla Inc. plans to lay off more than 10% of its global workforce, potential impacts on Rhode Island operations – including those at the company’s recently-opened “hub” in Providence – remain uncertain. In an internal email sent Monday morning, Tesla CEO Elon Musk told employees that the electric car company planned “to ..read more
Providence Business News
18h ago
PROVIDENCE – The average weekly price of self-serve, regular unleaded gasoline in Rhode Island increased 5 cents to $3.38 per gallon this week. That is 25 cents lower than the national average, AAA Northeast said on Monday. The agency warned that gasoline prices could spike by double digits this week once the switch to summer blend fuel ..read more
Providence Business News
18h ago
PROVIDENCE – The Federal tax deadline has been extended for residents in three Rhode Island residents affected by last winter’s storms. The Internal Revenue Service announced on April l4 that taxpayers in Providence, Kent and Washington counties affected by the storms last December and January now have until July 15 to file their federal individual ..read more
Providence Business News
18h ago
Harut Matkasyan watches cars back up from the I-195 Washington Bridge to his East Providence restaurant with a growing sense of hopelessness. The streets are clogged, but his Portuguese restaurant and banquet hall on North Broadway feels empty. Also disappearing: his profit margin. Business remains down by more than one-third, four months after the abrupt ..read more