BURRILLVILLE – Charcuterie Artisans, the parent company of Rhode Island-based food maker Daniele International LLC and Creminelli Fine Meats of Utah, announced Tuesday that it has been acquired by an investment fund managed by Industrial Opportunity Partners. Charcuterie Artisans said it will now expand capacity at both its production facilities in the Mapleville section of […]| Providence Business News
WASHINGTON (AP) – The income for the typical U.S. household barely rose last year and essentially matched its 2019 peak, the Census Bureau said Tuesday, a stark illustration of the impact that the pandemic inflation spike had on Americans’ finances. The report also showed that the highest-earning households received healthy inflation-adjusted income increases, while middle- […]| Providence Business News
PROVIDENCE – AstroNova Inc. on Tuesday reported a $1.2 million loss in the high-technology electronics manufacturer’s fiscal 2025 second quarter, widening its loss from $311,000 a year ago. The company reported a loss of 16 cents per diluted share compared with the loss of 4 cents per diluted share a year prior Revenue AstroNova totaled […]| Providence Business News
WARWICK – Twenty-two local business industry leaders were formally recognized Thursday evening for their leadership efforts across multiple sectors in Providence Business News’ 2025 Leaders & Achievers Awards program. The individuals were among the 225 attendees at Thursday’s ceremony at Aldrich Mansion. The 22 business professionals were chosen for this year’s program – now in […]| Providence Business News
PROVIDENCE – One of Realtor.com’s 2025 top 10 zip codes is in Rhode Island. Cumberland is the No. 8 hottest zip code in the nation, according to the online Realtor. To determine its rankings, researchers studied Realtor.com data from January to June 2025 that included unique viewers per property and number of days a listing […]| Providence Business News
PROVIDENCE – The median price of single-family homes sold in Bristol County, Mass., increased to $545,000 in July, rising 3.8% from the same month the previous year, The Warren Group said Tuesday. The median price of a single-family home across Massachusetts was $665,700 in July, a 2.3% increase from one year prior. However, The Warren […]| Providence Business News
Butler Hospital’s unionized workforce declared Tuesday that they made “movement” on wages and health plan costs to hospital owner Care New England during hours of negotiations last week. Care New England CEO Michael Wagner chose a different noun for the union’s counterproposal in an email he wrote last week: “Ultimatum.” The disconnect between management and […]| Providence Business News
Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter, according to data from home loan data tracker ICE Mortgage Technology. In a cash-out refinance, a homeowner takes out a loan for more […]| Providence Business News
WASHINGTON (AP) – U.S. inflation was unchanged in July while a measure of underlying inflation rose to its highest level in five months as tariffs push the price of imported goods higher while gas and grocery prices cooled. Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same […]| Providence Business News
PROVIDENCE – The Rhode Island home price index increased 6.79% year over year in June, the third-highest growth rate in the nation, according to Cotality, formerly CoreLogic Inc. Rhode Island’s home sale price growth rate in June was well above the national growth rate of 1.7%, Cotality said. Connecticut has the highest growth rate […]| Providence Business News
PAWTUCKET – After years of clashing local concerns and state financial support, an upcoming “last mile” distribution facility has broken ground in Pawtucket. The 160,000-square-foot facility, known as the Blackstone Distribution Center, is under construction at 1 Moshassuck St., about 3 miles north of downtown Providence. Developer JK Equities LLC anticipates “substantial completion by August […]| Providence Business News
LOS ANGELES (AP) – Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford. A homebuyer now needs to earn at least $114,000 a year to afford a $431,250 home – the national median listing price in April, according to data released Thursday […]| Providence Business News
PROVIDENCE – The Rhode Island home price index increased 6.7% year over year in December, according to CoreLogic Inc. Rhode Island’s HPI growth rate in December was higher than the national growth rate of 3.4%, CoreLogic said. Connecticut posted the highest growth rate in the nation at 7.8%. New Jersey had the second-highest growth […]| Providence Business News
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts. The average rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year […]| Providence Business News
PROVIDENCE – It is unlikely that President Donald Trump will be able to quickly rein in the sticky inflation that has slowed economic growth during the years of unprecedented spending by the federal government. That was the analysis presented Thursday morning by Thomas Tzitzouris, head of fixed income research at New York City-based Strategas Research […]| Providence Business News