
46. Rhode Island
Population: 1,112,308
GDP growth (Q1 2025): 0.2%
Unemployment rate (May 2025): 4.9%
Top corporate tax rate: 7%
Top individual income tax rate: 5.99%
Gasoline tax: 56.52 cents/gallon
Bond rating (Moody's/S&P): Aa2, Stable/AA, Stable
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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Forbes
a few seconds ago
- Forbes
Will Harley-Davidson Stock Rise On Its Upcoming Earnings?
ST PETERSBURG, RUSSIA - 2025/05/18: Harley Davidson logo seen on a motorcycle during the general ... More motorcycle race. (Photo by Artem Priakhin/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Harley-Davidson (NYSE:HOG) is anticipated to announce its Q2 2025 earnings on Wednesday, July 30, 2025. Consensus forecasts suggest earnings of approximately $0.96 per share, a decline from $1.63 in the same quarter last year, while revenue is expected to reach around $1.1 billion, representing nearly a 19% decrease year-over-year. This significant fall indicates a diminishing interest in Harley's high-end, lifestyle-oriented motorcycles, as consumer confidence remains low amid elevated interest rates and widespread economic uncertainty. Furthermore, tariffs enacted during the Trump Administration may complicate the company's global supply chain and increase costs for specific imported parts. Harley-Davidson has retracted its full-year 2025 outlook due to uncertainties related to trade policies and macroeconomic fluctuations. Nonetheless, management has stated its commitment to cost control and stricter inventory management to better address these challenges. The company currently holds a market capitalization of $3.0 billion. Revenue for the past twelve months was $4.8 billion, and it achieved operational profitability, generating $314 million in operating profits and $354 million in net income. Much will hinge on how the results compare against consensus predictions and market expectations, but recognizing historical trends may work in favor of those involved in event-driven trading. There are two approaches to achieve this: either grasp the historical odds and position yourself ahead of the earnings announcement, or analyze the correlation between immediate and medium-term returns following earnings and adjust your position accordingly after the earnings are disclosed. That said, if you are looking for upside potential with reduced volatility compared to individual stocks, the Trefis High Quality portfolio offers an alternative, having surpassed the S&P 500 and provided returns of over 91% since its launch. View earnings reaction history of all stocks Here are some insights regarding one-day (1D) post-earnings returns: Over the past five years, there have been 17 earnings data points recorded, with 11 positive and 6 negative one-day (1D) returns noted. To summarize, positive 1D returns occurred approximately 65% of the time. and one-day (1D) returns noted. To summarize, positive 1D returns occurred approximately 65% of the time. This percentage, however, drops to 64% when analyzing data from the last 3 years instead of 5. The median of the 11 positive returns is 7.8%, and the median of the 6 negative returns is -6.8% Further data concerning observed 5-Day (5D) and 21-Day (21D) returns post earnings is encapsulated along with the relevant statistics in the table below. HOG 1D, 5D, and 21D Post Earnings Return Trefis A less risky strategy (though ineffective if the correlation is weak) is to determine the correlation between short-term and medium-term returns post earnings and target the pair with the strongest correlation to execute the necessary trade. For instance, if 1D and 5D exhibit the highest correlation, a trader could position themselves 'long' for the subsequent 5 days if the 1D post-earnings return is positive. Below is some correlation data based on 5-year and 3-year (more recent) historical performance. It's important to note that the correlation 1D_5D reflects the relationship between 1D post-earnings returns and the following 5D returns. HOG Correlation Between 1D, 5D, and 21D Historical Returns Trefis Occasionally, the performance of peers can influence the stock's reaction following earnings. In fact, market adjustments may begin prior to the announcement of the earnings. Below is historical data showcasing the post-earnings performance of Harley-Davidson stock in comparison to the stock performance of peers who reported earnings just before Harley-Davidson. For equitable comparison, peer stock returns also reflect one-day (1D) post-earnings results. HOG Correlation With Peer Earnings Trefis Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (which combines all three: the S&P 500, S&P mid-cap, and Russell 2000) to deliver considerable returns for investors. Alternatively, if you desire upside potential with a smoother experience than investing in a single stock like Harley-Davidson, consider the High Quality portfolio , which has surpassed the S&P and achieved returns exceeding 91% since inception.


Fox News
a few seconds ago
- Fox News
Could Senator Adam Schiff really go to jail over alleged mortgage fraud?
Federal Housing Finance Agency (FHFA) Director William Pulte sent a criminal referral to Attorney General Pam Bondi in May alleging that California Democrat Sen. Adam Schiff "has, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property." What is the gist of the complaint? That Schiff, while representing a California district in the House of Representatives, falsely listed his posh Maryland home as his primary residence in order to get more favorable loan terms when, in truth and in fact, his California condo, which he designated as his primary residence in order to qualify for a California homeowner's tax exemption, was his real primary residence. Even worse, according to the referral, Schiff claimed his Burbank condo as his primary/principal residence in California tax filings during the same years he listed his Maryland home as his primary/principal residence on loan applications to finance that home. Schiff's response to the criminal referral and to subsequent Truth Social posts by President Donald Trump was one we often see in white collar cases. Per the senator's office, "the lenders who provided the mortgages for both homes were well aware of then-Representative Schiff's Congressional service and of his intended year-round use of both homes, neither of which were vacation homes." That's not much of a denial, senator. The question is whether you lied on these forms or not. Were your answers accurate or not, and if they were inaccurate, were the answers a mistake or intentional? The devil is always in the details in white-collar cases like this. Which representatives of which particular lenders "were well aware" that Schiff intended to use both homes year-round, and why does that matter? The issue is whether Schiff intentionally lied on federal or state forms to gain a financial advantage. If he falsely listed his Maryland home as his primary residence in order to get a lower interest rate, that matters too. (After all, similar alleged falsehoods by Donald Trump were used by New York Attorney General Letitia James to go after Trump in her massive New York state civil action.) Did Schiff lie on California tax forms to gain an exemption he was not entitled to, and, if so, does it implicate any federal criminal statutes? This is what inquiring minds want to know, and we just don't have enough information at this stage to know all the answers. Based on what we do know, how likely is it that Schiff will be indicted for violating one of several federal bank fraud statutes that potentially cover his conduct? Not very likely. Here are several reasons why: The devil is always in the details in white-collar cases like this. Which representatives of which particular lenders "were well aware" that Schiff intended to use both homes year-round, and why does that matter? This leaves open the possibility of a state of California prosecution for filing false tax returns. Would you care to place any bets on that happening? The bottom line is this: Schiff's alleged conduct may be sleazy and his explanation shifty, but a criminal charge at the federal or state level does not seem to be in the offing.

Wall Street Journal
2 hours ago
- Wall Street Journal
Heard on the Street Friday Recap: European Negotiation
The S&P 500 closed at a record for the fifth session in a row. The S&P advanced 0.4% Friday and the Nasdaq Composite rose 0.2%, both hitting all-time highs. The Dow Jones Industrial Average added 208 points. Calmer Federal Reserve politics boosted the dollar. After a visit to the Fed's headquarters renovations, President Trump said he didn't think it was necessary to fire Chair Jerome Powell. The WSJ Dollar Index rose about 0.3%, while gold fell.