CT News Junkie

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Financial Sector

March 5, 2018

Republican Hedge-fund Founder Announces Run for Governor

by Christine Stuart | Mar 5, 2018 7:37pm
Posted to: The Economy | Financial Sector | Election 2018 | State Capitol | Greenwich

Christine Stuart / ctnewsjunkie

HARTFORD, CT — David Stemerman, the Republican who launched a hedge fund in 2008 after moving his family to Connecticut, doesn’t want to live anywhere else.

Continue reading "Republican Hedge-fund Founder Announces Run for Governor" »

Connecticut Has Investments In Gun Makers

by Christine Stuart | Mar 5, 2018 6:30am
Posted to: Business | Public Health | Public Safety | Wall Street | Newtown | Pensions | Manufacturing Sector | Financial Sector

jack kramer / ctnewsjunkie

HARTFORD, CT — The state of Connecticut has $16.5 million or 0.05 percent of its six pension funds and nine trust funds invested in five companies that manufacture guns.

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January 22, 2018

Connecticut Ends Year On Positive Jobs Note

by Christine Stuart | Jan 22, 2018 12:56pm
Posted to: The Economy | Leisure & Hospital Sector | Manufacturing Sector | Financial Sector | Trade, Transportation, Utilities Sector | Labor

jörg röse oberreich via shutterstock
HARTFORD, CT — After months of job losses, preliminary numbers from the U.S. Bureau of Labor Statistics show Connecticut ended 2017 by gaining 6,000 jobs in the month of December.

“December job growth ended the year on a better note than in previous months,” Andy Condon, Director of the Office of Research, said. “Preliminary data indicate that Connecticut grew 7,700 jobs on a seasonally-adjusted basis and 6,200 jobs on an average annual basis. This is actually better than the 5,000 average annual growth seen in 2016.”

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September 14, 2017

Fiscal Dynamics | The State Budget vs. Household Budget Argument

by Brian Sullivan | Sep 14, 2017 12:08am
Posted to: Analysis | Business | Consumer Protection | Opinion | Sponsored Opinion | Financial Sector

shutterstock

People often compare the state budget to a household budget. We hear it all the time:

“If I ran my household like the state, I’d be broke!”

Continue reading "Fiscal Dynamics | The State Budget vs. Household Budget Argument" »

May 31, 2017

Aetna Acknowledges It’s Headquarter Shopping

by Christine Stuart | May 31, 2017 3:35pm
Posted to: Business | The Economy | Financial Sector | Insurance | Jobs | Hartford

ctnewsjunkie file photo HARTFORD, CT — Aetna has had a footprint in the city of Hartford for 164 years. But that footprint might be about to get a little smaller, although no official announcement about a headquarter relocation has been made.

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May 18, 2017

Another Day Another Wall Street Rating Agency Downgrade

by Christine Stuart | May 18, 2017 10:00am
Posted to: The Economy | Financial Sector | State Budget | Pensions | Wall Street

shutterstock It’s been sort of a streak. Three Wall Street rating agencies have downgraded Connecticut’s creditworthiness in the last five days.

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April 11, 2017

Malloy Reminds Lawmakers About Connecticut’s High Fixed Costs, Bond Rating

by Christine Stuart | Apr 11, 2017 11:30am
Posted to: The Economy | Financial Sector | Town News | State Budget | Pensions | Taxes

HARTFORD, CT — Gov. Dannel P. Malloy reminded lawmakers Monday that at least one Wall Street credit rating agency captured the “sobering and credible view” of the budget challenges Connecticut faces.

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February 3, 2017

Lagging Economic Indicator Shows GDP Growth In Connecticut

by Christine Stuart | Feb 3, 2017 6:30am
Posted to: The Economy | Manufacturing Sector | Financial Sector | Labor | Manufacturing

Courtesy of the BEA The U.S. Bureau of Economic Analysis said Connecticut’s economy grew at a 3.6 percent annual rate in the third quarter last year or $261 billion.

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January 31, 2017

Is Aetna Considering Relocating?

by Jack Kramer and Christine Stuart | Jan 31, 2017 1:01pm
Posted to: Business | The Economy | Financial Sector | Insurance | Jobs | Labor | Hartford

shutterstock HARTFORD, CT — If Aetna is considering a move to Boston, as is being reported by the Hartford Courant, the company is being tight-lipped about it.

Continue reading "Is Aetna Considering Relocating?" »

December 22, 2016

With A New Year Comes Some New Laws

by Cara Rosner | Dec 22, 2016 6:30am
Posted to: Business | The Economy | Financial Sector | Health Care | Jobs

CTNewsJunkie file photo As usual, a new year will bring new state laws to Connecticut, and several pieces of legislation — governing a wide range of topics — are slated to take effect on Jan. 1.

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