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Financial Sector

August 31, 2018

Keeping Score

by Peter Urban | Aug 31, 2018 12:15am
Posted to: Congress | Courts | DC News Junkie | The Economy | Financial Sector | White House

How Connecticut’s congressional delegates voted on key legislation for the week ending Friday, Aug. 31, 2018.

Continue reading "Keeping Score" »

July 16, 2018

Senator Questions $10M for Company Coming to West Hartford

by Christine Stuart | Jul 16, 2018 4:00am
Posted to: Business | Economic Development | The Economy | Technology sector | Financial Sector | Jobs | West Hartford

Christine Stuart / ctnewsjunkie

HARTFORD, CT — While he was “cautiously optimistic,” Senate Republican President Len Fasano has serious concerns about the state’s decision to give Seven Stars Cloud $10 million to bring its headquarters to the former University of Connecticut campus in West Hartford.

Continue reading "Senator Questions $10M for Company Coming to West Hartford" »

July 6, 2018

UConn Moves Forward With Sale of West Hartford Campus

by Christine Stuart | Jul 6, 2018 1:34pm
Posted to: Economic Development | The Economy | Technology sector | Financial Sector | Education | West Hartford

Peter Morenus/UConn File Photo

HARTFORD, CT — The University of Connecticut Board of Trustees unanimously approved the sale of its West Hartford campus to Seven Stars Cloud, a financial services and technology firm.

Continue reading "UConn Moves Forward With Sale of West Hartford Campus" »

July 3, 2018

Financial Technology Firm Eyes Former UConn Campus

by Christine Stuart | Jul 3, 2018 2:07pm
Posted to: Business | Economic Development | The Economy | Technology sector | Financial Sector | West Hartford

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The greater Hartford region is fast becoming a “technology hub” and the latest addition to that innovation ecosystem may be Seven Stars Cloud, a Chinese company hoping to use artificial intelligence and blockchain technology to transform financial markets.

Continue reading "Financial Technology Firm Eyes Former UConn Campus" »

June 1, 2018

Jobs and Transportation Top Bond Commission Agenda

by Christine Stuart | Jun 1, 2018 12:54pm
Posted to: Business | Economic Development | The Economy | Financial Sector | Federal Budget | Town News | Jobs | Manufacturing | Military Spending | National Security | State Budget | State Capitol | Transportation | Wall Street

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The state Bond Commission approved $233.5 million in general obligation bonds Friday, including $1.5 million for a Massachusetts manufacturing company to relocate to Putnam, $9 million for PriceWaterhouseCoopers LLP to expand in Stamford, and $35 million to help Electric Boat in Groton ramp up for production of Columbia class submarines.

Continue reading "Jobs and Transportation Top Bond Commission Agenda" »

May 25, 2018

Keeping Score

by Peter Urban | May 25, 2018 6:33pm
Posted to: Congress | Consumer Protection | DC News Junkie | Federal Budget | Military Spending | National Security | Veterans Affairs | White House | Financial Sector

Key votes for the week ending Friday, May 25, 2018.

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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" »

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