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Weigh Big Tech’s Promise to Black America
Mitchell came from a black family with an entrepreneurial spirit. When he was a teenager growing up in New Haven, Connecticut, his mother and grandmother opened a bakery called the Smith Family Bake Shop. Mitchell himself specialized in…
A look at the best Supreme Court cases in the new term – NBC Connecticut
Abortion, guns and religion top the Supreme Court's term that begins Monday.
A Mississippi case directly challenges major court decisions over the past half-century that secure a woman's right to an abortion nationwide. A…
Webster Financial Corporation – Consensus Says Potential 12.3% Hike
Webster Financial Corporation with ticker code (WBS) now have 11 total analysts covering the stock. The consensus rating is “Buy”. The target price is between 68 and 55 and has an average target of 61.18. With the stock's previous…
State Department pilot program ‘cut me off business,’ says Stamford passport photo store…
STAMFORD - Dozens of people line up outside the Connecticut Passport Agency office at 850 Canal St. in the south of the city every day. But since the beginning of September, only a handful of them have had their picture taken in the…
The Day – Ret. Captain (N) Paul Whitescarver appointed Sector Director
The Southeast Connecticut Corporate Region Board of Directors announced Friday that it has unanimously selected retired Navy Captain Paul Whitescarver to serve as the industry's executive director, effective Monday. Whitescarver is!-->…
CBIA: Growing workforce shortage, high taxes, top obstacles for IT companies
Connecticut's growing labor shortage, high taxes and the cost of living are the main obstacles to the state's economic recovery, according to a new survey.
The 2021 Connecticut Business Survey, produced by the…
Ellington (EFC) drops 0.49% in Light Trading on September 30
Ellington Financial Inc (NYSE: EFC), a company in Old Greenwich, Connecticut, closed at $ 18.29 Thursday after losing $ 0.09 (0.49%) on 359,043 shares volume. The stock ranged from a high of $ 18.60 to a low of $ 18.29, while…
Survey: Labor shortage, taxes, affordability Main obstacles to recovery |
Connecticut's growing labor shortage, high taxes and the cost of living are the main obstacles to the state's economic recovery, according to a new survey.The 2021 Connecticut Business Survey, produced by CBIA and accounting and business…
Asian stocks gain mainly after mixed session on Wall Street
Asian stocks were mostly higher Thursday after a mixed trading session on Wall Street.Tokyo's Nikkei 225 index fell 0.4% after disappointing data on factory and retail sales was released. Stocks also fell in Hong Kong, but other regional…
Stocks rise modestly on Wall Street a day after rout
Stocks edged up in morning Wall Street trading on Wednesday as the market recovered from a steep drop a day earlier.The S&P 500 was up 0.5% at 10:06 a.m. Eastern time. The Dow Jones Industrial Average rose 138 points, or 0.4%, to…
Ailing Chinese airline group offers to pay 40% of its debts
BEIJING (AP) - HNA Group, a Chinese airline operator that has struggled financially after a wave of global acquisitions, has proposed a plan to settle $ 61 billion in debts owed to thousands of creditors by paying 40% of the total.The…
Sydney think tank says China is less generous to the Pacific
CANBERRA, Australia (AP) - China has given much less aid to Pacific island countries in recent years despite Beijing's diplomatic efforts to increase its influence in the region, according to a Sydney-based think tank.Chinese aid to the…
Form 8-K PATRIOT NATIONAL BANCORP For: Sept. 22
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ROOM 99.1Patriot raises David Lowery to the leadership team as executive vice president and chief loan officerSTAMFORD, Connecticut, September 27, 2021…
The shares are traded in a mixed way; banks, energy sectors win, technology falls
Stocks were mixed on Wall Street on Monday as tech stocks fell and offset gains by banks and energy companies.The S&P 500 Index fell 0.1% at 11:15 a.m. EST. The Dow Jones Industrial Average rose 156 points, or 0.5%, to 34,956 and the…
Attorney General Frosh Joins Multi-State Coalition Urging Department of Education to Fix Civil…
BALTIMORE, MD — Maryland Attorney General Brian E. Frosh this week joined a coalition of 22 attorneys general to urge the United States Department of Education (ED) to take strong action to repair the forgiveness of public service!-->…
Attorney General James urges Education Department to fix broken utility loan forgiveness program
To date, the Ministry of Education has refused almost all PSLF / TEPSLF applications
NEW YORK - New York Attorney General Letitia James today continued her fight to address the country's current student loan crisis. As part of a…
Joséphine Berescik obituary (2021) – Hartford, CT
Joséphine (Sendra) Berescik, 98, died on Monday, September 20, 2021, surrounded by her loving family. Josephine was born in New Britain in 1923, grew up in Westchester County, and then returned to Connecticut with her family. She was the…
Wyoming Cowboys aim to stay perfect Saturday at UConn
(Editor's note: UW Athletics release)LARAMIE, Wyo. - It will be a rare trip to the east coast for the Wyoming Cowboys football team when they fly to Connecticut to play against the UConn Huskies on Saturday at 1:30 p.m. MT (3:30 p.m. EST…
Bridgeport council candidate fired because of his candidacy
Three days after receiving the fewest votes in the September 14 race for the 133rd arrondissement, Collette was told by her boss to the city's housing authority - called Park City Communities - that following her campaign , he had been…
U.S. Small Business Administration (SBA) Opens Business Recovery Center in White Plains for…
ATLANTA, Georgia - September 23, 2021 - The US Small Business Administration announced on Tuesday, September 21, the opening of a Business Recovery Center (BRC) in the New York Power Authority building in White Plains, New York on…
Waterbury resident runs in 95 mile relay to support sustainability
Renee Robichaud of Waterbury (third from left), Senior Administrative Assistant at Webster Bank, poses for a photo with her Webster teammates at the finish line of the 2021 RiMaConn Relay.
Waterbury resident Renee…
Executive Director, Assistant hired at Enfield Loaves & Fishes
ENFIELD, CT - After 34 years as executive director of Enfield Loaves & Fishes, Priscilla Brayson retired in June, leaving big shoes to fill. Stepping into that role is Maya Nicole Matthews, former assistant to the Enfield City…
Disaster recovery center opens to help with disaster assistance
WHITE PLAINS, NY - The U.S. Small Business Administration on Tuesday announced the opening of a Business Recovery Center in the New York Power Authority building in White Plains.The center will provide one-on-one assistance to businesses…
Horizon Technology Finance Leads $ 15 Million Venture Capital Lending Facility at Spineology
FARMINGTON, Connecticut., September 20, 2021 / PRNewswire / - Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture-backed…
US stocks are heading for their biggest drop since February
Stocks slumped on Wall Street on Monday, mirroring losses abroad and putting the S&P 500 index on track for its biggest drop since February.Concerns about debt-engulfed Chinese real estate developers - and the damage they could do to…
Motley Fool: M&T Bank struggles could make it attractive to investors
M&T Bank (NYSE: MTB) posted disappointing second quarter results in July. Its struggles have recently depressed the stock, which means it could be a good time for investors interested in buying.
Consumer loans are…
Fourth Live Update from Stimulus Control: Child Tax Credit Extension to 2025, New Payment in…
Securities
- AOC announces efforts to expand federal unemployment benefits until February 2022. (Full story)
- New projections on Social Security Cost of living adjustment for 2022 emerge. (Whole story)
- President Biden fails to…
Biden faces $ 1.9 billion COVID aid limits as some states resist
WASHINGTON (AP) - President Joe Biden entered the White House promising to stop the twin health and economic crisis caused by COVID-19, but $ 1.9 trillion and countless initiatives later he faces the limits on what Washington can achieve…
Electronic Fence Technology: Lessons from Norcom Mortgage Implementation
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Over the past decade, electronic locking technology has sought to revolutionize the mortgage industry, but reluctance from industry partners and governing bodies has delayed the industry's move to digital - until now.…
Used car prices rise after chip shortage hits new cars
Looking to buy a used car? Prepare for sticker shock fueled by a pandemic. The average price for a used car in Idaho is $ 26,662, the fifth highest price in the country, according to iSeeCars.com, an online used car ad aggregator.…
Ellington (EFC) drops 0.76% to close at $ 18.33 on September 10
Ellington Financial Inc (NYSE: EFC), a company in Old Greenwich, Connecticut, closed at $ 18.33 on Friday after losing $ 0.14 (0.76%) on volume of 282,271 shares. The stock ranged from a high of $ 18.51 to a low of $…
Unemployment benefits expire highlights need for child care – NBC Connecticut
Thousands of women are feeling the impact of unemployment benefits that expire over the weekend. Heads of state say this has to do with the fact that many are mothers, also taking on the responsibility of raising children.…
Manhattan Bridge Capital (LOAN) gains 2.73% for September 3
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Connecticut shellfishers seek pandemic rebound
NORWALK - On Tuesday, ascending and descending in 194 feet of water in the Long Island Strait, lobster Mike Kalaman made a point of bragging about his favorite fishing spots to the delegation of state lawmakers aboard his boat, The Dark…
Oxford Lane Capital (OXLC) gains 0.42% to close at $ 7.17 on August 27
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The pandemic stimulates school finance courses
Many of us don't learn to manage our money until we are faced with our first real financial decision, like renting an apartment, applying for a credit card, or buying a car. But what if you instead learn budgeting or credit scores in the…
The day – Business files
USELawyer Kyle J. Zrenda of Amman Shapiro was sworn in as a member of the Mohegan Gaming Disputes Court Bar on August 11. Zrenda was also admitted to the Mashantucket Pequot Tribal Court. For more information, visit!-->!-->…
4 ways businesses can avoid loan scams and predatory lenders
“Secured loan approval; receive funds within 24 hours. "No credit check; interest rate starts at 0%; only a low application fee is required." These statements may sound good enough to a small business owner who is in…
Connecticut Colleges and Universities Launches Student Support Program – NBC Connecticut
There is money to be made for community college students.
The Connecticut Colleges and University System literally gives money to its students.
The new student support program will make payments to community college students…
Social equity: the engine of New York’s cannabis program
The past few months have marked the beginning of big changes for cannabis companies, their investors, employees, consumers and service providers in the Northeast. New Jersey, New York and Connecticut successively approved…
Distressed Debt Fund SVP Bets Europe To Have A Long ‘Hangover’ From Covid
Capital Markets UpdatesSign up for myFT Daily Digest to be the first to know about capital markets news.
The economic and financial "hangover" of the coronavirus crisis in Europe will be much longer and more severe than the…
Texas ruling means smokable hemp can be sold in the state but must be made elsewhere
Just weeks after Connecticut Gov. Ned Lamont (D) enacted a bill to legalize marijuana, the state's new Social Equity Council met for the first time on Thursday to discuss for its approach to fostering a diverse and fair cannabis industry…
Matthew Gudauskas obituary (1977 – 2021) – South Windsor, CT
Matthew Gudauskas, 44, of South Windsor, died on July 29, 2021 at St. Francis Hospital surrounded by loved ones after a courageous two-year battle with glioblastoma, an aggressive form of brain cancer. Matt was born on February 9, 1977 in…
How to pay for IVF with loans and grants – Forbes Advisor
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors.
Compare personal…
The CIAC loses “significant” revenues
Over the past 14 months, COVID-19 has not caused harm and has impacted everyone on multiple levels in Connecticut. While the Connecticut Interscholastic Athletic Conference has been affected by its field, court and pool sports, like all…
Anthony Assi joins NMB to launch FasterFi, a new digital lending platform
“I am thrilled to join the NMB team in making FasterFi the go-to digital lending platform for consumers looking for transparency, speed and a reward for their financial diligence. " Anthony states, "FasterFi offers those looking to secure…
Mall identity crisis as even official body abandons malls
When malls were malls: Mall of America, Minnesota, in 1992, before retail ... complicated. (Photo by Bill Pugliano / Liaison)
Getty Images
Once upon a time, life was so simple. You would buy stuff in…
Cake Boss’s Buddy Valastro Takes Over $ 2.3 Million In PPP Loans For His Bakeries During…
CAKE Boss star Buddy Valastro took more than $ 2.3 million in PPP loans for his bakeries during the pandemic despite an estimated net worth of $ 10 million.
The Sun can exclusively reveal that Buddy, 44, took out 17 PPP loans, which is…
State House concert hall in New Haven remains dark
NEW HAVEN - As life continues to return to normal in downtown New Haven and the rest of the country, things aren't exactly the way they used to be - and some things remain unclear.One of them is the fate of The State House concert hall…
To End Connecticut Business Well-Being, Lower Taxes for All Businesses | Chris Powell
By order of Governor Lamont, the state government is reducing its direct subsidies to businesses entering…
Connecticut Company Offers To Buy Verso | WSAU News / Talk 550 AM99.9 FM
Verso factory in Wisconsin Rapids. CMM photo by Mike Leischner
WISCONSIN RAPIDS, WI (WSAU) - A Greenwich, CT-based holding company has reportedly made an offer to buy Verso Corporation, though it is unclear what the offer…
State investigates Kent youth weight loss camp after brutal shutdown – NBC Connecticut
This week, parents across the country had to scramble to pick up campers right here in Connecticut.
Camp Shane, which is described on its website as a medically supervised weight loss camp, closed in Kent on Tuesday.
The…
Old Hill Partners Closes $ 7 Million Water Rights Guaranteed Term Loan | New
DARIEN, Connecticut, July 12, 2021 (GLOBE NEWSWIRE) - Old Hill Partners recently provided a $ 7 million…
China has just reduced its reserve requirements for banks, why an economist is worried.
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Manhattan Bridge Capital announces the closing of the project
GREAT NECK, NY, July 09, 2021 (GLOBE NEWSWIRE) - Manhattan Bridge Capital, Inc. (NasdaqCM: LOAN), or Manhattan Bridge Capital, a real estate finance company specializing in the creation, financing, management and management of '' a…
Could Connecticut Eliminate Its Corporate Tax?
Connecticut's economic problems since the 2008 recession are well known. The state experienced one of the weakest growths in employment and personal income in the country at a time when the national economy was booming.
Then, of…
First Republic Bank declares dividends on three series of perpetual preferred shares | Business
SAN FRANCISCO - (BUSINESS WIRE) - July 6, 2021--First Republic Bank…
Ridgefield committee seeks affordable housing trust fund
RIDGEFIELD - The city's affordable housing committee wants to establish a trust fund for the future development of its affordable housing stock.Affordable Housing Trust Funds are authorized under state law, allowing cities to create a…
State AG Updates: June 21-25, 2021
Each week, the Crowell & Moring State Attorneys General team highlights important actions taken by state attorneys general. Here are the updates for this week.
Consumer protection
A coalition of 21 attorneys general and two cities,…
Marijuana will be legal in CT on Thursday. Here are 5 things you should know.
Recreational marijuana becomes legal to own and use in Connecticut starting Thursday.But not everything related to marijuana will immediately be legal. Here are five things you need to know about the legalization of recreational…
Premium Mortgage Corporation Launches Neighborhood Vitality Program for Under-Served Communities
ROCHESTER, NY, June 28, 2021 / PRNewswire / - As a lender proud of its innovation, technology and inclusiveness, Premium Mortgage Corporation is proud to announce the rollout of its “Neighborhood Vitality” program; a strategy he says…
ECMC awards $ 324,000 in college scholarships to 54 Connecticut students
BRIDGEPORT, Connecticut., June 25, 2021 / PRNewswire / - The Educational Credit Management Corporation (ECMC) is proud to recognize 54 high school graduates from the class of 2021 as ECMC Fellows. Students come from eight secondary…
In the second round of PPP, smaller loans were made to fewer companies | Business premises
• Evans Bank's PPP loans this year fell 46% to 1,018, and its total loans fell 55% to $ 88.8 million.• Citizens Bank's PPP loans in western New York State fell 28% to 1,063 and its dollar loans fell 46% to $ 38.3 million.• The bank of…
Congress repeals Trump-Era payday lender regulations – NBC Connecticut
Congress on Thursday overturned a set of regulations promulgated in the closing days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest rates.
The House voted 218-208 to…
Price of the preferred share offering by Sachem Capital Corp.
BANFORD, Connecticut, June 23, 2021 (GLOBE NEWSWIRE) - Sachem Capital Corp. (NYSE American: SACH) announced today that it has priced a subscribed public offering of 1,700,000 shares of its 7.75% cumulative redeemable preferred shares,…
Stamford-based Sema4 is set to go public
STAMFORD - Healthcare information provider Sema4 intends to complete its transformation into a publicly traded company by the end of next month, a plan to boost the growth of one of the companies fastest growing in Connecticut.Sema4,…
The Day – Friends & Neighbors: Stonington resident named to 40 under 40 list
Richard Balestracci of Stonington, Vice President and Head of Commercial Lending at Chelsea Groton Bank, was named to Independent Banker's magazine's annual 40 Under 40 list in the Emerging Community Bank Leaders category.!-->…
CFTC Agriculture Advisory Sub-Committee Adopts Recommendations on Oversight of Open Interest Futures…
United States: CFTC Agriculture Advisory Sub-Committee Adopts Recommendations on Oversight of Open Interest Futures Contracts…
In 2016, Danbury’s Richter House celebrated a $ 1 million grant. Five years later, no…
DANBURY - Five years ago, the Richter Association for the Arts celebrated a $ 1 million state grant to renovate the historic Richter House.It has been almost two years since the volunteers emptied the house so that the renovations could…
Pilgrim’s Pride, JPMorgan Falls; Adobe, Smith & Wesson rise up
NEW YORK (AP) - Stocks that traded heavily or experienced substantial price changes on Friday:Adobe Inc., up from $ 14.23 to $ 565.59.
The software maker gave investors encouraging earnings forecasts after reporting strong…
CT House Amends Cannabis Bill After Government Veto Threat (Newsletter: June 17, 2021)
LA gov: Legal marijuana is coming; Senator CA: psychedelics take a step towards the decriminality of drugs; NJ AG sends cannabis cease and desist letters
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Adopting deciding factors, Connecticut Supreme Court awards victory to tribal lending entity Great…
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At the end of May, the Connecticut Supreme Court ruled1 that the Great Plains Lending (Great Plains) tribal lending entity is protected by tribal…
The draft plan proposes concepts for improving housing affordability in Stonington; community…
STONINGTON - To meet housing affordability needs in the community, the city should consider revising…
TX and LA Governments Report They Will Sign Cannabis Bills (Newsletter: June 14, 2021)
Poll: US voters support decriminality in drugs; New TX Effort to Put Marijuana on Local Ballots; Cannabis prisoner says MORE Act fails
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Webster Financial Corporation – Consensus Says Potential Rise of 10.6%
Webster Financial Corporation found using ticker (WBS) now have 11 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 76 and 55 by…
Stamford developer in alleged COVID-19 loan program released on $ 450,000 bond
STAMFORD - A town man accused of fraudulently obtaining nearly $ 3 million in paycheck protection loans will be released on $ 450,000 bail, the US attorney's office said on Friday.Moustapha Diakhaté, 45, faces federal charges of banking…
Budget, Legislative Session “Setting Course for Reconstruction of Connecticut” |
The Connecticut General Assembly approved a two-year, $ 46.4 billion state budget with strong bipartisan support on the last day of the 2021 legislative session.The budget, which includes no blanket tax increases, was passed by State…
Connecticut Supreme Court declares lender entitled to tribal sovereign immunity as “arm of the…
In a first impression case, the Connecticut Supreme Court recently ruled that (1) an entity claiming “arm of the tribe” status for purposes of tribal sovereign immunity has the burden of proving entitlement to that status; and (2)…
Jobs in Connecticut have collapsed… will they recover? – The Connecticut Examiner
The pandemic is largely over. The challenge now is to revive the economy.
Concretely, this means moving from policies supporting the unemployed to policies encouraging people to return to work. There is a…
Auto and student loans fuel US consumer loan surge in April
WASHINGTON (AP) - Consumer borrowing in the United States rose $ 18.6 billion in April, fueled by a surge in auto and student loans that offset a decline in credit card use.The April gain reported by the Federal Reserve on Monday was the…
Consumer credit, GameStop wins, consumer prices
A look at some of the major trade events and economic indicators coming up this week:
The Federal Reserve released its April snapshot of US consumer borrowing on Monday.
The tally, which excludes mortgages…
Meet the rideshare app owned by NYC driver taking Uber – Next City
Meet the carpool app owned by the driver taking Uber
The Drivers Cooperative of New York has launched Co-op Ride, a ridesharing app that rivals…
Breitling slams Atty’s “Hit Piece” in the “Red Gold” TM row
Law360 (June 3, 2021, 5:37 p.m. EDT) - Swiss luxury watch brand Breitling accuses former Pierce Bainbridge partner of causing the company a 'hard blow' in trademark litigation over the term 'red gold , "telling a Connecticut…
Liberty Bank files for the closure of 6 branches in Connecticut
CONNECTICUT - Middletown-based Liberty Bank has told regulators that half a dozen branches will close by fall. Liberty Bank officials filed the plans with the Connecticut Department of Banking last week. According to the record, branches…
How to buy a house in a seller’s market
I closed my house about eight months ago, but it feels like it was in another life. Yes, the COVID-19 pandemic makes time strangely elastic, but also, the housing market has undergone dramatic changes during this time. As a writer…
SS&C Unveils Advanced Data Storage in Region for Japanese Customers
WINDSOR, Connecticut., June 2, 2021 / PRNewswire / - SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a strategic investment in Japan with its deployment of Distributed Storage Node technology. This innovative technology…
How Much Income Do You Need to Buy an Average Home?
How many houses can you afford?
According to the National Association of Realtors, the average home is now $ 341,600.
At first glance, this price may seem unaffordable for many hopeful homebuyers. But you don't need a…
Stocks post modest gains, driven by banks and energy companies
Stocks posted modest gains on Wall Street Tuesday afternoon as investors returned from a three-day weekend and digested a report showing increased manufacturing growth as the coronavirus pandemic subsided in the United StatesThe S&P…
The investor wants to transform Augusta into a national destination
AUGUSTA, Missouri (AP) - A Florida investor with Missouri roots is spending about $ 100 million in hopes of turning a Missouri Wine Country region into a destination that will draw visitors from across the country.…
Why Democrats Are Angry With Wall Street
Senator Sherrod Brown, D-Ohio, has not forgotten the Great Recession. In the first half of 2007, Brown recalls, there were more foreclosures in his hometown than anywhere else in the country. It was a period that led to the global…
Qualified spending is the key to 529 plans
Are you a parent thinking about how to pay for your children's college? Should you consider a 529 plan? Named after Section 529 of the Internal Revenue Code, a 529 plan offers the opportunity to save for the university in a…
Business files, May 30, 2021
THOMASTON - Local small businesses and nonprofits have faced many challenges due to the COVID-19 pandemic. These organizations have had to reduce their staff, increasing the remaining workload, while also trying to gain access to the…
Tax professionals attempt to build post-season client pipelines
With the extended tax season behind us and the potential end of the COVID-19 pandemic coming, tax professionals are considering a potential lull in business. What are they currently doing to fill their pipelines? Do they even have to…
ALERT: It’s time to act on unemployment reform
A bill that brings historic, business-friendly reforms to the state's struggling unemployment system needs your help to overcome resistance in the Senate. Despite the unanimous approval of the State House, HB 6633 is in limbo in the…
What Would It Take To Solve The Student Debt Crisis?
The possibility of a forgiveness of federal student loans is making headlines. But experts say no single policy - not even clearing the list of millions of borrowers - addresses the root causes of the country's $ 1.74 trillion student…
Eric Foster asks five questions about business, debt and bankruptcy
Eric Foster is a business attorney and debtor rights attorney at Old Saybrook, who has practiced law for over 28 years. Foster previously worked at the Federal Reserve Bank of New York, where he focused on…
Berkshire Agricultural Ventures provides more than $ 1 million to support local farms and food…
GREAT BARRINGTON, Mass. (WWLP) - A Great Barrington nonprofit has provided more than $ 1 million in funding to farmers and food producers in Berkshires, Colombia and Dutchess counties in New York, and across Litchfield County,…
Here’s What Rhode Islanders Think About COVID-19 Vaccination Mandates
ICYMI: Rhode Island had as many as 150,648 confirmed cases of coronavirus on Monday, after adding 263 new cases since May 14. The most recent overall daily positive test rate was 1.9% and the first-time positive test rate was 10.5%.…