State Connecticut Financial News

By Dietrich Knauth

The WNBA is competing for viewers during one of the busiest times on the sports calendar and the league is holding its own

Shares of Dollar General are up more than 7% before the opening bell after the discount chain said Todd Vasos will be returning as CEO after a streak of disappointing quarterly profits

The governors of Massachusetts, Connecticut and Rhode Island plan to procure offshore wind energy together

Head Start programs serving more than 10,000 disadvantaged children would immediately lose federal funding if the government shutdown isn't averted

WASHINGTON (Reuters) — Health insurer Cigna (NYSE:CI) Group says it has reached a settlement with the United States over claims it overcharged the government's Medicare Advantage program by making it appear patients were more ill than they actually were.

Kathy Hochul has declared a state of emergency across New York City, Long Island, and surrounding area after torrential storms flooded subways and streets and delayed flights. Ophelia's remnants soaked New York City with heavy rain early Friday, and caused flash flooding in parts of the city, Xinhua news agency reported. A flood watch is in effect through 6 a.m. Saturday for the entire tri-state — New York, New Jersey and Connecticut, with rainfall rates of one to two inches per hour expected at times. Strong storms have shut down swaths of the Big Apple's subway system, flooded some streets and highways, and cut off access to at least one terminal at the LaGuardia Airport. A number of subway lines were suspended Friday morning with other lines suspending service through flooded stations, especially in Brooklyn. «There is only extremely limited subway service available because of heavy flooding.

Bruce Springsteen and the E Street Band’s 2023 tour will be postponed until 2024, citing doctor’s advice.The Boss, who last week celebrated his 74th birthday, is “steadily recovering” from peptic ulcer disease, a press release read. “Out of an abundance of caution,” the remainder of this year’s tour has been pushed to next year.Earlier this month, Springsteen announced that he would be postponing all of his September 2023 dates while he was treated for symptoms related to the disease, which causes ulcers to form in the stomach or small intestine that can cause heartburn, nausea and stomach pain.Those postponed shows included stops in Baltimore, Philadelphia, Albany and Syracuse in New York, Pittsburgh, Washington, and shows in Connecticut and Ohio.The newly postponed shows include shows all across Canada, in Vancouver, Edmonton, Calgary, Winnipeg, Ottawa and Montreal — as well as two dates in Toronto.The Boss’ West Coast run of Phoenix, San Diego, Los Angeles, and San Francisco has also been postponed.Rescheduled concerts will be announced this week and will take place at the original venues.Peptic ulcer disease can be dangerous, leading to bleeding and emergency situations such as perforation of the ulcer through the stomach.

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During the pandemic, we had sudden layoffs, quickly followed by the Great Resignation. Now millions of positions are unfilled, yet many Americans still say they are unhappy in their jobs. In a survey of 1,000 workers between the ages of 25 and 44 by online-course provider edX back in 2018, some 29% of respondents said they had changed careers since their first job after college, and 32% said they were thinking about a change.

Six Democratic governors are warning the Biden administration that offshore wind projects need more federal funding and planning assistance

Commercial casinos in the U.S. had their best July ever this year, winning nearly $5.4 billion from gamblers, according to a national gambling industry group

By Brendan O'Brien

NEW YORK (Reuters) — A slew of U.S. economic data showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely to keep interest rates higher for longer.

Offshore wind farms should be one of the best solutions to the climate crisis but are turning out to be a lousy business. Getting the struggling industry back on its feet will require a new approach from companies and politicians alike. The public face of the crisis is Ørsted, a former oil and gas producer that became the world’s largest offshore wind-farm developer.

By Shristi Achar A and Amruta Khandekar

Thick, white clouds obscured the skyline at 7 a.m. on a recent weekday morning, when a ferry bound for Fishers Island, N.Y., departed New London, Conn. Carrying mail, groceries and day workers, the boat churned through slate-colored water, past the island’s rocky shoreline and into a small harbor where it docked with little fanfare about 45 minutes later.

(This Aug. 24 story has been corrected to add that Barclays co-led the financing in paragraph 20)

Many of the major reforms to ticket sellers in the U.S. have failed to pass this year

Portfolio Advisors, LLC is partnering with Vontobel to help the Swiss-based global investment firm offer private markets investments to selected clients.

Stocks that are trading heavily or have substantial price changes on Wednesday: Vera Bradley, Conn’s rise; HP, Ambarella fall