State Connecticut Financial News

A 26-year-old firm from the small town of Uncasville, Connecticut, has joined LPL Financial’s broker-dealer, RIA and custodial platforms, having grown a $220 million AUM practice.

UBS Wealth Management USA recently welcomed The Keating Group, a four-member advisory team that had been affiliated with Merrill Lynch, to its ranks.

Morgan Stanley Smith Barney agreed Thursday to pay six states $6.5 million to settle charges that it failed to protect customers’ personal information while shutting down two data centers in 2016.

US House lawmakers overcame partisan animosity Tuesday to pass a temporary government funding bill that greatly lowers the risk of a shutdown even as it delays fights over Ukraine aid, border policies and deep cuts to federal programs. 

Pfizer Inc. is cutting 500 jobs at its Sandwich, Kent site in the UK as part of a cost-cutting effort, a report by Sky News said on Tuesday.

A political group called No Labels is trying to qualify for ballots in all 50 states so that it can field a presidential ticket next year. Its argument: Americans want an option other than President Biden and former President Donald Trump, who has a commanding lead in the GOP primary. Here’s a look at No Labels, its funding and how its presidential effort is going.

After the indexes enjoyed a solid rally on Friday, the market turned its focus on Monday to Consumer Price Index (CPI) data, due out Tuesday morning. Economists expect a headline increase of 3.3% for October, easing from 3.7% in September.

Police in Connecticut discovered an enormous amount of psychedelic mushrooms and an underground growing operation at the home of a 21-year-old man last week.

A European company has cancelled plans to build blades for offshore wind turbines in coastal Virginia

Federal regulators will review the use of a chemical found in tires after a petition from Native American tribes in California and Washington state

Park Avenue Capital announced a new president and chief operating officer Monday morning.

InfraBuild, the steel distribution group that is one of British businessman Sanjeev Gupta’s key assets, has launched a last-ditch $US350 million ($544 million) bond in a bid to raise enough money to repay loans due next year, warning there were “material uncertainties” it could pay its debts.

Danish energy developer Orsted is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration is counting on to help transition away from the burning of planet-warming ...

Federal officials are warning health care providers and the public about injuries and at least one death in premature infants who were given probiotic products in the hospital

(Reuters) — Charter Communications (NASDAQ:CHTR) missed market estimates for quarterly broadband customer additions and posted lower free cash flow on Friday, as it grappled with network expansion costs and tough competition in a saturated market.

Medicare Supplement Insurance, or Medigap, can help pay for Medicare Part A and/or Part B copays, coinsurance and deductibles, but shopping for plans isn’t always straightforward

A decade after they were envisioned in the aftermath of Superstorm Sandy’s destruction, two of the largest flood control projects designed to protect densely populated cities in New Jersey just outside New York City are getting underway

By Jonathan Stempel

By Chris Prentice

U.S. stocks ended lower on Thursday, with shares of Tesla down sharply and Treasury yields surging after Federal Reserve Chair Jerome Powell spoke about monetary policy and investors worried whether rates would stay higher for longer. Tesla shares dropped a day after the carmaker missed Wall Street expectations on third-quarter gross margin, profit and revenue, and its CEO Elon Musk said he was concerned about high interest rates affecting demand. Treasury yields rose further and the benchmark 10-year note yield was at a 16-year high of almost 5%. «The 10-year looks like it's establishing a new higher trend, which… is putting pressure on equities, at least in the short term,» said Oliver Pursche, senior vice president, advisor for Wealthspire Advisors in Westport, Connecticut. «Markets were hoping that Jay Powell would indicate that the Fed is going to pause in its interest rate hikes, and he effectively hinted at the idea that they're going to have to raise again if they continue to have elevated concerns over inflation.» Powell said at the Economic Club in New York that U.S.

The concept of retirement is changing, and many people preparing for it are realizing that they can’t fully quit their working lives as soon as they’d like.