finance

Bullion Vault / Creative Commons

The history of gold is a history of beauty, bloodshed and obsession. Gold has been fought for, worn ornamentally, traded as tender and at times even worshiped. This hour, we continue to mine it, covet it, and find uses for it even King Midas himself would never have imagined.

But why has the allure of this precious metal endured for so long? Investors will say its rarity ensures its worth. Numismatists will point to its ancient uses as currency to justify the appeal. And scientists may point to its uses in electronics and space travel as a means of explaining its value.

Rikard Westman / Creative Commons

The rapper and actor known as 50 Cent has filed for federal bankruptcy protection, days after a jury ordered him to pay $5 million in an invasion-of-privacy lawsuit.

zimmytws/iStock / Thinkstock

As Greece seeks a new three-year bailout from other countries in the Eurozone, investors and businesses around the world -- including here in Connecticut -- are keeping an eye on the country's crumbling economy. 

Peggy Stewart / Western Connecticut State University

JP Morgan Chase has reached a $136 million agreement with Connecticut, 46 other states, and the District of Columbia, and has agreed to reform its debt collection practices. Attorney General George Jepsen said those practices hurt consumers.

c-George/iStock / Thinkstock

Connecticut’s new rules for its Rainy Day Fund could be a model for other states — that according to a new study by the Pew Charitable Trusts. 

Chion Wolf / WNPR

Connecticut's tax commissioner said his agency has unearthed about $85.8 million in uncollected tax revenue. 

Greece and its European Union partners are beginning to sort out what's next after the country voted en masse to reject a German-led bailout plan that would have given the country more credit to pay its debt in exchange for tough austerity measures.

Updated at 2:30 a.m. ET Monday:

Greek Finance Minister Yanis Varoufakis has resigned. According to The Associated Press: Varoufakis was told shortly after the Greek referendum result that the some eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings. He issued an announcement on Monday saying the prime minister had judged that his resignation "might help achieve a deal" and that he was leaving the finance ministry for this reason.

Updated at 8:40 p.m. ET Sunday:

Невідомий / Creative Commons

State regulators look poised to reject a $3 billion foreign takeover of Connecticut’s second largest utility. 

Manufacturers in Connecticut are among those who say they’ll suffer with the expiry of the federal Export-Import bank. There are more than a hundred companies in Connecticut that use the services of the federal agency, known as the Ex-Im bank.

Financial Compatibility for Couples

Jun 11, 2015
401(K) 2012/flickr creative commons

Financial burdens take a toll on our social lives, and can ruin a relationship.  Money, or more simply debt, often leads to arguments and even divorce. 

Ixnayonthetimmay / Creative Commons

  A new list of  the "best and worst cities to retire" puts Hartford and New Haven near the bottom.

alancleaver_2000 / Creative Commons

The new tax obligations Connecticut wants to impose on its corporations are a growing trend around the nation. And some advocates say it’s a movement that’s long overdue.

Former Speaker of the House Dennis Hastert was indicted Thursday by a federal grand jury in Chicago. The Illinois Republican, 73, is charged with trying to evade cash withdrawal requirements, and with lying to the FBI about it.

What Can We Do About Student Debt in Connecticut?

May 26, 2015
Aleutie/iStock / Thinkstock

The federal reserve has calculated the amount of American student loan debt is over $1 trillion, greater than car loan and credit card debt. Lawmakers are trying to provide relief for students.

EyeLights/iStock / Thinkstock

Unexpected price spikes in home energy bills have been a focus for legislators this session, but a new study says even programs designed to lessen the impact of your monthly bill could still be impacting your wallet. 

Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland and UBS AG have agreed to plead guilty to felony charges and pay billions in criminal fines, the Department of Justice says. The offenses range from manipulating the market price of U.S. dollars and euros to rigging interest rates.

Jeff Turner / Flickr Creative Commons

At the beginning of this century, when tech stocks were hot and dot-coms were appearing everywhere, Yale professor and renowned economist Robert Shiller was already warning of a bubble -- and he was right. Years later, when housing prices were skyrocketing and millions of American were betting big on real estate, Robert Shiller again predicted an impending crisis. Sadly, he was right again.

Now, with the housing market showing signs of improvement, many are getting the sense that we’re finally out woods. And with this feeling returns the idea that buying a home today means financial gains down the road.

Jay Cox / Creative Commons

Business closures were up sharply in Connecticut in the first quarter of this year. New data from the Secretary of the State’s office show that almost 3,300 companies closed their doors between January and March.

Creative Commons

Two UConn professors who’ve been accused of misusing funds from the National Science Foundation didn’t fully read documentation that required them to disclose a conflict of interest, according to state auditors.

There was no good news for the state from its latest revenue numbers. The Malloy administration’s previous estimates for tax receipts proved optimistic, and an April reality check saw the budget office now projecting a deficit of almost $162 million.

Cliff / Creative Commons

Each year, for-profit corporations spend billions of dollars on reported lobbying expenditures. It’s a significant investment that’s placed American businesses among the most powerful forces in Washington, and in state houses like the one in Hartford.

Office of Dannel Malloy

A non-partisan working group to help find funding options for Connecticut's transportation infrastructure overhaul met for the first time on Tuesday.

Connecticut’s fiscal crisis is making strange bedfellows. Two groups usually at opposite ends of the political spectrum came together recently, to ask legislators to think differently about saving for a rainy day. 

Courtesy CT-N

State Treasurer Denise Nappier wants to shake-up the way Connecticut pays off its debt.
 Her proposal follows a sharp disagreement with Governor Dannel Malloy’s budget chief over the amount that should be set aside to service state debt in the upcoming two-year budget.

RufusNunus / Creative Commons

The world's largest hedge fund is proposing upgrades to its wooded campus in Connecticut. 

The project brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. 

General Electric has announced plans to sell a large part of its financial arm, GE Capital, as it focuses increasingly its industrial businesses. GE Capital is a big money generator, but also a source of risk that made stockholders nervous. Analysts have congratulated GE on a bold move.

Sorin Popa/iStock / Thinkstock

The state has eliminated its sales tax on certain non-prescription medicines. The change will eliminate taxes on over-the-counter items like antacids, cough syrup, and pain medication. It also gets rid of the sales tax on dietary supplements and vitamins.

Ken Teegardin/SeniorLiving.Org / Creative Commons

There's a potential financial windfall waiting for thousands of Connecticut taxpayers. 

U.S. Sen. Richard Blumenthal said Friday that he's learned there is $13.4 million worth of unclaimed tax refunds from 2011 owed to Connecticut taxpayers. 

thetaxhaven/flickr creative commons

What do we make of this economy and stock market right now? Why aren't people more positive about the good numbers? Why do the markets react every time there is a whisper of  raising interest rates? Join us for conversation with Bob and Charles Kreitler, from New Haven's Kreitler Financial, affiliated with Raymond James.

Pages