U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August.
A small number of flagrant violations and concerns about the holiday shopping season has prompted Connecticut Gov. Ned Lamont to imposed a steep new $10,000 fine on businesses that break the state’s coronavirus rules.
Teachers’ unions on Monday said all Connecticut public schools should switch to full-time remote learning until at least mid-January unless statewide coronavirus safety protocols are established and strictly enforced.
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies, according to a person familiar with the transition plans.
Treasury Secretary Steven Mnuchin denied on Friday that he is attempting to limit President-elect Joe Biden’s options for reviving the pandemic-damaged economy by ending several emergency loan programs being run by the Federal Reserve.
Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve. The decision drew a terse rebuke from the Fed.
The U.S. Department of Housing and Urban Development has perpetuated racial segregation in Connecticut’s capital by failing to help poor Black and Hispanic families living in dilapidated, federally subsidized housing move to better neighborhoods in the city and suburbs, residents allege in a lawsuit filed Wednesday.
The nomination of Judy Shelton, President Donald Trump’s controversial pick for the Federal Reserve, is stalled in the Senate after Vice President-elect Kamala Harris returned to the chamber to cast a key vote in a tally Tuesday.
One of the scientists behind the experimental coronavirus vaccine developed by BioNTech and Pfizer said Sunday that he was confident that it could halve the transmission of the virus, resulting in a “dramatic” curb of the virus’ spread.
Gov. Ned Lamont is self-quarantining after his chief spokesperson tested positive for COVID-19, his administration announced late Friday.
Simon Property Group, the nation’s biggest mall owner, has negotiated a lower price to purchase a controlling interest in Taubman Centers in a deal that was nearly killed by the coronavirus pandemic.
Massachusetts pharmaceutical company Moderna said Monday its COVID-19 vaccine is proving to be highly effective in a major trial, a second dash of hope in the global race for a shot to tame a resurgent virus that is now killing more than 8,000 people a day worldwide.
White collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in a new report.
J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders.
Republicans controlling the Senate unveiled a government-wide, $1.4 trillion spending bill on Tuesday. However, half the bill’s spending would go towards existing defense procurement programs.
The state has agreed to a set of guidelines for how restaurants can use temporary outdoor heated structures, like tents or transparent, dome-shaped “igloos,” as they try to maintain customers during the pandemic.
Connecticut saw a spike in coronavirus-related hospitalization over the weekend, filling about half of the state’s available COVID-19 beds in intensive care units, Gov. Ned Lamont said.
President-elect Joe Biden will inherit a mangled U.S. economy – one that never fully healed from the coronavirus and could suffer again as new infections are climbing.
Connecticut residents were being urged Thursday to limit any nonessential trips between 10 p.m. and 5 a.m. to help reduce the spread of the coronavirus, a move that comes as the state starts rolling back portions of the third phase of reopening.
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signaled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.