Business
CT Child Tax Credit Push Gains Legislative Momentum
Connecticut advocates say they have the votes to pass a child tax credit bill, but still face uncertainty over whether Gov. Ned Lamont will sign it.
Staff Writer
David Rizzo
David Rizzo covers Fairfield County's money with an insider's eye and an outsider's skepticism. He grew up in Waterbury in a working-class Italian family—his father was a machinist—then attended Georgetown and got his MBA at NYU Stern. He spent eight years as a hedge fund analyst before burning out and pivoting to journalism. He believes economic journalism should explain how the wealthy actually operate. He lives in Greenwich.
Covers: Business Finance Real estate Hedge funds
Articles by David Rizzo
25 Articles 
Politics
Connecticut Child Tax Credit Bill Advances with Bipartisan Legislative Support
A proposal to establish Connecticut's first state child tax credit moved forward Thursday as advocates say they have gathered enough legislative support to potentially send the measure to Gov. Ned Lamont's desk.
Local & news
Waterbury Man Dies in Tractor-Trailer Crash in Massachusetts
A 32-year-old Waterbury man died Thursday morning after his tractor-trailer lost control and collided with another truck on a Massachusetts highway, according to the Berkshire District Attorney's Office.
Local & news
Hartford Businesses Prepare for St. Patrick's Day Parade Rush with Extended Hours and Extra Staff
Downtown Hartford businesses are bracing for one of their busiest days of the year as the city's annual St. Patrick's Day parade approaches this Saturday, with several establishments extending hours and bringing in additional staff to handle the expected crowds.
Food & Dining
Pop Mart toy store coming to Westfarms mall in West Hartford
Pop Mart, the toy retailer behind this summer's viral Labubu collectibles craze, will open a new location at Westfarms mall in West Hartford, according to the mall's website.
Business
Connecticut's Defense Corridor Has a Palladium Problem. A 132% Tariff and a Greenland Acquisition Just Made It Real.
Greenland Mines Corp. acquisition by NASDAQ-listed Klotho closes March 4, bringing a $68 billion palladium asset into focus for Connecticut's defense industrial corridor.
Business
Avon Financial Adviser Indicted on Federal Fraud Charges in $3.3M 'Free-Riding' Scheme
An Avon investment adviser who previously founded a financial planning firm focused on autism services faces federal fraud charges in connection with an alleged scheme that cost three financial services companies more than $3.3 million, according to federal prosecutors.
Local & news
Holocaust Memorial Presentation Rescheduled for April 12 at Westport Library
Shoah Memorial Fairfield Connecticut has rescheduled its community presentation about a planned Holocaust memorial project for April 12 at The Westport Library, according to the nonprofit organization.
Local & news
Lamont Proposes Free College Tuition and Mortgage Aid for Connecticut Police Officers and Firefighters
Governor Ned Lamont announced a legislative proposal Tuesday that would provide two new financial incentives for state and local police officers and firefighters, aimed at boosting recruitment and retention in Connecticut's public safety departments.
Real Estate
Connecticut Homelessness Rising as Federal Funding Faces Uncertainty
Connecticut's homeless population has grown steadily over the past four years while critical federal funding remains at risk, according to a new analysis that highlights the mounting challenges facing the state's most vulnerable residents.
Business
Stanley Black & Decker to close last New Britain manufacturing plant, eliminating 300 jobs
Stanley Black & Decker will close its final manufacturing facility in New Britain, ending more than 180 years of production in the city known as "Hardware City," the company announced Thursday.
Business
Nvidia Leads Market Higher Ahead of Earnings Report as Investors Eye AI Spending Concerns
Nvidia drove U.S. stock markets higher Wednesday as investors awaited the chip giant's earnings report, which analysts expect to show massive profits from the artificial intelligence boom.
Technology
Pitney Bowes Moves Connecticut Headquarters from Stamford to Shelton After Century-Long Run
Mailing and shipping technology giant Pitney Bowes has relocated its corporate headquarters from Stamford to Shelton, ending more than a century of operations in Connecticut's second-largest city, according to the company's latest annual report and regulatory filings.
Politics
Larry Pemberton Jr. Makes History as Connecticut's First Native American State Legislator
Larry Pemberton Jr. was sworn into the Connecticut House of Representatives on Wednesday, marking a historic milestone as the first Native American elected to the state's General Assembly, according to state records.
Local & news
Cultural Alliance of Fairfield County Appoints Stamford Resident as New Executive Director
The Cultural Alliance of Fairfield County has named Douglas Laustsen as its new executive director, according to the organization. Laustsen, a Stamford resident, will provide strategic and operational leadership for the nonprofit during what the organization describes as a period of new opportunities and ongoing challenges for the arts and culture sector.
Business
Santander's $12.3B Webster Acquisition Targets $800M in Savings, Sparking Job and Branch Concerns
Banco Santander's planned $12.3 billion acquisition of Webster Financial Corp. will significantly reshape Connecticut's banking landscape while raising questions about potential job losses and branch...
Real Estate
Glastonbury property values hit $5.4B despite housing slowdown
The town's grand list grew by $13.1 million despite fewer home sales and new construction. Average home prices jumped 12% to $631,750 as inventory remains tight.
Business
Norwalk's FactSet Hits 52-Week Low Despite Strong Earnings
The Norwalk-based financial data giant traded as low as $201.50 Tuesday, even after beating earnings expectations with $4.51 per share last month.
Business
CT regulators cite failures at unnamed credit union
Connecticut banking regulators cited a state credit union for governance and compliance failures, highlighting ongoing oversight challenges in the sector.
Business
Lamont budget holds transit funding flat amid service concerns
Gov. Lamont's budget keeps transit funding flat, disappointing advocates seeking expanded Metro-North and bus service along Connecticut's Gold Coast corridor.
Business
Jordan's Furniture bets on UConn for March Madness promotion
Jordan's Furniture will refund all purchases if both UConn basketball teams reach the Final Four, potentially costing the retailer $2 million in its latest promotional bet.
Business
Santander's $12.3B Webster deal reverses CT branch closures
Banco Santander's $12.3B Webster Financial acquisition would expand the Spanish bank's Connecticut presence after years of branch closures in the state.
Business
Santander to acquire Webster Bank in $12.3B deal
Stamford-based Webster Financial agrees to $12.3B acquisition by Spain's Banco Santander, creating sixth-largest U.S. regional bank with major Connecticut presence.
Business
Stamford firm offers free Connecticut court case tracker
Silver Golub & Teitell releases SGT Docket Rocket app for real-time alerts on Connecticut court filings, improving on state's delayed notification system.
Business
Stamford's HARMAN International Announces $1.8 Billion Automotive Tech Acquisition
The Samsung subsidiary headquartered on Atlantic Street will acquire ZF Group's advanced driver assistance systems business, adding 3,750 employees and expanding its automotive technology footprint.