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Economic Trends

Lifestyle
Drop In Sales Leaves Some Wondering If Smartphone Era Is Ending Drop In Sales Leaves Some Wondering If Smartphone Era Is Ending
Drop In Sales Leaves Some Wondering If Smartphone Era Is Ending Smartphones have been a staple for just over a decade - in fact, the first iPhone debuted 12 years ago.  But smartphone sales are dropping, according to a new report in the Wall Street Journal. Apple CEO Tim Cook recently said that the company expects a lower revenue for the quarter than previously stated. As a result, Apple’s stock experienced a “sharp drop.” The report cites two main factors as the cause of the decline in smartphone sales: the saturation of smartphones in wealthier countries and the increasing costs for the latest models. While it’s not exactly clear where the futu…

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by Valerie Musson
Lifestyle
Here's How Gas Prices Will Start New Year After Roller-Coaster Ride In 2018 Here's How Gas Prices Will Start New Year After Roller-Coaster Ride In 2018
Here's How Gas Prices Will Start New Year After Roller-Coaster Ride In 2018 As the new year starts, AAA has announced that Connecticut drivers may be able to expect reduced prices at the gas pumps. After the “roller-coaster ride” of prices in 2018, new statistics show that this year’s average price for a gallon of self-serve regular in Connecticut is exactly the same as it was just one year ago, as of Friday, Dec. 28, at $2.64. On a national level, prices are stabilizing as well. The average national price is $2.29, which is nine cents less than last year. Plus, full 20% of states have average prices below $2.00 per gallon. The AAA attributes these price reduction…

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by Valerie Musson
Politics
Wealthy CT Residents Will Be Hit Hard By GOP Tax Bill, Study Says Wealthy CT Residents Will Be Hit Hard By GOP Tax Bill, Study Says
Wealthy CT Residents Will Be Hit Hard By GOP Tax Bill, Study Says A new study finds that Connecticut has had the third most millionaires in the U.S. for the last seven years. That means that the GOP tax bill will have a greater impact on wealthy residents in the blue states, the study says. The 2017 Phoenix Wealth & Affluent Monitor (W&AM) shows that as of mid-2017, the top 1 percent of U.S. households -- those having $5 million or more in investable assets or liquid wealth -- increased by eight percent to more than 1.1 million. The richest Americans are concentrated in states that were carried by Democrats in at least three of the last four pres…

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by Cecilia Levine