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Economic Impact

Traffic
CT Traffic Crisis: This City Ranks Among Most Congested In The World, New Report Finds CT Traffic Crisis: This City Ranks Among Most Congested In The World, New Report Finds
CT Traffic Crisis: This City Ranks Among Most Congested In The World, New Report Finds No one likes waiting in traffic, but for at least one Connecticut city, it's become a major problem that is only getting worse, and it is costing drivers nearly $1,000 a year.  A new report shows that Stamford drivers are losing more hours and money to traffic than anyone else in Connecticut. The analysis from Inrix, a Washington state-based traffic data company, reviewed more than 900 cities worldwide. It found that Stamford ranks as the 63rd most congested city in the world and 17th in the United States. But there's more bad news: traffic in Stamford is getting worse fast. The repo…

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by Josh Lanier
Lifestyle
Ticket Broker Rigged System To Resell Taylor Swift Tickets For Huge Profits, FTC Says Ticket Broker Rigged System To Resell Taylor Swift Tickets For Huge Profits, FTC Says
Ticket Broker Rigged System To Resell Taylor Swift Tickets For Huge Profits, FTC Says The federal government is suing a Maryland ticket broker, accusing the company of scooping up hundreds of thousands of tickets for major events, including Taylor Swift's record-breaking Eras Tour. The Federal Trade Commission announced the lawsuit against Key Investment Group on Monday, Aug. 18. The Pikesville, MD-based broker has operated under names like Epic Seats, TotalTickets.com LLC, and Totally Tix LLC. Investigators said Key Investment Group resold the tickets at steep markups that generated about $64 million in sales. Three of the company's executives are named …

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by Chris Spiker
Business
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon is denying that it planned to show US tariffs on product listings, after a report sparked backlash from the White House and an angry phone call from President Donald Trump to billionaire Jeff Bezos. The online retail giant refuted a report from Punchbowl News that said Amazon would show how Trump's tariffs are raising prices on many goods. The political news website reported that Amazon would "display how much of an item’s cost is derived from tariffs – right next to the product's total listed price" at checkout. Amazon said the idea was only floated for the compa…

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by Chris Spiker
Business
Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025 Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025
Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025 Egg prices are now expected to jump in price in 2025 by more than double earlier projections. Click here for a new, updated story - Grocery Shoppers Pivot As Inflation Reshapes Spending Initial estimates by the USDA predicted a 20-percent increase just a month ago. With a nationwide shortage due to bird flu which has reduced egg-layer flocks and egg production, a 41-percent increase is now expected this year, the USDA says. The price of a dozen eggs, at around $5 on average, is up nearly 100 percent from last year. About 18.8 million commercial egg layers were affected by the bir…

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by Joe Lombardi
News
Mass Deportations Could Lead To Salary Increases In These States Mass Deportations Could Lead To Salary Increases In These States
Mass Deportations Could Lead To Salary Increases In These States Mass deportations could significantly impact wages in states heavily reliant on foreign labor, according to new research.  An Oxford study suggests that removing a substantial number of immigrant workers may lead to labor shortages, compelling employers to increase salaries to attract native-born workers, Newsweek reports. The states most likely to be affected are New York, New Jersey, California, Florida, and Texas, the report said, because those states have large immigrant populations and economies that depend on foreign labor in sectors such as agriculture, construction, and hospita…

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by Joe Lombardi
Lifestyle
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift created a huge economic impact with her record-breaking Eras Tour and a new book from Harvard Business Review will look at the pop star's financially savvy vision. "There’s Nothing Like This: The Strategic Genius of Taylor Swift" will be released on Tuesday, Apr. 8, the Harvard Business Review announced on Tuesday, Jan. 28. It was written by senior editor Kevin Evers, the author of several bestsellers, including books on digital disruption and marketing. The Eras Tour grossed more than $2 billion and generated a $10 billion economic impact on local economies, acc…

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by Chris Spiker
Business
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report The Rolling Stones called it 58 years early.   Ruby Tuesday is pulling up stakes from the Meriden Mall, leaving just two locations for the casual dining chain in Connection, CT Insider reported on Friday, Jan. 10.  Per the report, the restaurant closed on Tuesday and has been removing equipment from the building. This marks the latest major chain to pull out of Meriden Mall, including Dick's Sporting Goods, Charlotte Russe, Forever 21, and Ramani's Clothiers among others.  A call to Meriden Mall's leasing offices was not immediately returned.  The two remaini…

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by Josh Lanier
Business
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the tentative agreement in a joint news release at night on Wednesday, Jan. 8. The deal aimed to avoid another potential strike on Wednesday, Jan. 15. The ILA and USMX agreed to extend the current master contract until ILA representatives can convene for a ratification vote and USMX members can final…

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by Chris Spiker