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Business and Economic News

Daughters of Target’s late cofounder raise concern over company’s pullback on DEI efforts

Daughters of Target’s late cofounder raise concern over company’s pullback on DEI efforts

The daughters of one of the cofounders of Target are expressing their alarm and shock at the discounter’s recent moves to roll back its diversity, equity and inclusion initiatives that have come under attack from conservative activists and of last month, the White House.
by The Associated Press

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Around 14 percent of Minnesotans have filed their 2024 taxes so far

Around 14 percent of Minnesotans have filed their 2024 taxes so far

Two months out from the tax filing deadline, the Minnesota Department of Revenue is already beginning to see a stream of return filings. The state is encouraging people to file electronically and pick the direct deposit option if they’re looking to get their returns quickly.
by MPR News Staff

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University of St. Thomas scrambling after Dept. of Ed cuts millions in funding

University of St. Thomas scrambling after Dept. of Ed cuts millions in funding

The $6.3 million grant was targeted under President Donald Trump’s effort to cut programs the government considers “diversity, equity and inclusion,” or DEI.
by Cathy Wurzer, Gretchen Brown and Lukas Levin

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Joann moves to close 500 of its stores across the U.S. amid bankruptcy, 12 in Minnesota

Joann moves to close 500 of its stores across the U.S. amid bankruptcy, 12 in Minnesota

Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the U.S. — or more than half of its current nationwide footprint. That includes 12 of its 21 locations in Minnesota.
by The Associated Press

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Minnesota lawmaker wants statewide ban on new billboard signs

Minnesota lawmaker wants statewide ban on new billboard signs

Sen. John Marty, DFL-Roseville, said the signs detract from the state's natural scenic beauty and pose a safety concern for motorists. Billboard companies say the bill would hurt local businesses and curtail First Amendment rights.
by Kirsti Marohn

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Mobile pharmacy brings meds to Winthrop customers after losing brick and mortar store

Mobile pharmacy brings meds to Winthrop customers after losing brick and mortar store

Some Minnesota pharmacies are closing their doors because of lower reimbursement rates for prescription drugs and dwindling profit margins — especially for pharmacies with a large customer base on public insurance. 
by Hannah Yang

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Merger with the U and Essentia? Fairview says ‘no’

Merger with the U and Essentia? Fairview says ‘no’

Fairview Health Services says it is not interested in a merger with the University of Minnesota and Essentia Health. The U and Essentia back a plan that would create a nonprofit entity and had invited Fairview to be part of the discussion.
by Nancy Lebens

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How this Minneapolis street grew from immigrant neighborhood to culinary hotspot

How this Minneapolis street grew from immigrant neighborhood to culinary hotspot

13th Avenue in northeast Minneapolis is a culinary hot spot, home to some of the best restaurants in the country. This part of the city has roots as an immigrant neighborhood, a history it has not completely lost touch with even as it gains culinary fame and fancy.
by Gretchen Brown

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U.S. inflation worsened last month as the cost of groceries and gasoline head higher

U.S. inflation worsened last month as the cost of groceries and gasoline head higher

U.S. inflation accelerated last month as the cost of groceries, gas and used cars rose. It’s a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve's resolve to delay any further interest rate cuts.
by The Associated Press

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