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Business and Economic News

Trump calls affordability crisis a ‘hoax.’ The data tells a different story

Trump calls affordability crisis a ‘hoax.’ The data tells a different story

As Democrats campaigning on affordability pick up wins, Trump’s messaging about a strong economy is at odds with widespread voter sentiment that he’s not doing enough to tackle rising costs.
by Joe Hernandez

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Grain market expert weighs in on federal bailout for Minnesota farmers hurt by tariffs, inflation

Grain market expert weighs in on federal bailout for Minnesota farmers hurt by tariffs, inflation

Ed Usset, grain marketing specialist at the Center for Farm Financial Management and U of M Extension professor, joined Cathy Wurzer on Morning Edition Wednesday to share how tariffs have affected farm country.
by Cathy Wurzer and Gracie Stockton

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A divided Federal Reserve cuts interest rates for a 3rd straight time

A divided Federal Reserve cuts interest rates for a 3rd straight time

The Fed lowered its benchmark interest rate by a quarter percentage point, in an effort to shore up a weakening job market. With inflation remaining stubbornly high, it was not a slam dunk decision.
by Scott Horsley

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Duluth City Council votes to transfer former golf course land for future housing

Duluth City Council votes to transfer former golf course land for future housing

Despite concerns voiced by some residents claiming a lack of transparency and a flawed public process, the Duluth City Council voted to transfer the closed Lester Park Golf Course property to the city’s economic development authority to explore a potential housing development.
by Dan Kraker

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Bessent divests from soybean farmland ahead of Trump aid announcement for farmers

Bessent divests from soybean farmland ahead of Trump aid announcement for farmers

Treasury Secretary Scott Bessent has proclaimed solidarity with U.S. farmers in recent months as they grappled with the loss of a major soybean buyer due to President Donald Trump's trade war with China.
by The Associated Press

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Not so fast, Netflix. Paramount launches hostile bid for Warner Bros. Discovery

Not so fast, Netflix. Paramount launches hostile bid for Warner Bros. Discovery

Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and Warner Brothers executives were celebrating a deal they had struck. 
by David Folkenflik

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Trump is proposing a $12B aid package for farmers hit hard by his trade war with China

Trump is proposing a $12B aid package for farmers hit hard by his trade war with China

A White House official says President Donald Trump is planning a $12 billion aid package for U.S. farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war.
by The Associated Press

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