Business and Economic News

Chisago County workers continue long strike
As of Friday, workers have been striking for 42 days. One of the longer strikes in recent history was 45 days in 2023, when Hastings Public Schools food service workers were on strike.
Minneapolis-based Sleep Number files for bankruptcy, plans merger with Canadian retailer
Sleep Number announced in May that it recorded a $50 million net loss in the first quarter of the year, driven by decreased sales. On Friday, the company said that its efforts to change course — including its largest product redesign in a decade — have not been enough.
University of Minnesota, Fairview and M Physicians approve agreement
Attorney General Keith Ellison said that failing to reach an agreement would have significant repercussions for patients, physicians, researchers, medical education and Minnesota’s economy.
SpaceX stock lifts off, rising above its IPO price
The initial public offering from the rocket and AI company raised some $75 billion, making the company one of the biggest in the world — and likely making Elon Musk a trillionaire.
At Minnesota Capitol, pushback from unions, industry halted new regulations on massive data centers
Opponents hoped the Minnesota Legislature would approve new oversight of large data centers this year, but those bills never gained momentum. Lawmakers adjourned last month without passing any new restrictions.
As drought deepens, southwestern Minnesota farmer fears the long-term toll
In far southwestern Minnesota, in Rock County, Wednesday’s storms missed cattle rancher and farmer Peter Bakken’s land altogether, and he told Morning Edition the lingering drought has him worried about the health of his crops and cows.
Minneapolis Fed sees construction sector slowing, pessimism growing
Construction activity is slowing down, according to a survey of construction firms conducted by the Federal Reserve Bank of Minneapolis. Respondents said residential housing activity, in particular, is falling.