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Business and Economic News

UnitedHealth tops 3Q forecasts as it resets coverage prices to deal with rising costs

UnitedHealth tops 3Q forecasts as it resets coverage prices to deal with rising costs

UnitedHealth has returned to better-than-expected growth after starting the year swamped by medical costs and withdrawing its forecast for 2025. Leaders of the health care giant say care use is now climbing at rates they expected, and the company envisions annual growth next year that accelerates in 2027.
by The Associated Press

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Amazon lays off thousands of corporate workers as it spends big on AI

Amazon lays off thousands of corporate workers as it spends big on AI

Amazon has faced pressure from investors to tighten its finances as it spends big on the AI race. The company says it will cut 14,000 jobs, citing a goal of "reducing bureaucracy, removing layers."
by Alina Selyukh

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Target cutting 800 jobs across Minneapolis and Brooklyn Park, raising concerns about broader economic slowdown

Target cutting 800 jobs across Minneapolis and Brooklyn Park, raising concerns about broader economic slowdown

Target is undergoing a corporate restructuring that includes layoffs concentrated in its downtown Minneapolis headquarters where it employs some 7,000 people. 
by Chris Farrell

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Brazilian farmers beef up soybean production as China halts business with U.S. during trade fight

Brazilian farmers beef up soybean production as China halts business with U.S. during trade fight

Brazilian farmers are increasing soybean production as the U.S. and China engage in a trade fight. The conflict has shut American soybeans out of the Chinese market, leading China to seek more Brazilian supply. China’s customs body reported no U.S. soybean imports in September, a first since November 2018. 
by The Associated Press

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The power of good credit: Understanding and improving your credit score

The power of good credit: Understanding and improving your credit score

What’s your credit score? And why does it matter? MPR News guest host Catharine Richert talks with a financial coach about how your credit can open doors — or quietly cost you thousands — and what habits can build better credit. 
by Catharine Richert and Nikhil Kumaran

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Minnesota home sales up as mortgage interest rates fall

Minnesota home sales up as mortgage interest rates fall

Listings rose 4.9 percent across the state while pending sales increased 5.9 percent, according to data from the industry trade group, Minnesota Realtors. In the Twin Cities region, listings were up 5.2 percent and pending sales rose 7.9 percent.
by Alanna Elder and The Associated Press

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Why the ACA needs young people — and the looming 'death spiral' for health insurance

Why the ACA needs young people — and the looming 'death spiral' for health insurance

Young and healthy people who get Affordable Care Act health insurance are thinking about dropping coverage next year, as the government remains shutdown over health care tax credits.
by Selena Simmons-Duffin

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City of Buffalo hopes plan to replace old government center with housing, businesses will boost downtown

City of Buffalo hopes plan to replace old government center with housing, businesses will boost downtown

The developer plans to tear down the old Wright County Government Center and build two five-story apartment buildings with about 200 units, plus 16 patio homes, commercial space and possibly a marina on the shore of Buffalo Lake. 
by Kirsti Marohn

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