Business and Economic News

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.
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.
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. 
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.
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.
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.
First Avenue workers ratify first union contract
More than 200 workers at First Avenue and all of the music venues it owns and operates have ratified their first union contract.
Trump’s two cents: President orders U.S. Treasury to ditch the penny to save money
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. Trump wrote in a post Sunday night on his Truth Social site: “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!”
Trump says he will impose a 25% tariff on aluminum and steel imports
Additionally, he plans to announce reciprocal tariffs on "everyone" on Tuesday or Wednesday: "If they charge us, we charge them. That's all," he said. "Every country will be reciprocal."