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Business and Economic News

About 10,000 Amazon workers authorize plan to strike Thursday

About 10,000 Amazon workers authorize plan to strike Thursday

The International Brotherhood of Teamsters said workers in Atlanta, New York City, California and Illinois plan to join the picket line.
by Ayana Archie

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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.
by The Associated Press

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Coffee prices are higher than ever. Here’s what it means for your cup

Coffee prices are higher than ever. Here’s what it means for your cup

Droughts in top coffee-growing countries have shrunk the supply of beans. Supermarket brands like Nescafé and Folgers have already raised prices — but the world keeps drinking more and more coffee.
by Alina Selyukh

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Amid safety concerns, federal government puts land into trust for Prairie Island Indian Community

Amid safety concerns, federal government puts land into trust for Prairie Island Indian Community

The Prairie Island Indian Community can start preparing to move its gaming operations — should that be necessary — after a ruling by the federal government last week put about 400 acres of land into trust. It was spurred by the tribe’s concerns that “catastrophic” flooding or an incident from the nearby nuclear power plant would render their casino inoperable.
by Melissa Olson

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