Business and Economic News

CVS and Walgreens are ailing. Here’s why
America’s biggest pharmacy chains are closing hundreds of stores, laying off thousands of workers and rethinking their role in our lives.
Ag leaders voice concerns over negative impacts of tariffs proposed in presidential election
Midwestern agricultural leaders say they are concerned new tariffs being suggested by former President Donald Trump as part of his reelection bid could result in a damaging trade war. They say it could cost the corn and soybeans billions of dollars.
PUC orders Xcel Energy to refund customers for 2011 Sherco outage costs
A major mechanical failure at the Sherco coal-fired power plant caused a fire and extensive damage in 2011. An administrative law judge recently found that Xcel’s failure to prudently operate and maintain Unit 3 contributed to the accident.
The 3rd Precinct keeps showing up in the GOP playbook. Minneapolis wants to turn the page
Speaking outside the former 3rd Precinct in Minneapolis this week, Republican vice presidential candidate JD Vance criticized Gov. Tim Walz for his response to civil unrest in 2020, painting a picture of a burned-down city with rampant crime. He isn’t the first politician to do so this campaign season. Many nearby residents and business owners who have worked to rebuild hope he’s the last.
Small business disaster loan program is out of money until new funds are approved
The SBA’s disaster loan program has run out of money, it announced on Tuesday. The agency expects to receive new funding from Congress, and will continue to accept applications in the meantime.