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Business and Economic News

Target sales decline to start the year, but it sees improvement

Target sales decline to start the year, but it sees improvement

Target is reporting a decline in quarterly revenue as still-stubborn inflation cuts into shoppers’ spending. The Minneapolis retailer also delivered a muted profit outlook on Wednesday. But it said it expects it will get back to quarterly sales growth in the current quarter.
by The Associated Press

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Feds charge 2 Minneapolis consultants in $1M COVID-19 fraud

Feds charge 2 Minneapolis consultants in $1M COVID-19 fraud

A grand jury has indicted two Minneapolis business consultants on charges of defrauding government pandemic aid programs out of more than a million dollars.
by Matt Sepic

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Investment firms named in U of M disclosure, divestment supporters request increased transparency

Investment firms named in U of M disclosure, divestment supporters request increased transparency

The University of Minnesota shared additional investment fund information in response to student coalition demands. The list of investment funds totals more than $518 million. Some students have concerns. 
by Melissa Olson

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Critical DMs: The arts team critiques the smell of Horace the corpse flower

Critical DMs: The arts team critiques the smell of Horace the corpse flower

The MPR News arts team discuss the strong, pungent smell of the yet-to-bloom corpse flower at the Como Zoo and Conservatory, comparing it to sour cheese, garlic and sweaty feet, while exploring fragrance terminology and the flower’s impact on visitors.
by Alex V. Cipolle and Max Sparber

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Why are there so many remote workers in Minnesota compared to other states?

Why are there so many remote workers in Minnesota compared to other states?

New data analyzed by the Federal Reserve Bank of Minneapolis has found that Minnesota has one of the higher shares of remote workers in the country and the highest in the Midwest.
by Cathy Wurzer and Aleesa Kuznetsov

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Target to lower prices on about 5,000 basic goods as inflation sends customers scrounging for deals

Target to lower prices on about 5,000 basic goods as inflation sends customers scrounging for deals

Target plans on cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets.
by The Associated Press

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'Magic United': Disneyland characters vote to unionize

'Magic United': Disneyland characters vote to unionize

Disneyland employees in California, including those who perform as characters from Mickey Mouse to Moana, have voted to unionize. The 1,700 workers will be represented by Actors' Equity Association.
by Andrea Hsu

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