Business and Economic News

Proposals to end federal income taxes on tips
On Tuesday, Angela Davis and her guests talk about the recent proposals from the Trump and Harris campaigns to eliminate federal taxes on tips.
Blue Cross and Blue Shield of Minnesota Foundation awards $3.4 million to nonprofits statewide for child care and early education 
More than $3.4 million from the Blue Cross and Blue Shield of Minnesota Foundation will go to nonprofits around the state to fund programming that supports child care and early education.
’The time has come’ to lower interest rates: Fed Chair Jerome Powell
Federal Reserve chairman Jerome Powell signaled that he’s increasingly confident inflation will soon be tamed, and that he and his colleagues will soon cut interest rates to avoid hurting the job market.
Gas prices are down. We could be headed for lows not seen since 2021
Pump prices having been falling all summer, and as Labor Day approaches, they're 47 cents lower than this time last year. Some analysts see $3 gasoline in our future.
After feedback, Xcel changes plan to charge more for electricity during peak hours
Xcel Energy proposed charging variable rates to better reflect the actual cost of delivering electricity during times of peak demand. The utility now says the program will be voluntary for customers who choose to opt in, and the peak rates won’t be as high.