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Business and Economic News

Kia and Hyundai owners continue to report car theft after free security upgrades

Kia and Hyundai owners continue to report car theft after free security upgrades

Following a nationwide surge in stolen Kia and Hyundai cars built without standard security technology, the companies offered free anti-theft upgrades. But car owners in the Twin Cities and nationwide continue to report stolen cars and break-ins.
by Cari Spencer

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Report shows ride share drivers in metro make less than minimum wage; Lyft disagrees

Report shows ride share drivers in metro make less than minimum wage; Lyft disagrees

A report released by the Minnesota Department of Labor and Industry found wages for drivers working for transportation network companies like Uber and Lyft fall below the minimum wage rates in both Minneapolis and St. Paul. However, Lyft officials say they are skeptical of the data.
by Jon Collins

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Small businesses that rely on Minnesota winters could be eligible for federal disaster assistance due to lack of snow

Small businesses that rely on Minnesota winters could be eligible for federal disaster assistance due to lack of snow

Small businesses that rely on Minnesota’s typically cold winters and count on snow to operate could be eligible for federal assistance after the region’s unusually mild winter. The governor’s office says it’s the first time it’s taken such steps because of a lack of snow.
by Estelle Timar-Wilcox and Anna Haecherl

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Fed study finds Native borrowers pay more interest on home purchases than white borrowers  

Fed study finds Native borrowers pay more interest on home purchases than white borrowers  

New research released by the Center for Indian Country Development at the Federal Reserve Bank of Minneapolis blames a disproportionately broad use of home-only loans on reservations for higher costs for Native American homebuyers.  
by Mathew Holding Eagle III

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Aldi to add 800 of its discount stores across U.S. as Americans feel pinch of high food prices

Aldi to add 800 of its discount stores across U.S. as Americans feel pinch of high food prices

The company did not give specific locations where it plans to open those stores or indicate how many of them might be in Minnesota. Aldi already has more than 75 locations across the state.
by The Associated Press

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Legislation would create temporary licenses for cannabis businesses in Minnesota

Legislation would create temporary licenses for cannabis businesses in Minnesota

Minnesota’s Office of Cannabis Management is proposing changes to the state’s marijuana law, including one that would allow the issuance of a set number of temporary licenses.
by Cathy Wurzer, Alanna Elder and Cari Spencer

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