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Business and Economic News

Wealth disparities by race grew during the pandemic, despite income gains, report shows

Wealth disparities by race grew during the pandemic, despite income gains, report shows

A strong performance in financial markets, particularly an outsize gain for the stock market in 2021, helped entrench existing trends of wealth inequality during the pandemic, new data released this week show.
by The Associated Press

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Despite record warmth and no snowfall, the world’s fastest cross-country skiers are still coming to Minneapolis

Despite record warmth and no snowfall, the world’s fastest cross-country skiers are still coming to Minneapolis

Despite a historically warm winter and hardly any natural snowfall, organizers of the first World Cup cross-country ski race to be held in the U.S. in more than 20 years are moving ahead with the race scheduled for Theodore Wirth Park in Minneapolis next weekend.
by Dan Kraker

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Minnesota’s got talent: ‘Beef’, ‘Lisa Frankenstein’ and ‘True Detective’ all have roots in Minnesota

Minnesota’s got talent: ‘Beef’, ‘Lisa Frankenstein’ and ‘True Detective’ all have roots in Minnesota

Lee Sung Jin, the creator of ‘Beef’, Diablo Cody the writer of ‘Lisa Frankenstein’ and Isabella Star LaBlanc an actor in ‘True Detective: Night Country’ are all making a name for themselves in Hollywood, and they all see Minnesota as part of their rise to fame.
by Cathy Wurzer, Nina Moini, Ellen Finn, Alanna Elder and Aleesa Kuznetsov

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Enbridge appeals to vacate an order that would shut down its pipeline

Enbridge appeals to vacate an order that would shut down its pipeline

The Tribe fears the aging pipeline could rupture. Enbridge’s attorney told a three-judge federal appellate panel Thursday that Conley lacked authority to issue such an order. Bad River’s attorney is calling for an immediate shutdown to protect the environment.
by The Associated Press

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Are we living in 'Black Mirror?' Apple Vision Pros may make it feel that way

Are we living in 'Black Mirror?' Apple Vision Pros may make it feel that way

Videos of Apple’s new mixed-reality headset being used behind the wheel have led to concerns about distracted driving. Experts say they pose dangers since they don’t perfectly reproduce human vision.
by Diba Mohtasham

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Travis Kelce, Taylor Swift merchandise selling like hotcakes — including this ignitable cake by a Minnesota baker

Travis Kelce, Taylor Swift merchandise selling like hotcakes — including this ignitable cake by a Minnesota baker

There are ignitable cakes that burn away a Chiefs logo to reveal Swift’s image underneath. Sweatshirts are emblazoned with “Kelce’s Best Catch” and “Go Kansas City Swiftie.” It is part of what has been described as the Swift effect.
by The Associated Press

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Eli Lilly settlement caps insulin prices for Minnesotans

Eli Lilly settlement caps insulin prices for Minnesotans

A settlement between the state of Minnesota and drugmaker Eli Lilly provides better guarantees for patients that their out-of-pocket insulin costs won’t exceed $35 a month, beginning immediately.
by Peter Cox

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