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Business and Economic News

Hair salon economics: Less spending on cuts, colors, nails and massages indicative of slowdown

Hair salon economics: Less spending on cuts, colors, nails and massages indicative of slowdown

If you want to get a last minute hair cut and color in time for the holidays, you still might be able to get an appointment. That’s because hair stylists, who are usually booked well in advance during the holidays, are seeing their business slow.
by Hannah Yang

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Minnesota attorney general announces settlement with Kia and Hyundai over stolen vehicles

Minnesota attorney general announces settlement with Kia and Hyundai over stolen vehicles

Owners of several Kia and Hyundai models will be eligible for free anti-theft hardware upgrades in the new year, following a lawsuit settlement between the automakers and several states, including Minnesota. 
by Estelle Timar-Wilcox

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Twin Cities nonprofits land funding from OpenAI’s new philanthropic arm

Twin Cities nonprofits land funding from OpenAI’s new philanthropic arm

The nonprofit arm of OpenAI pledged more than $40 million to organizations nationwide, with some of that funding headed to Minnesota. Merrick Community Services in St. Paul says the grant will support its core social service work.
by Nina Moini and Alanna Elder

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'It's hurting people': Minneapolis city official suggests alternatives to property tax increases

'It's hurting people': Minneapolis city official suggests alternatives to property tax increases

Property taxes are on the rise as commercial values decline in downtown areas, shifting the financial burden to homeowners. Steve Brandt, president of the Minneapolis Board of Estimation and Taxation, said increases property taxes every year is not sustainable and offered alternatives.
by Cathy Wurzer and Lukas Levin

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