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Business and Economic News

Power Pair: Steve and Mary Grove support each other and Minnesota

Power Pair: Steve and Mary Grove support each other and Minnesota

The Star Tribune’s new publisher Steve Grove and startup investor Mary Grove are each other’s biggest fans and big believers in the potential of Minnesota. Listen back to MPR News host Angela Davis’ conversation with the married couple as part of her Power Pair series.
by Angela Davis and Maja Beckstrom

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Holiday spending is up. Shoppers are confident, but not giddy

Holiday spending is up. Shoppers are confident, but not giddy

Consumer spending from Nov. 1 through Christmas Eve rose 3.1 percent year over year, new data show, a figure in line with the decade leading up to the pandemic and another positive sign for the economy.
by Becky Sullivan

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The year when the girl economy roared

The year when the girl economy roared

Girl spending was one of the most powerful economic forces in 2023. Taylor Swift and Beyoncé concerts boosted local and national economies. World leaders begged Taylor Swift to come and perform.
by Pallavi Gogoi

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This oil company invests in pulling CO2 out of the sky — so it can keep selling crude

This oil company invests in pulling CO2 out of the sky — so it can keep selling crude

A technology that could help combat climate change is being championed by an unlikely proponent: Occidental Petroleum, a big oil company. And that's raising all kinds of knotty issues.
by Camila Domonoske

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African immigrant entrepreneurs aim to transform Brooklyn Center strip mall 

African immigrant entrepreneurs aim to transform Brooklyn Center strip mall 

The purchase of the aging Shingle Creek Mall was inspired by the growth of businesses run by African immigrants in the western Twin Cities suburbs. Its owners want it to be a model of economic inclusion and innovation. 
by Sarah Thamer

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Minimum-wage workers in 22 states will be getting raises on Jan. 1

Minimum-wage workers in 22 states will be getting raises on Jan. 1

While that's great news for the almost 10 million workers affected, 20 other states still pay minimum-wage workers the federal rate of $7.25 an hour.
by D. Parvaz

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