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Business and Economic News

Supreme Court allows Lisa Cook to remain as a Federal Reserve governor for now

Supreme Court allows Lisa Cook to remain as a Federal Reserve governor for now

The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now. The court is declining to act on the Trump administration’s effort to immediately remove her.
by The Associated Press

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Minneapolis Fed President Neel Kashkari on interest rates, inflation, jobs and what's next

Minneapolis Fed President Neel Kashkari on interest rates, inflation, jobs and what's next

MPR News guest host Catharine Richert and senior economics contributor Chris Farrell talk about interest rates, inflation, the job market and what it all means for Minnesotans with Federal Reserve Bank of Minneapolis president and CEO Neel Kashkari.
by Catharine Richert, Chris Farrell and Cari Dwyer

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In St. Paul, a push to create new opportunities for Latina child care providers

In St. Paul, a push to create new opportunities for Latina child care providers

The CLUES Family Wellness and Childcare Business Incubator is one of the first of its kind to launch Latina-owned child care business support. The incubator’s directors hope to build a pipeline of Latino business owners.
by Kyra Miles

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Tax credits soon disappearing for home energy upgrades

Tax credits soon disappearing for home energy upgrades

Some people are rushing to put up solar panels before a federal tax break expires. MPR News guest host Catharine Richert talks about how to use the tax credits for home energy improvements, including solar, insulation and heat pumps.
by Catharine Richert and Maja Beckstrom

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Niron breaks ground on Sartell plant to produce magnets without rare earth elements

Niron breaks ground on Sartell plant to produce magnets without rare earth elements

It’s the first manufacturing plant in the world to produce high-powered magnets without the use of rare earth materials. Niron officials say the plant will help reduce U.S. reliance on materials imported from China.
by Kirsti Marohn

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Trump to place import taxes on drugs, home furnishings and heavy trucks

Trump to place import taxes on drugs, home furnishings and heavy trucks

President Trump said he will put import taxes of 100 percent on pharmaceutical drugs, 50 percent on kitchen cabinets and bathroom vanities, 30 percent on upholstered furniture and 25 percent on heavy trucks starting on Oct. 1.
by The Associated Press

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Trump’s TikTok deal payment criticized as ‘shake-down scheme’ by experts

Trump’s TikTok deal payment criticized as ‘shake-down scheme’ by experts

The U.S. government will collect a multibillion-dollar fee from the American investors who will take over TikTok. Some experts call the fee and other deals like it “extortion.”
by Bobby Allyn and David Folkenflik

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Trump’s $100K H1-B visa fee could hit major Minnesota companies, institutions

Trump’s $100K H1-B visa fee could hit major Minnesota companies, institutions

President Donald Trump has issued an executive order that imposes a $100,000 fee on new H-1B visa petitions. Hundreds of companies in Minnesota could be affected, including several large employers like Mayo Clinic and the University of Minnesota.
by Sarah Thamer

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