Business and Economic News

Retailers howled about theft last year. Why not now?
Mentions of retail theft seem to be fading, their fever pitch cooling. What’s changed? And how bad was the problem in the first place?
How our first jobs shape the rest of our lives
MPR News host Angela Davis talked with two experts about how our first jobs as young adults shape our minds, habits and futures.
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.
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.
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.
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.  
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.