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Business and Economic News

Why many business owners would love it if you stopped using your credit card

Why many business owners would love it if you stopped using your credit card

The fees merchants pay for accepting credit cards are much higher in the U.S. than in Europe. Ice cream shop owner Victor Garcia, for example, paid more than $25,000 in swipe fees last year.
by Scott Horsley

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Toymaker Lego will stick to its quest to find sustainable materials despite failed recycle attempt

Toymaker Lego will stick to its quest to find sustainable materials despite failed recycle attempt

Denmark’s Lego says it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world’s largest toymaker to use recycled bottles did not work.
by The Associated Press

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Why the U.S. job market has defied rising interest rates and expectations of high unemployment

Why the U.S. job market has defied rising interest rates and expectations of high unemployment

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Yet so far, to widespread relief, the reality has been anything but.
by The Associated Press

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Oil prices have risen. That's making gas more expensive for U.S. drivers and helping Russia's war

Oil prices have risen. That's making gas more expensive for U.S. drivers and helping Russia's war

Oil prices are up, and that affects people far and wide. Drivers pay more for gasoline, and truckers more for diesel. Behind the recent bump in price is Saudi Arabia's decision to slash how much oil it sends to global markets through the end of the year.
by The Associated Press

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Walz takes responsibility for failed vetting of cannabis director

Walz takes responsibility for failed vetting of cannabis director

After his choice to oversee legal cannabis in the state quit after one day amid media scrutiny of her background, Gov. Tim Walz said he will look into why problems weren’t discovered earlier.
by Brian Bakst

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