Business and Economic News

Post Modern Times plans to continue donation-based restaurant model as long as possible
Owner Dylan Alverson made the switch during the surge of immigration agents to the state. Four months later, he said he’s been scrambling to make the new model work but hopes to continue to keep it going.
Chisago County workers continue long strike
As of Friday, workers have been striking for 42 days. One of the longer strikes in recent history was 45 days in 2023, when Hastings Public Schools food service workers were on strike.
Minneapolis-based Sleep Number files for bankruptcy, plans merger with Canadian retailer
Sleep Number announced in May that it recorded a $50 million net loss in the first quarter of the year, driven by decreased sales. On Friday, the company said that its efforts to change course — including its largest product redesign in a decade — have not been enough.
University of Minnesota, Fairview and M Physicians approve agreement
Attorney General Keith Ellison said that failing to reach an agreement would have significant repercussions for patients, physicians, researchers, medical education and Minnesota’s economy.
SpaceX stock lifts off, rising above its IPO price
The initial public offering from the rocket and AI company raised some $75 billion, making the company one of the biggest in the world — and likely making Elon Musk a trillionaire.