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Business and Economic News

Corporate DEI initiatives are facing cutbacks and legal attacks

Corporate DEI initiatives are facing cutbacks and legal attacks

Corporate DEI positions soared after the murder of George Floyd in 2020. Now, due to economic pressure and political pressure from the right, they face an uncertain future.
by Andrea Hsu

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‘Oh, there’s no more Sriracha!’ Asian grocers and consumers confront a shortage of their beloved hot sauce

‘Oh, there’s no more Sriracha!’ Asian grocers and consumers confront a shortage of their beloved hot sauce

$46.99 for a bottle of Sriracha? A shortage of chili peppers is crimping production for the California producer, squeezing supplies and driving up prices. Some consumers are looking to alternatives.
by Hibah Ansari

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$260 tax rebate deposits catching some Minnesotans by surprise

$260 tax rebate deposits catching some Minnesotans by surprise

Some recipients of a Minnesota tax rebate have taken to the internet or called the state tax agency to inquire if their payment is legitimate. After the direct deposit phase, paper checks hit the mail for the rest of a $1 billion-plus distribution.
by MPR News Staff

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Minneapolis weighs increasing funding for community violence prevention

Minneapolis weighs increasing funding for community violence prevention

Earlier this week, Minneapolis Mayor Jacob Frey proposed a $1.8 billion budget which includes an increase in funding for community-driven violence prevention efforts.
by Nina Moini

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Twin Cities is the first in the nation to get inflation below 2 percent annual rate

Twin Cities is the first in the nation to get inflation below 2 percent annual rate

In May, the annual inflation rate in the Twin Cities dropped below the Federal Reserve’s two percent target — making it the first major metropolitan area to do so. What’s behind the region’s relative success?
by Tom Crann and Ngoc Bui

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Aer Lingus set to resume nonstop service between Twin Cities, Dublin

Aer Lingus set to resume nonstop service between Twin Cities, Dublin

Aer Lingus is planning to resume nonstop flights between the Twin Cities and Dublin in April. The Irish airline’s service to Minneapolis St. Paul International Airport had been suspended at the start of the COVID-19 pandemic.
by Tim Nelson

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Austin-based Hormel Foods to send Spam, other relief to Maui

Austin-based Hormel Foods to send Spam, other relief to Maui

The company announced Thursday that three truckloads of the canned pork product are on the way with two more trucks following, totaling more than 264,000 cans of Spam.
by Hannah Yang

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Mortgage rates just hit their highest since 2002

Mortgage rates just hit their highest since 2002

The average cost of a 30-year fixed-rate mortgage jumped to 7.09 percent this week, the highest in over two decades. Rising interest rates have put homes out of reach for many would-be buyers.
by Scott Horsley

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