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Business and Economic News

Minneapolis approves measure to boost pay for Uber, Lyft drivers

Minneapolis approves measure to boost pay for Uber, Lyft drivers

The ordinance passed 7-5 despite rideshare companies’ threats they’ll stop operating in the city if the provision goes forward. 
by Jon Collins

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Walz says tax rebates will help with back to school shopping

Walz says tax rebates will help with back to school shopping

The governor promoted rebates arriving in Minnesotan’s bank accounts this week as a back-to-school stimulus. And he responded to complaints from Republican leaders that the $260 rebates were much less than the DFLer promised last year on the campaign trail.
by Brian Bakst

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Lyft, Uber say they'll stop rideshares if Minneapolis passes ordinance

Lyft, Uber say they'll stop rideshares if Minneapolis passes ordinance

Rideshare companies Lyft and Uber are threatening to pull service out of Minneapolis if the city passes an ordinance Thursday that gives drivers more protections and higher pay.
by Jon Collins

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Target sales ebb in Q2 and it cuts outlook for the year citing inflation and a culture war dustup

Target sales ebb in Q2 and it cuts outlook for the year citing inflation and a culture war dustup

Target has reported weaker-than-expected sales for its the fiscal second quarter. The retailer's results were hit by headwinds including inflation and the widely publicized negative reaction by some customers to its Pride merchandise.
by The Associated Press

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Frey outlines $1.8 billion budget for Minneapolis, says city is in 'state of transition'

Frey outlines $1.8 billion budget for Minneapolis, says city is in 'state of transition'

Minneapolis Mayor Jacob Frey outlined on Tuesday his proposed $1.8 billion dollar budget for next year, which includes funding for projects in areas ranging from affordable housing to public safety and climate change. 
by Jon Collins

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