Business and Economic News

Why inflation is losing its punch — and why things could get even better
Annual inflation fell to 3 percent in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.
St. Luke’s plan to merge with Aspirus Health is the latest for Minnesota health care 
Duluth-based St. Luke’s plans to merge with Aspirus Health, a nonprofit health system that operates in Wisconsin and the Upper Peninsula of Michigan. The new system will contain 19 hospitals, 130 outpatient locations and nearly 14,000 staff.
The 2023 Emmy nominations are in: What's old, what's new and what's next?
The old guard was out in force: 27 nods for “Succession,” 23 for “The White Lotus” and 21 for “Ted Lasso.” But there's a healthy mix of new shows, too, including “The Last of Us,” “Jury Duty” and “The Bear.”
It's back-to-school shopping time, and everyone wants a bargain
Spending on back-to-school supplies is predicted to decline this year, for the first time since 2014. With inflation top of mind, parents and teachers are looking for ways to save money.
Two firms want to bring high tech jobs to north Minneapolis
Two CEOs with strong ties to north Minneapolis have plans to expand their companies in a section of the city that has long been in need of well-paying jobs.  
Bank of America to pay $250 million for illegal fees, fake accounts
An investigation found that Bank of America raked in tens of millions of dollars in resubmitted insufficient funds fees. The bank also illegally opened credit cards without customers knowledge.