Business and Economic News

4 reasons why your car insurance premium is soaring
The cost of car insurance has jumped more than 19 percent in the last year, far outpacing overall inflation. There are several reasons why that's happening.
Sky-high CEO pay is in focus as workers everywhere are demanding higher wages
As autoworkers' real wages fall, top executives at the Big Three carmakers continue to earn tens of millions of dollars each year — hundreds of times more than the median employee.
Gas prices still running high in Minnesota, but relief may be near
The average price of gas across Minnesota has continued to inch up this week after a significant spike last Thursday and Friday. But there may be relief in the coming days.
The union representing about 1,700 meatpacking workers at the Hormel Foods plant in Austin, Minn., says they’ll vote this week on a contract proposal it’s calling a “final offer” from the company.
Lufthansa to start offering service between Twin Cities, Frankfurt
Lufthansa plans to start offering flights between the Twin Cities and Frankfurt next year. Airport officials said the route will begin June 4. Lufthansa will fly the Twin Cities-Frankfurt route year-round, five days a week.
Already battling staffing shortages, nursing homes brace for Biden's potential mandatory minimums
Despite receiving more than $9 billion in COVID-19 emergency funding, nursing homes across the country remain chronically understaffed. The Biden Administration is working to fulfill a State of the Union Address promise to require nursing homes to have more staffing along with 24/7 care which means more hiring nationwide from a strained pool of workers.
Metro Transit workers vote to authorize strike
Hundreds of members of the union that represents Metro Transit workers in the Twin Cities have authorized a strike. The vote doesn’t mean there will be a work stoppage yet — but it does empower the union’s leaders to call a strike.