Business and Economic News

Toymaker Lego will stick to its quest to find sustainable materials despite failed recycle attempt
Denmark’s Lego says it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world’s largest toymaker to use recycled bottles did not work.
Why the U.S. job market has defied rising interest rates and expectations of high unemployment
Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Yet so far, to widespread relief, the reality has been anything but.
Oil prices have risen. That's making gas more expensive for U.S. drivers and helping Russia's war
Oil prices are up, and that affects people far and wide. Drivers pay more for gasoline, and truckers more for diesel. Behind the recent bump in price is Saudi Arabia's decision to slash how much oil it sends to global markets through the end of the year.
Walz takes responsibility for failed vetting of cannabis director
After his choice to oversee legal cannabis in the state quit after one day amid media scrutiny of her background, Gov. Tim Walz said he will look into why problems weren’t discovered earlier.
Duluth office-to-apartment conversion sparks downtown revitalization hope
A Duluth developer announced plans this week to convert a 50-year old downtown office building into apartments. It’s the first of what the city hopes will be several office-to-housing conversions in the next several years as Duluth works to revitalize its downtown post-pandemic.
UAW ramps up strikes against GM and Stellantis — but not Ford
The United Auto Workers union said it’s expanding its historic strike against the Big Three automakers to all parts distribution facilities at General Motors and Stellantis across the country — including two sites in the Twin Cities metro area.