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Business and Economic News

The Fed raises interest rates again despite the stress hitting the banking system

The Fed raises interest rates again despite the stress hitting the banking system

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.
by Scott Horsley

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Starbucks workers picket at three locations in Twin Cities

Starbucks workers picket at three locations in Twin Cities

Starbucks coffee shop workers picketed Wednesday at more than 100 stores nationwide, including three in the Twin Cites.
by Tim Nelson

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Fargo-Moorhead drops curbside glass recycling, citing costs

Fargo-Moorhead drops curbside glass recycling, citing costs

Glass can still be brought to recycling drop off sites in both cities but it will be reused locally rather than being shipped to a Twin Cities recycler. The local recycling company said the change will save money and reduce the carbon footprint for processing glass.
by Dan Gunderson

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Walmart to shutter Brooklyn Center location

Walmart to shutter Brooklyn Center location

A spokesperson said in an email it was an underperforming location and did not meet financial expectations.
by Feven Gerezgiher

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5 ways the banking turmoil could affect you

5 ways the banking turmoil could affect you

These are top questions about the impact of recent banking turmoil on regular people, small businesses and the economy.
by Alina Selyukh

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