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Business and Economic News

Amazon reports its first unprofitable year since 2014

Amazon reports its first unprofitable year since 2014

The biggest culprit was Amazon hefty investment in the electric automaker Rivian, whose value plummeted last year. Amazon also contends with the need to recalibrate after a pandemic-era upsurge.
by Alina Selyukh

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Tesla slashed its prices across the board. We're now starting to see the consequences

Tesla slashed its prices across the board. We're now starting to see the consequences

Tesla's recent price cuts continue to reverberate, forcing Ford to follow suit while leaving Tesla owners feeling aggrieved. Here's how the move by the market leader has shaken the car industry.
by Camila Domonoske

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Junk food companies say they're trying to do good. A new book raises doubts

Junk food companies say they're trying to do good. A new book raises doubts

As the marketing of soda and fast food ramps up around the world, the companies involved forge partnerships to help the poor. The new book 'Junk Food Politics' casts a critical eye at their efforts.
by Pien Huang

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Report: Minnesota’s greenhouse gas emissions dropped, but work still needed

Report: Minnesota’s greenhouse gas emissions dropped, but work still needed

Transportation remains Minnesota’s biggest source of greenhouse gases, followed by agriculture. Emissions from electricity generation continued to fall as utilities shuttered coal plants and relied more on wind and solar energy.
by Kirsti Marohn

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Amazon tells Minnesota it will shut down Shakopee center, lay off 680 workers

Amazon tells Minnesota it will shut down Shakopee center, lay off 680 workers

Amazon told the state its sort center complex in the southwest metro area will close effective March 31. A company spokesperson said the workers affected will be offered opportunities at facilities elsewhere in the Twin Cities region.
by Nina Moini

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