Business and Economic News

 Pearson’s Candy Company to shut down St. Paul plant
Pearson’s Candy Company told Minnesota officials it will permanently shut down the West Seventh Street plant and lay off about 80 employees at the end of September.
After court reversal, Albert Lea reconsiders cannabis dispensary it had denied
Jacob Schlichter, owner of The Smoking Tree in Albert Lea, is hoping to open after an appeals court ruled the city improperly denied his registration. Now, the city is reconsidering his business application.
The Federal Reserve faces a critical decision on interest rates
Policymakers at the Federal Reserve are meeting to discuss interest rates Wednesday. They're expected to hold rates steady, but there's a chance they could raise rates to combat stubborn inflation.
Farmers are struggling to turn a profit. How does it compare to the farm crisis in the '80s?
Corn and soybean growers have seen several years of low commodity prices and increased costs for supplies like fertilizer and fuel. That has many farmers worried about whether they'll turn a profit this year and drawn some comparisons to a dark time in American agriculture.