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Business and Economic News

Midwestern partnership backs hydrogen as clean energy source

Midwestern partnership backs hydrogen as clean energy source

Seven Midwestern states are teaming up to accelerate the development of hydrogen as a clean energy source. The Midwestern Hydrogen Coalition will include Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio and Wisconsin.
by The Associated Press

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Cirrus Aircraft unveils plans for design center in Duluth

Cirrus Aircraft unveils plans for design center in Duluth

The small airplane manufacturer said it plans to hire 80 additional engineers over the next three years to staff the new hub, which will be located in a giant hangar the company recently acquired from the city.
by Dan Kraker

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As prices climb, Americans cut spending and dip into savings to make ends meet

As prices climb, Americans cut spending and dip into savings to make ends meet

Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.
by Scott Horsley

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A fall tradition: Bringing in the wild rice harvest

This is the season for collecting wild rice across northern Minnesota. Ricers have been out in canoes harvesting the crop from lakes and rivers. To preserve that rice, and give it the trademark nutty, smoky flavor involves a process of parching, jigging, winnowing and fellowship.
by Dan Gunderson

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Mortgage rates hit six percent, first time since 2008 housing crash

Mortgage rates hit six percent, first time since 2008 housing crash

Average long-term U.S. mortgage rates climbed over six percent this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market.
by The Associated Press

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Minnesota's unemployment rate increases slightly, but Minn. officials say hiring is still strong

Minnesota's unemployment rate increases slightly, but Minn. officials say hiring is still strong

August’s unemployment rate was 1.9 percent, just up from the state’s record-low 1.8 percent in July. It’s still much lower than the national unemployment rate, which was 3.7 percent in August.
by Peter Cox

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