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Business and Economic News

Dry June causes topsoil moisture concerns in southern, central Minnesota

Dry June causes topsoil moisture concerns in southern, central Minnesota

So far this summer has been drier than average, even with recent rain events and a chance for storms this weekend. On Thursday, the U.S. Drought Monitor released a map showing a large swath of central and southern Minnesota abnormally dry, with some areas moving into moderate drought.
by Cathy Wurzer and Lindsay Guentzel

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U.S. employers add a solid 372,000 jobs in sign of resilience

U.S. employers add a solid 372,000 jobs in sign of resilience

America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases. 
by The Associated Press

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Sysco accuses 4 largest beef processors of price fixing

Sysco accuses 4 largest beef processors of price fixing

The nation's largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices.
by The Associated Press

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After more than two years, Canada to resume remote border crossing program

After more than two years, Canada to resume remote border crossing program

A program that allows travelers to cross into certain remote parts of Canada could resume as soon as Friday. The permits will allow canoeists to cross the border from Minnesota into Ontario’s Quetico Provincial Park for the first time in more than two years.
by Dan Kraker

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FAA to give airports $1 billion for terminals and upgrades

FAA to give airports $1 billion for terminals and upgrades

The Biden administration is giving nearly $1 billion to 85 airports across the country — including four in Minnesota — to expand and upgrade terminals and other facilities, using money approved in last year's huge infrastructure bill.
by The Associated Press

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The pandemic has changed workplace fashion. What does that mean for you?

The pandemic has changed workplace fashion. What does that mean for you?

Many people traded in slacks for sweatpants during the worst of the pandemic and are now figuring out what to wear back to the office. Here's what that looks like, from Wall Street to Capitol Hill.
by Rachel Martin and Milton Guevara

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