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Business and Economic News

The housing market squeeze pushes renters into bidding wars

The housing market squeeze pushes renters into bidding wars

Rising mortgage rates and a wave of millennials put more pressure on the rental market. Rents have soared by double digits, but landlords say they're also struggling with higher costs.
by Jennifer Ludden

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DNR releases draft wolf management plan

DNR releases draft wolf management plan

The Minnesota DNR released a draft wolf management plan that calls for maintaining a statewide population of between 2,200 and 3,000 wolves. It does not take a position on a wolf hunting season.
by Dan Kraker

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Federal review says copper-nickel mining poses an environmental risk to BWCA

Federal review says copper-nickel mining poses an environmental risk to BWCA

The Superior National Forest has released a draft environmental study on a proposed 20-year moratorium on new copper mines over a 350-square mile area in the watershed of the Boundary Waters Canoe Area Wilderness.
by Dan Kraker

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Fewer Americans file for jobless aid

Fewer Americans file for jobless aid

Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite myriad economic pressures, including four-decade high inflation. 
by The Associated Press

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Powell says recession 'a possibility' but not likely

Powell says recession 'a possibility' but not likely

Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2 percent. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
by Scott Horsley

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Biden wants a gas tax holiday. Some economists say that's a bad idea

Biden wants a gas tax holiday. Some economists say that's a bad idea

Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump — and could hurt efforts to curb inflation.
by Franco Ordoñez

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