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Business and Economic News

Judge halts Minneapolis 2040 zoning plan amid environmental questions

Judge halts Minneapolis 2040 zoning plan amid environmental questions

Wednesday's ruling does not kill the plan and leaves open the possibility of restarting it once the city takes steps to address environmental concerns. A city attorney said Minneapolis is considering appealing the ruling.
by MPR News Staff

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Minnesota notches another new low in unemployment

Minnesota notches another new low in unemployment

Minnesota’s low unemployment rate reached a new record in May, when the seasonally adjusted jobless figure hit 2 percent.
by Brian Bakst

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Days of intense heat have killed thousands of cattle in Kansas

Days of intense heat have killed thousands of cattle in Kansas

Temperatures topped 104 degrees in the state’s top cattle county. In widely seen video footage, rows of carcasses are shown lined up along the edge of a field.
by Bill Chappell

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Abbott's baby formula plant closes again after severe storms and flooding

Abbott's baby formula plant closes again after severe storms and flooding

Abbott's Sturgis, Mich., plant was open for less than two weeks before it had to close again after flooding from severe weather. The company said it hopes to resume production in a few weeks.
by Wynne Davis

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Who are the winners and losers of the Fed hiking interest rates?

Who are the winners and losers of the Fed hiking interest rates?

The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75 percent, the largest increase in decades. But what does that actually mean for everyday Americans?
by Becky Sullivan

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Fed attacks inflation with its largest rate hike since 1994

Fed attacks inflation with its largest rate hike since 1994

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.
by The Associated Press

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So long, Internet Explorer. The browser retires today

So long, Internet Explorer. The browser retires today

Microsoft has officially sent Internet Explorer into retirement. As of Wednesday, Microsoft will no longer support the once-dominant browser that legions of web surfers loved to hate — and a few still claim to adore.
by The Associated Press

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The S&P 500 is in a bear market. Here’s what that means

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. 
by The Associated Press

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