Business and Economic News

Oil tumbles 10% as Wall Street rallies to another record after Iran reopens the Strait of Hormuz
Oil prices are falling by more than 10 percent, and Wall Street is rallying toward another record after Iran said the Strait of Hormuz is fully open, which would allow oil tankers to exit the Persian Gulf again and carry crude to customers worldwide.
NPR receives $113 million in charitable gifts
"My hope is that this commitment provides the stability and the spark NPR needs to innovate boldly and strengthen its national network," says Connie Ballmer, who gave $80 million of the $113 million.
Minnesota gas prices continue to climb
While crude oil prices dropped this week following news of a tenuous ceasefire in the U.S. and Israeli war with Iran, gas prices continue to rise in Minnesota.
What will bring visitors back to the Science Museum of Minnesota?
The Science Museum of Minnesota is drawing half the number of visitors it did compared to before the COVID-19 pandemic. MPR News host Angela Davis talks about how the museum is responding to the plunge in attendance and revenue.
Why high oil prices are good for oil companies — until they aren’t
Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks.
Opponents of data centers join with critics of power line proposal in northern Minnesota
Opponents of a massive data center proposed by Google in the small northern Minnesota city of Hermantown are also speaking out against a proposed electric transmission line that advocates argue is needed for the transmission of energy generated from renewable sources.