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Business and Economic News

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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Markets tumble worldwide, bear market growls on Wall Street

Markets tumble worldwide, bear market growls on Wall Street

Fears about a possible recession are pounding markets worldwide on Monday, and Wall Street’s S&P 500 tumbled into the maw of what’s known as a bear market after sinking more than 20 percent below its record set early this year.
by The Associated Press

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Minnesota business news with Patrick Rehkamp

Patrick Rehkamp from the Minneapolis St. Paul/Business Journal returns to Minnesota Now with the latest updates on Minnesota jobs, housing, and hefty gas prices.
by Cathy Wurzer and Ellen Finn

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Biden vows to battle inflation as prices keep climbing

Biden vows to battle inflation as prices keep climbing

Biden on Friday pledged to keep fighting against inflation while touring the Port of Los Angeles, America’s busiest port and a place that the White House said last October would be key for reducing price pressures.
by The Associated Press

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U.S. lifts COVID-19 test requirement for international travel

U.S. lifts COVID-19 test requirement for international travel

The Biden administration is lifting its requirement that international air travelers to the U.S. take a COVID-19 test within a day before boarding their flights, easing one of the last remaining government mandates meant to contain the spread of the coronavirus.
by The Associated Press

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What to know about applying for Minnesota’s front-line worker bonus

What to know about applying for Minnesota’s front-line worker bonus

Qualified essential workers can now apply to receive checks of up to $1,500 meant to support those who worked in especially high-risk environments during the pandemic. The state predicts up to 700,000 Minnesotans could be eligible for the hero pay.
by Grace Birnstengel

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Minnesota auto dealers sue to block state's 'clean cars' plan

Minnesota auto dealers sue to block state's 'clean cars' plan

The Minnesota Auto Dealers Association has filed a lawsuit challenging the state's "clean cars" plan adopted late last year, which is intended to increase the number of electric vehicles for sale in Minnesota and reduce the state’s greenhouse gas emissions.
by Dan Kraker

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