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Business and Economic News

Corporate America reckons with its role in reproductive rights

Corporate America reckons with its role in reproductive rights

A growing list of companies is offering to cover travel expenses for abortion care, if an employee lives in a state with restrictive laws. Yet corporate America still has its own issues to address.
by Lauren Hodges

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The Fed's mission improbable: Beating inflation without causing a recession

The Fed's mission improbable: Beating inflation without causing a recession

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.
by Scott Horsley

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Cleveland-Cliffs extends closure of Northshore Mining until April

Cleveland-Cliffs extends closure of Northshore Mining until April

Cleveland-Cliffs plans to extend the closure of its Northshore Mining facilities in Babbitt and Silver Bay, Minn., until at least April, 2023. About 410 workers were laid off when the closure began in May this year.
by Dan Kraker

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Businesses struggle to navigate values in a politically polarized world

“I think we all need to ask ourselves whether we want to end up in an America with red banks and blue banks, red mattress companies and blue mattress companies, where business becomes as polarized as the general population,” business ethicist Alison Taylor tells MPR News host Tom Crann.
by Tom Crann, Sam Stroozas and Megan Burks

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Minnesota celebrates, confronts ‘bafflingly low’ unemployment rate

Minnesota celebrates, confronts ‘bafflingly low’ unemployment rate

Minnesota notched another new unemployment record in June, with its seasonally adjusted rate falling to 1.8 percent. But job growth has tapered as employers struggle to fill openings.
by Brian Bakst

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St. Paul ordinance set 3 percent cap on rent increases — but exemption requests are mounting

St. Paul ordinance set 3 percent cap on rent increases — but exemption requests are mounting

Last fall, it looked simple. Voters in St. Paul approved a strict new rule for raising rents in the city. But implementation is proving tricky. There are paths for landlords to seek exemptions allowing rent increases much higher than the 3 percent cap.
by Tim Nelson

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Netflix loses nearly 1 million subscribers. That's the good news

Netflix loses nearly 1 million subscribers. That's the good news

The streaming service had forecast that it would lose 2 million subscribers. The less severe loss, combined with a projection of growth in July to September, helped lift Netflix's battered stock.
by Eric Deggans

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