Business and Economic News

Digi-Key unveils big expansion in a small town
Electronic parts supplier Digi-Key is opening a $400 million dollar warehouse expansion in northwest Minnesota to meet global demand for the products it sells.
Many were denied Minnesota 'hero pay,' advocate says there were barriers
More than 214,000 applications Minnesota’s “hero pay” were denied. That’s 18 percent of all who applied. While some were issues of duplicates, identity verification or income limits, Matt Riley says the process still had barriers for some communities.
Serena Williams' new focus could help diversify the venture capital game
When the tennis megastar announced her plans to retire from competition last week, she said her future will involve a renewed focus on a venture capital firm she quietly founded eight years ago.
Target's profit sinks after it cut prices to clear inventory
Target has reported solid sales for the fiscal second quarter but its profits plunged nearly 90 percent because it slashed prices to clear inventories of clothing, home goods and other discretionary items. 
What's in big Biden bill? Health, climate goals become law
President Joe Biden arrived at the White House promising to “build back” America, and on Tuesday he's signing into law legislation with a slimmer version of that idea.
What people really make (and spend) behind bars
The Marshall Project asked people in prison to track their earning and spending — and bartering and side hustles — for 30 days. Their accounts reveal a thriving underground economy behind bars.
Nurses in Twin Cities, Duluth vote to authorize strike
About 15,000 members of the Minnesota Nurses Association have voted “overwhelmingly” in favor of going on strike, if negotiations don’t resolve differences with management of several health systems in the Twin Cities and Duluth.