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Business and Economic News

Facebook shrugs off fears it's losing users

Facebook shrugs off fears it's losing users

More people used Facebook in the first quarter than analysts expected, easing concerns about competition from TikTok.
by Shannon Bond

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Hit with $7,146 for two hospital bills, a family sought health care in Mexico

Hit with $7,146 for two hospital bills, a family sought health care in Mexico

A dad's COVID-19 and a mom's fainting spell cost thousands, so when their son dislocated his shoulder, they drove him to Mexicali, where facilities rival those in the U.S., and had him treated for $5.
by Paula Andalo

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Minnesota's first Black-owned bank opens in Minneapolis

Minnesota's first Black-owned bank opens in Minneapolis

Detroit-based First Independence Bank opened the doors of its first expansion outside of Michigan, in a former Wells Fargo Bank branch near Highway 280 and University Avenue. It is being celebrated as the first time in Minnesota history a bank has had Black ownership.
by Tim Nelson

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Pro football investor pleads guilty in cryptocurrency scheme

A businessman who was one of the early investors in a failed professional football league called the Alliance of American Football has pleaded guilty to charges accusing him in $600 million cryptocurrency scheme.
by The Associated Press

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Coping with skyrocketing new and used car prices

Coping with skyrocketing new and used car prices

If you’re in the market for a new car, you’ve probably experienced sticker shock. At 9 a.m. Monday, guest host Chris Farrell spoke with two experts about what’s happening with the automobile industry and prices.
by Chris Farrell and Maja Beckstrom

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Despite U.S. sanctions, oil traders help Russian oil reach global markets

Despite U.S. sanctions, oil traders help Russian oil reach global markets

Russia is still making billions of dollars on oil exports since invading Ukraine. That crude is still flowing abroad thanks in part to a controversial group of oil traders.
by Julia Simon

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Why your USPS mail package delivery is about to get slower

Why your USPS mail package delivery is about to get slower

Starting next month, more than 30% of first-class packages will be considered on time if they arrive within four or five days, as the Postal Service eases its standards for delivery times.
by Bill Chappell

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