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Business and Economic News

Ukraine war, inflation hurt business outlook in Minnesota, 8 other states

Ukraine war, inflation hurt business outlook in Minnesota, 8 other states

A new monthly survey suggests that worries about Russia's invasion of Ukraine, soaring inflation and rising interest rates combined to undermine the confidence of business leaders in nine Midwest and Plains states.
by The Associated Press

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Report takes aim at CenterPoint’s gains from Texas merger

Report takes aim at CenterPoint’s gains from Texas merger

The Citizens Utility Board is questioning whether Minnesota’s largest natural gas utility should be allowed to recover more than $400 million in costs associated with a February 2021 winter storm.
by Kirsti Marohn

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As budget surplus grows, debate over what to do with it intensifies

As budget surplus grows, debate over what to do with it intensifies

Minnesota’s projected budget surplus now tops $9.25 billion — up more than $1.5 billion from the previous estimate. Republicans at the state Capitol say it highlights the need for permanent tax cuts, while DFL Gov. Tim Walz suggested increasing one-time tax rebates and using the surplus to reduce the cost of child care and health care.  
by Tim Pugmire

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Target seeks to entice workers with pay of up to $24 an hour

Target seeks to entice workers with pay of up to $24 an hour

The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets.
by The Associated Press

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What we can learn from basic income pilot programs

What we can learn from basic income pilot programs

Both Minneapolis and St. Paul are among the many cities around the nation that have launched guaranteed income pilot programs. The programs guarantee monthly payments to low-income families. MPR News host Angela Davis talks with two experts about what they’re learning through these pilot programs.
by Samantha Matsumoto and Angela Davis

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Ukraine wants to join the EU. Here's how that would work

Ukraine wants to join the EU. Here's how that would work

Ukrainian President Volodymyr Zelenskyy has applied for Ukraine to join the European Union, after appealing to its leaders for immediate entry. Gaining membership is a complex process.
by Rachel Treisman

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Why Minneapolis and St. Paul educational assistants are ready to strike

Why Minneapolis and St. Paul educational assistants are ready to strike

Both Minneapolis and St. Paul teachers unions have identified raising educational support professional pay as a major demand as they prepare to strike. Classroom aides in both cities say they’re working harder than ever, but still struggle to pay their bills. “My job description is, ‘We can ask you to do anything we want,’” says one of her grueling work day.
by Becky Z. Dernbach

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Minnesota budget surplus tops $9.25 billion

Minnesota budget surplus tops $9.25 billion

A new forecast shows Minnesota’s budget surplus has grown to $9.25 billion, up from the earlier forecast of more than $7.7 billion.
by Brian Bakst

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