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Business and Economic News

U.S. inflation jumped 7.5 percent in the past year, a 40-year high

U.S. inflation jumped 7.5 percent in the past year, a 40-year high

Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.
by The Associated Press

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Pandemic bonuses, unemployment fix collide at MN Capitol

Pandemic bonuses, unemployment fix collide at MN Capitol

The DFL-led House is moving quickly on a $1 billion plan to financially reward front-line workers during the pandemic. The GOP-led Senate wants to first deal with a massive hole in the unemployment fund and deal with the pandemic checks later.
by Brian Bakst

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Omicron continues pain for event businesses in MN, still not back to normal

Omicron continues pain for event businesses in MN, still not back to normal

The live event and hospitality industries have been hit extremely hard by the COVID-19 pandemic. But they say they have been, for the most part, left out of the financial aid many others have received.
by Peter Cox

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Even divorce might not free you from your ex's student loan debt

Even divorce might not free you from your ex's student loan debt

A short-lived program in the early 2000s allowed married couples to consolidate their student loans for a lower interest rate. Now, with no legal way to separate the loans, some want changes.
by Sequoia Carrillo

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Why buying a car is still such a miserable experience right now

Why buying a car is still such a miserable experience right now

Car buyers today continue to face fewer choices and much higher prices — and cheap vehicles are especially hard to find. It's not just that there are fewer cars; the ones being made are fancier, too.
by Camila Domonoske

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Paying bills or buying masks: Simple living with COVID is hitting some Americans hard

Paying bills or buying masks: Simple living with COVID is hitting some Americans hard

As the human toll of the coronavirus continues to mount, so does the cost that comes from living during a pandemic. For some, it means choosing between paying bills or buying masks just to stay safe.
by Mallory Yu and Amy Isackson

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MN farmers warned to prepare for deadly avian influenza

MN farmers warned to prepare for deadly avian influenza

Minnesota is the leading producer of turkeys in the country, producing more than 40 million birds a year. Millions of poultry on Minnesota farms died as the result of an influenza outbreak in 2015.
by Dan Gunderson

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Senate GOP reveals plan to resolve unemployment fund deficit

Senate GOP reveals plan to resolve unemployment fund deficit

Minnesota Senate Republicans released a $2.73 billion proposal to repay the state’s debt to the federal government for unemployment benefits during the pandemic and prevent a looming tax hike on businesses. 
by The Associated Press

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