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Business and Economic News

Minnesota farmers face rising costs following Russia's invasion of Ukraine

Minnesota farmers face rising costs following Russia's invasion of Ukraine

Rising costs for fuel, fertilizer and food are just some of the issues American farmers are dealing with following Russia’s invasion of Ukraine. They may be able to sell their goods at higher prices, but will they be able to make end’s meet?
by Cathy Wurzer and Lindsay Guentzel

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Invasion of Ukraine ripples through the agricultural economy

Invasion of Ukraine ripples through the agricultural economy

The Russian invasion of Ukraine has created turmoil in farm commodity markets and left farmers, grain traders and agricultural economists trying to predict the effects on the international food system.
by Dan Gunderson

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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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