Business and Economic News

March 15, 2022 4:53 AM

Shares in China fall amid strongest COVID-19 lockdown yet

A second consecutive day of losses comes while China faces a surging number of COVID-19 cases across the country.

by Ayana Archie

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March 15, 2022 4:00 AM

Despite uncertainty, Minnesota farmers are hopeful they'll have a good year

The invasion of Ukraine has grain prices on a roller coaster while fertilizer and fuel prices are rising. That's creating financial uncertainty for farmers, but many are sticking with their planting plans in what’s expected to be a profitable year, despite the economic uncertainty.

by Dan Gunderson

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March 14, 2022 11:27 PM

Uber and Lyft add fuel surcharges to rides as gas prices surge nationwide

As of Monday, the average cost of a gallon of regular fuel is now $4.325, according to AAA. Both ride-share companies say they're adding surcharges to deal with the spike in gas prices in the U.S.

by Jonathan Franklin

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March 14, 2022 3:11 PM

High gas prices present another hurdle in bringing workers back to the office

Gas prices have soared just as workers who have been remote for two years return to their commutes. Some are asking for companies to wait until prices come down to bring people back.

by Andrea Hsu

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March 14, 2022 4:00 AM

Fed's coming interest rate hikes may present another economic challenge for Democrats

In an attempt to curb high inflation, the Federal Reserve is expected this week to begin raising interest rates for the first time in three years.

by Domenico Montanaro

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March 14, 2022 4:00 AM

Surplus steals show, but borrowing plan still in Capitol mix

Minnesota’s sizable surplus is driving the discussion at the state Capitol, but a borrowing plan for construction projects will enter the conversation before long.

by Brian Bakst

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March 12, 2022 4:00 AM

An economic iron curtain is falling on Russia as companies like McDonald's cut ties

Global companies are exiting Russia after the country's invasion of Ukraine. For some observers, it marks the return of Russia to a time when it was closed off from the global economy.

by David Gura

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March 10, 2022 5:40 PM

MN House passes drought relief bill for farmers

The Minnesota House has passed legislation to provide financial relief to farmers who were hurt by last year’s drought.

by Tim Pugmire

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March 10, 2022 5:00 PM

Lawmakers poised to miss deadline to block business tax hikes

A plan to plug a hole in the state’s unemployment fund is stalled and now appears unlikely to pass by a fast-approaching deadline of Tuesday. That could mean higher taxes on virtually all employers if the Legislature doesn’t find a workaround.

by Brian Bakst