Business and Economic News

Reappointments reinforce Fed independence — for now
The Fed reappointed Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, and other regional presidents, easing fears the Trump administration would reshape monetary policy.
Economic shifts affecting holiday shopping in Indian Country
How can Indigenous artists and small businesses can stay afloat and stand out among a declining economy and lower than normal holiday shopping trends?
Grain market expert weighs in on federal bailout for Minnesota farmers hurt by tariffs, inflation
Ed Usset, grain marketing specialist at the Center for Farm Financial Management and U of M Extension professor, joined Cathy Wurzer on Morning Edition Wednesday to share how tariffs have affected farm country.
A divided Federal Reserve cuts interest rates for a 3rd straight time
The Fed lowered its benchmark interest rate by a quarter percentage point, in an effort to shore up a weakening job market. With inflation remaining stubbornly high, it was not a slam dunk decision.
Duluth City Council votes to transfer former golf course land for future housing
Despite concerns voiced by some residents claiming a lack of transparency and a flawed public process, the Duluth City Council voted to transfer the closed Lester Park Golf Course property to the city’s economic development authority to explore a potential housing development.
Bessent divests from soybean farmland ahead of Trump aid announcement for farmers
Treasury Secretary Scott Bessent has proclaimed solidarity with U.S. farmers in recent months as they grappled with the loss of a major soybean buyer due to President Donald Trump's trade war with China.
Not so fast, Netflix. Paramount launches hostile bid for Warner Bros. Discovery
Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and Warner Brothers executives were celebrating a deal they had struck.