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Business and Economic News

Fed's Powell says high inflation temporary, will 'abate'

Fed's Powell says high inflation temporary, will 'abate'

Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable level.
by The Associated Press

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Background checks blocked a record high 300,000 gun sales

Background checks blocked a record high 300,000 gun sales

The number of people stopped from buying guns through the U.S. background check system hit an all-time high of more than 300,000 last year amid a surge of firearm sales, according to new records obtained by the group Everytown for Gun Safety.
by The Associated Press

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DEED commissioner on state’s worker shortage, possible solutions

As the pandemic eases, millions of Americans remain unemployed. Meanwhile, companies big and small are reporting major trouble finding workers — including in Minnesota.
by Cathy Wurzer

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Minn. farmers: Cashing in on the carbon bank, fighting climate change?

Minn. farmers: Cashing in on the carbon bank, fighting climate change?

President Joe Biden wants U.S. farmers to be the first in the world with net-zero greenhouse gas emissions. The details around how they might achieve that goal are still unclear, but one idea getting a lot of attention involves paying farmers to store carbon in the soil — as a way to reduce the level of carbon dioxide in the atmosphere.
by Dan Gunderson

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Author Michelle Singletary on managing your money during times of crisis

Author Michelle Singletary on managing your money during times of crisis

Host Angela Davis talks to Michelle Singletary, award-winning author, Washington Post columnist and frequent commentator on CNN and other national news networks about her latest book, “What to Do With Your Money When Crisis Hits.” 
by Angela Davis

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UNC journalism school tried to give Nikole Hannah-Jones tenure. A top donor objected

UNC journalism school tried to give Nikole Hannah-Jones tenure. A top donor objected

The star New York Times reporter's bid for a tenured professorship has run aground on racial politics and an approach to journalism that runs counter to the donor whose name adorns the school.
by David Folkenflik

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New wood products plant projected to bring 150 jobs to NE Minn.

New wood products plant projected to bring 150 jobs to NE Minn.

In a major boost to the state’s wood products industry, North Carolina-based Huber Engineered Woods has announced plans to build a $440 million manufacturing facility in northeastern Minnesota. The plant is projected to bring more than 150 jobs to the region.
by Dan Kraker and The Associated Press

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The Supreme Court sides with NCAA athletes in a narrow ruling

The Supreme Court sides with NCAA athletes in a narrow ruling

The court ruled that NCAA rules are not reasonably necessary to distinguish between college and professional sports. Still, the ruling could be potentially transformative.
by Nina Totenberg

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Cargo is piling up everywhere and it's making inflation worse

Cargo is piling up everywhere and it's making inflation worse

A surge in imports is overwhelming transportation networks and testing supply chains, making life hard for small business owners.
by Scott Horsley

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Minnesota gets much-needed rain — but needs more to break drought

Minnesota gets much-needed rain — but needs more to break drought

Farmers and gardeners were among those rejoicing as a wide swath of Minnesota saw much-needed rain on Sunday. But meteorologists say the state will need to see more rounds of steady rain to climb out of its current rainfall deficit.
by Dan Kraker

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