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Business and Economic News

Rate cuts and China developments bring good news to Minnesota’s farmers

Rate cuts and China developments bring good news to Minnesota’s farmers

President Donald Trump says China has agreed to purchase "tremendous amounts" of soybeans and other agricultural products from the United States, signaling the end of its trade-war fueled boycott. Plus, Federal Reserve interest rate cuts also bring good news to American farmers.
by Tadeo Ruiz Sandoval and The Associated Press

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Senate vote on nullifying tariffs on Canada demonstrates opposition to Trump's trade policy

Senate vote on nullifying tariffs on Canada demonstrates opposition to Trump's trade policy

The Senate passed legislation Wednesday that would nullify U.S. tariffs on Canada, just as President Donald Trump is engaged in trade talks in Asia as well as an increasingly bitter trade spat with U.S.'s northern neighbor that is one of its largest economic partners.
by The Associated Press

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Free food boxes help federal workers at MSP weather the shutdown

Free food boxes help federal workers at MSP weather the shutdown

Minnesota organizations are distributing weekly food boxes at MSP Airport to help federal workers facing missed paychecks amid the government shutdown.
by Regina Medina

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Tribal and Native urban communities prepare to lose SNAP benefits

Tribal and Native urban communities prepare to lose SNAP benefits

Tribal nations and urban Native American communities in Minnesota are preparing to help support fellow community members who may see their SNAP benefits held up as the federal government shutdown continues.
by Melissa Olson

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Krispy Kreme to reopen in Minnesota on Nov. 12

Krispy Kreme to reopen in Minnesota on Nov. 12

For the first time since 2008, Minnesotans can find fresh Krispy Kreme donuts in the state.
by Feven Gerezgiher

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Speaking in Minnesota, former EPA leader says clashes between farm groups and environmentalists are unnecessary

Speaking in Minnesota, former EPA leader says clashes between farm groups and environmentalists are unnecessary

Michael Regan was the EPA administrator under President Biden, who signed legislation encouraging private and public investment in clean energy.
by Clay Masters, Gretchen Brown and Ngoc Bui

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Economist: Target layoffs are 'reflection of how consumers feel about the economy'

Economist: Target layoffs are 'reflection of how consumers feel about the economy'

According to WARN notices provided to the state of Minnesota, the layoffs include at least 500 employees at its downtown headquarters and 287 employees at its Brooklyn Park offices.
by Clay Masters and Gretchen Brown

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UnitedHealth tops 3Q forecasts as it resets coverage prices to deal with rising costs

UnitedHealth tops 3Q forecasts as it resets coverage prices to deal with rising costs

UnitedHealth has returned to better-than-expected growth after starting the year swamped by medical costs and withdrawing its forecast for 2025. Leaders of the health care giant say care use is now climbing at rates they expected, and the company envisions annual growth next year that accelerates in 2027.
by The Associated Press

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Amazon lays off thousands of corporate workers as it spends big on AI

Amazon lays off thousands of corporate workers as it spends big on AI

Amazon has faced pressure from investors to tighten its finances as it spends big on the AI race. The company says it will cut 14,000 jobs, citing a goal of "reducing bureaucracy, removing layers."
by Alina Selyukh

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