Business and Economic News

Journalist, St. Paul native Chenue Her makes news, breaks ground in rise to anchorman
Chenue Her, 30, recently became the first Hmong male news anchor in the U.S. when he joined “Good Morning Iowa'' in Des Moines. He’s hoping now to inspire a new generation into journalism, a business that struggles to keep people of color.
Exacerbated by pandemic, child care crisis hampers economy
The pandemic has made clear what many experts had long warned: The absence of reliable and affordable child care limits the jobs people can accept, makes it harder to climb the corporate ladder and ultimately restricts the ability of the broader economy to grow.
Xcel seeks 20% electric rate increase over three years
Xcel Energy says it needs the increase to cover the costs of replacing an aging electrical system. The proposal comes at a time when many Minnesotans are experiencing rising utility costs.
Facebook froze as anti-vaccine comments swarmed users
Last spring, as false claims about vaccine safety threatened to undermine the world's response to COVID-19, researchers at Facebook found they could reduce vaccine misinformation by tweaking how vaccine posts show up on users' newsfeeds. Yet despite evidence that it worked, Facebook took a full month to implement the changes at a pivotal time in the global vaccine rollout.
Across the Middle East, journalists, activists and others have long accused Facebook of censoring their speech. In India and Myanmar, political groups use the social network to incite violence. All of it frequently slips through Facebook's efforts to police its social media platforms because of a shortage of moderators who speak local languages and understand cultural contexts.
People or profit? Facebook papers show deep conflict within
From complaints whistleblower Frances Haugen has filed along with redacted internal documents obtained by The Associated Press, the picture of the mighty Facebook that emerges is of a troubled, internally conflicted company, where data on the harms it causes is abundant but solutions are halting at best.
Does the IRS really want to spy on your bank account? The latest tax fight explained
The Biden administration hopes to help fund its agenda by cracking down on tax evasion, but its plan to require more bank information is drawing strong opposition from GOP lawmakers and banks.