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Business and Economic News

Amid pandemic, Minneapolis dive bar Liquor Lyle’s is up for sale

It’s not news that the past year has been challenging for restaurants, bars and other businesses around the state. Many community institutions have closed their doors permanently. In Minneapolis, news of the latest casualty – Uptown dive bar Liquor Lyle’s – is hitting hard.
by Cathy Wurzer

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Stuck ship in Egypt's Suez Canal imperils shipping worldwide

Stuck ship in Egypt's Suez Canal imperils shipping worldwide

A skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said.
by The Associated Press

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3 things to know about immigrants' contributions to Minnesota's economy

3 things to know about immigrants' contributions to Minnesota's economy

A new report from the Minnesota Chamber of Commerce analyzed immigrants’ contributions to the state economy. From health care to agriculture, Minnesota industries wouldn’t be as robust without immigrants, the numbers show.
by Katie Moritz and Tom Crann

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Boom or bubble? Skeptics take aim at buzzy electric vehicle market

Boom or bubble? Skeptics take aim at buzzy electric vehicle market

A ton of new vehicle start-ups are trying to follow in Tesla's footsteps but a battle between one electric pickup maker and a short seller shows how the heavily hyped industry is also a risky one.
by Camila Domonoske

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Michael Sandel on contributing to the common good

Michael Sandel on contributing to the common good

Michael Sandel speaks at the Institute for Freedom and Community at St. Olaf College about his book, “The Tyranny of Merit: What’s Become of the Common Good?”
by MPR News Staff

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DeJoy announces 10-year reorganization of U.S. Postal Service

DeJoy announces 10-year reorganization of U.S. Postal Service

Postmaster General Louis DeJoy proposes slowing some first-class deliveries and increasing postage rates. Without the changes, he warns, the U.S. Postal Service will "run out of cash and require a government bailout."
by Brian Naylor

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Utility bills are hitting Minnesotans harder than ever

Utility bills are hitting Minnesotans harder than ever

Host Angela Davis is joined by two guests to talk about the impact of the pandemic and extreme weather on low-income households’ ability to pay utility bills, and what resources are available for Minnesotans who need help.
by Angela Davis and Katie Moritz

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Out of whack: Lack of homes for sale sends prices surging, frustrates buyers

Out of whack: Lack of homes for sale sends prices surging, frustrates buyers

Sales of existing homes fell 6.6 percent in February from the month before. Meanwhile, prices are up 16 percent over the past year, giving homeowners about $2 trillion more in equity and widening the wealth gap.
by Chris Arnold

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