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Business and Economic News

About 40 percent of post offices operate in the red. Could banking services bring in more money?

About 40 percent of post offices operate in the red. Could banking services bring in more money?

Many of the nation's post offices don't generate enough revenue to cover their expenses. A group of Democrats in Congress has proposed a possible solution: providing low-cost check cashing and fee-free ATMs at some post offices.
by Brian Naylor

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Biden wants to go tough on Wall Street. The response? The best rally since FDR

Biden wants to go tough on Wall Street. The response? The best rally since FDR

The S&P 500 surged 11 percent in President Joe Biden’s first 100 days in office — the best performance to start a presidential term since Franklin D. Roosevelt started his first term in 1933.
by David Gura

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Combating the ag industry's history of discriminatory practices

Combating the ag industry's history of discriminatory practices

A lawsuit filed by a group of white farmers from the Midwest asks a federal court to declare a program that erases USDA loans for farmers from “socially disadvantaged groups” discriminatory and unconstitutional. But there's a long history of discrimination against women and people of color in agriculture — and the effects continue to impact the industry today.
by Dan Gunderson

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Flush with cash, Americans are buying everything from iPhones To Teslas

Flush with cash, Americans are buying everything from iPhones To Teslas

Personal income jumped by a record 21 percent last month, largely thanks to those $1,400 relief payments. The extra cash helped fuel a jump in spending that should continue in the months to come.
by Scott Horsley

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Climate change risks mounting for businesses

Climate change risks mounting for businesses

From litigation to financial and material loss due to extreme weather — the corporate world is managing mounting risks due to climate change.
by Paul Huttner

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State utility regulators dismiss calls for Line 3 investigation

State utility regulators dismiss calls for Line 3 investigation

The Minnesota Public Utilities Commission has unanimously rejected a complaint and request for an investigation from an environmental group that argued Enbridge Energy’s pipeline replacement project is no longer needed because of recent capacity increases the company has made to its pipeline system. 
by Dan Kraker

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White farmers sue seeking government loan forgiveness

White farmers sue seeking government loan forgiveness

A group of Midwestern farmers sued the federal government Thursday alleging they can't participate in a COVID-19 loan forgiveness program because they're white.
by The Associated Press

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Chauvin trial eases concerns of courtroom camera skeptics

Chauvin trial eases concerns of courtroom camera skeptics

Judge Peter Cahill is allowing the trial of ex-cops J. Alexander Kueng, Thomas Lane and Tou Thao to be televised. There were no major problems with the live broadcast of Derek Chauvin’s trial, the first time that a Minnesota criminal trial had been televised. The experiment won over many who opposed having cameras in the courtroom.
by Matt Sepic

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