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Business and Economic News

Latino small businesses stay resilient through a ‘pandemic year’

Latino small businesses stay resilient through a ‘pandemic year’

Small businesses have never had it easy and over the past year, things got a lot harder — especially for the Latino business community. Now, one year into pandemic-related restrictions, some resilient small businesses are starting to look to the future.
by Kathryn Styer Martinez

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How the White House got 2 pharma rivals to work together on a COVID-19 vaccine

How the White House got 2 pharma rivals to work together on a COVID-19 vaccine

A 15-minute call with Johnson & Johnson executives on a Sunday afternoon stretched into a 75-minute turning point. "We have to take bold action and overwhelm this," a senior official said.
by Tamara Keith

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Deal brewing on quick tax relief bill in Minnesota

Deal brewing on quick tax relief bill in Minnesota

A portion of Minnesota’s budget surplus could be used to shield businesses and those who were unemployed during the pandemic avoid a tax punch. Funding for summer school is also in the mix.
by Brian Bakst

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Iowa company wants to store carbon dioxide under North Dakota

An Iowa company is leading a $2 billion effort to capture carbon dioxide from Midwestern ethanol plants and pipe it to North Dakota where it would be buried deep underground.
by The Associated Press

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Target powers through pandemic; sales growth explodes in 2020

Target powers through pandemic; sales growth explodes in 2020

Target extended its strong streak through the holiday quarter and sales grew by more than $15 billion in a pandemic year, exceeding the company's annual sales growth over the past 11 years combined.
by The Associated Press

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It's not just Texas: The entire energy grid needs an upgrade for extreme weather

It's not just Texas: The entire energy grid needs an upgrade for extreme weather

The U.S. power grid was designed for technology and weather that existed in the 1950s, '60s and '70s, says energy consultant Alison Silverstein. Now, she says, it needs to be updated for a future that includes climate change.
by Jeff Brady

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Minnesota offering more energy assistance in wake of severe winter weather

Minnesota offering more energy assistance in wake of severe winter weather

The Minnesota Department of Commerce says qualifying households can now receive up to $1,200 in emergency energy assistance this year, up from the usual $600 maximum, in the wake of this month’s severe winter weather that drove up utility costs.
by David H. Montgomery

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The power is back on in Texas. Now comes the recovery, and it won't be cheap

The power is back on in Texas. Now comes the recovery, and it won't be cheap

Texas racked up tens of billions of dollars in electricity expenses as a free-wheeling market design sent prices skyrocketing in the wake of winter storms. The state could spend years paying down those costs — costs that many experts say were avoidable.
by Camila Domonoske

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