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Business and Economic News

Will economic uptick make Minnesota’s deficit vanish?

Will economic uptick make Minnesota’s deficit vanish?

Lawmakers will get a fresh economic forecast this week that determines the scope of their work ahead to craft a new state budget. Signs point to improvement over the last forecast, which predicted a deficit. 
by Brian Bakst

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After days of power outages, some Texas residents now face huge electricity bills

After days of power outages, some Texas residents now face huge electricity bills

Texas allows companies to sell electricity through variable-rate plans. When the price of electricity skyrocketed last week, that meant exorbitant bills for many residents who had been trying to save money.
by Rebecca Hersher

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Smith seeks probe of natural gas price spikes during storm

Smith seeks probe of natural gas price spikes during storm

Democratic Sen. Tina Smith of Minnesota is calling for federal investigations into possible price gouging of natural gas in the Midwest and other regions, following severe winter storms that caused widespread power outages in the southern U.S.
by The Associated Press

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Texas officials warn of price gouging as state faces food, water shortages

Texas officials warn of price gouging as state faces food, water shortages

Houston-area residents are reporting exorbitant prices of food, water and hotel rooms while the state continues to deal with shortages of essential items after a winter storm hit the state.
by Jaclyn Diaz

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Lawmakers face off with GameStop saga's key players

Lawmakers face off with GameStop saga's key players

Key players in the GameStop saga are testifying to a House committee Thursday. Lawmakers are examining whether the wild swings in the stock price of the video game retailer exposed conflicts in the market's structure that can hurt unsophisticated investors.

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Rush Limbaugh, 'voice of American conservatism,' has died

Rush Limbaugh, 'voice of American conservatism,' has died

Rush Limbaugh, the talk radio host who became the voice of American conservatism, has died. His death Wednesday at the age of 70 was announced on his website.
by The Associated Press

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Shoppers splurged in January as new stimulus checks arrived

Shoppers splurged in January as new stimulus checks arrived

Retail sales soared 5.3 percent last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.
by Alina Selyukh

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Southwest U.S. snowstorms cause Moorhead power outages

Southwest U.S. snowstorms cause Moorhead power outages

Parts of western Minnesota face the possibility of rolling blackouts this week because of a winter storm that hit Texas and other parts of the southwestern U.S.
by Dan Gunderson

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