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Business and Economic News

NYC to terminate Trump contracts after Capitol insurrection

NYC to terminate Trump contracts after Capitol insurrection

The Trump Organization is under city contract to operate the two ice rinks and a carousel in Central Park as well as a golf course in the Bronx. It is the latest example of how the Jan. 6 breach by violent Trump supporters is impacting the Republican president's business interests.
by The Associated Press

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Duluth's city-run Spirit Mountain ski area at financial crossroads

Duluth's city-run Spirit Mountain ski area at financial crossroads

Spirit Mountain is at a financial crossroads. Over the past few years, Duluth’s City Council has had to bail out the ski area twice in order to keep it afloat. Now a task force is coming up with recommendations for how to make the ski hill sustainable moving forward.
by Dan Kraker

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Target continues to thrive in whirlwind retail environment

Target continues to thrive in whirlwind retail environment

The Minneapolis company reported Wednesday that its online sales surged 102 percent for the November and December period. Sales at its stores opened for a least a year rose 4.2 percent. Customer traffic rose 4.3 percent and average amount of sales per customer rose 12.3 percent.
by The Associated Press

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Sheldon Adelson, conservative donor and casino titan, dies at 87

Sheldon Adelson, conservative donor and casino titan, dies at 87

Sheldon Adelson built a casino empire that stretched from Las Vegas to Singapore. His huge donations to conservative causes in the U.S. and Israel helped shape politics in both countries.
by Peter Overby

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What 1919 teaches us about pent-up demand

What 1919 teaches us about pent-up demand

A hundred years ago, a world war and a pandemic wreaked havoc on baseball and other industries. But pent-up demand helped them come roaring back.
by Greg Rosalsky

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Tech giants join corporate reckoning over political spending

Tech giants join corporate reckoning over political spending

Money-in-politics groups have welcomed this unusually widespread — and self-initiated — reckoning by corporations over their own role in contributing to the nation's current political state.
by Alina Selyukh

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Minnesota's businesses reopen, again

Minnesota's businesses reopen, again

On Monday, food, drink and entertainment venues were allowed to reopen with restrictions — again. How are business owners and employees feeling about the shifting of the rules? Plus, we look at the latest economic news with MPR News senior economic contributor Chris Farrell.
by Angela Davis, Karen Zamora and Arfie Ghedi

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Squelched by Twitter, Trump seeks new online megaphone

Squelched by Twitter, Trump seeks new online megaphone

President Donald Trump may launch his own online platform. But that won't happen overnight, and free speech experts anticipate growing pressure on all social media platforms to curb incendiary speech as Americans take stock of Wednesday’s violent takeover of the U.S. Capitol by a Trump-incited mob.
by The Associated Press

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