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Business and Economic News

Conservative network Newsmax agrees to pay $67M in defamation case over 2020 election claims

Conservative network Newsmax agrees to pay $67M in defamation case over 2020 election claims

The conservative network Newsmax has agreed to pay $67 million to settle a lawsuit accusing it of defaming a voting equipment company by spreading lies about President Donald Trump’s 2020 election loss.
by The Associated Press

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Under the hood of rideshare services

Under the hood of rideshare services

Ever wonder how much money a driver for Uber or Lyft can make? Or what it’s like to pick up a stranger in your car? MPR News host Angela Davis talks about the rideshare industry and how its changing.
by Angela Davis and Maja Beckstrom

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Another gold rush could bring open pit mines to South Dakota’s Black Hills

Another gold rush could bring open pit mines to South Dakota’s Black Hills

 It has been 150 years since miners first flocked to South Dakota’s Black Hills in a gold rush that displaced Native Americans. Now that gold is selling for more than $3,000 an ounce, corporations are seeking approval to explore for and extract the mineral by digging vast pit mines that strip the land bare. 
by The Associated Press

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Air Canada suspends restart plans after flight attendants union defies return to work order

Air Canada suspends restart plans after flight attendants union defies return to work order

Air Canada has suspended plans to restart operations after the union representing 10,000 flight attendants decided to defy a return-to-work order. The Canada Industrial Relations Board ordered staff back by Sunday afternoon, but the union refused, calling the order unconstitutional.
by The Associated Press

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Electricity prices are climbing more than twice as fast as inflation

Electricity prices are climbing more than twice as fast as inflation

Electricity prices are rising more than twice as fast as overall inflation. That's especially costly during the dog days of summer when air conditioners are working hardest. In addition to hot weather, a variety of factors are causing power bills to climb, including the high cost of natural gas used to generate electricity and soaring demand from data centers.
by Scott Horsley

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July jobs report: Minnesota economy strong but slowing as shifting federal policy creates uncertainty

July jobs report: Minnesota economy strong but slowing as shifting federal policy creates uncertainty

Minnesota Employment and Economic Development Commissioner Matt Varilek spoke about a new jobs report for the state. “We have a very resilient economy in Minnesota, but we fear that we may be finally seeing some of the impacts of a variety of federal actions that really create headwinds for us,” he said.
by Phil Picardi and Heidi Raschke

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