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Business and Economic News

World Bank: Recession is the deepest in decades

World Bank: Recession is the deepest in decades

The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.
by Joanne Lu

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Market meltdown: Dow dives 1,800 points on worries of 2nd coronavirus wave

Market meltdown: Dow dives 1,800 points on worries of 2nd coronavirus wave

Stocks plunged Thursday amid reports of a second wave of coronavirus cases, as well as a warning from Fed officials that the economy may take longer than first thought to recover.
by Jim Zarroli

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Thousands of workers say their jobs are unsafe as economy reopens

Thousands of workers say their jobs are unsafe as economy reopens

In places ranging from chicken processing plants to hair salons, workers say employers aren't doing enough to protect them from getting sick. Advocates blame a lack of mandatory federal safety rules.
by Chris Arnold

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The Fed helped companies borrow money. Some laid off thousands anyway

The Fed helped companies borrow money. Some laid off thousands anyway

Companies can borrow money from the Federal Reserve under its new lending programs. It's been good for the stock market, but the central bank's effort to help the economy has had lopsided results.
by Jim Zarroli

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Walz calls special session on police accountability, bonding

Walz calls special session on police accountability, bonding

On the eve of the start of a special legislative session, Gov. Tim Walz and fellow Democrats in the state Legislature proposed a wide-ranging set of measures designed to overhaul policing in the wake of killing of George Floyd.
by MPR News Staff

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Mall of America reopens with limited number of shoppers

Mall of America reopens with limited number of shoppers

The nation’s largest shopping mall reopens Wednesday after being closed for three months because of the COVID-19 pandemic. Officials say the vast shopping and entertainment complex is ready to start a new era of socially distant shopping.
by Matt Sepic

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Long Prairie beef processor among latest swept by COVID-19, despite significant prevention

Long Prairie beef processor among latest swept by COVID-19, despite significant prevention

The sharp rise in cases demonstrates how difficult it is to prevent the spread of a highly contagious disease amid the crowded quarters of a meatpacking plant — and in the wider community.
by Kirsti Marohn

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