Business and Economic News

TikTok sues Trump to block U.S. ban
The White House has targeted the Chinese-owned app with an executive order that would effectively ban it from operating in the U.S. Lawyers for TikTok say the president's action is unconstitutional.
Minn. Trump supporters say they trust him on the economy
As Republicans gather remotely for the first night of their national convention, we checked back with some Minnesotans who voted for Trump four years ago to see how they think he's done as president. 
Behind on rent? A new $100 million housing assistance program may help
Starting Monday, Minnesotans who are behind in their rent or mortgage can apply for housing assistance intended for those struggling financially because of COVID-19. But there will be challenges in getting the money into the hands of people who need it most, so officials want to enlist landlords to help get out the word.
Another Line 3 appeal: Four things to know
In the latest twist to the saga of the Line 3 oil replacement project, the Walz administration is challenging the proposed pipeline in court. Here are four things to know about this step in the yearslong process.
Minnesota unemployment rate falls to 7.7 percent
In June, the state’s unemployment rate was 8.6 percent. Though Minnesota's jobless rate has been falling since hitting a record high in May, it remains more than double what it was before the COVID-19 pandemic began. 
Coming soon to an iron mine near you: Electric vehicles?
Duluth-based Minnesota Power is pitching a pilot project to electrify some of the huge haul trucks used at northern Minnesota's iron ore mines.
U.S. jobless claims jump back above 1 million in face of virus
The number of laid-off workers seeking U.S. unemployment benefits rose to 1.1 million last week after two weeks of declines, evidence that employers are still cutting large numbers of jobs as the coronavirus bedevils the U.S. economy.
Target sales surge as Americans lean on big box stores
Target reported recorded-setting sales growth online and at established stores over the past three months, more evidence that big box retailers have become essential points of supply during the pandemic.