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Business and Economic News

Free-falling: U.S. oil drops below $2 per barrel as demand disappears

Free-falling: U.S. oil drops below $2 per barrel as demand disappears

West Texas Intermediate hit the single digits for the first time in many decades, then kept plummeting, with oil selling for less than $2 a barrel. At the start of 2020, a barrel cost around $60.
by Camila Domonoske

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Pathway to reopening Minnesota should get clearer this week

Pathway to reopening Minnesota should get clearer this week

Gov. Tim Walz and his administration have been consulting with businesses about safety protocols to resume activity without heightening the coronavirus risk. There are still two weeks to go on the current stay-at-home order.
by Brian Bakst

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For meat plant workers, virus makes a hard job perilous

For meat plant workers, virus makes a hard job perilous

A cluster of coronavirus cases at a South Dakota pork plant has highlighted the susceptibility of meat processing workers, who stand shoulder-to-shoulder on the line and congregate in crowded spaces.
by The Associated Press

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Small businesses race to get financial help amid pandemic — but will it be enough to survive?

Small businesses race to get financial help amid pandemic — but will it be enough to survive?

Small businesses across Minnesota have been approved for $9 billion dollars in paycheck protection plan loans. Now, they’re trying to figure out how they can best use the money to try to survive the COVID-19 crisis.
by Martin Moylan

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North Dakota researchers look for ways drones can help in a pandemic

North Dakota researchers look for ways drones can help in a pandemic

Amid the coronavirus pandemic, researchers in Grand Forks are testing drones as a way to check people’s temperatures from a distance, quickly sanitize playgrounds, and deliver medical supplies.
by Dan Gunderson

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Evolving coronavirus aid package offers billions for hospitals, testing

Evolving coronavirus aid package offers billions for hospitals, testing

The Trump administration and Congress are nearing an agreement as early as Sunday on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
by The Associated Press

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How to help the people who (used to) help you

How to help the people who (used to) help you

Social distancing has people doing more of their own cooking and cleaning and getting family to cut their hair. That's left domestic workers, waiters, hair stylists and many others out of work.
by Jerome Socolovsky

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