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Business and Economic News

Counter Stories: COVID-19 is hitting communities of color hard

Counter Stories: COVID-19 is hitting communities of color hard

Whether it's the illness itself, the racism that comes with it, or the unsafe conditions for workers now deemed essential, the coronavirus is exacerbating racial injustices.
by Jo Erickson and Marianne Combs

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Local farmers, reliant on shuttered schools and restaurants, find new markets

Local farmers, reliant on shuttered schools and restaurants, find new markets

Thousands of Minnesota farms grow food that supply schools, restaurants and families with everything from meat to vegetables to flour. The coronavirus pandemic has turned many of those markets upside down.
by Dan Gunderson

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10 years of spectacular U.S. job growth nearly wiped out in 4 weeks

10 years of spectacular U.S. job growth nearly wiped out in 4 weeks

The number of people filing for unemployment climbed by another 5.2 million, as the toll of the nation's economic dive continues to mount. In the past four weeks, 22 million have filed claims.
by Jim Zarroli

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Smithfield Foods closes plants in Wisconsin, Missouri

Smithfield Foods closes plants in Wisconsin, Missouri

Smithfield Foods will temporarily close its plants in Cudahy, Wis., and Martin City, Mo., because of the coronavirus pandemic. Smithfield said a small number of employees at both plants have tested positive for COVID-19. The company’s Sioux Falls, S.D., plant is closed indefinitely after an outbreak there.
by The Associated Press

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What's it going to take to end the shutdown? 5 keys to containing coronavirus

What's it going to take to end the shutdown? 5 keys to containing coronavirus

Political leaders want to reopen the economy soon but public health experts say we first need to set up systems to prevent new flare-ups of the coronavirus. Here's what needs to get done.
by Allison Aubrey and Selena Simmons-Duffin

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Unemployment money not reaching millions of people who applied

Unemployment money not reaching millions of people who applied

Nearly 17 million Americans have filed for unemployment benefits in recent weeks, but a large portion have yet to receive any money. Freelancers and gig workers face some of the longest delays.
by Chris Arnold

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Experts on reopening the economy: ‘There’s so much uncertainty’

Experts on reopening the economy: ‘There’s so much uncertainty’

There are more questions than answers when it comes to the future of the economy post-pandemic. We turned to the president of the Federal Reserve Bank of Minneapolis for his views on federal stimulus funding and who is hardest hit right now.
by Kerri Miller, MPR News Staff and Breann Schossow

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Report: Adding Trump's name to checks will delay them. IRS says they're on schedule

Report: Adding Trump's name to checks will delay them. IRS says they're on schedule

The IRS said the economic relief payments "are going out on schedule, as planned, without delay." “The Washington Post” reported that Trump's name would be included on the checks, an unprecedented step.
by Danielle Kurtzleben

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Best Buy to furlough more than 50,000 workers due to COVID-19

Best Buy to furlough more than 50,000 workers due to COVID-19

Company CEO Corie Barry announced the job cuts Wednesday, saying nearly all part-time workers were being laid off, although eligible employees are keeping health insurance coverage at no cost for three months.
by Tim Nelson

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