Business and Economic News

April 29, 2020 2:10 PM

Lyft lays off nearly 1,000 employees as virus saps demand for rides

The ride-hailing company is also furloughing hundreds of workers and cutting pay as it tries to reduce costs during the coronavirus pandemic.

by Shannon Bond

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April 29, 2020 5:21 AM

Loopholes in small business relief program allowed thriving companies to cash in

The Paycheck Protection Program, designed to help small businesses struggling during the pandemic, was vulnerable to loopholes that allowed thriving companies to receive money.

by Cheryl W. Thompson and Graham Smith

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April 29, 2020 4:41 AM

'Tip of the iceberg': Economy shrinks at 4.8 percent pace, but worst to come

The economy contracted at a 4.8 percent rate in the first quarter of 2020 as the coronavirus began to take its toll. It was the first quarterly drop in six years and a precursor to a deep recession.

by Scott Horsley

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April 29, 2020 4:00 AM

Poll: Half of Americans financially affected by coronavirus

An NPR/PBS NewsHour/Marist poll finds 50 percent say they or someone in their household has lost hours or a job due to the pandemic. They also say their governors are doing a better job it than Trump.

by Domenico Montanaro

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April 29, 2020 1:57 AM

As governors urge businesses to reopen, workers may be pushed off unemployment

Employees who refuse to return to work out of concern for their safety will lose state and federal benefits. It's a predicament millions will soon face as lawmakers set to restart their economies.

by Vanessa Romo

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April 28, 2020 4:48 PM

Polk County sheriff says businesses can open up if they can do it safely

A sheriff in a Wisconsin county that borders Minnesota says he’ll allow nonessential businesses to reopen if they can operate safely. The decision runs counter to Wisconsin Gov. Tony Evers’ executive order.

by Mark Zdechlik

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April 28, 2020 2:38 PM

Trump to sign order keeping meat processing plants open

The order will use the Defense Production Act to classify meat processing as critical infrastructure to keep production plants open.

by The Associated Press

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April 28, 2020 1:44 PM

3M earnings up as pandemic provides mixed results

Some parts of the company’s business were down because of the COVID-19 outbreak. But sales of N95 masks and other personal protective equipment surged.

by Martin Moylan and John Enger

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April 28, 2020 5:30 AM

April 28 update on COVID-19 in MN: 301 deaths; 'not where we need to be' on testing

Minnesota health officials Tuesday acknowledged their “moonshot” project to quickly and massively ramp up COVID-19 tests may fall short of Gov. Tim Walz’s goal. Their comments came hours after the state reported 15 more deaths tied to the disease.

by MPR News Staff