Business and Economic News

It's been one month since Minnesota's first COVID-19 case
We’re only a few weeks into the COVID-19 outbreak, but already nearly everything about our daily lives has changed, from the way we work, shop and socialize to even the way our governor communicates with us.
Trump's economic rescue package could approach $1 trillion
In a massive federal effort, President Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored ordinary people — particularly socially active millennials — to do their part by staying home to stop the spread of the coronavirus.
Minnesota unemployment office receiving 2,000 applications an hour
An executive order temporarily closing or limiting some Minnesota businesses is expected to trigger the largest unemployment payout in state history. The commissioner handling that effort spoke with MPR News’ All Things Considered host Tom Crann.
Walz gets some legislative pushback on closure order
Some Republican lawmakers are questioning whether Gov. Tim Walz went too far in ordering bars, restaurants and other businesses to close in an effort to slow the spread of COVID-19.
U.S. stocks jump as White House plans $1 trillion stimulus
In a rebound from its record plunge, the Dow gained more than 1,000 points as the White House planned a massive stimulus package and the Fed set up a new loan program to boost the economy.
Poll: Nearly 1 in 5 households have lost work because of pandemic
Nearly 20% of U.S. households have experienced either a layoff or a reduction in work hours because of the coronavirus, according to a new NPR/PBS Newshour/Marist poll.
Mall of America closes due to COVID-19 concerns
The Mall of America will close temporarily beginning at 5 p.m. Tuesday until at least March 31.
White House seeks $850B economic stimulus amid virus crisis
The White House is proposing a roughly $850 billion emergency stimulus to address the economic cost of the new coronavirus. The request will be outlined to Senate Republicans Tuesday and will aim to provide relief for small businesses and the airline industry and include a massive tax cut for wage-earners.