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Business and Economic News

Former Fed Chair Paul Volcker dies at 92

Former Fed Chair Paul Volcker dies at 92

Volcker took the top job at the Federal Reserve in 1979, at a time when inflation was spiraling out of control. He is credited with taming it.
by Yuki Noguchi

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How hard are tariffs hitting the economy? It depends on who you ask

How hard are tariffs hitting the economy? It depends on who you ask

The U.S. economy is still growing, but trade tensions have taken a toll — especially on factories and farms. The trade war's impact on the overall economy is being debated.
by Scott Horsley

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Weather takes big bite out of sugar beet profits

Weather takes big bite out of sugar beet profits

The largest beet sugar producer in the U.S. expects payments for the weather-damaged 2019 crop to fall more than $300 million under last year.
by Dan Gunderson

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U student taps Nigerian roots to design a sneaker for Nike

U student taps Nigerian roots to design a sneaker for Nike

University of Minnesota student Taoheed Bayo won a Nike design challenge this fall and set about creating a shoe inspired by his African heritage. His creation, the Afro-Yute Air Max 1, is doing more than selling. It’s teaching.
by Jeffrey Bissoy

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Despite job boom, more men are giving up on work

Despite job boom, more men are giving up on work

The long economic recovery has brought unemployment to historic lows. But the number of men in the labor force during their prime working age has dropped significantly over the past 50 years.
by Jim Zarroli

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Walmart to stop selling Water Gremlin products

Walmart to stop selling Water Gremlin products

The fishing-sinker manufacturer based in White Bear Township is working to reduce lead dust leaving the plant under a court-approved plan. Children living with employees were found to have elevated blood lead levels.
by MPR News Staff

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