Business and Economic News

Minnesota's first COVID-19 case confirmed in cruise ship traveler
The virus was found in an older adult resident of Ramsey County who recently traveled on a ship with a known case of COVID-19, officials said Friday, adding that the person is recovering in isolation at home.
Coronavirus spreads recession fears around the world
U.S. businesses are shutting down plants and watching their sales plummet around the world. Many economists now say odds are increasing that the economy will slow, if not contract altogether.
Virus fears grip markets again; stocks and bond yields slide
Stocks and bond yields fell sharply Thursday as fears about fallout from the virus outbreak sent more shudders through markets. The Dow Jones Industrial Average sank 968 points, or 3.6 percent wiping out most of its surge of 1,173 points a day earlier.
Pence praises 3M for mask-production efforts as MN braces for COVID-19
The vice president, heading up the federal response to the spread of COVID-19, visited the HQ of the Minnesota-based manufacturer as state health officials prepare for the coronavirus to hit here.
VP Pence aims to 'lean into' fight against coronavirus
Vice President Mike Pence pledged Thursday that federal officials would “lean into” the fight against the new coronavirus as he visited with a leading maker of masks being used to stem the spread of the virus. He asked Americans to refrain from buying masks unless they're sick.
Minneapolis deal will close Kmart, open road and development
Under the deal, the city would pay Kmart’s corporate owner $9.1 million to end the store’s lease on or before June 30, paving the way for the development of a key commercial tract and the long-sought reopening of Nicollet Avenue.
Face masks: Not enough are made in America to deal with coronavirus
A global shortage of face masks is prompting concern for the safety of health care workers. Now, the U.S. government is trying to bring back an industry that largely left the country years ago.
What it’s like to support a family on $12.50 an hour
Many assume low-wage workers are teenagers, but data show that most are adults in their prime working years, and many support families on those wages. In recent years, economists say it’s also become increasingly challenging for low-wage workers to change careers or move up the ladder.