Business and Economic News

Xcel Energy expanding use of drones to inspect power lines
Xcel Energy has received federal approval to significantly expand the use of drones to inspect power lines in Minnesota, North Dakota and several other states.
Leaked Brexit document depicts government fears of gridlock, food shortages, unrest
A government source told the Sunday Times, which obtained the document, that "this is the most realistic assessment of what the public (will) face with no deal. These are likely, basic, reasonable scenarios — not the worst case."
Trump economic adviser plays down fears of looming recession
President Trump's top economic adviser is playing down fears of a looming recession after last week's sharp drop in the financial markets, and predicting the economy will perform well in the second half of 2019.
Morning show host Brian Oake departs The Current
A Minnesota Public Radio spokesperson did not give a reason for Oake’s departure, nor say whether he left voluntarily or was fired.
Inside Sahan Journal with Mukhtar Ibrahim
According to its founder, Mukhtar Ibrahim, Sahan Journal is the only nonprofit organization dedicated to providing authentic news reporting for and about immigrants and refugees in Minnesota.
As Minneapolis mayor proposes budget, protesters demonstrate against police
Protesters disrupted Minneapolis Mayor Jacob Frey’s budget proposal speech several times, with one protester saying they wanted money for victims of police brutality and other crimes.
Carter proposes levy increase, cuts to close St. Paul's budget gap
The brand new Frogtown Community Center gymnasium provided the backdrop for Mayor Melvin Carter’s 2020 budget address. The mayor said he has a plan to close the budget gap — largely caused by salary growth for city workers and public safety staff.
Neel Kashkari joined the program and discussed what’s going on in the economy regionally and nationally.
Minnesota's jobless rate inches up
State economic officials say the July unemployment rate edged up to 3.4 percent. However, the rate for labor participation remained steady, suggesting that businesses are still on the lookout for employees.
Stock markets take a breather after steep drop
Investors paused to catch their breath Thursday after the stock market suffered its worst drop of the year the day before. Consumer spending is still strong, despite signs of a looming recession.