Business and Economic News

U.S. economy grew at strong 3.5 percent rate in Q3
The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.
Tech companies lead another steep sell-off in U.S. stocks
Another torrent of selling gripped Wall Street Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500 index to a sixth day.
U.S. Bank trimming staff as business changes
Minneapolis-based U.S. Bank is trimming several hundred positions nationwide as it rejiggers operations in response to changes in the business.
3M fell 4.4 percent to $192.55 after its earnings missed Wall Street's targets. The industrial manufacturer said it expects raw material prices to continue climbing, and for tariffs to have a roughly $100 million negative impact on the company's sourcing costs next year.
Brooklyn Park residents steamed up over Project Hotdish
A proposed warehouse development nearly half the size of the Mall of America has residents near the site riled up over traffic, noise and property values.
Delta wants to fly MSP to Shanghai in 2020
Delta Air Lines wants to add nonstop service from its Twin Cities hub to Shanghai, China, starting in 2020, operating the flights with the new Airbus A350-900 aircraft.
Fifteen years after a landmark study on the benefits of early childhood education, the Federal Reserve Bank of Minneapolis convenes experts to talk about innovation in education.
Can't find an affordable home? Try living in a pod
Co-living projects are popping up in cities where housing costs are too expensive for middle-income residents. It's dorm life for adults, with shared kitchens and bathrooms, and it doesn't come cheap.