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Business and Economic News

Dow drops 799 points, as topsy-turvy interest rates boost recession fears

Dow drops 799 points, as topsy-turvy interest rates boost recession fears

The bond market is worried the trade war, slowing global growth and a drop in oil prices are signs the economy is slowing and may be heading for a recession. Nervousness spilled over into stocks too.
by Jim Zarroli

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Voice of America vows independence, as Trump calls for 'worldwide network'

Voice of America vows independence, as Trump calls for 'worldwide network'

VOA covers the U.S., warts and all. But is that enough for the president? VOA's director tells NPR it's protected by law, and if it's told to change, she'll respond, "Thank you for your input."

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Fishermen sue Big Oil for its role in climate change

Fishermen sue Big Oil for its role in climate change

The food industry is already feeling the effects of climate change, which will likely force expensive adaptations in the future. At least one sector is looking to make energy companies pay.
by Alastair Bland

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Peterson: New farm bill preserves status quo, but will it help farmers enough?

Peterson: New farm bill preserves status quo, but will it help farmers enough?

The farm bill, which funds everything from food stamps to conservation programs, expired in September. House and Senate negotiators, including U.S. Rep. Collin Peterson, D-Minn., say they have a deal and will push for votes in the next few weeks.
by Dan Gunderson and Elizabeth Dunbar

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State legislators, Line 3 foes seek seat on body that approved pipeline

State legislators, Line 3 foes seek seat on body that approved pipeline

An open seat on the Minnesota Public Utilities Commission is drawing interest from several notable applicants, including current and former state legislators and two leading critics of Enbridge Energy's planned Line 3 crude oil pipeline replacement, a project approved by the PUC earlier this year.
by Associated Press and MPR News Staff

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Environmental groups sue state to block approval of PolyMet

Environmental groups sue state to block approval of PolyMet

Environmental groups have gone to court to challenge the state's decision to grant key permits for the proposed PolyMet copper-nickel mine in northeastern Minnesota.
by Dan Kraker

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Cost projections skyrocket for Fargo-Moorhead flood diversion project

Cost projections skyrocket for Fargo-Moorhead flood diversion project

Rising interest rates and design changes made to meet Minnesota permit requirements have jacked up the estimated costs of the massive project by 25 percent — nearly $600 million, officials said Monday.
by Dan Gunderson

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Economist: Skilled worker shortage hurts Midwestern economy

Economist: Skilled worker shortage hurts Midwestern economy

The economy continued to expand in nine Midwestern and Plains states last month but was hampered by shortages of skilled workers, according to monthly survey results released Monday.
by Associated Press

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3 key questions as Minneapolis readies homeless camp shelter

3 key questions as Minneapolis readies homeless camp shelter

Even as the city and its partners rush to open an emergency shelter for people living in tents along Franklin and Hiawatha avenues, questions vital to the effort's success remain unanswered.
by Max Nesterak

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U.S., China put brakes on trade dispute with cease-fire

U.S., China put brakes on trade dispute with cease-fire

"It's great the two sides took advantage of this opportunity to call a truce," said Andy Rothman, investment strategist at Matthews Asia. "The two sides appear to have had a major change of heart to move away from confrontation toward engagement."
by Associated Press

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