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Business and Economic News

Native American leaders look for solutions to homeless encampment

More than 300 people are estimated to be living in tents near Hiawatha and Franklin avenues in Minneapolis. The Wall of Forgotten Natives, as some are calling it, is the largest homeless encampment in recent Minnesota history.
by Cathy Wurzer

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General Mills fiscal 1Q sales fall short

General Mills fiscal 1Q sales fall short

General Mills Inc. reported mixed first-quarter financial results as costs weighed down profit and a sales increase fell short of expectations.
by Associated Press

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Japanese billionaire books first moonshot aboard SpaceX's 'Big Falcon Rocket'

Japanese billionaire books first moonshot aboard SpaceX's 'Big Falcon Rocket'

Yusaku Maezawa would be the first person since 1972 to travel around the moon and the first-ever private citizen to do it. He was introduced at SpaceX headquarters near Los Angeles Monday night.
by Giles Snyder

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Twin Cities companies expand perks to attract, keep employees

Twin Cities companies expand perks to attract, keep employees

Economists are stumped at why wages haven't gone up in response. But many organizations are enhancing benefits to help attract and retain employees.
by Martin Moylan

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Trump sets tariffs on $200 billion in imports from China

Trump sets tariffs on $200 billion in imports from China

President Trump announced the U.S. will impose 10 percent tariffs on $200 billion worth of imports from China. It's the latest round of an escalating trade dispute between the two countries.
by Avie Schneider

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'Tip credit' or flat rate? Minimum wage debate continues in St. Paul

'Tip credit' or flat rate? Minimum wage debate continues in St. Paul

The St. Paul minimum wage battle played out in the form of dueling rallies Monday: one side favoring so-called tip credit that would allow employers to count tips toward hourly wages under a new minimum wage, the other pushing for a flat minimum wage of $15 an hour.
by Tim Nelson

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Why don't more Americans have flood insurance?

Most Americans don't have flood insurance. Who will cover rebuilding costs after Hurricane Florence?
by Kerri Miller and Jeffrey Bissoy

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Meredith Corp. to sell 'Time' magazine to Salesforce founder for $190 million

Meredith Corp. to sell 'Time' magazine to Salesforce founder for $190 million

Almost eight months after Meredith finalized its purchase of Time Inc., the publishing giant says it reached a deal to sell Time magazine to tech billionaire Marc Benioff and his wife Lynne Benioff.
by Emma Bowman

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