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Business and Economic News

I-35W shutdown tops Twin Cities weekend road woes, again

I-35W shutdown tops Twin Cities weekend road woes, again

Remember what a drag it was last weekend when MnDOT closed that 15-mile stretch of I-35W? The replay starts Friday night. Here's your guide to the weekend's road construction hassles.
by MPR News Staff

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China announces $60B of U.S. goods for tariff retaliation

China announces $60B of U.S. goods for tariff retaliation

China's government has announced a $60 billion list of U.S. goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat.
by The Associated Press

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U.S. economy added 157,000 jobs in July; unemployment dips to 3.9 percent

U.S. economy added 157,000 jobs in July; unemployment dips to 3.9 percent

The economy continued to add jobs at a steady pace last month and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady too.
by Avie Schneider

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Despite strong economy, federal deficit soars

Despite strong economy, federal deficit soars

Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government's deficit is expected to top $1 trillion next year.
by Scott Horsley

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Apple becomes world's 1st private-sector company worth $1 trillion

Apple becomes world's 1st private-sector company worth $1 trillion

The tech giant and the world's most valuable publicly traded company became first to reach the milestone market value. Amazon is also approaching $1 trillion in value, but Apple got there first.
by Alina Selyukh and Ryan Kailath

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Trump administration threatens even higher tariffs on China

Trump administration threatens even higher tariffs on China

President Trump is ratcheting up the pressure on China over trade. The administration threatened to raise proposed tariffs on Chinese imports from 10 percent to 25 percent.
by Jim Zarroli

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Citing increased danger, union for Minn. corrections officers demands higher staffing levels

Citing increased danger, union for Minn. corrections officers demands higher staffing levels

The union representing corrections officers in Minnesota prisons demanded the state hire more staff to address what it calls unsafe conditions that led to the death of Officer Joseph Gomm last month.
by MPR News Staff

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Inflation, gas prices, tariffs squeeze consumers

Inflation, gas prices, tariffs squeeze consumers

The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs.
by The Associated Press

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