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Business and Economic News

Congo's coltan miners dig for world's tech — and struggle regardless of who is in charge

Congo's coltan miners dig for world's tech — and struggle regardless of who is in charge

Nestled in the green hills of Masisi territory in Congo, the artisanal Rubaya mining site hums with the sound of generators, as hundreds of men labor by hand to extract coltan, a key mineral crucial for producing modern electronics and defense technology.
by The Associated Press

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Farmers weigh Trump’s trade war like they watch the weather, waiting to see how things go

Farmers weigh Trump’s trade war like they watch the weather, waiting to see how things go

Farm country voted heavily for Donald Trump last November. Now many farmers are taking a wait-and-see attitude toward the Republican president’s disputes with China and other international markets. More than half of U.S. soybeans are exported internationally, with roughly half of those going to China, so it’s a critical market.
by The Associated Press

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Why UnitedHealth’s terrible year is dragging down the Dow

Why UnitedHealth’s terrible year is dragging down the Dow

The health care giant’s shares are down more than 50 percent in the last month. That’s hurting the powerful U.S. stock-market index.
by Maria Aspan

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Budget pact will be put to test as Minnesota lawmakers fill in details, bring plan up for votes

Budget pact will be put to test as Minnesota lawmakers fill in details, bring plan up for votes

An agreement that sets parameters for a new two-year budget will allow for final negotiations and votes in the Legislature. It probably will require a special session to complete.
by Peter Cox, Dana Ferguson and Clay Masters

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Coinbase said cyber crooks stole customer information and demanded $20 million ransom payment

Coinbase said cyber crooks stole customer information and demanded $20 million ransom payment

Coinbase, the largest cryptocurrency exchange based in the U.S., said Thursday that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the info.
by The Associated Press

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Medtronic lays off employees at Coon Rapids research lab

Medtronic lays off employees at Coon Rapids research lab

An employee who works at the lab confirmed the layoffs.  He said about 20 people were let go this morning, and he was laid off later in the day. 
by Erica Zurek

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ESPN’s new streaming app could replace cable for some but may end up costing them more

ESPN’s new streaming app could replace cable for some but may end up costing them more

ESPN says its long-anticipated subscription plan will cost $29.99 a month. An analyst says that, combined with subscriptions to other stream services, could drive the cost up to the price of cable packages.
by Lydia Calitri

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