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Business and Economic News

For Independence Day fireworks, U.S. depends on China

For Independence Day fireworks, U.S. depends on China

Nearly all the fireworks Americans will use to celebrate this Fourth of July are imported from China. But the domestic fireworks business is still booming.
by Scott Horsley

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Trump orders U.S. flags lowered to honor slain journalists

Trump orders U.S. flags lowered to honor slain journalists

Annapolis Mayor Gavin Buckley says President Trump denied his request for the proclamation meant to show respect for four journalists and a sales assistant killed at The Capital newspaper last week.
by The Associated Press

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Bye-bye starter homes: Builders not meeting biggest need in Twin Cities housing market

Bye-bye starter homes: Builders not meeting biggest need in Twin Cities housing market

For years, the costs of building a house have risen faster than people's incomes. That's true in Minnesota and across the country. Today, the gap between building costs and wages is so wide that Twin Cities developers say they can no longer build single family houses that average families can afford.
by Max Nesterak

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Elon Musk hails Tesla reaching goal of 5,000 Model 3s a week

Elon Musk hails Tesla reaching goal of 5,000 Model 3s a week

The electric vehicle maker missed its original goal of producing 5,000 of its lower-cost models by the end of 2017. Musk has said meeting that target is crucial to the company's success.
by Scott Neuman

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Nonprofit aims to revive vacant buildings in rural Minnesota

A Minnesota nonprofit is looking to breathe new life into Blue Earth's downtown by reviving three long-vacant buildings in hopes of attracting artists and businesses.
by Associated Press

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Protesters continue fight to stop Line 3 oil pipeline in Minnesota

Protesters continue fight to stop Line 3 oil pipeline in Minnesota

"I was so disappointed by the decision that the PUC made that certified the need for this pipeline because we don't need it," protester Tracy Kugler said. "We can generate power in so many other, better ways."
by Nina Moini

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