Business and Economic News

Best Buy quarterly sales jump, but outlook weighs on shares
Best Buy Co. saw the biggest quarterly sales growth at established stores in 15 years, helping push revenue and profit beyond Wall Street expectations.
Despite strong economy, many Americans struggling to get by
A survey finds about 40 percent of American families struggled to meet at least one of their basic needs last year, including paying for food, health care, housing or utilities.
Duluth as a cruise stop? With City Council vote, it's one step closer
With more people touring the Great Lakes, city officials are eager to tap into the opportunity. A ship with 200 passengers could mean $100,000 for Duluth businesses per visit.
What is gentrification? Is it happening in the Twin Cities? And what does it look like for people and businesses in Minneapolis and St. Paul?
U.S. and Mexico reach trade deal; Trump wants to drop NAFTA name
The Trump administration has forged a tentative pact with Mexico on the North American Free Trade Agreement. The next step is to get Canada re-engaged in the talks.
Student loan watchdog quits, blames Trump administration
The nation's student loan watchdog has resigned from the Consumer Financial Protection Bureau, arguing that its current leadership has undermined efforts to protect student borrowers.
New apple variety debuts at State Fair
The First Kiss apple was developed at the University of Minnesota. It's based off a Honeycrisp apple but ripens up to a month earlier, about Aug. 20 -- right around fair time.
Foxconn casting wide net in search for employees for Wisconsin plant
Foxconn Technology Group will cast a wide net to find the 13,000 workers it eventually expects to hire at its new Wisconsin manufacturing plant, partnering with universities and technical schools and even tapping into transitioning members of the military.
Fad or the future? Robot-made burgers wow crowds in San Francisco
As more culinary robots find their way into commercial food prep, one restaurant in San Francisco called Creator is hoping to strike a balance between high tech and the human touch.