Business and Economic News

U.S. allies rebuke Trump administration's trade actions at G7 meeting
In a joint statement from the six non-U.S. finance ministers, the group expressed "unanimous concern and disappointment" with the latest trade actions from the Trump administration.
Flooding and rising seas threaten America's oldest farmland
Some of the oldest farmland in America is on the Eastern Shore of Maryland. But as sea levels rise, saltwater is killing crops and threatening a way of life.
From distillers to farmers, trade war would cause casualties
If a trade war is coming, the cheesemakers of Wisconsin are standing in the line of fire. So are the farmers of Minnesota and the distillers of Kentucky. And the employees of iconic American brands like Harley-Davidson and Levi Strauss.
U.S. steel and aluminum tariffs are 'Illegal,' EU trade commissioner says
The European Union will take its case to the World Trade Organization. The U.S. tariffs are "pure protectionism," Europe's top trade commissioner said as the measures took effect on Friday.
Unemployment rate drops to 3.8 percent, lowest since 2000
The U.S. economy gained a stronger-than-expected 223,000 jobs last month and the unemployment rate edged down to an 18-year low, the Labor Department said. Meanwhile, wage growth picked up slightly.
Hennepin County approves more light rail funding
With cost estimates for the 14.5-mile line now past $2 billion, project backers say more county money is the only way to get federal to match.
Sears to close three Minnesota stores among 63 to be shuttered nationwide
The beleaguered retailer, which operates Kmart and Sears stores, announced Thursday it was closing 72 stores across the nation, but then amended that number to 63 in the list it posted.