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Business and Economic News

Uber, Lyft drivers earning a median profit of $3.37 per hour, study says

Uber, Lyft drivers earning a median profit of $3.37 per hour, study says

Researchers at MIT said 30 percent of Uber and Lyft drivers are actually losing money after taking car expenses into account, while most drivers earn less than minimum wage.

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South Korea shortens 'inhumanely long' workweek

South Korea shortens 'inhumanely long' workweek

"It is impossible to lead a happy life when long hours and overexertion become routine," President Moon Jae-in said recently. The country has one of the world's lowest birth rates.

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Kroger, L.L. Bean raise age to purchase guns

Kroger, L.L. Bean raise age to purchase guns

Kroger and L.L. Bean said Thursday they will no longer sell guns to anyone under 21, becoming the third and fourth major retailers this week to put restrictions in place that are stronger than federal laws.
by The Associated Press

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World leaders push back against Trump's trade war threat

World leaders push back against Trump's trade war threat

President Trump has declared that the U.S. will impose punishing tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies.
by The Associated Press

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Georgia lawmakers punish Delta over NRA feud

Georgia lawmakers punish Delta over NRA feud

After the Atlanta-based carrier said it was ending an NRA discount, the state's GOP lawmakers made good on a threat to eliminate a proposed tax exemption on jet fuel worth millions to the airline.

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Three questions facing MN in wake of steel, aluminum tariffs

Three questions facing MN in wake of steel, aluminum tariffs

President Donald Trump said Thursday that he will impose tariffs on steel and aluminum imports. Here's what a few experts say about what that means for Minnesota.
by Tim Nelson

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Equifax says 2.4 million more people were impacted by huge 2017 breach

Equifax says 2.4 million more people were impacted by huge 2017 breach

This announcement brings the total number impacted by the massive hack to about 148 million people, and renews lawmakers' scrutiny of the company's response to the data theft.

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Report: Russian trolls roiled Standing Rock pipeline fight

Report: Russian trolls roiled Standing Rock pipeline fight

A U.S. House committee says Russians tried to sway Americans' opinions on oil pipelines as part of what's described as a massive social-media influence campaign.
by Cody Nelson

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Trump to impose tariffs on imports of steel and aluminum

Trump to impose tariffs on imports of steel and aluminum

Trump summoned steel and aluminum executives to the White House and told them that next week he would levy penalties of 25 percent on steel and 10 percent on aluminum imports. Those tariffs, he said, will remain for "a long period of time."
by Associated Press

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Walmart, Dick's expand corporate rift with gun lobby

Walmart, Dick's expand corporate rift with gun lobby

Walmart and Dick's Sporting Goods have taken steps to restrict gun sales. That follows moves by several other major corporations, including Delta and Starkey Hearing Technologies, that have cut ties with the NRAfollowing last month's school massacre in Florida.
by The Associated Press

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