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Business and Economic News

Is the renewable energy hurt or helped by high tariffs?

A professor from the Humphrey School of Public Affairs will discuss President Trump's decision to put tariffs on solar panels.
by Mike Mulcahy and Jo Erickson

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Bank of America ends free checking option, a bastion for low-income customers

Bank of America ends free checking option, a bastion for low-income customers

The bank is finishing a yearslong phaseout of eBanking, its last option for avoiding fees without keeping a monthly minimum. The move has drawn concerns it will hit low-income customers the hardest.
by Colin Dwyer

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Iron Range board OKs $5 million for mountain bike trails

Iron Range board OKs $5 million for mountain bike trails

The investment by the Iron Range Resources and Rehabilitation Board will help fund three separate trail systems.
by Dan Kraker

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Church bankruptcy mediator steps down

Arthur Boylan's resignation letter did not provide an explanation for his decision and he did not respond to a request for comment.
by Martin Moylan

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St. Paul teachers authorize strike vote

The union has proposed increased support staffing and extending funding for a "restorative practices" discipline approach.
by Solvejg Wastvedt

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50 Cent forgot he took 700 bitcoins for a 2014 album. Now, they're worth $7.5 million

50 Cent forgot he took 700 bitcoins for a 2014 album. Now, they're worth $7.5 million

The rapper 50 Cent agreed to accept bitcoin from people buying his Animal Ambition album. The value of those sales has now skyrocketed: The rapper's holding is worth more than $7.5 million.

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Toys R Us to shutter 180 stores, including 4 in Twin Cities

Toys R Us to shutter 180 stores, including 4 in Twin Cities

Stores in Blaine, Minnetonka, Woodbury and Richfield are reportedly on the list. The store closings will begin in February and the majority of the targeted locations will go dark by mid-April.
by The Associated Press

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5 experts debate America's economic outlook

5 experts debate America's economic outlook

Five influential economists try to answer these questions: What factors are driving the economic boom, and could it last? What impact will deregulation, tax cuts and protectionist trade policies have? Is the stock market too high?
by MPR News Staff

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Kimberly-Clark unveils layoffs, along with $3.3B operating profit

Kimberly-Clark unveils layoffs, along with $3.3B operating profit

Kimberly-Clark plans to cut up to 5,500 jobs - about 13 percent of its workforce - and get rid of 10 manufacturing plants, as its CEO cites "a challenging environment."

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State's only remaining solar manufacturer primed to expand

State's only remaining solar manufacturer primed to expand

The Canadian company Heliene Inc. is expected to receive up to $3 million in state loans to expand its solar module facility on the Iron Range, just as the Trump administration has set steep tariffs on imported solar panels in a bid to boost American manufacturers.
by Dan Kraker

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