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Business and Economic News

Census Bureau: Median incomes rose and poverty levels fell in 2016

Census Bureau: Median incomes rose and poverty levels fell in 2016

The number of people covered by health insurance also ticked up. The bureau says the income growth is driven by more people finding jobs rather than increases in salaries.

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Tesla remotely expanded car batteries near Irma's path, and questions linger

Tesla remotely expanded car batteries near Irma's path, and questions linger

It's not the first time Tesla has made over-the-air changes to its cars. The boost gave customers' cars an extra 30 to 40 miles -- but the batteries will lose their extra juice this weekend.

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Apple unveils $999 iPhone X, loses 'home' button

Apple unveils $999 iPhone X, loses 'home' button

Apple also unveiled a new iPhone 8 and a larger 8 Plus with upgrades to cameras, displays and speakers.
by Associated Press

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North Mpls. club shows boys how to 'man up'

North Mpls. club shows boys how to 'man up'

Minneapolis Mayor Betsy Hodges' 2018 budget proposal will include a request for $500,000 to continue funding youth anti-violence programs based in troubled areas of the city.
by Brandt Williams

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Minneapolis landlords unload apartments amid multiple lawsuits

Minneapolis landlords unload apartments amid multiple lawsuits

At one point, Stephen Frenz and Spiros Zorbalas owned more than 1,200 apartments in Minneapolis. Now they're trying to sell every single one.
by Max Nesterak

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Americans' borrowing hits another record. Time to worry?

Americans' borrowing hits another record. Time to worry?

Americans owe more than ever before, with household debt hitting nearly $13 trillion. Some economists say the lessons of the credit bubble that led to the financial crisis are being forgotten.
by Chris Arnold

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AG Swanson won't sue Mayo over Albert Lea hospital shutdowns

Mayo's decision to close intensive care, inpatient and labor and delivery services in Albert Lea and consolidate them in Austin have caused an uproar in Albert Lea.
by Catharine Richert

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State better off without Enbridge oil pipeline, Dayton agency says

State better off without Enbridge oil pipeline, Dayton agency says

The state Commerce Department dealt a setback Monday to a proposed controversial oil pipeline across northern Minnesota, ruling the environmental and socioeconomic risks of letting Enbridge replace its aging Line 3 pipeline outweigh the "limited benefits."
by MPR News Staff

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Best Buy closing two Twin Cities stores because of location

Consumer electronics giant Best Buy is closing stores in Blaine and Inver Grove Heights because the chain's outlets are too heavily concentrated in those areas.
by Martin Moylan

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Getting up to speed on the Equifax data breach scandal

Getting up to speed on the Equifax data breach scandal

Equifax has been scrambling to explain itself since disclosing last week that it exposed vital data about 143 million Americans. Here's the latest on what you need to know about the breach.
by The Associated Press

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