Business and Economic News

Under the hood of rideshare services
Ever wonder how much money a driver for Uber or Lyft can make? Or what it’s like to pick up a stranger in your car? MPR News host Angela Davis talks about the rideshare industry and how its changing.
Another gold rush could bring open pit mines to South Dakota’s Black Hills
 It has been 150 years since miners first flocked to South Dakota’s Black Hills in a gold rush that displaced Native Americans. Now that gold is selling for more than $3,000 an ounce, corporations are seeking approval to explore for and extract the mineral by digging vast pit mines that strip the land bare. 
Air Canada suspends restart plans after flight attendants union defies return to work order
Air Canada has suspended plans to restart operations after the union representing 10,000 flight attendants decided to defy a return-to-work order. The Canada Industrial Relations Board ordered staff back by Sunday afternoon, but the union refused, calling the order unconstitutional.
Electricity prices are climbing more than twice as fast as inflation
Electricity prices are rising more than twice as fast as overall inflation. That's especially costly during the dog days of summer when air conditioners are working hardest. In addition to hot weather, a variety of factors are causing power bills to climb, including the high cost of natural gas used to generate electricity and soaring demand from data centers.
July jobs report: Minnesota economy strong but slowing as shifting federal policy creates uncertainty
Minnesota Employment and Economic Development Commissioner Matt Varilek spoke about a new jobs report for the state. “We have a very resilient economy in Minnesota, but we fear that we may be finally seeing some of the impacts of a variety of federal actions that really create headwinds for us,” he said.
Minnesota jobless rate reaches highest level in nearly four years
New figures from the Minnesota Department of Employment and Economic Development, released Thursday, show the seasonally adjusted rate ticked up to 3.5 percent in July. That’s up from 3.3 percent the month before.