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Money

Bemidji school board slashes $1.5 million from next year’s budget

Bemidji school board slashes $1.5 million from next year’s budget

The Bemidji School Board last week cut more than $1.5 million from next school year’s budget, and officials say those steep cuts will be felt in the classroom. Bemidji’s superintendent says state aid hasn’t kept up with inflation, forcing the district to make the cuts.
by Mathew Holding Eagle III

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Microsoft hikes Xbox prices worldwide as gaming industry faces tariff uncertainty

Microsoft hikes Xbox prices worldwide as gaming industry faces tariff uncertainty

As new tariffs continue to strain global supply chains, some gamers are already feeling price hikes. Microsoft raised recommended retailer pricing for its Xbox consoles and controllers around the world this week.
by The Associated Press

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Home sales just posted their biggest monthly fall since 2022

Home sales just posted their biggest monthly fall since 2022

More inventory hitting the market was expected to drive sales. Instead, existing home sales suggest a continued slump in the housing market, with mortgage rates hurting affordability.
by Laurel Wamsley

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Retail sales jump as people rush to buy cars ahead of tariffs

Retail sales jump as people rush to buy cars ahead of tariffs

The key driver of the economy saw the biggest increase in over two years in March, as car buyers tried to get ahead of President Donald Trump's tariffs on imported autos and auto parts.
by Alina Selyukh

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Trump administration says it will exclude some electronics from 'reciprocal' tariffs

Trump administration says it will exclude some electronics from 'reciprocal' tariffs

The Trump administration says it will exclude electronics like smartphones and laptops from ‘reciprocal’ tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S.
by The Associated Press

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Jaguar and Land Rover maker pauses shipments to U.S.

Jaguar and Land Rover maker pauses shipments to U.S.

The British maker of Jaguar and Land Rover cars is pausing shipments to the U.S. as it works to mitigate the impact of a 25 percent tax on vehicle imports imposed by the Trump administration.
by The Associated Press

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Farmers fear tariffs could cost them one of their biggest markets in China

Farmers fear tariffs could cost them one of their biggest markets in China

Heading into this year, most U.S. farmers were hoping to break even or maybe record a small profit. But now they are faced with losing the biggest export market for many of their crops after China retaliated against President Donald Trump’s tariffs.
by The Associated Press

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Markets plunge after China retaliates against Trump tariffs

Markets plunge after China retaliates against Trump tariffs

Wall Street’s worst crisis since COVID-19 slammed into a higher gear. The S&P 500 plummeted 6 percent Friday, the Dow Jones Industrial Average plunged 5.5 percent and the Nasdaq composite dropped 5.8 percent. The losses came after China matched President Donald Trump’s big raise in tariffs announced earlier this week.
by The Associated Press

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