Minnesota’s budget surplus decreasing $1.1 billion in latest forecast
Minnesota politicians will be faced with much less of a fiscal cushion in the years ahead.
Trump, Canadian Prime Minister Trudeau to meet in Florida to discuss tariffs
Canadian Prime Minister Justin Trudeau flew to Florida on Friday to meet with President-elect Donald Trump following his threats to impose sweeping tariffs on Canadian products.
What impact could Trump tariffs have on Minnesota?
President-elect Donald Trump’s threat on Monday to impose 25% tariffs on Canada and Mexico when he returns to the White House in January captured the attention of world leaders and prompted warnings from economists that his plans would raise prices for consumers.
Walmart warns of higher prices if Trump implements proposed tariffs
Potential tariffs could cost American consumers between $46B and $78B in annual spending power, the National Retail Federation says.
Target quarterly results fall as holiday discounts and dockworker strike hit profits
Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
Trump's Treasury secretary pick: Who are the contenders?
President-elect Trump is reviewing candidates for the Treasury secretary role, with the list of contenders getting broader after Elon Musk offered an endorsement and shook up the race.
Holiday shoppers begin sales season with Black Friday around the corner
With the holiday season quickly approaching after Black Friday, some people are shopping for deals now.
Meatpacking company illegally hired minors in MN, fined $2 million
A meatpacking company with operations in St. James has been fined $2 million after an inspection found it was illegally employing underage workers that were also dealing with hazardous materials and operating machinery.
Where was inflation the highest in October? Northeast and Midwest cities near the top
The Labor Department released a new report on inflation that examined price growth in various cities and metropolitan areas in the U.S. which reflected a higher rate of inflation in the Northeast and Midwest.
US inflation may have increased in October: Here's what's rising in price, and what's leveling off
A rise in prices could make the Federal Reserve less likely to cut its key interest rate in the coming months. But most economists believe inflation will continue its slowdown.
Minnesota's workplace injury, illnesses declined from 2022 to 2023
New survey data shows that Minnesota’s estimated workplace injury and illnesses incidents decreased from 2022 to 2023.
St. Paul wipes out nearly $40 million in medical debt for 32K residents
St. Paul Mayor Melvin Carter announced on Tuesday that thousands of city residents are getting nearly $40 million of medical debt wiped out.
How will Trump's campaign promise of mass deportation work in Minnesota?
President-elect Donald Trump’s campaign promise to execute the “largest mass deportation" in the country’s history began to take shape Sunday with the announcement of a border czar.
Federal Reserve cuts its key interest rate by a quarter-point on heels of election
The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.
MN ranked in top 10 states for jobs: survey
A new ranking from WalletHub puts Minnesota in the top ten states for finding a job.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Inflation has been worse for lower-income families, Fed analysis shows
An analysis by the Minneapolis Federal Reserve shows inflation has been higher for lower-income individuals.
Inflation reaches lowest point in 3 years; here's what prices came down most
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.