First Citizens to acquire troubled Silicon Valley Bank, FDIC says
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Gender pay gap in US hasn’t changed much in two decades, report finds
New analysis from Pew Research finds that despite women earning more now than they did over 30 years ago, the disparity in pay for them compared to men has been stagnant.
Federal Reserve raises key interest rate by quarter-point
The Fed also warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions" and “weigh on economic activity, hiring and inflation."
Egg prices so high, Dollar Tree pulls them from shelves completely
Eggs will make a return to Dollar Tree when prices fall.
Minnesota ranks No. 9 in allowing people to work from home: Study
Working from home is working — and more companies in Minnesota and beyond are allowing employees to work remotely, new research shows.
Silicon Valley Bank seized by regulators
Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.
Minnesota unemployment rate remains steady, 14k jobs added in February
Minnesota added 14,100 jobs in February, and the unemployment rate held steady at 2.9%.
Minnesota’s product exports reach record high $27 billion in 2022
For a second consecutive year, Minnesota's product exports increased - this time to a new record high.
Powell signals increased interest rate hikes if economy stays strong
Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.
New Minnesota dashboard, online sites hope to push down prescription drug prices
The state of Minnesota is hoping to play a part in controlling fast-rising prescription drug prices.
Costco maintaining low rotisserie chicken prices
Rotisserie chicken is just one example of key categories Costco members covet
Education industry at highest risk for layoffs over next 6 months: survey
A recent survey reveals that the education sector was the most susceptible to layoffs in 2023 if there's a recession.
'Real leader': Biden nominates Julie Su as next US labor secretary
Julie Su, a civil rights attorney and former head of California’s labor department, was central to negotiations between labor and freight rail companies late last year, working to avert an economically debilitating strike.
Minnesota's budget surplus stable at $17.5 billion
Minnesota's budget surplus was stable at a projected $17.5 billion, according to the latest numbers released on Monday.
Supreme Court student loan case: The arguments explained
The Supreme Court is about to hear arguments over President Joe Biden’s student debt relief plan, which impacts millions of borrowers who could see their loans wiped away or reduced.
Can the Fed keep raising interest rates without causing a recession? Research says no
Such an "immaculate disinflation" has never happened before, economists say.
Fed officials signal more rate hikes likely amid sticky inflation, minutes show
Federal Reserve policymakers see more interest rate hikes ahead.
White House says GOP plans would add $3 trillion to national debt
The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher.
Downtown Minneapolis seeing a rebound, leaders say
Minneapolis seems to be taking steps forward when it comes to the state of its downtown.
Aldi in north Minneapolis to close, leaving fewer grocery options for neighborhood residents
In just about any thriving community, a grocery store is an essential element.