Biden puts focus on workers during Philadelphia visit to AFL-CIO convention
President Joe Biden has told the largest federation of labor unions that he’s rebuilding the U.S. economy around workers.
President Biden addresses economy, inflation at AFL-CIO National Convention in Philadelphia
Keep an eye out for the Presidential Motorcade - President Biden is making his way to the “City of Brotherly Love” Tuesday morning.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
James Beard Awards: Owamni in Minneapolis wins Best New Restaurant
The annual James Beard Awards took place Monday, and similar to years past the Twin Cities was well represented - with one taking home Best New Restaurant even.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Average gas price in US jumped nearly 40 cents in recent weeks
The average price at the pump is nearly $2 higher than it was one year ago.
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
Inflation zooms 8.7% in Twin Cities, slightly more than US
Inflation in the Minneapolis-St. Paul metropolitan area surged by a record 8.7% in May over the year, slightly higher than the national average.
Biden blames pandemic, Putin as high US inflation persists
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
Out-of-gas calls on the rise, AAA says
In April alone, AAA received 50,787 calls from stranded drivers.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Seasonal employee shortage impacting Public Works departments across Twin Cities
Know someone looking for work? From mowing parks to dragging ball fields, seasonal Public Works employees create the backdrop for summer fun.
No, you're not imagining it — package sizes are shrinking, here's why
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
More Minnesotans bringing bikes in for repairs as gas prices soar
High gas prices have some Minnesota families thinking about alternative ways to get around. Bicycle shops told FOX 9 that more people are bringing in their bikes for repairs while they're also seeing an increase in sales on certain items.
Soaring gas prices pump the brakes on return-to-work efforts
Google employees, contractors protest return-to-work requirement wiping out paycheck with costly commute.
Having a baby with special medical needs means high formula costs
Much of the discussion surrounding baby formula in recent months has centered around the concerns about supply. But a mom from the Twin Cities also wants to shine a light on another issue: the high costs of specialized formulas.
Gas prices in Minnesota jump 35 cents in a week
Prices at the pump in Minnesota saw the largest hike in nearly a decade this week as gas prices continue to push above record highs.
Go-broke dates pushed back for Social Security, Medicare
Social Security retirees got a 5.9% boost in benefits this year, the biggest cost-of-living adjustment in 39 years.
May jobs report: US added 390,000 jobs last month as hiring remained robust
U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
US gas prices could top $5 a gallon by mid-June, analyst predicts
With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.