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Business and Economic News

Trump’s two cents: President orders U.S. Treasury to ditch the penny to save money

Trump’s two cents: President orders U.S. Treasury to ditch the penny to save money

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. Trump wrote in a post Sunday night on his Truth Social site: “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!”
by The Associated Press

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Midwest manufacturers are feeling optimistic about 2025, despite a down year in 2024

Midwest manufacturers are feeling optimistic about 2025, despite a down year in 2024

A new survey from the Federal Reserve Bank of Minneapolis and the Minnesota Department of Employment and Economic Development shows that the regional manufacturing sector contracted in 2024. But survey respondents are optimistic about 2025.
by Annie Baxter

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Honeywell, one of the few remaining U.S. industrial conglomerates, will split into three companies

Honeywell, one of the few remaining U.S. industrial conglomerates, will split into three companies

Honeywell plans to separate its automation and aerospace technologies businesses following similar actions by companies such as General Electric and Alcoa. The company was headquartered in Minneapolis for decades until a 1999 merger.
by The Associated Press

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Why CBS stands at the epicenter of Trump's assault on the media

Why CBS stands at the epicenter of Trump's assault on the media

CBS News appears likely to settle a lawsuit brought by President Trump in a case that legal observers say it should win. The network is caught up in Trump's broader assault on the media and an owner intent on finalizing a sale.
by David Folkenflik

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Minnesota distillery alarmed by now-delayed Canadian tariffs, retaliatory measures

Minnesota distillery alarmed by now-delayed Canadian tariffs, retaliatory measures

The Princeton-based company exports about 5 percent of its products, including vodkas, brandies and liqueurs, to Canada. There, the company’s Butter Ripple Schnapps is used in a drink named after American actor Burt Reynolds. 
by Alex Haddon

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