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Business and Economic News

A dozen states sue the Trump administration to stop tariff policy

A dozen states sue the Trump administration to stop tariff policy

A dozen states have sued the Trump administration in the U.S. Court of International Trade to stop its tariff policy, challenging Trump’s claim that he could arbitrarily impose tariffs based on the International Emergency Economic Powers Act.
by The Associated Press

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Largest credit unions in Minnesota, Colorado announce plans to merge

Largest credit unions in Minnesota, Colorado announce plans to merge

Apple Valley-based Wings Credit Union is calling the deal with Colorado’s Ent Credit Union a “merger of equals.” If approved by members and regulators, the combined credit union will serve nearly a million members.
by MPR News Staff

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President Trump says he has ‘no intention’ to fire Federal Reserve’s Jerome Powell

President Trump says he has ‘no intention’ to fire Federal Reserve’s Jerome Powell

President Trump said Tuesday he had “no intention” of firing Federal Reserve Chair Jerome Powell, ending days of speculation about the independence of the central bank that had roiled the financial markets.
by Washington Desk / NPR staff

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As Tesla profits plunge 71 percent, Elon Musk says he’ll spend less time on DOGE

As Tesla profits plunge 71 percent, Elon Musk says he’ll spend less time on DOGE

Elon Musk says he’ll cut back his work with the federal government to one to two days per week. He said demand for Teslas is still strong, despite protests and plunging sales.
by Camila Domonoske

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3M estimates tariffs could have annual financial impact of $850 million

3M estimates tariffs could have annual financial impact of $850 million

Maplewood-based 3M saw its stock price jump sharply on Tuesday after better-than-expected earnings in the first quarter. But the company estimated that tariffs could add up to an annual financial impact of hundreds of millions of dollars.
by The Associated Press and MPR News Staff

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North Mankato’s industrial park soon to be site of Amazon delivery hub

North Mankato’s industrial park soon to be site of Amazon delivery hub

The project is expected to open in December. It’s anticipated to bring about 75 new jobs into the area. The delivery hub is dubbed a “last-mile” center, which means products shipped from Amazon’s larger facilities will be sent to the North Mankato center.
by Hannah Yang

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New data provides first look at tribally owned businesses

New data provides first look at tribally owned businesses

The data from the Minneapolis Federal Reserve’s Center for Indian Country Development hopes to enable further research about businesses owned by tribal governments, which has been historically understudied.
by Nina Moini and Aleesa Kuznetsov

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