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Business and Economic News

U.S. Education Department says it is cutting nearly half of all staff

U.S. Education Department says it is cutting nearly half of all staff

According to the department, more than 1,300 positions will be cut as a result of this reduction in force. Roughly another 600 employees have accepted voluntary resignations or retired.
by Cory Turner and Jonaki Mehta

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Restaurants scramble for solution to record egg prices

Restaurants scramble for solution to record egg prices

Several Twin Cities restaurants have added temporary egg surcharges in response to sky high prices. Marty's Deli in northeast Minneapolis shared they are adding one dollar to all egg sandwiches.
by Nina Moini, Aleesa Kuznetsov and Ellie Roth

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House GOP passes spending bill, sending plan to avert government shutdown to Senate

House GOP passes spending bill, sending plan to avert government shutdown to Senate

The bill puts significant pressure on Democrats in the Senate, whose votes will be needed in order to avoid a shutdown. The federal government runs out of money at the end of the day on Friday.
by Deirdre Walsh and Claudia Grisales

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Trump halts doubling of tariffs on Canadian metals after Ontario suspends electricity price hikes

Trump halts doubling of tariffs on Canadian metals after Ontario suspends electricity price hikes

The White House trade adviser Peter Navarro said the U.S. president pulled back on his doubling of steel and aluminum tariffs, even as the federal government still plans to place a 25 percent tariff on all steel and aluminum imports starting Wednesday.
by The Associated Press

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Getting to Green: Can Minnesota get to carbon-free energy?

Getting to Green: Can Minnesota get to carbon-free energy?

To slow a warming climate, Minnesotans would need to heat homes, travel and power factories without burning fossil fuels. MPR News correspondents Dan Kraker and Kirsti Marohn talk about what the shift to green power could look like under President Donald Trump.
by Dan Kraker, Kirsti Marohn and Maja Beckstrom

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Hospitality industry wants fewer regulations from Minnesota Legislature this session

Hospitality industry wants fewer regulations from Minnesota Legislature this session

Hospitality Minnesota says the industry is struggling. A new report from Hospitality Minnesota ranks Minnesota last in the Midwest for hotel occupancy rate recovery since the pandemic.
by Alex Haddon

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Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy

Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy

The U.S. stock market’s sell-off cut deeper on Monday as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants.
by The Associated Press

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