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Business and Economic News

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.
by The Associated Press

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In last-ditch effort, Democrats push to get Julie Su confirmed as labor secretary

In last-ditch effort, Democrats push to get Julie Su confirmed as labor secretary

Acting Secretary Julie Su has led the Labor Department for nearly two years, despite never getting a Senate confirmation vote. With time running out, her staunchest supporters haven't given up.
by Andrea Hsu

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Coffee prices are higher than ever. Here’s what it means for your cup

Coffee prices are higher than ever. Here’s what it means for your cup

Droughts in top coffee-growing countries have shrunk the supply of beans. Supermarket brands like Nescafé and Folgers have already raised prices — but the world keeps drinking more and more coffee.
by Alina Selyukh

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Amid safety concerns, federal government puts land into trust for Prairie Island Indian Community

Amid safety concerns, federal government puts land into trust for Prairie Island Indian Community

The Prairie Island Indian Community can start preparing to move its gaming operations — should that be necessary — after a ruling by the federal government last week put about 400 acres of land into trust. It was spurred by the tribe’s concerns that “catastrophic” flooding or an incident from the nearby nuclear power plant would render their casino inoperable.
by Melissa Olson

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'Love Is Blind' cast are employees, labor board says. Could a reality TV union be next?

'Love Is Blind' cast are employees, labor board says. Could a reality TV union be next?

The case could have big implications for what glues reality show fans to the tube. A pending ruling, whatever the outcome, would set a precedent that other unscripted TV cast members could follow.
by Emma Bowman

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Scams are surging. Could you be a victim?

Scams are surging. Could you be a victim?

Have you fallen for a scam? A lot of people have become victims. MPR News host Angela Davis talks with her guests about latest examples, how anyone could fall for them and how to protect yourself.
by Angela Davis and Maja Beckstrom

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