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Business and Economic News

Minneapolis Mayor Jacob Frey vetoes city council’s plan for labor standards board

Minneapolis Mayor Jacob Frey vetoes city council’s plan for labor standards board

Frey is asking the council to sustain his veto and create a new plan. He wants the board to have a 50/50 split between employees and employers, as well as an equal number of appointments made by city council and the mayor.
by MPR News Staff and Estelle Timar-Wilcox

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Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
by The Associated Press

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What makes a job worth doing?

What makes a job worth doing?

MPR News host Angela Davis talks with a business ethicist who says instead of asking, “What is the meaning of life?” we should ask, “What is the meaning of work?”
by Angela Davis and Cari Dwyer

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Target struggles in the third quarter and offers tempered outlook for the holidays

Target struggles in the third quarter and offers tempered outlook for the holidays

Target etched out a slim sales increase in the third quarter but profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
by Associated Press

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Traffic on Bluesky, an X competitor, is up 500% since the election. How will it handle the surge?

Traffic on Bluesky, an X competitor, is up 500% since the election. How will it handle the surge?

Unlike other social media sites, Bluesky allows users to create their own algorithm. The site does not have ads, nor harvest data for artificial intelligence training. But it is still very small, and it does not make money.
by Bobby Allyn

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First phase of massive Sherco Solar project now generating electricity

First phase of massive Sherco Solar project now generating electricity

The first phase of the $1.1 billion Sherco Solar project was connected to the electrical grid in late October. When the next two phases are completed over the next two years, the project will produce enough energy to power about 150,000 homes.
by Kirsti Marohn

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How UnitedHealth’s playbook for limiting mental health coverage puts countless Americans’ treatment at risk

How UnitedHealth’s playbook for limiting mental health coverage puts countless Americans’ treatment at risk

United used an algorithm system to identify patients who it determined were getting too much therapy and then limited coverage. It was deemed illegal in three states, but similar practices persist due to a patchwork of regulation.

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