Gas prices decrease amid market uncertainty: AAA

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

McDonald's found liable for hot chicken nugget that burned child's leg

The jury heard two days of testimony and arguments about the 2019 episode that left the 4-year-old girl with a burned upper thigh.

Inflation ticks up again in April, puts interest rate hikes back on the table

The Consumer Price Index (CPI), a measure of inflation, rose 4.9% year-over-year in April, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics (BLS).

Mother Clucker’s opens in Minneapolis, owners bet on success opening several neighborhood businesses

The founders of several businesses in the Loring Park neighborhood of Minneapolis have opened another venture, offering more options in an area they’re heavily invested in seeing succeed.

Norfolk Southern to pay homeowners near Ohio train derailment

The company set up a fund for residents impacted by the derailment to cover the cost of any decline in their home values.

MTV News forced to close down after 36 years amid Paramount layoffs

The news division of MTV launched in 1987, filling a void for Gen X-ers and older millennials seeking a cable television alternative to traditional news networks.

Tempur Sealy to shell out $4B to buy Mattress Firm

Bedding provider Tempur Sealy has agreed to acquire Mattress Firm in a cash-and stock-transaction valued at about $4 billion, the companies said Tuesday.

Atomic Data CEO Jim Wolford dies

Jim Wolford, the CEO, co-founder, and co-owner of Minneapolis-based Atomic Data died Friday, the company announced. 

Delivery fees discussed at Capitol
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A bill being considered by lawmakers at the State Capitol would add a .75 fee to every delivery transaction made in or into the state.

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

Fed doubles down on the fight against inflation, raises rates another 25 basis points

The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.

Shell reports $9.6 billion profit as energy prices slip

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

St. Paul's Afro Deli owner named Small Business Person of the Year

A Minnesota man who immigrated to the U.S. and built a successful food business was named Monday as the National Small Business Person of the Year.

BP reports $5 billion quarterly profit on strong oil, gas trading

BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.

First Republic Bank seized by regulators, sold to JPMorgan Chase

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

First Republic Bank shares nosedive amid uncertainty about rescue deal

Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.

Gas prices dip, offering consumers some relief at the pump: AAA

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.