US housing market has 'big hole' to dig out of, economist says
New home construction is a 'multiyear problem,' according to Realtor.com chief economist Danielle Hale.
Rosemount oil refinery turns on largest solar installation of its kind
Flint Hills Resources recently completed a $75 million solar panel installation at its Pine Bend oil refinery, which is believed to be a first-of-its-kind project nationwide.
Where are mortgage rates headed amid easing inflation? Experts weigh in
Tuesday’s new report from the Labor Department showed that prices either fell or rose more slowly across a broad range of goods including housing.
US consumer inflation eased in October, driven by cheaper gas, cars and airfares
Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years.
Recent court ruling could shake up real estate industry
The real estate industry has operated in the same way for decades, but a recent court ruling could cause a big shakeup.
Report: You would need to earn six figures to afford a median-priced home in the US
The Associated Press reported that home sales continue to decline but prices continue to climb.
Xcel Energy, CenterPoint ask Minnesota regulators for 9% rate hike
On Wednesday, Xcel Energy and CenterPoint, the state's largest natural gas providers, asked regulators for a 9% rate hike to cover inflation and infrastructure demands.
Fed leaves rates unchanged, open to possible future hike
The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahea
Adult kids are moving in with parents to save for homes, survey reveals
The rate on the 30-year fixed mortgage now stands at 7.63%.
Biden administration awards $7 Billion to US clean energy hubs to ramp up hydrogen production
The White House calls hydrogen essential to achieving Biden's "vision of a strong, clean energy economy” and net-zero greenhouse gas emissions in the U.S. by 2050.
US inflation barely declined in September, price increases slow down slightly
Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace.
US still feeling effects of 'tip culture' following COVID-19 pandemic, professor says
A Clemson University professor says he attributes this to the pandemic and inflation.
Hormel Foods workers vote to ratify new contract
The United Food and Commercial Workers International Union announced late Wednesday they have ratified their new contract with Hormel Foods.
Will oil and gas be impacted due to war in Israel? Expert weighs in
Russia’s invasion of Ukraine caused oil and gas prices to surge last year.
Minnesota Senator visits striking workers as negotiations continue
A United Auto Workers (UAW) strike is now three weeks in, but for the first time it didn’t expand Friday because of progress in negotiations.
Child care programs across the country lose subsidies from federal government
After two years of receiving federal subsidies, 220,000 child care programs across the country lost funding.
Federal student loan repayments resuming: Here's everything you need to know
Interest on federal loans started accruing again earlier this month, and by now, borrowers should have received a notice the first payment is due Oct. 1. FOX 9 is hosting a Q&A with everything you need to know before payments begin.
Summer surge: Minneapolis hotels saw highest weekly demand for rooms since pandemic
It was a good summer for Minneapolis hotels, largely due to sporting and other large events, the State Fair and Taylor Swift's concerts in June. Now, business leaders are looking to keep the momentum.
Target hiring 100K workers, offer early discounts for the 2023 holiday season
Target is gearing up for the busy holiday season with early discounts and a hiring spree for seasonal workers.
Gas prices will inch higher next week before offering drivers relief, experts say
The 'biggest issue facing the consumer and the economy is the relentless rise in diesel prices,' an industry analyst warned