Fed hikes interest rate by 0.75 percentage points in bid to curb inflation
The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
How would Minnesota fare if the country goes into a recession?
Fears are growing that a recession is coming, so FOX 9 wanted to find out the chances of that happening and how Minnesotans’ wallets would fare if it does.
Fears are growing that a recession is coming, so FOX 9 wanted to find out the chances of that happening and how Minnesotans’ wallets would fare if it does.
Used cars costing consumers $10,000 more than 'normal' as inflation rages
It's a bad time for consumers looking to buy a used car.
It's a bad time for consumers looking to buy a used car.
Nearly half of Americans will take on debt this year despite higher borrowing costs: survey
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Minnesota's 1.8% unemployment rate could be lowest in the country
"This is an economy that is really a worker-friendly economy in terms of opportunity… Boy is it a good time to be a job-seeker right now," said DEED commissioner Steve Grove
"This is an economy that is really a worker-friendly economy in terms of opportunity… Boy is it a good time to be a job-seeker right now," said DEED commissioner Steve Grove
USPS hosting hiring event amid worker shortage
Amid a national and local shortage of employees, the United States Postal Service (USPS) will hold a hiring event in St. Paul - looking for carriers and handlers of all kinds.
Amid a national and local shortage of employees, the United States Postal Service (USPS) will hold a hiring event in St. Paul - looking for carriers and handlers of all kinds.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
State Fair vendors face unique challenges of finding employees
In a tight job market, can State Fair vendors find enough workers to serve up all the food on a stick that fair goers have come to love?
In a tight job market, can State Fair vendors find enough workers to serve up all the food on a stick that fair goers have come to love?
Remote work declines as unemployment remains low, new data show
People who once worked from home are now heading back to the office, according to new data.
People who once worked from home are now heading back to the office, according to new data.
Costco raises prices on food court soft drinks, chicken bake
Wholesale retailer Costco reported June net sales of $22.78B.
Wholesale retailer Costco reported June net sales of $22.78B.
Why the crypto plunge is a cautionary tale for public pension funds
The plunge in prices for Bitcoin and other cryptocurrencies in recent weeks provides a cautionary tale for the handful of public pension funds that have dipped their toes in the crypto pool over the past few years.
The plunge in prices for Bitcoin and other cryptocurrencies in recent weeks provides a cautionary tale for the handful of public pension funds that have dipped their toes in the crypto pool over the past few years.
Inflation, expenses rise sharply as priorities for most Americans, poll finds
Most Americans expressed little confidence in Republicans and Democrats to focus on issues important to them or an ability to work together and get things done.
Most Americans expressed little confidence in Republicans and Democrats to focus on issues important to them or an ability to work together and get things done.
US employers add a solid 372,000 jobs in sign of resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
Minnesota motorists left waiting as supply chain problems delay repairs
Repair shops and motorists have been left waiting for weeks for parts to come in, with some items on long backlog lists.
Repair shops and motorists have been left waiting for weeks for parts to come in, with some items on long backlog lists.
'We've done something about it': Biden touts rule which aims to rescue pensions for millions
President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers.
President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers.
Electric vehicle battery myths v. facts: The debate over ‘green’
As demand for electric vehicles grows, innovation follows and companies are looking at more environmentally friendly options when it comes to the controversial manufacturing of EV batteries.
As demand for electric vehicles grows, innovation follows and companies are looking at more environmentally friendly options when it comes to the controversial manufacturing of EV batteries.
Minneapolis minimum wage increase starts today
Starting today the minimum wage in Minneapolis has increased for all workers within city limits.
Starting today the minimum wage in Minneapolis has increased for all workers within city limits.
Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
US importing baby formula from Mexico to ease shortage
Trucks contracted by the Department of Health and Human Services will drive about 1 million pounds of Gerber Good Start Gentle infant formula from a Nestlé plant to U.S. retailers, the White House said.
Trucks contracted by the Department of Health and Human Services will drive about 1 million pounds of Gerber Good Start Gentle infant formula from a Nestlé plant to U.S. retailers, the White House said.