Deutsche Bank predicts US recession in 2023 due to Fed rate hikes

Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.

Biden ‘has not ruled out’ canceling student loan debts, White House says

Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31

The best and worst times to buy a car amid EV trends and supply-chain woes

If you’re planning to buy a car — new, used, electric, or hybrid — here are some things to consider before making your purchase, according to a car-buying expert.

Minnesota unemployment rate drops to lowest since 1999

Minnesota's unemployment rate fell to 2.7 percent in February, the lowest in 23 years, fueling wage gains and contributing to concerns about persistent inflation. 

Yelloh! Schwan’s Home Delivery announces name change

Your favorite frozen pizzas and desserts will soon be delivered to your door by a truck with a different name on it.

What is shrinkflation? How companies hide inflation without increasing prices

If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.

Federal Reserve hikes interest rate to fight inflation, more to come

The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.

Canned pet food shortage continues amid supply chain woes

The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.

High school economics class gifted $10,000 for real-world lesson in investments

High school students in Sleepy Eye are getting a real-world lesson on investing with real cash - an anonymous donor gave Nick Kaminsky’s economics class $10,000 with the goal of teaching students about the stock market in an impactful way.

US inflation soared 7.9% in past year, a fresh 40-year high

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

New Ties Lounge and Rooftop owners: ‘We’re still fighting for downtown’

After COVID-19 and civil unrest kept many people away from downtown Minneapolis, a group of young entrepreneurs is hoping to bring new life to Nicollet Avenue with a bar, lounge, restaurant and rooftop concept.

Biden to sign order mandating study of cryptocurrency as its use explodes

The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.

High gas prices pinching profits at restaurants

The recent spike in gas prices isn't just causing pain at the pump, they're putting a pinch on profits at local businesses as well.

Minnesota food banks see demand increases

As consumer prices soar, food banks across the nation and in Minnesota are seeing demand for their services also grow.

Minsk Market owner horrified by Belarus helping Russia in Ukraine

As conflict continues overseas, Minnesotans are coming together to show their support for the people of Ukraine from more than 5,000 miles away.

White House extends visas for Ukrainians working in Minnesota and U.S.

The Biden Administration on Thursday granted Temporary Extended Status to thousands of non-immigration visa holders working in the U.S., which will affect Ukrainians living and working in Minnesota.