Sen. Tina Smith presses IRS for procedure to return direct-deposit stimulus checks

After a Twin Cities area police chief reported his deceased mother received a federal stimulus check to her estate, Sen. Tina Smith pressured the IRS to make it easier to return the checks.

Twin Cities man hopes to give deceased mother's stimulus check to charity

A former Twin Cities metro area police chief is left puzzled after his late mother received nearly $1,000 from the government in federal stimulus check.

Minnesota projects $2.4B budget deficit as COVID-19 pandemic hammers state's economy

Gov. Tim Walz left the door open to state worker layoffs Tuesday after Minnesota budget officials said the coronavirus pandemic would cause a $2.4 billion budget deficit.

Stocks trim gains on Fed speak as oil soars

U.S. equity markets surged Tuesday as plans to reopen parts of the country gained momentum.

Executive order bans garnishment of CARES Act stimulus payments in Minnesota

Minnesota Attorney General Keith Ellison hailed Governor Walz's new executive order that protects federal CARES Act and other state, local, and tribal stimulus payments from garnishment by debt collectors.

Stocks erase losses as Nasdaq leads rebound

U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.

Stocks slump as coronavirus hits big tech, oil earnings

Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.

US jobless claims soar past 30 million as 3.8 million more workers seek aid

More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.

Interest rates steady during coronavirus pandemic: What it means for your wallet

Interest rates will remain at zero percent until the financial effects of the coronavirus pandemic begin to subside, which is good news for some consumers, the Federal Reserve announced Wednesday.

Stocks wrap best month since 1987 as coronavirus recovery continues

The S&P and the Dow Jones Industrial Average wrapped the best month since 1987 despite sliding on Thursday as total job losses related to the coronavirus shutdown topped 30 million.

US economy shrank at 4.8% rate last quarter as coronavirus struck

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.

Stock rally takes breather ahead of Starbucks, Google earnings

The Dow Jones Industrial Average rose as many as 378 points, or 1.57 percent, while the S&P 500 and the Nasdaq Composite gained as much as 1.48 percent and 1.15 percent, respectively.

Small business loan program plagued by outages, delays as second wave of aid begins

E-Tran, the Small Business Administration's electronic system used to help process applications for government-backed aid, has suffered glitches amid the first wave of applicants.

Minnesota starts making unemployment payments to self-employed, independent contractors

Minnesota is among the first states to start making unemployment payments to those who are self-employed, independent contractors and others eligible that normally wouldn't qualify for unemployment benefits.