More from the Homepage
Staff Directory 158965945

Adam Belz

Business reporter | Economy
phone: 612-673-4405
Adam covers the economy for the Star Tribune and maintains a blog called 3D Economics. He wrote for the Cedar Rapids Gazette and The Des Moines Register in Iowa before moving to Minnesota in June 2012.
Recent content from Adam Belz
U.K. will open new trade offices in Minneapolis, two other cities

U.K. will open new trade offices in Minneapolis, two other cities

The United Kingdom is the ninth-biggest buyer of Minnesota exports.
6 takeaways from Minnesota's June jobs report

6 takeaways from Minnesota's June jobs report

Unemployment held at 3.8 percent for the fourth straight month.

For U.S. Bancorp and a Philadelphia businessman, a bankruptcy case that will not die

A businessman who U.S. Bancorp pushed into bankruptcy has fought back in courts and won several victories, but the Minneapolis bank company says it's not over.
Outstate Minnesota businesses slipping behind firms in Twin Cities

Outstate Minnesota businesses slipping behind firms in Twin Cities

Chamber finds they trail in creating new products, exporting and hiring.
U.S. Bank shifts on instant payments, will offer them for free

U.S. Bank shifts on instant payments, will offer them for free

The news highlights the fast-moving landscape of services via smartphone.
Minnesota construction unemployment nears rock bottom

Minnesota construction unemployment nears rock bottom

Construction unemployment in the state fell to 2.1 percent in May, its lowest level since 2001, and the third-lowest rate in the country, according to estimates released Tuesday by Associated Builders and Contractors, a national trade group.

Stonebridge Bank to be acquired by Western Bank

Combined, there will be 7 Twin Cities locations.

After Brexit, the future is as clear as London fog for Minnesota firms

Uncertainty descended Friday on Minnesota firms that do business in Europe, as they wrestled with the effects of Britain’s startling decision to exit the European…
Who has money in Minnesota and Midwest? 5 new lessons

Who has money in Minnesota and Midwest? 5 new lessons

Personal income is growing slower here than in the nation, but it's still relatively high.

Financial tech start-up Apruve raises $2.25 million in funding

Apruve Inc., a Minneapolis-based financial technology start-up, said Wednesday it has raised $2.25 million in venture capital.The firm sells a platform for business-to-business transactions that's…
Brexit's impact on Minnesota would be indirect, for most

Brexit's impact on Minnesota would be indirect, for most

U.K. exit from the E.U. would roil markets, but most firms in state wouldn't be directly affected.
They're just the latest to turn away a $240 million hog plant

They're just the latest to turn away a $240 million hog plant

Northern Iowa town becomes latest to put the brakes on industrialized agriculture.
Kashkari stands by call to end 'TBTF,' favors higher capital requirements

Kashkari stands by call to end 'TBTF,' favors higher capital requirements

The president of the Minneapolis Fed signaled how his thinking has evolved in the past few months.
Ag slowdown, interest rates crimp banks in Upper Midwest

Ag slowdown, interest rates crimp banks in Upper Midwest

The year will likely be "relatively weak" compared to 2015, according to Fed's forecasts.

Minnesota loses 1,900 jobs in May, unemployment rate holds at 3.8%

Several sectors saw drops, though unemployment rate stayed at 3.8 percent.
6 takeaways from the Minnesota jobs report

6 takeaways from the Minnesota jobs report

Minnesota lost 1,900 jobs in May. Here's some additional detail.
Reshuffling at U.S. Bancorp as CFO to step down

Reshuffling at U.S. Bancorp as CFO to step down

Kathy Rogers will exit the role, with Terry Dolan moving into the position.
When I Work attracts $15M in venture capital, may move to Minneapolis

When I Work attracts $15M in venture capital, may move to Minneapolis

When I Work Inc., the St. Paul software firm whose app is an increasingly popular tool for scheduling work at small businesses and temporary jobs,…

SEC asks court to halt sale of 'fraudulent' Brazilian securities in Minnesota

Securities regulators target a Miami firm and Minnesota broker in "emergency" case.
Sportradar US signs deal with Associated Press

Sportradar US signs deal with Associated Press

Sportradar US, the sports data company with its U.S. operations in Minneapolis, has signed a deal to provide global sports statistics to the Associated Press.…
Comcast strives to improve, but complaints about service persist

Comcast strives to improve, but complaints about service persist

The company has said it's trying to fix its reputation, but still ranks low.

Datadrop: For all you grads, these Minnesota jobs are expected to grow

OK, you've just graduated from high school and you're headed to college.Now what?What should you major in? What types of work will be available in…

Online banking, transactions down at TruStone Financial

A technical glitch hit the fast-growing credit union.
Which jobs will be big in Minnesota? Health care's a gold mine, for one

Which jobs will be big in Minnesota? Health care's a gold mine, for one

OK, you've just graduated from high school and you're headed to college. Now what? What should you major in? Here's a look at what types of work will be available in five years.
Comcast vows better service, more Wi-Fi sites in Twin Cities

Comcast vows better service, more Wi-Fi sites in Twin Cities

Comcast said Thursday that it is trying to improve its customer experience and will add new services, along with 400 workers, this year in the Twin Cities.
US Internet's high-speed fiber hits a snag with Minneapolis Park Board

US Internet's high-speed fiber hits a snag with Minneapolis Park Board

The board denies request to extend fiber optic network under parkland.

TCF launches new service aimed partly at the 'underbanked'

Industry is targeting the "underbanked" with an atypical savings account.
Minn. private sector posts 2nd best month of job creation ever in April

Minn. private sector posts 2nd best month of job creation ever in April

Minnesota added 15,600 jobs in April, while the unemployment rate held steady at 3.8 percent.
At Minneapolis Fed, economists see risks in big banks but reject breakup strategy

At Minneapolis Fed, economists see risks in big banks but reject breakup strategy

Bernanke is cool to breaking up big banks; Kashkari draws a "Star Wars" analogy.
Tax on bank debt proposed at Minneapolis Fed meeting

Tax on bank debt proposed at Minneapolis Fed meeting

Government taxes things it wants to discourage — not as much to generate revenue as to change behavior. Cigarettes are taxed. So are sugary drinks,…
U.S. Bank, other big banks get off the dime on smartphone payments

U.S. Bank, other big banks get off the dime on smartphone payments

U.S. Bank and Bank of America got together this spring on a system that lets people instantly pay money to a friend on a smartphone — with a crucial difference.
Ben Bernanke says don't break up big banks, calls for 'more nuanced approach'

Ben Bernanke says don't break up big banks, calls for 'more nuanced approach'

The former Fed chairman, who will be in Minneapolis on Monday, previewed his comments in a blog post.
Sen. Durbin blasts credit card group for botched rollout of more secure cards

Sen. Durbin blasts credit card group for botched rollout of more secure cards

The Illinois senator says card transition has been "plagued by problems."
Small businesses bullish on Minnesota, bearish on nation

Small businesses bullish on Minnesota, bearish on nation

Small-business owners feel good about their own businesses, but they are getting more anxious about the national economy, according to an annual survey from…
Fed's Kashkari to markets: Quit obsessing over interest rates

Fed's Kashkari to markets: Quit obsessing over interest rates

Minneapolis Fed chief urges investors to weigh other issues, notes limits of monetary policy.
COCO co-working firm to expand to Chicago

COCO co-working firm to expand to Chicago

The co-working firm is acquiring a collaborative space in a tech cluster in the city's West Loop.
As deal-making wave crests, three large Minnesota companies will have new owners

As deal-making wave crests, three large Minnesota companies will have new owners

Mergers hit record valuations last year, but this year is proving big with 3 major deals.
Obituary: Ruth Johnson showed gunnery sergeants what expert meant

Obituary: Ruth Johnson showed gunnery sergeants what expert meant

Her children described her as demure, but it turned out Ruth Johnson had an instinct for firearms. Before all those decades of faithful attendance at…
TCF Financial reports 20 percent jump in profit

TCF Financial reports 20 percent jump in profit

Loan growth helped interest income grow.
U.S. Bank's profit slips because of losses in loans to the energy industry

U.S. Bank's profit slips because of losses in loans to the energy industry

At the 'Goldilocks' of banks, CEO Davis isn't worried about too-big-to-fail scrutiny.
Kashkari lays out new reasons why nation's biggest banks pose risks to taxpayers

Kashkari lays out new reasons why nation's biggest banks pose risks to taxpayers

Minneapolis Fed chief takes on critics of his too-big-to-fail bank scrutiny
TCF forges ahead with auto lending despite analyst worries

TCF forges ahead with auto lending despite analyst worries

Bank is confident in its portfolio despite analysts' concerns about market.
Minnesota loses 2,900 jobs; unemployment rate holds at 3.7%

Minnesota loses 2,900 jobs; unemployment rate holds at 3.7%

Minnesota's growth rate over the past year below the national percentage.
Wells Fargo among bank giants told to try again on contingency plans

Wells Fargo among bank giants told to try again on contingency plans

Regulators rejected the 'living wills' of five of the nation's largest banks.
Large bank capital positions improving, FDIC says

Large bank capital positions improving, FDIC says

Vice Chairman Thomas Hoenig says that it's still not enough.
Minneapolis Fed stokes debate over bank capital, safety

Minneapolis Fed stokes debate over bank capital, safety

The Minneapolis Fed's yearlong look at ending "too-big-to-fail" is posing some big questions.
JPMorgan's Dimon: America needs big banks

JPMorgan's Dimon: America needs big banks

Jamie Dimon did not mention Neel Kashkari, but rebutted the Minneapolis Fed chief's ideas on breaking the "too big to fail" system.
Park Board, neighbors seek to beautify Cedar Lake beach

Park Board, neighbors seek to beautify Cedar Lake beach

The Minneapolis Park and Recreation Board has settled on plans for a major revamp of Cedar Lake’s South Beach. Now it just needs to find…
Critics lay into bank breakup proposal that surfaced at Minneapolis Fed

Critics lay into bank breakup proposal that surfaced at Minneapolis Fed

Mpls. conference draws replies, including from Tim Pawlenty, who says Dodd-Frank is working.
Mpls. Fed forum takes aim at "too big to fail"

Mpls. Fed forum takes aim at "too big to fail"

The regional Fed's initiative to beef up bank safeguards got off to a sometimes-contentious start.
After leaving Mpls. Fed, Kocherlakota finds new role: blunt Internet commentator

After leaving Mpls. Fed, Kocherlakota finds new role: blunt Internet commentator

Pop stars and politicians pepper the Internet with selfies and bombastic tweets to grab attention. But in the narrower realm of economics, there’s a new…
Minnesota's export growth wiped out by dollar's strength

Minnesota's export growth wiped out by dollar's strength

Overseas sales have plunged, dealing a blow to major companies' bottom lines.
White House economic adviser says Pacific trade deal must get done by year's end

White House economic adviser says Pacific trade deal must get done by year's end

White House adviser Furman says a ratification vote should occur while leaders are aligned.
Minnesota added 9,000 jobs in February; jobless rate steady at 3.7%

Minnesota added 9,000 jobs in February; jobless rate steady at 3.7%

Retail, construction, and health care drove the gains as the labor force grew by 18,700.
Low-paying jobs in Minnesota are paying a bit higher

Low-paying jobs in Minnesota are paying a bit higher

Fewer openings offer under $10 an hour, but 3 in 5 pay less than $15, state reports.
Minnesota tech hiring grows in 2015, more help wanted

Minnesota tech hiring grows in 2015, more help wanted

Minnesota's better-than-average technology industry posted another strong year of hiring in 2015, as demand for tech talent outpaces supply.Tech companies added 5,500 jobs in the…
Neel Kashkari prepared to fend off critics of his yearlong banking study

Neel Kashkari prepared to fend off critics of his yearlong banking study

In first Twin Cities appearance, new Minneapolis Fed president takes on critics of big bank review.
More talks held, but no deal reached on contract for janitors

More talks held, but no deal reached on contract for janitors

The two sides will meet again for talks on Friday and Saturday.
Unions wield limited weapon: the 24-hour strike

Unions wield limited weapon: the 24-hour strike

Facing constraints, labor more and more turn to one-day protests.
Janitors walk off from cleaning Twin Cities offices seeking higher pay

Janitors walk off from cleaning Twin Cities offices seeking higher pay

Hundreds of janitors staged demonstrations at the airport, other major employers in metro area in 24-hour strike.
Bank of America pushes into Twin Cities

Bank of America pushes into Twin Cities

Now with a branch in downtown Minneapolis, the industry giant steps up its presence in area dominated by Wells Fargo and U.S. Bank
New Mpls. Fed chief says 'Too Big to Fail' still a major problem in banking

New Mpls. Fed chief says 'Too Big to Fail' still a major problem in banking

New Minneapolis president says regulators must consider bold options.
4,000 metro office janitors announce strike for Wednesday

4,000 metro office janitors announce strike for Wednesday

The 24-hour walkout comes after months of negotiations, with wages a central issue.
Sunday conversation: Mynul Khan of Field Nation

Sunday conversation: Mynul Khan of Field Nation

Field Nation has made a fast-growing business out of connecting tech service companies with freelance technicians, but CEO Mynul Khan is thinking bigger.

Mining jobs evaporate in December, iron ore shipments slow on Great Lakes

The sector has lost one in seven jobs over last year.

Doherty sells its human resources management unit to Florida firm

Oasis Outsourcing will continue operations in the Twin Cities.
Minnesota employers add 7,200 jobs in November

Minnesota employers add 7,200 jobs in November

Construction leads the way, as Minnesota's unemployment rate falls
Federal Reserve Bank of Minneapolis picks union leader for board of directors

Federal Reserve Bank of Minneapolis picks union leader for board of directors

On Jan. 1, Harry Melander will join MayKao Y. Hang, the chairwoman of the board and CEO of the Wilder Foundation, and Ken Powell, the deputy chairman and CEO of General Mills.
Minnesota GDP grew by 4.5 percent in second quarter

Minnesota GDP grew by 4.5 percent in second quarter

Minnesota’s economy grew briskly in the second quarter, with gross domestic product rising 4.5 percent compared to a year earlier, according to seasonally adjusted data…
Minneapolis start-up wins federal grant to develop educational biology game

Minneapolis start-up wins federal grant to develop educational biology game

A small Minneapolis start-up that makes educational games has been awarded a federal grant to develop apps to help students learn difficult science and math…
Charlie Boone, legendary WCCO morning radio host, dies at 88

Charlie Boone, legendary WCCO morning radio host, dies at 88

"Boone and Erickson," Boone's 37-year collaboration with Roger Erickson, was one of the most popular shows on radio from the 1960s to the 1990s.
Labor shortage has companies working OT to find employees

Labor shortage has companies working OT to find employees

A tight labor market leaves short-staffed businesses scrambling to recruit, retain and even transport workers.

Minnesota sheds 1,700 jobs in October, unemployment rate drops

A second month of fewer jobs is another sign that labor growth is plateauing in Minnesota.
AFL-CIO President Richard Trumka slams Trans-Pacific trade deal

AFL-CIO President Richard Trumka slams Trans-Pacific trade deal

Richard Trumka says the Trans-Pacific Partnership needs to be stopped.
Bailout dangers were on the radar of the Minneapolis Fed long before Kashkari's arrival

Bailout dangers were on the radar of the Minneapolis Fed long before Kashkari's arrival

Neel Kashkari is taking the reins of the regional Federal Reserve bank that has been at the forefront of research into the cycle of financial crises and bailouts, a problem of expectations that is far from solved.
More from Star Tribune