Business
After prospering in pandemic, Target now feels inflation's toll
Following disappointing results on Wednesday, the Minneapolis retailer endured the biggest single-day drop in its stock price since the 1987 market crash.
www.startribune.com
U.S. invokes Defense Act for baby formula shortage
The order requires suppliers of formula manufacturers to fulfill orders from those companies before other customers, in an effort to eliminate production bottlenecks.
Business
Target, other retailers say consumer spending is fine, but investors see a turning point at hand
Retail stocks plunged as investors looked beyond recent data that shows consumers are defying inflation.
Politics
Minnesota Supreme Court sends case over Walz's COVID shutdown orders back to lower court
Case was first filed in 2020 by central Minnesota business owner.
Business
'Fur baby boom' boosts General Mills' Blue Buffalo brand
The brand has seen big growth due to the "humanization" of pet food.
Business
St. Thomas taps entrepreneurship chief as next dean of Opus College of Business
Laura Dunham helped build the entrepreneurship school at St. Thomas into a nationally ranked program.
Business
Hines plans a 29-story tower to fill a gap in the Minneapolis skyline
The proposal comes amid soft demand for downtown office space, and would preserve an iconic mural made famous by Prince on the wall of the adjacent Schmitt Music building.
Local
Hennepin County job training program pays people on probation to learn construction skills
Hennepin County's program is only in the state that pays for job training.
Business
Minnesota utility regulators vote Thursday whether to regulate CO2 pipelines
Two of these multistate pipelines, which would carry carbon dioxide from ethanol plants, will have portions of their routes in Minnesota.
Agriculture
Only 35% of Minnesota's corn crop has been planted. That's about half the five-year average.
Minnesota agricultural commodities — from sugar beets to wheat to soybeans — all dramatically trail previous benchmarks for crop progress as of mid-May.
Business
Rochester startup Vyriad developing cancer-fighting viruses
The company, an outgrowth of Mayo Clinic, recently raised more money from investors as it seeks new ways to treat cancer.
Fall of Mariupol appears at hand; fighters leave steel plant
Hundreds of Ukrainian fighters, including wounded men carried out on stretchers, left the vast steel plant in Mariupol where they mounted a dogged last stand and turned themselves over to Russian hands, signaling the beginning of the end of a siege that became a symbol of Ukraine's resistance to Moscow's invasion.
In Buffalo, Biden mourns victims, says 'evil will not win'
President Joe Biden mourned with Buffalo's grieving families on Tuesday, then exhorted the nation to reject what he angrily labeled the poison of white supremacy. He said the nation must "reject the lie" of the racist "replacement theory" espoused by the shooter who killed 10 Black people in Buffalo.
Local
Mental health workers set one-day strike at Allina, Fairview hospitals
Safety is a priority for newly unionized workers, along with benefits to stop people from leaving the profession.
Agriculture
Minnesota's wheat growers stare down soggy fields as planting deadline ticks closer
Minnesota farmers might be receiving record-breaking prices at market this year for wheat, but many are anxious for warm weather to dry out sloppy fields from a wet spring.
Business
Housing prices hit record, but more sellers looking to list
Agents say higher mortgage rates are bringing Twin Cities sellers into market, as they fear their pricing power is about to erode.
Nation
Facing higher grocery prices, shoppers change habits
They're store-hopping, cutting back on expensive items and using more coupons.
World
NATO leaders to speed Finland, Sweden membership bids
As Russia faced setbacks Sunday, both Nordic nations said they would apply to join the alliance.
Business
Professional Minnesota car shoppers offer tips for buying at worst possible time
With prices high and inventory low, people who need to buy cars now are in a bad spot.
Browse Business Sections
Latest Columns
Elsewhere in Business
- Supreme Court will hear case claiming CBD product got trucker fired
- Tesla's stock leaps on reports of Chinese approval for the company's driving software
- Likely missile attack by Yemen's Houthi rebels damages a ship in the Red Sea
- Philips will pay $1.1 billion to resolve US lawsuits over breathing machines that expel debris
- Stock market today: Wall Street drifts ahead of a week full of earnings reports and a Fed meeting
- Wake up, sleeping beauties. It's almost Met Gala time
- FDA brings lab tests under federal oversight in bid to improve accuracy and safety
- Deepfake of principal's voice is the latest case of AI being used for harm
- Tractor-trailers with no one aboard? The future is near for self-driving trucks on US roads
- Japan's currency falls to its weakest since 1990 against the dollar as the yen keeps yelping
Most Read
- What commission changes mean for Minnesota homebuyers, sellers and agents
- After ATF ruling, bottom falls out for St. Cloud firearms maker
- General Mills could sell $2B-plus North American yogurt business, including Yoplait
- Friends split a mortgage, share a home to beat high housing costs
- Ramstad: Minnesota demographer takes deeper look at migration, workforce pressure
Business
Complete coverage of business news in the Twin Cities, Minnesota and elsewhere, including Fortune 500 Minnesota companies: UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp, General Mills, C.H. Robinson, Land O’Lakes, Ecolab, Ameriprise Financial, Xcel Energy, Hormel Foods, Thrivent Financial, Polaris, Securian Financial Group, Fastenal and Patterson Cos.
