Babaamaajimowinan (Telling of news in different places)
Babaamaajimowinan (Telling of news in different places)
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America's housing market has undergone a significant transformation over the past four years, with the most notable change being that mortgages now cost significantly more than rent nationwide. With 40% of homeowners already living mortgage-free, the standard path from renting to owning has vanished for millions of Americans. “What the current market creates is an environment where young people or families who had planned to build wealth now face a lifetime of renting, and parents who hoped to pass down property watch that dream slip a...
Beth Benike has seen her baby product business wither in the months since President Donald Trump announced steep tariffs that strangled her transpacific supply chain. In April, Benike paused shipments from her supplier in China for two months until Trump lowered his 145 percent tariffs on Chinese goods to 30 percent, which still saddled her with extra import fees of more than $40,000. The supply interruption cost Busy Baby in Oronoco, Minnesota, its spot on Target store shelves and slashed its...
Hormel Foods has struggled to find its rhythm as intense inflation and strained consumers make its bacon, turkey and Planters nuts less profitable. Yet after several years of disappointing earnings, the company is now "approaching an inflection point," wrote JPMorgan analyst Thomas Palmer. Interim CEO Jeff Ettinger agreed. "We're very optimistic, frankly," he said Thursday. https://www.startribune.com/hormel-q4-earnings-2026-outlook-optimism-ghingo-ettinger-inflation-restruct...
FARGO, N.D. - American Crystal Sugar on Thursday, Dec. 4, announced that net sugarbeet payments per ton for 2025 will be far less than payments in recent years due to low sugar prices blamed on sugar dumping by companies that heavily subsidize their sugar crops. The Moorhead, Minnesota-based sugar cooperative, in conjunction with the Red River Valley Sugarbeet Growers Association, held its annual meeting on Thursday at the Holiday Inn in Fargo. And while Tom Astrup, president and CEO, said...
Summary US shoppers spent $44.2 billion online since Thanksgiving Amazon and other platforms extended discounts to everyday items One sign of stress: uptick in buy-now-pay-later debt NEW YORK, Dec 2 (Reuters) - The U.S. holiday shopping season kicked off to record online sales. But underlying signs of economic fragility signal a pullback in spending could be looming. Consumer confidence fell again in November. Still, Americans spent a record $44.2 billion online during the period retailers call...
Summary Farmers face low crop prices, lost soybean sales to China Aid expected by year-end, but amount unclear, say Senate farm leaders Farmers set to receive $40 billion from government in 2025, per USDA WASHINGTON, Dec 2 (Reuters) - Agriculture Secretary Brooke Rollins said on Tuesday that the Trump administration will announce a "bridge payment" for farmers next week that is designed to provide short-term relief while longer trade and aid packages are finalized. Farm groups and Republican...
Dell Technologies founder and CEO Michael Dell and his wife, Susan, said Tuesday that they plan to donate $6.25 billion to seed investment accounts for 25 million American children, building on a program launched in President Donald Trump's massive tax and immigration legislation signed into law this year. The savings accounts, also known as "Trump accounts," are tax-advantaged investment accounts for children intended to help them save for their futures. The U.S. Treasury will contribute...
WASHINGTON - Costco is joining other companies that aren't waiting to see whether the Supreme Court strikes down President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid. The specialized U.S. Court of International Trade in New York and the U.S. Court of Appeals for the Federal Circuit in Washington ruled earlier this year that Trump's biggest and boldest import taxes are illegal. The case is now before the Supreme Court. In a...
Summary Black Friday online sales hit $11.8 billion, up 9.1% from last year, Adobe Analytics says AI tools help consumers find deals, boosting online shopping Physical store traffic subdued due to inflation, trade policy concerns Cyber Monday projected to hit $14.2 billion in online sales, Adobe says Nov 29 (Reuters) - AI-powered shopping tools helped drive a surge in U.S. online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure...
Americans keep saying it: They want lower prices. Grocery prices have swelled 25 percent in the past five years. The average price of a new car just topped $50,000. Energy bills are soaring, as are health care premiums and child care costs. And housing has come up as much as 30 percent since 2020, for both renters and buyers. Inflation was a defining issue of the 2024 election and helped propel Donald Trump's return to the White House after he promised to bring down consumer prices the day he...
WASHINGTON, Nov 25 (Reuters) - The U.S. military has awarded Boeing (BA.N) two contracts valued at over $7 billion, the Pentagon said on Tuesday. A nearly $4.7 billion Army contract was awarded for new build Apache AH-64E attack helicopters, Longbow crew trainers, and related accessories, according to the Pentagon. It said an additional $2.4 billion Air Force contract was also granted for Lot 12 Production Aircraft, G081, subscriptions and licenses. https://www.reuters.com/bu...
A senior executive at the Campbell's Co. has been placed on leave after a lawsuit filed by a former employee alleges he disparaged the company's products and made offensive remarks about "poor people" and Indian co-workers. Martin Bally, a vice president and chief information security officer at the food giant, said during a meeting that Campbell's products were "highly process food" for "poor people," and that Indian employees were "idiots" whom he disliked working with, according to the...
President Donald Trump's rollback of diversity programs has now hit a longtime mainstay of projects that use U.S. Department of Transportation funds. The more than 1,300 Minnesota small businesses owned by women, people with disabilities or people of color who, until last month certified under the federal Disadvantaged Business Enterprise (DBE) program were told they would have to reapply. But they were given a catch: They had to explain in the questionnaire how they qualify as disadvantaged...
BEMIDJI - A proposal to open a private cannabis shop in Bemidji that was set to be considered by the city has been postponed to Dec. 18. Bemidji resident Julie Canty submitted a request for a short-term lease to open First City Cannabis at 920 Washington Ave. S to the Bemidji Planning Commission, and the proposal was going to be considered during a meeting set for Thursday; however, the meeting was postponed to Dec. 18, due to a lack of a quorum - not enough board members could attend. Before...
Target will spend an additional $1 billion next year to revamp merchandise and improve stores as sales and cautious consumers have made the start of holiday buying challenging. Company officials also announced a new partnership with OpenAI to expand online shopping options, as the retailer tries to catch up to competitors. Long known for clean stores and on-trend products, the Minneapolis-based retailer has been facing increasing pressure as shoppers and analysts point to messy aisles, thin...
Summary The men are accused of insider trading on M&A, corporate finance information Six of the defendants are considered fugitives Prosecutors allege they recruited investment bankers to supply them with information BOSTON, Nov 18 (Reuters) - U.S. prosecutors on Tuesday unveiled charges against eight men accused of belonging to a global network that made tens of millions of dollars trading on inside information about the finances and merger plans of numerous companies for years. Federal...
Cretin-Derham Hall's president, Jeb Myers, had alarming news for retirees and employees at a recent packed meeting on its St. Paul campus. Their pension plan, managed by suburban Chicago-based Christian Brothers Services, is in need of a costly fix. If Cretin-Derham Hall (CDH) remains in the plan, its annual pension contribution would almost quadruple to an untenable $1.5 million, Myers told those in attendance. The pensions of thousands of current and former workers at Catholic Minnesota...
UCare, a nonprofit that's been one of the largest providers of health care coverage for seniors, low-income Minnesotans and those who buy their own insurance, will shut down next year following strategic errors and a series of financial losses. The exact timeline is unclear, but the Minneapolis-based insurer announced Monday about 300,000 people receiving Medicaid and Affordable Care Act benefits through UCare will transition to Medica, a nonprofit health insurer based in Minnetonka. UCare...
WASHINGTON, Nov 15 (Reuters) - U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed. According to the forms released by the U.S. Office of Government Ethics, Trump carried out more than 175 financial purchases from August 28 through October 2. The disclosures, made under a 1978 transparency law called the...
President Donald Trump's bid Friday to soothe consumers by dropping tariffs on a wide array of groceries, including coffee, beef, bananas and tomatoes - contradicting his repeated claims that the levies were not affecting retail prices - shows he is on the defensive over his signature policy initiative. Public opposition, eroding support on Capitol Hill and a potentially lethal challenge before the Supreme Court have Trump scrambling to defend his economic strategy even as the administration...
Summary Framework trade deals to be finalized in coming weeks, US official says Deals remove tariffs on goods not grown, mined or produced in US Countries agreed to lower non-tariff barriers for US goods WASHINGTON, Nov 13 (Reuters) - The United States said on Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and El Salvador under framework agreements that will give U.S. firms greater access to those markets. The agreements are expected to help...
Summary Some Hispanic shoppers, fearful of US immigration raids, shift to online purchases Hispanic buying power projected to reach $2.8 trillion next year Small businesses suffer because they lack online presence NEW YORK/NEWARK Nov 12 (Reuters) - In Newark's heavily Latino Ironbound district, Rosa Ludena works the register of the electronics shop she's owned since 2003. A wall of phone cases appears on display behind her, but few shoppers are around to buy them. Traffic has slowed, and some...
Summary Amazon said to intimidate workers with disabilities Jobs at risk for required unpaid leave, lawsuit claims New Jersey attorney general filed similar case in October Amazon denies breaking law, committed to employee safety NEW YORK, Nov 12 (Reuters) - Amazon.com (AMZN.O) was sued on Wednesday in a proposed class action saying the retailer subjects thousands of warehouse employees with disabilities to a "punitive" policy governing workplace absences. Amazon, the largest private-sector...
The Department of Justice is investigating Minnetonka-based Cargill and other large meatpackers for alleged price-fixing as the cost of beef continues to soar, growing faster than the pace of inflation. Without citing evidence, White House officials said in a news release late last week Cargill - alongside competitors JBS, Tyson Foods and National Beef - are potentially colluding and manipulating prices. These companies control 85% of the U.S. beef-processing market, meaning any price-tampering...
Target said Tuesday that it will cut prices on 3,000 food, beverage and household essentials, joining retailers across the nation lowering prices on milk, eggs and butter ahead of the holiday season. Cub Foods has reduced prices by about 40% on more than 30 grocery items, including bread and rotisserie chicken. The moves come as millions of Americans await November federal Supplemental Nutrition Assistance Program (SNAP) benefits and others remain cautious about higher costs lingering since the...
