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Economy

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Prices may rise as tariffs take hold and inflation stays above 2%. The Producer Price Index showed a nearly 6% rise in food prices, the highest since 2023.

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Downtown investment in Rochester up, almost all of it from Mayo Clinic

Non-Mayo private investment in 2024 was just over $9 million, the lowest since the city started Destination Medical Center.
March 27, 2025

Canada’s Minnesota-based diplomat on tariffs, kissing cod and ’51st state' talk

We trade a lot and both smooch fish, but don’t expect Minnesota to become the “11th province.”
March 22, 2025

More than 600 Iron Range steelworkers out of work as auto industry cuts orders because of tariffs

Cleveland-Cliffs, the largest iron ore operator in Minnesota, is idling operations in Hibbing and Virginia.
March 20, 2025
Pellet load-out bins stand at the back of the Hibbing Taconite Co. pellet manufacturing plant, operated by Cliff's Natural Resources Inc., in Hibbing, Minnesota, U.S., on Thursday, Jan. 5, 2012. Taconite is a sedimentary rock containing low-grade iron ore, which is eventually processed into small pellets that contain approximately 65 percent iron. Photographer: Ariana Lindquist/Bloomberg

Despite volatility, Minnesota investment pros still think stock markets will grow this year

President Donald Trump’s quick pace of change causing “nauseous optimism.”
March 20, 2025

Minnesota’s job market is frozen, showing even employers have economic worries

It’s not just consumers uncertain about the U.S. economy after tariffs, federal layoffs, stubborn inflation and a falling stock market. Companies are also tightening their expenditures, which means less hiring.
March 14, 2025

Why the return of 5 days in the office is unlikely for many Minnesota workers

From federal workers and Amazon at the national level to 3M and U.S. Bank in the state, workplaces are dialing back remote policies.
March 14, 2025

After backlash, developer withdraws gravel mine proposal near Mankato

Some 2,500 petitioners rallied against a quarry near a Blue Earth County park.
March 13, 2025

Minnesota companies rush to assess damage of tariffs, map next steps

The state relies on more than $20 billion in foreign imports each year.
March 4, 2025

How Trump tariffs could affect Minnesota consumers and companies

After a one-month postponement, the tariffs against Canada and Mexico are scheduled to begin Tuesday.
March 3, 2025
Gas was $2.39 at the BP gas station ay 46th Street at Lyndale in South Minneapolis. ] GLEN STUBBE * gstubbe@startribune.com Friday September 4, 2015 Pre-Labor Day gas prices in the U.S. are the lowest in 11 years, and under $2 per gallon in many states, though Minnesota's average is nearly 40 cents higher. Just one station, in Brainerd, was selling at $1.99. Checking on whether that is a promotion. Costco and Sams Clubs, usually the low price leaders, were 15 cents more. With some motorists' tho

New Minneapolis Stripper Guild is building solidarity among downtown dancers

The workers of downtown Minneapolis' strip clubs are organizing and exploring health insurance options.
March 3, 2025
To most outsiders, Augie's in downtown Minneapolis is a notorious, tough-as-nails strip club. While all of that is true, the story behind its owner and his clientele is much more complicated. So compelling that TV producers are interested in filming a reality show about owner Brian Michael and the various characters that populate this action-packed club.] Bruce Bisping/Star Tribune bbisping@startribune.com Brian Michael/source.

After a decade, Minnesota beef farmers finally having a good year

The pandemic and drought drove huge sell-offs in the cattle market. This year, cattle prices are giving ranchers solid profits.
March 1, 2025

U.S. Treasuries remain safe bet for your money despite economic, political uncertainty

Trust in the creditworthiness of U.S. Treasuries has eroded somewhat.
March 1, 2025
U.S. Treasury Department building in Washington
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