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Anthony Soufflé/Star Tribune/TNS

Aaron Brown: Positive trends defy trope of decline in greater Minnesota

Business / Business News /

MINNEAPOLIS — New research shows rural counties across Minnesota growing for a change. The timing gives greater Minnesota a one-time opportunity to capitalize on overlooked resources — many of them human — to prepare for a rapidly changing future.

This month, the Center for Rural Policy and Development released its annual report, “The ...Read more

Ellen M. Banner/The Seattle Times/TNS

Developers want rollback of Seattle affordability program as construction stalls

Business / Business News /

SEATTLE — A push to temporarily roll back Seattle’s defining housing policy of the late 2010s is gaining traction in City Hall as both developers and lawmakers look to plummeting permit applications with growing fear and search for ways to inject new supply into the city’s housing stock.

The Mandatory Housing Affordability program was the...Read more

Leila Navidi/Minnesota Star Tribune/TNS

Many Twin Cities offices are sitting empty. Rents are rising anyway

Business / Business News /

MINNEAPOLIS — The Twin Cities office market is a paradox: There’s a glut of empty space but rents keep rising.

“It’s opposite of what you’d think,” said Tom DeSautel, a commercial broker with Cushman & Wakefield. “No one is in the office. … How could my rent possibly be going up?”

New data shows that during February, the ...Read more

Data center developers look to rural Missouri for acreage, power and a little help

Business / Business News /

ST. LOUIS -- Data center developers are finding opportunity just beyond St. Louis’ suburbs, where an abundance of land and availability of power are driving demand.

One is eyeing 337 acres in Warrenton. Another, 613 acres in Gray Summit. Amazon is looking at 900 acres in Montgomery City.

Developers have floated about a dozen proposals for ...Read more

FREDERIC J. BROWN/AFP/Getty Images North America/TNS

Gas prices rise again as some states consider tax holidays

Business / Business News /

Gas prices are climbing again across the United States — with little clarity on where prices are headed next — spurring proposals for state gas tax holidays in the hopes of offering drivers some relief.

The national average hit $3.96 per gallon Monday, up from $3.72 the week before, according to the U.S. Energy Information Administration. A...Read more

Drew Angerer/AFP/Getty Images North America/TNS

Meta lays off hundreds amid AI spending, fizzled metaverse plans

Business / Business News /

Meta said its road to the metaverse ran through Seattle. Recent layoffs point to a dead end.

Meta laid off hundreds of employees Wednesday, about two months after a sweeping workforce reduction at the company.

A Meta spokesperson confirmed media reports that the Menlo Park, Calif.-based tech giant's latest cuts hit several divisions, including...Read more

Stacey Wescott/Chicago Tribune/TNS

Mars Snacking to invest $100 million, add 600 jobs through Chicago HQ expansion

Business / Business News /

CHICAGO — Candy giant Mars Snacking is investing $100 million to expand its Chicago headquarters, adding two new offices and more than 600 jobs, the company announced Wednesday.

Incentivized by state tax credits, Mars Snacking is opening a new regional office in Fulton Market and taking over the former Kellanova headquarters in River North as...Read more

Nick Wagner/The Seattle Times/TNS

Starbucks heads south? Coffee giant takes large office in Nashville, documents show

Business / Business News /

SEATTLE — In the latest sign of Starbucks' shifting strategy, the Seattle-based coffee giant is leasing a 250,000-square-foot office big enough for 2,000 people in Nashville, Tennessee, according to a copy of the lease viewed by The Seattle Times.

The lease, which starts June 2027 and runs for up to 23 years, was signed by Starbucks on March ...Read more

HUD launches investigation into WA's Covenant Homeownership Program

Business / Business News /

SEATTLE — In the Trump administration’s latest attack on Washington’s housing programs, the Department of Housing and Urban Development has launched an investigation into Washington's Covenant Homeownership Program.

HUD claims the down payment assistance program, intended to redress past housing discrimination, violates the Fair Housing ...Read more

Justin Sullivan/Getty Images North America/TNS

CarMax settles multi-county lawsuit over tardy title transfers

Business / Business News /

SAN JOSE, Calif. — CarMax has agreed to pay $1.1 million and change its practices to settle litigation from multiple California county prosecutors alleging the national auto dealer was slow-footing title transfers to customers in violation of state law.

The settlement with CarMax follows similar litigation resolved a year ago against ...Read more

Frederic J. Brown/AFP/GETTY IMAGES NORTH AMERICA/TNS

Instagram, YouTube found liable in lawsuit alleging they were designed to addict kids

Business / Business News /

LOS ANGELES — After a grueling seven weeks of court proceedings and more than 40 hours of tense deliberations across nine days in one of the country’s most closely watched civil trials, jurors handed down a landmark decision in Los Angeles Superior Court on Wednesday, finding Instagram and YouTube responsible for the suffering of a Chico ...Read more

Frederic J. Brown/AFP/GETTY IMAGES NORTH AMERICA/TNS

Instagram, YouTube found liable in lawsuit alleging they were designed to addict kids

Business / Business News /

LOS ANGELES — After a grueling seven weeks of court proceedings and more than 40 hours of tense deliberations across nine days, jurors handed down a landmark decision in Los Angeles Superior Court on Wednesday, finding Instagram and YouTube responsible for the suffering of a Chico woman who charged the platform was built to addict young users ...Read more

Toyota/Toyota/TNS

Once a slowpoke, Toyota growing EV portfolio amid industry pullback

Business / Business News /

GEORGETOWN, Ky. — The second-best-selling automaker in the United States is finally making its move on electric vehicles.

Toyota Motor Corp., at a moment when its Detroit competitors are bringing back Hemi engines and taking massive write-downs on EV efforts, showed off its first-ever American-made battery-electric vehicle Monday during an ...Read more

Nhat V. Meyer/Bay Area News Group/TNS

Mass deportations could jolt Bay Area economy and trigger job losses: report

Business / Business News /

SAN JOSE, Calif. — Mass deportations could jolt the Bay Area economy, erode the region’s already shaky job market, undermine federal, state and property tax revenue, and dampen retail and restaurant spending, according to a new economic report.

Deportations of undocumented immigrants could erase up to 5.8% of the nine-county region’s ...Read more

ANGELA WEISS/AFP/Getty Images North America/TNS

Javier Blas: Trump is winning the oil-price jawboning battle

Business / Business News /

Give credit where it’s due. Despite all the setbacks, Donald Trump is right that the U.S.-Israeli war in Iran war hasn’t triggered the oil price super-spike many feared — at least not yet. “I thought it would be worse, much worse,” the American president said last week, and it’s hard to disagree. Trump, wearing his social media ...Read more

Harrison Mantas/Fort Worth Star-Telegram/TNS

Texas' economic success no miracle, governor says during Fort Worth visit

Business / Business News /

FORT WORTH, Texas — Texas Gov. Greg Abbott compared the state’s economy to a master planned community during a stop Tuesday at the Fort Worth Stockyards.

Abbott participated in a fireside chat with Hillwood Chairman Ross Perot Jr. to cap off the fifth annual Forward Fort Worth summit.

Years of design, planning and execution have resulted ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Bollinger Motors founder buys back EV startup's assets for just $250K

Business / Business News /

DETROIT — Robert Bollinger, the founder and one-time CEO of one of Michigan's best-known electric vehicle startups, is buying back major assets of his old company for a bargain price: just under $250,000.

It's the latest twist for a firm that just a few years ago sold a majority stake for $150 million during the height of the EV investment ...Read more

Eric Thayer/Los Angeles Times/TNS

$8.71 a gallon? Welcome to LA's most infamous gas station

Business / Business News /

LOS ANGELES — The drab Chevron at the edge of Chinatown always makes the news. It's one of those Los Angeles gas stations that garners gasps, even shrieks, from Angelenos shocked by the cost per gallon, which is perpetually priced above other pumps across the city.

The price of gasoline has surged since the U.S. and Israel attacked Iran more ...Read more

Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

David's Bridal's new CEO is on a mission to create a one-stop shop for wedding planning

Business / Business News /

PHILADELPHIA -- Kelly Cook got married in a $19 dress from a Macy’s clearance rack.

She and her husband, Damon, had $100 in their checking account at the time, she said. There was no theme, website, or videographer, just 50 people gathered in a scorching-hot Houston backyard.

To Cook, she said, “it was the most perfect wedding ever.”

...Read more

Yamil Lage/AFP/GETTY IMAGES NORTH AMERICA/TNS

Could Cuban Americans invest and own businesses in Cuba soon? Not so fast. Here's why

Business / Business News /

MIAMI — The possibility that Cubans in South Florida and elsewhere outside the island might soon be able to invest in and own businesses in Cuba may amount to little more than an invitation and a fantasy.

Standing in the way of any investments and businesses that Cuban exiles may want to start on the island, experts say, are U.S. government ...Read more