The idea of a "new normal" became a post-pandemic cliche, but the president of the Federal Reserve Bank of Minneapolis thinks there might be economic proof of its truth.

After 11-consecutive interest rate hikes from March 2022 to July 2023, policymakers have kept rates at 5.25% to 5.5% since, including upholding that rate at a meeting of the ...Read more

California's wealthiest farming family is proposing an expansion of industrial warehousing in Kern County that would fundamentally reshape the economy in the southern San Joaquin Valley.

Outside of Kern, Stewart and Lynda Resnick, the billionaire owners of the Wonderful Co., are better known for pomegranates and pistachios. But for more than a ...Read more

Steady gusts of wind swept across a field in Maple Grove, Minnesota, last week as Warren Grange of Heimdall Power flew a drone to attach what looks like a high-tech cantaloupe on to a power line.

The small sphere, which the Norway-based company officially calls a "neuron," has drawn nicknames like "magic ball" or "orb." Whatever the name, ...Read more

Last Monday, Friendly Pharmacy filled 318 prescriptions. For about 100 of them, insurance companies paid the pharmacy less than $3.

In 22 instances that day, the reimbursement was less than the cost of the medication. And that’s just among the prescriptions that were actually filled. Managing pharmacist Brad Tabaac said he has to turn away ...Read more

Panera Bread will no longer sell its "charged lemonade" — a caffeinated drink at the center of two wrongful death lawsuits against the company — in a move the plaintiffs' attorney says "will save lives."

The lawsuits allege that Panera failed to accurately advertise its charged lemonade as an energy drink, putting consumers at risk, and ...Read more

The last thing most business owners want is to be taxed and regulated, but hemp business owners are asking for just that — as a way to keep their industry alive.

Hemp entrepreneurs came out Tuesday in favor of a state legislative proposal to license hemp sales, require testing and labeling of their products, prohibit products that look like ...Read more

Rents in most major U.S. metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.

Nationwide, rents climbed 30.4% while incomes expanded 20.2% from 2019 to 2023, data from Zillow, StreetEasy and the Bureau of Labor Statistics show. Florida, a migration hot spot, had ...Read more

Agriculture is the second-largest industry in Florida after tourism, and Central Florida has three of the state’s top 10 producing counties: Polk, Orange and Lake.

Although states such as Washington, Minnesota, California, Oregon and Colorado have laws protecting those who toil in the heat, Florida lacks such standards for its 2 million ...Read more

Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had no clue about financial contracts based on things like sunshine, rainfall and wind.

That’s beginning to change. ...Read more

Kim Kardashian was already a successful celebrity businesswoman when she launched Skims five years ago.

But more often than not, she simply had attached her name to a string of existing companies: QuickTrim supplements, Carl’s Jr. salads, Skechers Shape-Ups, Sugar Factory confections, Midori liqueur, Silly Bandz bracelets, Beach Bunny ...Read more

Tesla Inc. is facing increased federal scrutiny of Autopilot, with the top U.S. auto-safety regulator seeking data that will help determine whether the company’s biggest-ever recall made its driver-assistance system safer.

In a letter posted on its website Tuesday, the National Highway Traffic Safety Administration presses Tesla on how much ...Read more

As the United Auto Workers continues its organizing drive in the South with an election next week at a Mercedes-Benz plant in Alabama, November’s presidential election looms as a potential turning point in the effort.

During their stints in the Oval Office, both Joe Biden and Donald Trump have used the National Labor Relations Board — an ...Read more

More than 1,000 residents and fellows at University of Chicago Medicine have voted to unionize, joining their peers at other large Chicago-area health systems.

The doctors hope to soon negotiate their first contract with UChicago Medicine. They’re looking for improved pay and working conditions. Residents often work at hospitals after earning...Read more

Q: About a century ago, the term "fuel cell" described exotic wafers that allow hydrogen and oxygen to combine across a membrane, somehow producing electricity and water. Maybe 25 years ago, the car dudes began to use the same term for a fancy gas tank. Why did the car dudes do this? What makes the gas tank version of a fuel cell different from ...Read more

Berkshire Hathaway shareholders flocked to Omaha, Nebraska, on Saturday to hear from CEO Warren Buffett and other Berkshire executives. For about 5 hours, Buffett took questions on Berkshire’s many businesses, investing and life in general.

The meeting included a video tribute to Buffett’s longtime partner and Berkshire vice-chairman ...Read more

Theranos founder Elizabeth Holmes has shaved more than four months off her prison sentence, according to the U.S. Bureau of Prisons.

Holmes, 40, was sentenced to 11 years and three months for defrauding investors in her now-defunct Palo Alto blood-testing startup. She began serving time at federal prison camp Bryan in Texas on May 30 last year...Read more