City Minneapolis Financial News

Target reported a second-quarter sales drop, dragged down by shoppers' inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise. The Minneapolis retailer expects high interest rates, which makes credit cards more expensive to use, and higher prices on food to continue to put a strain on customers and on Wednesday, the chain cut its profit outlook for the year. It also expects sales will decline for the remainder of the year.

Minneapolis Federal Reserve President Neel Kashkari favors getting tougher on regional banks, following a crisis earlier this year that he said may not be over.

Stocks that traded heavily or had substantial price changes Monday: US Steel, Monday

Renaissance tour dominate headlines, it's the iconic Shape of You crooner, Ed Sheeran, who's captured the spotlight. Currently crisscrossing America with his Mathematics tour, Sheeran has been serenading audiences with tunes from his acclaimed Divide and Subtract albums. But it's a tantalizing hint dropped during one of his performances that's fueling anticipation for what could be a new album release. Here's what enthusiasts are buzzing about.

Bloomberg . Even so, some investors have been pouring into the Treasury market, drawn by the higher interest rates and concern that this year’s stock market rally is unsustainable. That’s put US Treasuries on course for a record year of inflows, according to Bank of America Corp.

ANI. Persons with persistent acid reflux can develop gastroesophageal reflux disease or GERD which could potentially result in oesophagal cancer. The author of new study, MBBS, PhD, of the University of Minnesota School of Public Health in Minneapolis, and a member of the American Academy of Neurology Kamakshi Lakshminarayan while speaking about proton pump inhibitors said, “Proton pump inhibitors are a useful tool to help control acid reflux, however, long-term use has been linked in previous studies to a higher risk of stroke, bone fractures and chronic kidney disease," “Still, some people take these drugs regularly, so we examined if they are linked to a higher risk of dementia.

By Jonathan Stempel

It’s time to check your candle supply again

Tou Thao, from Minneapolis has been sentenced to 57 months in prison for his involvement in George Floyd's death. Thao was found guilty of aiding and abetting manslaughter in May by a Minnesota judge. He stated that he acted as a «human traffic cone,» holding back bystanders while Derek Chauvin knelt on Floyd's neck for about 10 minutes. George Floyd's death in May 2020 led to widespread protests across the US. All four ex-police officers connected to the incident were convicted of federal civil rights charges, along with state murder charges for Chauvin. Ex-officers, Thomas Lane and J Alexander Kueng, admitted guilt for aiding and abetting second-degree manslaughter in the case. Thao, who received a three-and-a-half-year sentence for his civil rights conviction, will serve the 57 months concurrently. He opted for a judge trial in the manslaughter case, waiving his right to a jury trial. He also chose not to testify or question witnesses. Judge Peter Cahill, in a 177-page decision, stated that Thao's actions, including shielding Chauvin and the other officers from the crowd, prevented a trained medic from aiding Floyd. «Proof beyond a reasonable doubt» shows that Thao's actions were «objectively unreasonable» from the perspective of a reasonable police officer, considering all circumstances, the judge said. Judge Cahill additionally noted that Thao's actions were more unreasonable as he was obligated to intervene to stop excessive force by other officers and was trained to provide medical assistance.

families while they wait for initial screenings after crossing the border, signaling they are comfortable with early results of what is intended as an alternative to detention. The curfews began in May in four cities and, on Friday, grow to 13 locations, U.S. Immigration and Customs Enforcement officials told advocates.

The benchmark U.S. 10-year Treasury yield rose as high as 4.198% during the session, the highest since November, extending its climb from a day earlier following Fitch's downgrade of the top-tier U.S. credit rating.

Minnesota’s legalization of recreational marijuana went into effect Tuesday

KB Advisory founder Kristin Bentz discusses whether the U.S. economy is starting to see cracks in consumer spending on Making Money.

Investing.com — U.S. stocks were rising ahead of a deluge of megacap earnings and the jobs report for July due out on Friday.

Bonds fell and stocks struggled for direction as traders parsed the latest commentary from central bankers for clues on the path for interest rates.

Investing.com-- Gold prices kept to a tight range on Monday as investors awaited more major cues on the U.S. economy this week, while copper prices were muted ahead of key economic data from major importer China. 

Slatestone Wealth chief market strategist Kenny Polcari shares his market outlook and discusses the impact of ‘Bidenomics’ on ‘Varney & Co.’

A merger that would have created one of the largest health service companies in the Upper Midwest has been scrapped

Minnesotans can legally possess and grow their own marijuana for recreational purposes starting Tuesday, Aug. 1, subject to limits meant to keep a lid on things while the state sets up a full-blown legal cannabis industry

Brett Goldstein is embarking on his highly anticipated inaugural live standup tour across North America. Titled the «Second Best Night of Your Life Tour,» the British performer promises to deliver an unforgettable evening of laughter and entertainment. With his exceptional comedic timing and captivating storytelling, Goldstein has already gained significant recognition in the comedy circuit. Now, he is ready to delight fans across America with his wit and humour.

Dow Jones Industrial Average and S&P 500 index rose modestly on Wednesday, with the blue-chip Dow registering its eighth straight day of gains as investors gauged the latest round of corporate earnings, but a decline in Microsoft held the Nasdaq near the unchanged mark. Bank stocks extended their rally, with the S&P 500 bank index advancing 1.70%, gaining for a third straight session and for the eighth time in the past nine. Goldman Sachs rose 0.97% after reporting a 3-year low in profit but CEO David Solomon made upbeat comments about signs of a recovery in investment banking.