City Minneapolis Financial News

22.05 / 14:37

markets Target Digital pandemic Trade reports Updates Target sales decline to start the year, but it sees improvement

Target is reporting a decline in quarterly revenue as still-stubborn inflation cuts into shoppers’ spending

21.05 / 00:21

COST Citi Bill President reports Department Uber and Lyft say they won't leave Minnesota after all — and drivers are getting a raise

passed a measure that will increase driver pay, but at a lower rate than approved by Minneapolis officials earlier this year. Although the new pay minimums are less than the rate approved by the Minneapolis City Council in March, they are intended to ensure drivers across the state are paid at least the city’s minimum wage equivalent of $15.57 an hour, though they also might mean increased costs for passengers. Minnesota lawmakers approved the pay plan Sunday night, on the last day of the legislative session and sent the measure to Gov.

19.05 / 23:33

Citi Platform Bill President social stars Plan to boost Uber and Lyft driver pay in Minnesota advances in state Legislature

threaten to leave the state's biggest city. The agreement announced Saturday after a day of negotiations would set a minimum pay rate at $1.28 per mile and 31 cents per minute. Uber has said it will keep operating in the state under those rates.

13.05 / 08:23

BTC Digital Bitcoin news Trade President Bitcoin Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next?

Bitcoin (BTC) began the week on a downward trend, trading around $61,000 with an intraday low of $60,675. Despite a previous surge following the U.S. approval of exchange-traded funds (ETFs), Bitcoin has not regained momentum.

11.05 / 04:01

Target Reuters Progressive President Universities show Interviews Fed officials mull whether rates high enough as inflation expectations jump

interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers' inflation expectations. «There are… important upside risks to inflation that are on my mind, and I think there's also uncertainties about how restrictive policy is and whether it's sufficiently restrictive» to return inflation to the U.S. central bank's 2% target, Dallas Fed President Lorie Logan said at a Louisiana Bankers Association conference in New Orleans.

11.05 / 00:22

Provident Action students Universities War information Colleges NOT Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple

Some universities are vowing to provide information about how much university endowment money is invested in companies profiting from the Israel-Hamas war amid calls from pro-Palestinian protesters

10.05 / 02:53

COST UPS Progressive economy President Commentary NOT Why higher Fed rates are not totally off the table

Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing. After the central bank held rates steady at 5.3% last week, Fed Chair Jerome Powell delivered a news conference where what he didn't say mattered.

10.05 / 01:17

UPS Provident Platform Strategy War innovations Destinations AlTi announces deal for $3B family office Envoi

AlTi Tiedemann Global, a global wealth management firm with assets exceeding $70 billion, is stepping further into the US wealth space with a hefty acquisition.

10.05 / 00:51

UPS Provident Digital wellness innovations Schools Midcaps up M&A game with winds of tech spends revival

acquisition activities, with several small and midsize firms announcing deals in the past four months in segments ranging from consulting and startups to engineering services, data and analytics. Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when the demand for technology spending, especially in discretionary projects, returns, say analysts. Big IT firms such as Infosys, HCLTech, Wipro and Cognizant too have announced M&A deals in recent months, but the numbers were fewer compared with their smaller rivals.

08.05 / 21:57

COST UPS Bill concert reports Sporting Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz

08.05 / 02:49

markets MSCI Nikkei President show blues reports Asia stocks drift, dollar firm as Fed rate path pondered

Asian stocks lacked direction on Wednesday, while the dollar remained firm despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal Reserve interest rates. The yen remained on the back foot even with the threat of currency intervention from Japanese authorities to support it.

08.05 / 02:49

markets COST Gap CME President show Gold Prices Gold prices hold ground as traders eye Fed cues

Gold prices were steady on Wednesday, while market participants awaited fresh cues from U.S. Federal Reserve officials for further clarity on the timeline for potential interest rate cuts.

08.05 / 00:59

markets Target Progressive Apple Remark wellness President NOT Federal reserve president says rate cuts may not come in 2024

The Claman Countdown panelists Ted Weisberg and Tim Urbanowicz discuss interest rates, Apples iPad Pro and Disneys earnings.

07.05 / 15:21

markets Citi security Remark Trade President reports Gold slips as US dollar strengthens, investors await Fed officials comments; silver trades flat

Gold and silver prices today on 07-05-2024: Check latest rates in your city On Monday, spot gold prices gained almost 1% on Monday amid softer dollar and decline in US treasury yields. Friday’s weaker than expected US jobs report fueled expectation of potential rate cuts later this year. Further, safe haven buying due to the ongoing tension in the Middle East also supported the bullions to trade higher.

07.05 / 09:05

markets Ethereum Bitcoin news trends Bitcoin reports Rate Cut Bitcoin Price Prediction: Hits $64,000 on U.S. Economic Slowdown, Rate Cut Hopes

Bitcoin failed to continue its upward trend despite multiple supporting factors such as a bearish US dollar and a dovish stance from the Federal Reserve. It lost some of its gains, dropping to around 63,400 and hitting an intraday low of 62,961.

06.05 / 13:17

markets wellness Trade President reports Interviews Stocks gain ahead of central bank speeches

Stocks made small gains in holiday-thinned trading as traders turned their attention to a line-up of central bank speeches this week.

25.04 / 23:01

UPS Citi Research President country travelers prevention Minneapolis smokers to pay some of the highest cigarette prices in US with a $15 per-pack minimum

Smokers in Minneapolis will pay some of the highest cigarette prices in the country after the City Council voted unanimously to impose a minimum retail price of $15 per pack to promote public health

24.04 / 05:23

BLOCK CEO economy cover innovations Department Courts New federal rule would bar 'noncompete' agreements for most employees

U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency, though the rule is sure to be challenged in court

14.04 / 08:45

markets Citi Twitter reports Department Uber and Lyft delay their plans to leave Minneapolis after officials push back driver pay plan

The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis to July 1 after city officials decided Wednesday to push back the start of an ordinance that increases driver pay

12.04 / 17:11

show reports stake Brookfield said to be in talks to acquire majority stake in Castlelake

Brookfield Asset Management Ltd. is in advanced talks to buy a majority stake in private-credit manager Castlelake LP, according to people with knowledge of the matter.

08.04 / 14:59

markets UPS Citi Metro community students rights Here’s what we know about Uber and Lyft’s planned exit from Minneapolis in May

The future of Uber and Lyft in Minneapolis has garnered concern and debate in recent weeks after the City Council voted last month to require that ride-hailing companies pay drivers a higher rate while they are within city limits

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