City Minneapolis Financial News

Could sails make a comeback for cargo ships on the high seas? Major players in maritime shipping, looking for ways to cut carbon emissions and save on fuel, are trying out new ways to use old-fashioned wind power. But the devices being tested on some bulk freighters are far from old-fashioned—more like high-tech airplane wings than the canvas sails that once powered schooners and sloops. One version is the “WindWings" device developed by the Minneapolis-based agricultural giant Cargill and BAR Technologies, a U.K.-based company that has designed boats and advanced sails for the America’s Cup race.

The Minnesota Court of Appeals has affirmed a decision by state regulators to grant a major permit for the proposed NewRange copper-nickel mine

Would you get blood work done at your gym? Longevity-focused treatments like IV vitamin drips, biological-age testing and peptide injections—questioned by many doctors but embraced by a growing group of health enthusiasts—are coming to mass-market fitness centers. Some fitness brands are adding or investing in clinics that offer access to weight-loss drugs, too. The push has the potential to bring once-fringe treatments purported to fight aging further into the mainstream.

Xcel Energy has been fined $14,000 related to leaks of radioactive tritium from its nuclear power plant at Monticello

If you thought the world had gone crazy when, inJanuary 2023, banks in the US began accepting applications for summer internships in 2024, we have news for you. It's not even Christmas and at least three banks are now inviting applications from students who wantinternships in 2025. 

NEW YORK (Reuters) — U.S. job growth accelerated in November and the unemployment rate dropped to 3.7% even as more people entered the labor force, pointing to underlying strength in the labor market.

By Noel Randewich and Amruta Khandekar

prison stabbing of Derek Chauvin, the former Minneapolis police officer convicted of murdering George Floyd. John Turscak stabbed Chauvin 22 times in the law library at the Federal Correctional Institution in Tucson, Arizona, with an improvised knife, federal prosecutors said. Turscak, 52, told correctional officers he would've killed Chauvin had they not responded so quickly, prosecutors said. Turscak later told FBI agents that he'd been thinking about assaulting Chauvin for about a month because he is a high-profile inmate but denied wanting to kill him, prosecutors said. Turscak told the agents that he attacked Chauvin on Black Friday, the day after Thanksgiving, as a symbolic connection to the Black Lives Matter movement and the «Black Hand» symbol associated with the Mexican Mafia gang, prosecutors said. An attorney for Turscak was not listed in court records and Turscak, who has represented himself in numerous court matters from prison, remained in custody on Friday. Chauvin, 47, was sent to FCI Tucson from a maximum-security Minnesota state prison in August 2022 to simultaneously serve a 21-year federal sentence for violating Floyd's civil rights and a 22½-year state sentence for second-degree murder. Chauvin's lawyer, Eric Nelson, had advocated for keeping him out of general population and away from other inmates, anticipating he'd be a target.

Several stores where George Floyd was killed by Minneapolis police in 2020 are suing the city for about $1.5 million

The proposed NewRange Copper Nickel mine in northeastern Minnesota has suffered a fresh setback

The Mayo Clinic has announced a $5 billion expansion plan that includes new buildings designed so they can evolve and expand as patient needs change over the coming decades

Castlelake LP, which has about $22 billion in assets under management, is exploring options including a sale, according to people with knowledge of the matter.

(Reuters) — Derek Chauvin, the former Minneapolis police officer convicted in the death of George Floyd, was attacked in a prison in Arizona, Minnesota Attorney General Keith Ellison confirmed on Saturday.

Derek Chauvin, the former Minneapolis police officer convicted in the death of George Floyd, was stabbed in federal prison on Friday and seriously injured, the Associated Press said, citing a person familiar with the matter. Floyd's death in 2020 unleashed a wave of protests worldwide against police brutality and racism after Chauvin, who is white, knelt on the handcuffed Black man's neck for more than nine minutes in a murder caught on cellphone video. The Federal Bureau of Prisons confirmed an unidentified inmate was assaulted at the Federal Correctional Institution in Tucson in Arizona, but declined to confirm if it was Chauvin. Chauvin, 47, was stabbed by another inmate at the prison, the news agency said, citing a source who was not authorized to discuss the attack and sought anonymity. The New York Times also reported Chavin was stabbed, citing two people with knowledge of the matter. In its statement, the Bureau said employees of the medium security prison responded to the attack and «initiated life-saving measures» for one individual, who was taken by emergency medical services to a hospital for treatment. No employees were injured and the public was never in danger from the incident at 12:30 p.m. MST.

National registered investment advisor firm Nepsis Inc. has acquired a full-service tax, accounting, and consultancy firm to expand its brand and offering.

Target's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have squarely focused on food and essentials, while showing reluctance to spend on home goods, electronics, toys and apparel that are deemed less essential. With nearly half of Target's sales coming from these less essential categories, its sales have fallen in the past two quarters, but the retailer has been about to eke out a higher profit on tighter inventory management and cost controls in other parts of its business, such as logistics. On Wednesday, the company forecast adjusted earnings to land between $1.90 and $2.60 per share.

By Siddharth Cavale and Ananya Mariam Rajesh

Investing.com — Target (NYSE:TGT) has posted higher-than-anticipated income in the third quarter and delivered a forecast for its current three-month period that was largely above Wall Street expectations, as the big-box retailer moved to clear out inventories and corral costs.

Target has reported better-than-expected profits for its fiscal third quarter, benefiting from its efforts to hold down costs

Over the past 8 days, several key factors, from the recent Fed meeting to US economic data and a series of statements by Federal Reserve board members, have halted the EUR/USD pair's resurgence. Currently, the pair finds itself amidst a broad correction, but there's still a possibility that the uptrend could resume.

The venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals