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California crypto startup moves to South Dakota as debate over proposed wealth tax heats up
California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires.
The company that had been based in Palo...Read more
Social Security and You: Babies of "Notch Babies"
This is going to be a column about the infamous "notch babies." I thought this issue had died, because frankly, almost everyone affected by this glitch in Social Security law has died. (The few still alive would be over ...Read more
Daily Herald, longtime suburban Chicago newspaper, notifies state of potential sale
The publisher of the Daily Herald filed notice with the state earlier this month that it is considering a sale of the northwest suburban newspaper.
In a Jan. 6 letter to the Department of Commerce and Economic Opportunity...Read more
Meta lays off hundreds in Seattle area
Meta is laying off 331 workers in the Puget Sound region as part of broader cuts to its virtual reality division.
The Facebook parent company last week said that it was cutting about 10% of its 15,000-employee Reality ...Read more
Microsoft CEO warns AI needs to spread beyond Big Tech to avoid bubble
As tech companies spend billions on artificial intelligence data centers and computer chips, fears of an AI bubble held privately by Wall Street traders and some Big Tech titans are beginning to pop into public view.
...Read more
China's soy purchases hit 12 million tons to meet US pledge
China has purchased roughly 12 million tons of U.S. soybeans in the last three months, clearing a closely watched trade hurdle and meeting a key pledge outlined by the Trump administration in November.
The world’s top ...Read more
Minnesota statewide strike, economic blackout to protest ICE on Friday
Thousands of union members, religious faithful and ordinary citizens are expected to participate in a massive statewide economic strike on Friday that organizers are hoping will bring an end to U.S. Immigration and Customs...Read more
Wall Street has worst session since April meltdown: Markets wrap
Stocks, bonds and the dollar fell after President Donald Trump threatened tariffs on various European countries before high-level meetings in Davos amid a growing standoff over his ambitions to take over Greenland. Bitcoin...Read more
FTC to appeal court ruling on Meta win in monopoly case
The U.S. Federal Trade Commission said it will appeal a federal judge’s decision that Meta Platforms Inc. doesn’t have a monopoly in social networking.
Judge James Boasberg ruled in November that Meta’s acquisitions...Read more
Businesses turning to temps as employees flock to Minnesota's paid leave program
More than 25,000 workers have already applied for Minnesota’s new paid leave program, sending businesses scrambling to cover their work and creating an unexpected windfall for temp agencies.
True Talent temporary ...Read more
Disney succession: Inside the search for a CEO to replace Bob Iger
The Walt Disney Co. can ill afford another succession implosion.
The last time Chief Executive Bob Iger handed over the reins, the plan backfired, executives revolted, his replacement got bounced and Iger returned to lead...Read more
Uber, Lyft drivers could win union rights if state law changes
An estimated 100,000 rideshare drivers in Illinois could win the right to join a union under new legislation expected to be filed in Springfield this month, an effort that comes on the heels of similar campaigns in ...Read more
California hits milestone in electric vehicle sales
In 2012, when there were about 30,000 electric vehicles on the road statewide in California, Tesla was a small new company that mostly appealed to hobbyists, and the Toyota Prius was still a rarely seen novelty in many ...Read more
Food costs spiked in December while gas prices cooled. Here's the latest look at consumer expenses
The U.S. Bureau of Labor Statistics released its latest consumer price report last week, providing a closer look at how energy costs, grocery prices and other everyday expenses have shifted in the nearly 12 months since ...Read more
Xi's export machine gets lift from US move to strongarm allies
As Xi Jinping battles unprecedented deflation and shrinking investment, he’s betting that China can sell more and more goods to the world to drive growth. To that end, Donald Trump’s threats against key U.S. allies are...Read more
How Twin Cities restaurants are changing amid ICE surge: 'We are pretty much back to COVID'
The bar stools were filled at Marna’s Eatery and Lounge in Robbinsdale on a recent weekday evening as owner Rolando Diaz poured a creamy cocktail from a shaker. Neighbors trickled in, and Diaz moved from bar to dining ...Read more
Q&A: John Bozzella, auto lobby group CEO, on relevance of USMCA, tariffs
DETROIT — The CEO of the auto industry's largest lobbying group said President Donald Trump's remark last week that the trade deal he previously negotiated with Mexico and Canada was "irrelevant" is an unsurprising ...Read more
Germany's €3 billion EV subsidy will be open to Chinese brands
Germany’s €3 billion ($3.5 billion) subsidy program for electric vehicles will be open to all manufacturers, including Chinese brands, as the government seeks to revive sales in Europe’s largest car market.
The ...Read more
David Fickling: Cement Is hitting a wall. There's no coming back
What’s the most important commodity for modern civilization? There’s a good argument that it’s not the ones we think about — oil, gas, copper, iron ore, gold — but something that’s ubiquitous and rarely grabs ...Read more
'Weaponizing' $10 trillion of US assets is tough ask for Europe
As Europe considers how best to respond to U.S. President Donald Trump’s latest threats over Greenland’s sovereignty, there’s one extreme potential counter measure that’s fueling debate among investors.
European ...Read more
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