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Business and Economic News

Tax credits soon disappearing for home energy upgrades

Tax credits soon disappearing for home energy upgrades

Some people are rushing to put up solar panels before a federal tax break expires. Coming up at 9 a.m. on Monday, MPR News guest host Catharine Richert talks about how to use the tax credits for home energy improvements, including solar, insulation and heat pumps.
by Catharine Richert and Maja Beckstrom

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Niron breaks ground on Sartell plant to produce magnets without rare earth elements

Niron breaks ground on Sartell plant to produce magnets without rare earth elements

It’s the first manufacturing plant in the world to produce high-powered magnets without the use of rare earth materials. Niron officials say the plant will help reduce U.S. reliance on materials imported from China.
by Kirsti Marohn

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Trump to place import taxes on drugs, home furnishings and heavy trucks

Trump to place import taxes on drugs, home furnishings and heavy trucks

President Trump said he will put import taxes of 100 percent on pharmaceutical drugs, 50 percent on kitchen cabinets and bathroom vanities, 30 percent on upholstered furniture and 25 percent on heavy trucks starting on Oct. 1.
by The Associated Press

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Trump’s TikTok deal payment criticized as ‘shake-down scheme’ by experts

Trump’s TikTok deal payment criticized as ‘shake-down scheme’ by experts

The U.S. government will collect a multibillion-dollar fee from the American investors who will take over TikTok. Some experts call the fee and other deals like it “extortion.”
by Bobby Allyn and David Folkenflik

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Trump’s $100K H1-B visa fee could hit major Minnesota companies, institutions

Trump’s $100K H1-B visa fee could hit major Minnesota companies, institutions

President Donald Trump has issued an executive order that imposes a $100,000 fee on new H-1B visa petitions. Hundreds of companies in Minnesota could be affected, including several large employers like Mayo Clinic and the University of Minnesota.
by Sarah Thamer

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Xcel Energy will pay $640M to settle claims from Denver-area wildfire that burned 1,000 structures

Xcel Energy will pay $640M to settle claims from Denver-area wildfire that burned 1,000 structures

Xcel Energy expects to pay about $640 million to settle lawsuits alleging it was responsible for starting Colorado’s most destructive wildfire that killed two people and destroyed nearly 1,000 homes in 2021, the company said Wednesday.
by The Associated Press

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Did Amazon trick people into paying for Prime? Federal case goes to trial

Did Amazon trick people into paying for Prime? Federal case goes to trial

The U.S. government says Amazon manipulated people into signing up for Prime memberships that were purposefully hard to cancel. The company says its designs and disclosures follow industry standards.
by Alina Selyukh, Monica Nickelsburg and Joshua McNichols

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