Business

Adobe's stock has come under fire for spending $20 billion on Figma.  But he now owns a rare business.

Adobe’s stock has come under fire for spending $20 billion on Figma. But he now owns a rare business.

Adobe beat revenue and profit expectations and announced the same day that it would acquire a smaller but faster-growing rival in online design collaboration tools. The stock market rewarded the company by driving down its ADBE shares, -3.12% to the lowest level in almost three years. Investors punished the company not for its earnings report, …

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Global economy weakens amid battling inflation, war and lingering pandemic

Global economy weakens amid battling inflation, war and lingering pandemic

Stubbornly high inflation has raised fears on Wall Street that the Federal Reserve will react by raising interest rates until the United States slips into recession, dragging with it a weakening global economy. As analysts say the US economy grew in the third quarter, signs of trouble are mounting, both at home and abroad. Rising …

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Inflation could be a good thing for the United States, says leading economist

Inflation could be a good thing for the United States, says leading economist

Not only are you paying more for things than you were a year ago, but consistently higher than expected Consumer Price Index readings continue to devastate the stock market, sending the S&P 500 down more than 1,000. points on Tuesday, his worst day since June. 2020. One of America’s top financial historians says this moment …

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Why your electric bill is so high - and why your heating bill could be next

Why your electric bill is so high – and why your heating bill could be next

A spike in natural gas prices in the middle of a hot summer contributes to high electricity bills in the United States. Here, the sun sets behind power lines in Redondo Beach, California on August 31. Patrick T. Fallon/AFP via Getty Images hide caption toggle caption Patrick T. Fallon/AFP via Getty Images A spike in …

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Chick-fil-A employee hailed for stopping man from robbing mother with baby

A worker at a Chick-fil-A restaurant in Florida is being hailed a hero after battling a man who tried to steal a car from a woman dragging her baby out of the vehicle in a heartbreaking confrontation in a parking lot captured on video. Incredibly, this wasn’t even the first time that 26-year-old Thomas “Mykel” …

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Alaskan-owned Horizon Air pilots win huge pay raises under new contract

Alaskan-owned Horizon Air pilots win huge pay raises under new contract

The more than 700 pilots of Horizon Air, Alaska Airlines’ low-wage regional carrier, have won an explosive contract that includes eye-popping pay increases. Captains will get an average pay increase of 74% while co-pilots will get an 85% pay increase, the pilots’ union announced on Friday. First-year captains at Horizon will drop from $81 to …

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Labor Shortages Are Fueling America's Biggest Labor Crises

Labor Shortages Are Fueling America’s Biggest Labor Crises

Exhausted workers in education, health and rail industry retreat after months of staff shortages September 16, 2022 at 4:34 p.m. EDT Striking nurses demonstrate for better working conditions on public sidewalks outside Riverside Hospital September 13 in Minneapolis. (Annabelle Marcovici for the Washington Post) The U.S. economy ground to a halt hours after the shutdown …

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Across Minnesota, rising mortgage rates weigh on home sales and listings

Across Minnesota, rising mortgage rates weigh on home sales and listings

The doubling of mortgage rates over the past year is beginning to weigh on home sales across Minnesota. This week, mortgage rates rose above 6% for the first time in 14 years, as lenders continue to price in expected hikes in the main rate set by the Federal Reserve. A new report from Minneapolis-area real …

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