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Business and Economic News

Target struggles in the third quarter and offers tempered outlook for the holidays

Target struggles in the third quarter and offers tempered outlook for the holidays

Target etched out a slim sales increase in the third quarter but profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
by Associated Press

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Traffic on Bluesky, an X competitor, is up 500% since the election. How will it handle the surge?

Traffic on Bluesky, an X competitor, is up 500% since the election. How will it handle the surge?

Unlike other social media sites, Bluesky allows users to create their own algorithm. The site does not have ads, nor harvest data for artificial intelligence training. But it is still very small, and it does not make money.
by Bobby Allyn

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First phase of massive Sherco Solar project now generating electricity

First phase of massive Sherco Solar project now generating electricity

The first phase of the $1.1 billion Sherco Solar project was connected to the electrical grid in late October. When the next two phases are completed over the next two years, the project will produce enough energy to power about 150,000 homes.
by Kirsti Marohn

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How UnitedHealth’s playbook for limiting mental health coverage puts countless Americans’ treatment at risk

How UnitedHealth’s playbook for limiting mental health coverage puts countless Americans’ treatment at risk

United used an algorithm system to identify patients who it determined were getting too much therapy and then limited coverage. It was deemed illegal in three states, but similar practices persist due to a patchwork of regulation.

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McDonald’s is investing $100 million to bring customers back after E. coli outbreak

McDonald’s is investing $100 million to bring customers back after E. coli outbreak

The U.S. Centers for Disease Control and Prevention has said that slivered onions on the Quarter Pounders were the likely source of the E. coli. Taylor Farms in California recalled onions potentially linked to the outbreak.
by The Associated Press

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Anheuser-Busch will close Moorhead malting plant

Anheuser-Busch will close Moorhead malting plant

Anheuser Busch will close a large malting facility in Moorhead and transfer operations to Rahr’s malting plant in Shakopee. The Moorhead malt house opened in 1978 and processed millions of bushels of barley each year for use in the beer brewing process.
by Dan Gunderson

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