U.S. likely to avoid a recession, Goldman Sachs says
Economists with the investment bank point to "encouraging signs" that the economy could experience a soft landing,
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Economists with the investment bank point to "encouraging signs" that the economy could experience a soft landing,
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
A growing number of Americans say they're done going the extra mile for their employers. Some experts call that progress.
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
The average cost of gas in Minnesota is down to $4.01 per gallon as Americans continue to struggle to pay bills.
Economists say Americans are piling up debt at a higher rate than previously predicted.
Changing up spending habits because of higher expenses elsewhere is a necessary dose of prioritizing in this economic climate.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Governor Tim Walz announced on Wednesday a 10-year economic expansion plan that he says will make the economy more equitable, inclusive and sustainable.
Governor Tim Walz announced on Wednesday a 10-year economic expansion plan that he says will make the economy more equitable, inclusive and sustainable.
Minnesota's unemployment rate dropped to an all-time low of 1.8% in June, according to the latest data from the Minnesota Department of Employment and Economic Development.
WCCO's Jonah Kaplan talks with the Minneapolis Federal Reserve about why interest rates are rising now and what it means for consumers.
Minnesota's unemployment rate sunk to 2% for the month of May, breaking another record.
More households in Minnesota are qualifying for a federal program that provides assistance with food. And, it comes at a time when inflation has caused grocery prices to rise.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Stocks fell again Tuesday ahead of the Federal Reserve's impending announcement on interest rates. This week's losses come on worries that high inflation will push the central bank to hit the brakes too hard to slow demand.
The stock market took a deep dive on Friday after the CPI was released: the S&P 500 dropped 117 points, or 2.9%, to 3,901. The Dow Jones industrial Average dropped 2.7%, and the tech-heavy Nasdaq sank 3.5%.
Business leaders in nine Midwest and Plains states indicated in a monthly survey that the region's economy continued to improve going into the new year, with confidence in the economy over the next six months soaring.
The job market was red-hot this summer, but it's cooling off significantly. Across the nation, there are around 11 million openings, including more than 1 million adding in July alone.
Minnesota's unemployment rate held steady at 4% in June as the state recorded its first month of job losses since December.
As Minnesota continues its recovery from more than a year of dealing with pandemic-related restrictions, employers are working to fill jobs.
Minnesota's unemployment rate continued to decline in April, dropping to 4.1%. That's down from 4.2% in March as more Minnesotans find work or return to jobs lost during the COVID-19 pandemic.
State officials announced Thursday that Minnesota's unemployment rate dropped to 4.3% last month, down from 4.5% in January.
The pandemic has disproportionately affected employment for women, particularly women of color. More than 2 million women have left the workforce since February of last year.
Virgil Green has stepped down as Golden Valley police chief following the results of two investigations into allegations against him, the city said Friday.
A lawsuit filed by Minnesota Attorney General Keith Ellison alleging Fleet Farm negligently sold firearms and other charges tied to gun trafficking will proceed to trial, court documents filed Wednesday show.
The plan called for Hamas to return all Israeli hostages and for the Israeli military to begin withdrawing from parts of the Gaza Strip in phases.
Iowa's largest school district has said it filed a lawsuit against the consulting company it hired to find superintendent candidates.
Minnesota regulators have approved the takeover of Minnesota Power by an investment group, despite opposition from the state attorney general and consumer advocates.
Virgil Green has stepped down as Golden Valley police chief following the results of two investigations into allegations against him, the city said Friday.
A lawsuit filed by Minnesota Attorney General Keith Ellison alleging Fleet Farm negligently sold firearms and other charges tied to gun trafficking will proceed to trial, court documents filed Wednesday show.
Jason Philip Filas was previously charged with second-degree murder in the May 7 stabbing that left 32-year-old Danielle Grace Warren dead.
The Hennepin County Medical Examiner's Office is working to identify two men found dead in the Mississippi River in the 1990s, and it needs the public's help.
Authorities say he was the best man at a wedding of around 100 people at Keller Regional Park.
Minnesota regulators have approved the takeover of Minnesota Power by an investment group, despite opposition from the state attorney general and consumer advocates.
Somali-American community activist Omar Jamal will speak on Friday about his time being detained by Immigration and Customs Enforcement and held in a jail in Albert Lea, Minnesota.
The biggest marathon in Minnesota is hitting a major milestone next summer.
Authorities in Austin, Minnesota, are searching for a man who robbed a convenience store at gunpoint on Wednesday.
Did you know that Minnesota is getting older, we are earning less money on average, we are dramatically more diverse, and we are having dramatically fewer babies. In this edition of Talking Points, Esme Murphy spoke with the state demographer.
One person is dead after a shooting in western Wisconsin on Wednesday and two others are injured, including the suspected shooter.
Trollhaugen in Dresser, Wisconsin, piled up a bunch of the white stuff back in March in hopes of using it for their 20th anniversary Rail Jam this weekend.
A conservative Wisconsin appeals court judge announced Wednesday she is running for an open seat on the battleground state's Supreme Court, promising to stop the politicization of the courts after record-high spending in the last race fueled by billionaires Elon Musk and George Soros.
The International Crane Foundation announced Monday that Ducky, an endangered female whooping crane the foundation planned to release into the wilds of Wisconsin this fall, died on Thursday after becoming infected with Highly Pathogenic Avian Influenza, a strain of avian flu.
Madison Bergmann resigned from her position as a fifth-grade teacher at River Crest Elementary School in Hudson, Wisconsin, in May last year after the 11-year-old victim's parents discovered concerning texts between the two.
When the news broke that Milton's would be closing, many longtime patrons were stunned.
Kelly Kunz began what she calls "Street Justice Ministry" months ago, buying a bus and using it to give essentials to those on the streets.
A 90-year-old former network producer is sharing her life lessons in a book, detailing her upbringing from a farm in Minnesota to Manhattan and back.
Love Your Melon began with beanies and a mission to fight childhood cancer. Now, one of its founders is bringing it all back with a bold new vision.
Donald Henson of Penn Hills is facing federal charges of forcibly assaulting, resisting, opposing, impeding, intimidating, or interfering with a governmental officer or employee and damaging government property.
The Minnesota Senate has 33 Democrats, 32 Republicans and two vacancies, while the House is evenly split 67 to 67. Lawmakers say the number of lawmakers on each side of the aisle has forced them to rethink traditional partisan structures.
The Trump administration is cancelling nearly $8 billion in climate projects in more than 12 states, including Minnesota, as part of the federal government shutdown. Caroline Cummings reports on how much the state could lose, and what’s still up in the air.
The plan called for Hamas to return all Israeli hostages and for the Israeli military to begin withdrawing from parts of the Gaza Strip in phases.
President Trump said Friday that he is issuing a Sunday evening deadline for Hamas to agree to a U.S. peace proposal, backed by the Israeli government, to end the war in Gaza.
The 2025 government shutdown stretched into its third day on Friday, with the Senate again failing to advance competing proposals to end the impasse.
A beloved Minnesota brewery that closed its taproom in 2023 and ceased operations completely earlier this year is set to make a return.
Owamni, a decorated Indigenous restaurant that sits along the Mississippi River in Minneapolis, is relocating — but it's not going far.
It's common nowadays to wear something in or over your ears to listen to music, a podcast or talk on the phone. Some people use them for hours on end every single day.
A new initiative is letting people bring open alcoholic drinks onto the streets of Shakopee and inside participating businesses. But it's getting mixed reviews one month in.
Avian influenza has been found in flocks at four more turkey farms in Minnesota, according to animal health officials. This comes mere weeks after officials last reported the spread of the disease.
A lawsuit filed by Minnesota Attorney General Keith Ellison alleging Fleet Farm negligently sold firearms and other charges tied to gun trafficking will proceed to trial, court documents filed Wednesday show.
Iowa's largest school district has said it filed a lawsuit against the consulting company it hired to find superintendent candidates.
Jason Philip Filas was previously charged with second-degree murder in the May 7 stabbing that left 32-year-old Danielle Grace Warren dead.
Authorities say he was the best man at a wedding of around 100 people at Keller Regional Park.
Two people from Roseville each face manslaughter charges after their 15-month-old girl fell from the balcony of their apartment and died earlier this summer.
A man's life was saved at a Hastings, Minnesota, bar, thanks to an off-duty paramedic and an automatic external defibrillator.
Did you know that Minnesota is getting older, we are earning less money on average, we are dramatically more diverse, and we are having dramatically fewer babies. In this edition of Talking Points, Esme Murphy spoke with the state demographer.
Nearly a dozen new cases of measles have been reported this week to the Minnesota Department of Health, which includes one case involving a student at a Minneapolis school.
It's common nowadays to wear something in or over your ears to listen to music, a podcast or talk on the phone. Some people use them for hours on end every single day.
Avian influenza has been found in flocks at four more turkey farms in Minnesota, according to animal health officials. This comes mere weeks after officials last reported the spread of the disease.
Staff at legendary Minneapolis music venues First Avenue and 7th St Entry are mourning the death of Conrad Sverkerson, the clubs' longtime stage manager.
Doctors are warning of a food trend inspired by the popular Netflix movie "KPop Demon Hunters" that is leading to serious burn injuries.
In a city filled with stages, two women saw a glaring absence and turned it into a powerful presence.
The NFL, Apple Music and Roc Nation announced Bad Bunny will lead the 2026 Super Bowl halftime festivities at Levi's Stadium on Feb. 8 in Santa Clara, California.
Selena Gomez married Benny Blanco, the music producer and songwriter to whom she'd been engaged since last year. Gomez shared photos from the ceremony on social media.
The biggest marathon in Minnesota is hitting a major milestone next summer.
Offensive lineman be on alert and be aware. No, you're not blocking the same guy twice.
Alum Mike Gaffron has done a deep dive on the song the band has been playing since 1909.
Two of the league's least effective and most turnover-prone offenses through the first four weeks of this season will take the field at Tottenham Hotspur Stadium when the Minnesota Vikings play the Cleveland Browns.
Vikings quarterback J.J. McCarthy will begin to get "a little bit more active" but won't be rushed back from a sprained right ankle, head coach Kevin O'Connell said Wednesday.
According to Minnesota’s state demographer, the state’s population is getting older. People are also earning less money and having fewer children.
Did you know that Minnesota is getting older, we are earning less money on average, we are dramatically more diverse, and we are having dramatically fewer babies. In this edition of Talking Points, Esme Murphy spoke with the state demographer.
Did you know that Minnesota is getting older, we are earning less money on average, we are dramatically more diverse, and we are having dramatically fewer babies. In Talking Points, Esme Murphy spoke with Susan Brower, the State Demographer, about what's contributing to our declining population.
Medicaid fraud allegations continue to spread in St Paul, Minnesota, as debate over a possible special session on gun control continues.
Esme Murphy looks at the role of a key player on gun control and fraud allegations: House Speaker Lisa Demuth.
In this edition of Finding Minnesota, John Lauritsen takes us to one of the last limestone kilns in the state.
Earlier this month, many students went back to school after summer vacation, but in the town of McGregor, Minnesota it's always the first day of school.
In the United States, there are 13 different towns named Long Beach. The one in Minnesota is the smallest, but it's found a colorful way to stand out.
The Aerial Lift Bridge has been granting safe passage for so long that it's become part of the city's skyline. It's evolved over the years, but many of its original parts are still intact.
There's a cabin that blends into its surroundings so well, you almost can't see it. In Finding Minnesota, John Lauritsen shares the story behind the "Mirror Cabin" near the town of Ironton.
It's common nowadays to wear something in or over your ears to listen to music, a podcast or talk on the phone. Some people use them for hours on end every single day.
Susan-Elizabeth Littlefield finds out if there is "ick" in the licks.
The Twin Cities each have a unique personality, pace, and history. But in the mid-1800s, both were still searching for what to call their communities.
Junk mail has a new meaning nowadays. Rather than filling an actual mailbox, people are getting bombarded with texts and emails they never asked for.
A key ingredient for the quintessential Minnesota hot dish recipe keeps going higher and higher in price, giving people sticker shock at butcher shops and grocery stores.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
WCCO photojournalist Art Phillips shares some personal family photos taken by his father, Arthur Phillips Sr., in Vietnam during his time in service.
The new Minnesota Military and Veterans Museum is under construction just outside of Camp Ripley in Little Falls. Set to open in late 2026, the $40 million, first-of-its-kind project in the nation will be eight times the size of the existing museum. It will honor not only Minnesota's service members and their sacrifices, but the refugee experience as well. Watch and read more in Pauleen Le's series "Vietnam 50 Years Later: Reflections on a War that Changed Minnesota."
The National Weather Service has issued multiple tornado warnings and many more severe thunderstorm warnings throughout wide swaths of southern and central Minnesota Monday afternoon.
The Twin Cities could see record heat this weekend, but a cooldown is on the horizon.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Thousands of Twin Cities marathoners have checked in and are preparing to hit the course.
Summer heat continues into the weekend, with gusty winds on Saturday.
Record warmth and strong winds are on tap for this weekend.
People with disabilities got an unexpected gift from the Minneapolis Fire Department on Friday. Photojournalist Tony Peterson shows how firefighters helped give them a day they’ll never forget.
The city of Minneapolis says it’s seen positive results with a housing program that puts families under a roof. Reg Chapman reports how it’s helping thousands of kids.
The Minnesota Senate has 33 Democrats, 32 Republicans and two vacancies, while the House is evenly split 67 to 67. Lawmakers say the number of lawmakers on each side of the aisle has forced them to rethink traditional partisan structures.
The Trump administration is cancelling nearly $8 billion in climate projects in more than 12 states, including Minnesota, as part of the federal government shutdown. Caroline Cummings reports on how much the state could lose, and what’s still up in the air.
WCCO's Frank Vascellaro and Amelia Santaniello share the latest news headlines and updates from Wednesday afternoon.