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July 7, 2022

Normandale Lake Office Park, Twin Cities' biggest office complex, has been sold to NY investors
The price for Normandale Lake Office Park in Bloomington wasn't immediately disclosed, but it went for $370 million when it last sold in 2014.... Read More

Allina selects site for $150 million replacement hospital in Cambridge, Minn.
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Higher gas prices hurt pockets, make small dent in emissions
As Congress and now the Supreme Court stymie the Biden administration's efforts to curb climate change, one thing the president doesn't want - sky high gas prices - actually is nibbling away at emissions of heat-trapping gas. ... Read More

US stocks gain ground while bond market signals caution
Stocks rose broadly in afternoon trading Thursday, putting major indexes on track for a week of gains.... Read More

Average long-term US mortgage rates retreat this week
Average long-term U.S. mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing rate in its ongoing battle to bring down inflation.... Read More

U.S. jobless claims rise to 235k, most in nearly six months
More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months.... Read More

Wall Street expects inflation squeeze on 2Q earnings
Inflation tightened its grip on businesses and consumers during the second quarter and investors expect to see a dent in the latest round of corporate earnings.... Read More

Venting on Facebook costs angry Minnesota beekeeper $370,000
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Retailers scale back hiring as worry about a slowdown grows
After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America's retailers are starting to temper their recruiting.... Read More

EU decision on natural gas could threaten climate progress
The European Union's decision to include natural gas in a list of activities considered sustainable could derail its progress in reducing greenhouse gas emissions at a time when climate scientists are calling for dramatic reductions to planet-warming releases.... Read More

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