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News

Finance & Commerce
finance-commerce.com

U.S. homebuilding falls to lowest level since 2022

1+ hour, 34+ min ago   (743+ words) U.S. single-family homebuilding fell sharply in July to the lowest in more than three-and-a-half-years and contract signings for purchases of existing homes also slid in the latest signal that the housing market remains under pressure from higher mortgage rates and economic…...

Finance & Commerce
finance-commerce.com

How startups avoid legal snags setting up shop in Minnesota

1+ hour, 39+ min ago   (823+ words) Dan Heilman//August 18, 2026// While the state doesn’t generally lead the way in the number of startup formations, attorneys who work with entrepreneurs say that, in general, getting one going doesn’t involve jumping through a lot more hoops than it does…...

Finance & Commerce
finance-commerce.com

Just Sold: Chase pays $4M for Bloomington site

1+ hour, 29+ min ago   (467+ words) Chase Real Estate Inc. plans to build a 270-unit apartment building on a site at 7900 Xerxes Ave. S. and 3400 American Blvd. W. in Bloomington. (Rendering: Collage Architects) Editor’s note: “Just Sold” is a Finance & Commerce feature based on the newest certificates of…...

Finance & Commerce
finance-commerce.com

Canada braces for 50% US tariffs, with negotiators far apart

1+ day, 1+ hour ago   (732+ words) By Promit Mukherjee and Ed White, Reuters//August 17, 2026// OTTAWA, Ontario — Canada faces a new round of 50% U.S. tariffs this week that businesses said could cause job losses in some already struggling industries, while complicating broader negotiations over the future of…...

Finance & Commerce
finance-commerce.com

Justices uphold receiver immunity in restaurant foreclosure

1+ day, 1+ hour ago   (269+ words) Laura Brown//August 17, 2026// Seven Steakhouse and Sushi opened in 2007 at 700 Hennepin Ave. It leased the building from 700 Hennepin Holdings LLC. The relationship deteriorated in 2018 after the building’s roof began leaking. According to Seven, the landlord failed to make adequate repairs. As…...

Finance & Commerce
finance-commerce.com

Opus sells Twin Cities warehouses for $40.6 million

1+ day, 1+ hour ago   (481+ words) Brian Johnson//August 17, 2026// Minnetonka-based Opus Development Co. has sold two recently built industrial properties — one in Apple Valley and another in Dayton — to a Canadian real estate powerhouse for a combined $40.6 million. The 112,325-square-foot Apple Valley building at 6175 147th St. W....

Finance & Commerce
finance-commerce.com

Minnesota home sales rise as inventory grows in July

1+ day, 1+ hour ago   (373+ words) Brian Johnson//August 17, 2026// Sales of new and existing homes throughout Minnesota are picking up steam as inventory levels rise, while prices continue to tick up in the Twin Cities and beyond. Statewide in July, new listings jumped 9.1%, pending sales rose…...

Finance & Commerce
finance-commerce.com

Fed expected to hold rates steady through year-end

1+ day, 1+ hour ago   (584+ words) By Indradip Ghosh, Reuters//August 17, 2026// BENGALURU – The Federal Reserve will keep its key interest rate unchanged next month and through the end of the year according to most economists in a Reuters poll, a view they have held for the…...

Finance & Commerce
finance-commerce.com

Retail sales post first decline in nine months in July

4+ day, 3+ hour ago   (527+ words) By Lucia Mutikani, Reuters//August 14, 2026// WASHINGTON — U.S. retail sales fell in July for the first time in nine months as the boost from big tax refunds faded, suggesting a marked slowdown in consumer spending at the start of the third…...

Finance & Commerce
finance-commerce.com

Fed may hold rates amid cooling inflation, jobs data

4+ day, 3+ hour ago   (785+ words) By Howard Schneider and Ann Saphir, Reuters//August 14, 2026// GREENVILLE, South Carolina — Kevin Warsh took over as head of the Federal Reserve in May with monetary policy at a crossroads, officials divided over whether they would need to hike interest rates…...