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ECONOMY

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The TEENS Act would expand workable hours for affected teenagers to span from 7 a.m. until 9 p.m., as well as increase the number of workable hours during a school week to 24.
As Minnesota's territorial population exploded in the mid-1800s, workers began organizing and unionizing to fight for their rights, though it sometimes turned deadly.
New job numbers from the Minnesota Department of Employment and Economic Development show seasonally-adjusted unemployment held at 1.8% in July, holding at an all-time low reached in June.
The president will also call on states to temporarily suspend state fuel taxes, which are often higher than federal rates, and he will challenge major oil companies to bring back idled refining capacity.
Particularly galling to the White House is the jump in industry stock buybacks, returning to investors profits that the administration wants invested in more refining capacity to bring gasoline prices down.
May’s rate is the lowest rate reported since the state started tracking the metric in 1976, according to the Department of Employment and Economic Development. Construction posted the strongest gains.

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More than a year later, price increases at 40-year peaks have proven to be anything but, so much so that the Fed this week appears ready to hike interest rates by the most since 1994 to quell them.
A hotter-than-expected inflation reading has even thrown some doubt on expectations.
Biden's plan to unveil a package to spur recovery in Latin America, help stem immigration and counter China's growing regional economic clout has been marred by Washington's decision to exclude Cuba, Venezuela and Nicaragua from the summit.

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