GF Business News
Doug Barrett | May 25, 2019 AT 6:43 pm
The New York Federal Reserve estimates that the Trump administration's latest round of tariff hikes on Chinese goods will cost the typical U.S. household $831 a year. President Donald Trump has imposed 25% tariffs on $250 billion in Chinese imports. The tariffs were raised from 10% after trade talks stalled earlier this month.
A self-driving truck company has partnered with the U.S. Postal Service to test autonomous technology on the long-haul route between Phoenix and Dallas. TuSimple says a safety engineer and driver will be on board to monitor the trucks during the two-week pilot program. The trucks use a camera system allowing the vehicles to view about 3,280 feet (1,000 meters) ahead.
Home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors says that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month. The sales decline is entirely concentrated in homes worth less than $250,000, a likely reflection of a shortage of properties at those price points being listed for sale.
An aggressive campaign at Target to let customers do more online is paying off. The retailer on Wednesday exceeded first quarter expectations on just about every level, saying the same day services it's rolled out in recent years drove more than 25 percent of comparable sales growth.
The retail store Gordman’s presented Central High School this week with a one-thousand dollar check to benefit students in Grand Forks. The donation was part of a Grand Tour Celebration Event taking place at all stores across the country. In the past year Stage Stores has opened 48 Gordmans stores with 36 additional stores planned this summer. By the end of 2019 there will be over 150 Gordmans across the country.
Job Service North Dakota is hosting its annual 2nd Chance Job fair in Grand Forks…Bismarck…and Fargo on June 6th. The job fair targets jobseekers who may have barriers to employment that include: homelessness…a criminal record…receiving government assistance…employment gaps…or persons with a disability. The job fair helps educate employers about the benefits of hiring this target group.
The Board of Trustees of the Minnesota State Colleges and Universities has named Bill Maki to serve as interim vice chancellor for finance and facilities. The two-year appointment becomes effective July 1, 2019. Previously, he served both Bemidji State University and Northwest Technical College as vice president of finance and administration from 2004 to 2015.
A poll by The Associated Press-NORC Center for Public Affairs Research says about half of Americans think there's age discrimination in the workplace. But there's a split by age. The poll finds 60% of adults age 60 and over say older workers in the U.S. are always or often discriminated against. Among adults younger than 45, it's 43%.
The Village Company initiated a voluntary nationwide recall of the 22-ounce La Bella Extreme Sport Styling Gel. Four lots failed micro testing due to bacterial contamination. The Minnesota-based Company has not received any reports from consumers related to this recall.