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Delta adds flights in Austin as airlines compete in thriving hub

Delta Air Lines is expanding its flights at Austin-Bergstrom International Airport in Texas, an increasingly important travel gateway for U.S. carriers. Starting on April 22, 2024, the airline will add 11 new flights at Austin-Bergstrom, including service to Midland-Odessa and McAllen in Texas. Travelers in those cities will have access to nearly 50 nonstop flights to more than a dozen airports across the U.S. where Delta has hubs, as well as to Las Vegas and Orlando, the company said. Delta will also add an extra flight to Cincinnati and Raleigh-Durham, North Carolina. "Austin is growing rapidly, and this 20% increase in capacity…

Are High Taxes Driving People Out of Minnesota?

Are High Taxes Driving People Out of Minnesota? It is a familiar talking point, mostly for Republican office holders and candidates criticizing the level of taxation in Minnesota: Residents — especially those with higher incomes, or who are business owners or entrepreneurs — are fleeing the state for lower-taxed states. “Minnesota is not competitive,” said Rep. Kristin Robbins, R-Maple Grove, after the release of the December state economic and revenue forecast that showed a narrowing revenue surplus. The state’s lowest income tax rate is higher than many states’ highest. The same day, however, Gov. Tim Walz said this: “Mayo Clinic…

Cruise is in danger of becoming GM's latest trendy venture that doesn't pay off

In this article GM Follow your favorite stocks CREATE FREE ACCOUNT Sydney Boyo DETROIT — General Motors ' plans to diversify its business through trendy industries such as ridesharing and other "mobility" ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone from one of GM's greatest business opportunities to a growing liability. Cruise, of which GM owns more than 80%, has confronted a wave of problems and investigations sparked by an Oct. 2…

Fed-fueled mortgage rates decline could break up Twin Cities real estate log jam

After a foul year to be a prospective homebuyer, people could be toasting more than just the new year in 2024. Mortgage rates have fallen for seven-consecutive weeks, and there's fresh speculation the Federal Reserve Bank will lower rates in the coming year . That will likely trigger further declines in mortgage rates at a time when both buyers and sellers are trapped in a standoff: Those who can't find a suitable — or affordable — house vs. those who won't move so as not to lose their pandemic-low rate. "There's pent-up demand," said Sharry Schmid, president of Edina Realty. "People are wanting to sell and buy." This week, the…

Costco sells $100 million in gold bars amid inflation fears

Costco's gold rush is bringing in big bucks. The membership-based wholesale retailer sold an eye-popping $100 million in one-ounce gold bars last quarter, Costco CFO Richard Galanti said Thursday in an earnings call. Amid persistent inflation , consumers are snapping up the gold which previously sold out within hours. The bars, which are currently out of stock, cost between $1,950 and $1,980 this fall . The spot price for gold was more than $2,000 an ounce as of Monday. Gold has traditionally performed well during periods of economic turbulence, earning a reputation as an inflation hedge. Spot gold prices reached a record high of…