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Economy

Gateway North set to open fall 2027

Trader Joe’s is currently targeting an opening between mid-October and November of this year.

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Latest in Economy
There’s one issue where Republicans and Democrats are unified before the midterms, a new poll finds

A new AP-NORC poll shows Americans are growing more concerned about the environmental impacts of AI.

Trump’s trade war with Canada could rattle economy in Ohio, other states with key Senate races

Ohio exports a number of goods to Canada and the tariffs could become an issue locally in the Buckeye State.

The city that created Rock ‘n’ Roll: Cleveland faces challenges keeping music venues alive

The community that built Cleveland's music scene remains remarkably resilient. The question facing local leaders, venue operators and musicians is whether resilience alone is enough.

Federal Reserve votes 9-3 to leave key rate unchanged despite persistently high inflation

Dissenting in favor of a quarter-point interest rate hike were Beth Hammack, president of the Federal Reserve Bank of Cleveland; Neel Kashkari, president of the Minneapolis Fed; and Lorie Logan, president of the Dallas Fed.

Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation

Beth Hammack, president of the Cleveland Fed, said in a post on LinkedIn earlier this month that for the first time she is hearing business leaders call for higher rates.

Coffee industry struggles pour into Northeast Ohio

Effects of climate change, civil and international unrest and inflation are driving up production costs, making it especially hard for specialty producers.

Ohio suspends data center tax break as tech firms face pressure to pay the cost to power AI

Ohio is suspending a tax break that has been critical to its competition with other states to attract the massive new facilities that power and train artificial intelligence chatbots.

Power pause: What the proposed one-year ban on new data center permits means in Cleveland

Some feel the push to build new data centers is reckless and needs to be examined. Others feel slowing the growth of the industry is a mistake.

Memorial Day: Higher fuel prices have some Americans scaling back their travel plans

The nonprofit Institute on Taxation and Economic Policy estimates that Americans will collectively spend an extra $3.5 billion on gasoline this long weekend. The latest consumer price index showed airfares were 20.7% higher in April than a year earlier. Some travelers are opting for shorter getaways, closer destinations and low-cost activities like hiking.

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