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June 28, 2023

Cleveland Business News

News

Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?

The economy keeps managing to grow. And so does the belief among some economists that the United States might actually achieve an elusive “soft landing,” in which growth slows but households and businesses spend enough to avoid a full-blown recession.

By Associated Press

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Business

Farmers markets found a niche during the pandemic as an outdoor place to shop, and customers are still coming

The USDA says there are more than 8,600 farmers markets across the country. That's up from less than 2,000 registered in 1994, according to the Farmers Market Coalition.

By Robert Higgs, cleveland.com

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Subscriber Exclusive

Cleveland Cold Storage slated to open in October, among first new businesses on Opportunity Corridor

A much-anticipated cold storage facility in Cleveland is almost ready to open, which would make it one of the first businesses to open on Opportunity Corridor.

By Sean McDonnell, cleveland.com

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Subscriber Exclusive

Former top official at Geis Cos. sentenced for embezzling, laundering $1 million from company

Former Geis Cos. official Michael Harman was sentenced to three years and seven months in prison for embezzling $1 million from the company.

By Adam Ferrise, cleveland.com

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Us News

Your $2 bill could be worth thousands; What to look for

Even newer $2 bills can have a hefty value. A bill released in 2003 that sold at auction in 2022 for $2,400 is estimated to be worth $6,000 today.

By Robert Higgs, cleveland.com

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News

Lordstown Motors files for Chapter 11 bankruptcy protection

Electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.

By Associated Press

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