Business & Economy | WOSU Radio

Business & Economy

President Trump says the U.S. and China are close to striking a mini trade agreement. But he offered no guarantees.

In a speech to the Economic Club of New York on Tuesday, Trump downplayed the cost of his trade war, which has hurt farm exports and contributed to a slowdown in the U.S. manufacturing sector.

"The real cost would be if we did nothing," he said.

Trump offered few clues about the status of trade talks except to say, "We're close."

Michael Kilgore / Flickr

The last seven Kmarts in Ohio are finally closing, which experts say should serve as a sign to other retailers about what they need to do to stay competitive.

The GM plant in Lordstown, Ohio, closed in 2019 as part of a massive company restructuring.
Tony Dejak / Associated Press

General Motors is selling a massive assembly plant it shut down earlier this year in Lordstown, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020.

Google broke ground on a new $600 million data center in New Albany, a central Ohio suburb. The data center is expected to generate about 50 jobs within the next few years.

A report from the Commerce Department finds manufacturing’s share of U.S. gross domestic product (GDP) has shrunk to its lowest level in 72 years. Manufacturing made up 11% of GDP in the second quarter. It hasn’t been that small since 1947 and rose to a quarter of the overall economy in the 1960s.   

But an industry advocacy organization says manufacturing remains a central driver of Ohio’s economy. Matthew Fieldman is the vice president of external affairs for the Manufacturing Advocacy and Growth Network (MAGNET) and says the sector is thriving here.   

Updated at 2:22 p.m. ET

President Trump is counting on a strong economy to help him win reelection next year. But new numbers from the Commerce Department show the economy lost steam during the summer and early fall.

Small to mid-size businesses in Northeast Ohio will soon have access to expertise that can help them grow.

The London Stock Exchange Group’s Elite Initiative has chosen Cleveland for its first North American headquarters.

It’s not the company’s first foray into Ohio. They worked with the city of Athens and nine Southeast Ohio companies last year in their first U.S. venture.  

Deb Janik is senior vice president of Real Estate and Business Development at Greater Cleveland Partnership.

If you often hit that midafternoon slump and feel drowsy at your desk, you're not alone. The number of working Americans who get less than seven hours of sleep a night is on the rise.

And the people hardest hit when it comes to sleep deprivation are those we depend on the most for our health and safety: police and health care workers, along with those in the transportation field, such as truck drivers.

In this Sept. 16, 2019, file photo a picketer carries sign at one of the gates outside the closed General Motors automobile assembly plant in Lordstown, Ohio.
Keith Srakocic / AP

If they can close our plant, they can close yours, too.

That's the message from workers at three shuttered General Motors factories that didn't get new products under the tentative contract agreement reached last week between GM and the United Auto Workers, who have been on strike against the company across the U.S. for over six weeks now.

An electrician apprentice works on a circuit box
WOSU Public Media

Officials in Grove City say they've started a job training reimbursement program that’s the first of its kind in the country.

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