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March 20, 2023

Cleveland Business News

News

Drilling in state parks: Republicans hope it can fuel a tax cut, but environmentalists fear the worst

Ohio Senate President Matt Huffman is looking to oil and gas production on state reserves to help replace lost state revenue that would result from income tax cuts that the legislature is eyeing.

By Laura Hancock, cleveland.com

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Business

Ford recalling 1.5 million vehicles for issues with brakes, wipers; Is your car on list?

The larger of Ford's two recalls involves nearly 1.3 million mid-sized Fords and Lincolns that could have leaky brake lines. The other recall involves about 250,000 F-150 pickup trucks that may have faulty wipers.

By Robert Higgs, cleveland.com

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Business

Closing out a down week: Why are stock prices so turbulent for KeyBank, Huntington and PNC after the collapse of 2 other banks?

Some of the largest banks that do business in Greater Cleveland — KeyBank, PNC, Fifth-Third and Huntington Bank — saw their stock prices dip anywhere 9% to 26% in the past week.

By Sean McDonnell, cleveland.com

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Business

After decades of teasing, Volkswagen’s ID.Buzz hits the streets

Overall, it feels fun, something you can’t typically say about minivans.

By Tribune News Service

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Business

Executive at AI company that created ChatGPT warns controls may be needed to prevent abuse, cyberattacks

Sam Altman, CEO of OpenAI, says AI programs could be among the greatest technological breakthroughs in history, but there also is a need to have checks in place to prevent abuse.

By Robert Higgs, cleveland.com

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News

When will the car market return to normal?

The car market is seeing a slow downward trickle in prices, but they largely remain higher than pre-pandemic levels.

By NerdWallet

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