Crain's Cleveland Business

1 day ago | crainscleveland.com | Alexandra Golden

Gordon Square is gaining a new coffee shop to keep residents caffeinated. Zach Burkhart will open Atmos Coffee at 5509 Detroit Ave. later this summer, though no specific date has been set. “When I was thinking about the whole concept of the coffee shop, the thing that I kept going back to is that it's a space for people to come together or to work independently, but a place where they can feel welcome and spend time and feel comfortable,” Burkhart said.

2 days ago | crainscleveland.com | Joseph Deaux |Joe Deaux |Jennifer A. Dlouhy |Eric Martin

Trade negotiations between the US and Mexico are homing in on a possible quota system to reduce tariffs on a certain volume of steel imports, a move seen as assuaging concerns of American manufacturers of the metal. The developing framework, described by people familiar with the talks, would alleviate crushing duties for some of the Mexican steel imports that US automakers and other industries have described as essential.

3 days ago | crainscleveland.com | Alexandra Golden

Cordelia owners Andrew Watts and chef Vinnie Cimino will open a new restaurant in Cleveland’s Hingetown neighborhood this fall. "This new restaurant will be an extension of who we are as culinary professionals,” Cimino said in a press release. “We're excited to build on the success of Cordelia, but in a hyper-intentional way, focusing on what we love most — the sourcing, the storytelling, the purpose behind every dish.” The new restaurant will open at 2912 Church Ave.

3 days ago | crainscleveland.com | Alexandra Golden

Cleveland Restaurant Management Group’s portfolio continues to grow with the opening of Rewind Diner, a 1950s-themed diner at 6850 Biddulph Road in BrooklynThe restaurant opens on June 25 within the Biddulph Plaza Shopping Center in the former Steve’s Diner space. “Brooklyn is such a cool area,” said Martin Moran, vice president of operations at CRMG. “We wanted to be part of it.”  “We have always been fascinated by classic American diners,” Moran said in an email to Crain’s.

3 days ago | crainscleveland.com | Jonnelle Marte

Federal Reserve Bank of Cleveland President Beth Hammack said that interest rates are only modestly restrictive and that officials may hold borrowing costs steady for some time. Hammack said Tuesday the Fed still has “some distance to go” before it reaches its inflation target, despite recent progress. She also said official readings are backward-looking and may not fully capture current developments, including a recent increase in oil prices that threatens to boost inflation expectations.