LG Electronics to invest $64M for Isle of Wight County factory
Production at LG's first U.S. chiller plant is scheduled to start in the first half...
Economy
Swings in the bond market shake stock markets worldwide, as AI optimism supports Wall Street
Losses in Europe were sharp as bond yields saw a significant jump overnight.
US unemployment claims dip to 197,000, lowest since mid-July
So far this year, claims have mostly stayed below 220,000 — historically low.
Medicaid fraud unit wins $21 million from fraudsters, including in Hampton Roads
An Attorney General’s investigative team last year recovered more than $21 million that fraudsters took...
Most US stocks fall after the bond market cranks the pressure even higher
The better-than-expected data helped Treasury yields pull back a bit.
Inflation cooled slightly last month even as consumers stepped up spending
Inflation remains above the Federal Reserve’s 2% target.
US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate
The overall growth number was dragged down by imports.
‘Tariff-proof’ cooking class teaches informed grocery shopping in Virginia
Between tariffs raising food prices and cuts to federal benefits programs, food affordability has become...
How inflation eats up your household’s income
The typical American has a shrunken margin of error between their income growth and the...
Americans’ view of the economy sinks to the lowest level since 2014, Conference Board survey says
Americans remain flustered by the economy after five years of elevated inflation.
US job openings slipped to 7.1 million in August but labor market remains sturdy
Openings came in below the 7.2 million that forecasters had expected.
Stocks slip on Wall Street as rising Treasury yields pressure the market
Stocks have been under pressure as oil prices swing sharply amid the U.S. war with...
Bond yields crank higher and pull US stocks further from their record
Yields in U.S. bond market again reached highest levels in roughly two decades.
Phillips Corp. set to open an accelerated hands-on-training center in Portsmouth
The new center, operating under Phillips Workforce, aims to help Hampton Roads employers — in...
A reprieve from rising oil prices helps US stocks finish the week higher
Cooldown in oil prices helped release some pressure on Wall Street.
Why bond yields are rising and why everyone should care
Nearly everyone will feel the impact of what’s going on in the bond market.
$180M ship repair and maritime manufacturing investment to bring 400 jobs to Newport News
Gov. Abigail Spanberger approved $4 million in grants for the project.
A shaky day for oil prices and the bond market leaves US stocks not far from where they started
Higher yields in the bond market make borrowing money more expensive for everyone.
Claims for unemployment benefits drop to 197,000, the lowest since mid-July as layoffs remain rare
The American job market has remained sturdy despite higher energy prices.
Proteinmaxxing is reshaping dining — and pushing small restaurants to the brink
Customers’ willingness to pay for extra protein does not mean added profits.
How rural voters are feeling about Trump as the midterms approach, according to a new poll
Costs of groceries, gas and healthcare rank as top pain points for rural voters.
Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
A surprisingly strong report on the economy raised worries about inflation.
Kalahari bets $900M on massive Virginia resort: Here’s what will be inside
What's coming is Virginia's largest indoor water park, a 175,000-square-foot aquatic playground packed with more...
Sentara Health Plans raising premiums by 22.7% in Virginia’s individual market
Sentara Health Plans' planned rate increase is the highest average increase of any carrier that...
Food insecurity soars in Virginia, study shows
Overall, roughly four in 10 Virginia households were food insecure, a huge jump from the...
Wall Street holds near its record after Brent oil falls below $100 per barrel
It’s come down from nearly $110 last week.
Federal Reserve official says inflation persistence led her to support interest rate hike
The comments contradict Fed Chairman Kevin Warsh’s comments last Wednesday.
Wall Street rallies within 0.4% of its record after oil prices and bond yields ease
They benefited from the price for a barrel of Brent oil falling back toward $100.
Norfolk tourism fuels Virginia’s visitor spending with more projects on the horizon
The past year has included a continued growing momentum for the city’s visitor-economy including the...
State Farm begins issuing dividend payments to Virginia customers
The Illinois-based insurer is calling the dividend the largest in its more than 100-year history...
Wall Street drifts lower as bond yields rise and oil prices swing
Higher yields slow the overall economy by making it more expensive for everyone to borrow...
Virginia consumer sentiment plunges as prices erode earnings, survey shows
"Persistent concern about gas and grocery prices, tied to the conflict in the Middle East,...
Why the Federal Reserve is lifting rates now, and what it means
The Fed increases the short-term rate it controls to slow borrowing and spending and ideally...
Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low
The American job market has remained sturdy despite higher gasoline prices.
US stocks rally to their best day in 6 weeks after oil prices and bond yields ease
The Federal Reserve announced its first interest rate hike in three years Wednesday.
Spectrum is rolling out in Hampton Roads after Cox acquisition
No immediate changes are required and Cox customers can maintain what they have unless they...
Amazon increases minimum starting hourly wage for full-time core operations employees
Amazon’s announcement said the pay increase is effective starting Sept. 27.
Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
It's the first rate hike since the summer of 2023.
US stocks slip after the Fed hikes interest rates and hints more increases may be on the way
Investors usually prefer lower interest rates.
Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
The move comes as Americans are already struggling with high costs.
Virginia likely to lose more than 18,000 jobs this year, UVA forecast predicts
The report suggests that most of the job losses came earlier this year, "with conditions...
American incomes finally top pre-pandemic levels, fighting against inflation all the way
The small gain over six-year period helps explain the generally sour mood about the economy.
US stocks slip after oil prices and the bond market crank up the pressure
The Fed will announce its latest decision on interest rates Wednesday.
Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands
A rate increase would throw another sharp shift into a volatile period for the economy.
AI stocks drop, but the rest of Wall Street holds steadier after oil prices give back an early jump
Gains for many stocks outside AI helped limit Wall Street's losses.
New SNAP cards in Virginia have chips
The first cards are going to areas that have experienced high levels of theft, including...
As college graduates fret over finding jobs, a record shortage of workers is projected
Far fewer students are majoring in health care fields than are needed to meet demand.
Diesel tops $6 a gallon in Virginia, as inflation ticks up
Diesel prices topped $6 a gallon in Richmond and other parts of Virginia on Friday, while inflation ticked up...
US 2026 budget gap hits $1.97 trillion with month left to go
Escalating concerns about inflation have sent yields to the highest levels in years this week.
US stocks jump after oil prices ease and inflation update comes in near expectations
Oil prices jumped earlier this week to their highest levels since May.
No relief from inflation as Middle East clashes lifts fuel prices to painful levels
Persistent inflation has presented a major challenge for the inflation-fighters at the Federal Reserve.
Virginia diesel prices hit record high
Diesel fuel prices hit a record high in Virginia and across the United States on Wednesday as the standoff...
Trump wants to send Americans money. Congress and economists don’t seem thrilled with the idea
Economists are voicing concerns about potential effects on inflation and national balance sheet.
Ontario premier hopes Republicans lose House and Senate as Trump trade war escalates
The comments came two days after Washington escalated the trade war.
Oil prices leap to their highest since May and drag Wall Street lower
That’s worsening worries about inflation and cranking up pressure within the bond market.
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
Inflation has shown some signs of easing in recent months but is still high.
US unemployment claims dip to 206,000 as layoffs remain rare
For the past year, claims have mostly stayed within a range of 200,000 to 230,000...
Trump says oil prices that spiked because of Iran war likely won’t come down until after midterms
The war is now in its seventh month.
Stocks fall on Wall Street as oil prices jump back above $100 a barrel after Iran war escalates
The jump in oil prices over the course of the war has fueled already high...
Oil surges above $100 a barrel as US and Iran launch new attacks, while gasoline prices also jump
When oil prices spike, prices of gasoline, diesel and jet fuel also rise.
US banning dairy products, most alcohol and motorcycles from Canada in growing trade war
Rupture especially striking because they have long shared one of the world’s closest relationships.
Oil prices keep rising and weigh on Wall Street
Elevated oil prices give this week’s inflation data even more weight than usual.
Southern Chesapeake former farmland, deemed a megasite, has new owner with new plans
The 4,000 acres will become Praetorian Park, marketed on the company's website as an innovation...
Fewer Americans are working or looking for a job. Experts can’t agree on why
One of the clearest forces pushing participation lower is the aging of the U.S. workforce.
Virginia’s EV market slows as buyers weigh cost, convenience
Industry analysts say the market is still adjusting after the end of federal purchase incentives...
Virginia sports wagering climbed to $609M during July
Sports wagering in Virginia topped $609 million during July, its highest level since April, according to a...
Stocks fall after a surprisingly strong jobs report raises prospects of an interest rate hike
The government reported that U.S. employers added 162,000 jobs to their payrolls last month.
Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the US
Hiring far exceeded the 65,000 forecasters had expected, according to a poll by FactSet.
Will Federal Reserve hike rates later this month? Waller muddies the outlook
The government will release August inflation figures Sept. 11.
Tech stocks lead a rally on Wall Street as bond yields ease some more
Rising oil prices have added to existing inflationary pressures.
Unemployment claims tick up to 206,000 but remain at historically low levels
The four-week average of claims rose modestly to 207,250 last week.
Wall Street rises as tech stocks climb and oil prices, bond yields hold relatively steady
Oil prices held relatively steady as U.S. and Iran intensify attacks against each other.
Why bond yields are rising and why everyone should care
They have a big impact on personal finances and on the broader economy.
Bessent says 19 finance ministers agreed ‘cheap exports’ are unsustainable, but China dissented
Despite concerns about U.S. debt, Bessent downplayed fears about bond markets.
US job openings rise slightly to 7.3 million as labor market remains sturdy despite higher costs
The Labor Department’s Job Openings and Labor Turnover Survey also showed that layoffs fell.
Stocks slip on Wall Street under pressure from higher oil prices and rising bond yields
Technology stocks were the heaviest weights dragging the market lower.
Oil prices rise and stocks fall after US hits Iranian sites in the Strait of Hormuz
Aggressive actions follow a lull in activity in the war, which has lasted more than six...
‘We are here’: Fort Monroe unveils statues depicting arrival of North America’s first enslaved Africans
In a ceremony Saturday the Fort Monroe Authority unveiled a statue of Antoney and Isabella...
Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated
Warsh's remarks don't necessarily signal the central bank will raise rates in September.
The bond market prepares for a hike to interest rates, while US stocks drift lower
Traders upped their bets for the Fed to hike its federal funds rate.
Tech stocks lead Wall Street after Nvidia, Salesforce and others say AI is creating big growth
Elsewhere, though, trends were more mixed across big U.S. companies.
The number of Americans applying for jobless aid slips to 203,000 as layoffs remain low
Companies are reluctant to let go of staff. But they aren’t hiring much either.
New Fed chair Kevin Warsh under pressure to clarify views on inflation, interest rates
So far, many economists and Wall Street investors haven’t been thrilled with his approach.
Trump says the US doesn’t need Canada. America’s economy says otherwise.
The two economies remain deeply intertwined even as Trump escalates a trade war with Canada.
How the U.S. Navy is helping get oil through the Strait of Hormuz
Since May, the U.S. military has played a crucial role in getting millions of barrels...
Wall Street holds mostly steady following the latest update on inflation
Oil prices have been swinging sharply through the summer amid the Iran war.
Key inflation gauge remains elevated during Iran war and ongoing US trade fights
Inflation has worsened since the Iran war began in late February.
US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
The reason for the lackluster growth number was imports.
Canada targets steel, fish and hundreds of other goods as Trump trade war escalates
Canada has pledged to roll out “dollar for dollar” counter-tariffs.
US consumer confidence falls to lowest level in 7 months as gas prices remain elevated
Americans remain frustrated with the economy after five years of elevated inflation.
Falling oil prices help calm the stock and bond markets
The drop came even though tensions between the U.S. and Iran seemed to ratchet higher.
Trump’s trade war with Canada could rattle economies in states with key Senate races
Five states with critical Senate races count Canada as a major trading partner.
What to know about Trump’s tariffs on Canadian goods and rising tensions between once close allies
No further talks between the two countries are scheduled.
Wall Street drifts at the start of a week that could swing stocks and bonds
Longer-term yields eased in the bond market after oil prices dipped.
Google commits $10M to Virginia water stewardship
Google is committing $10 million to water stewardship projects across Virginia, with the first $4.4 million...
Enrollment in SNAP grocery aid is dropping faster than expected
Donald Trump's “big beautiful bill” expanded SNAP work requirements.
US stocks rise, even as the bond market applies more pressure
The bond market remained jumpy Friday.
Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far
Bessent announced Treasury would double the size of a bond buyback program starting next month.
Virginia’s revenues grew $2.1 billion in fiscal year 2026, Spanberger says
Spanberger touted a general revenue fund that increased by $2.1 billion, record investments in public...
The bond market swings back to worries and knocks US stocks lower
The U.S. government’s debt topped $40 trillion on Wednesday.