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US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks

The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and renewing hopes for a long-term deal.

CoStar Group Inc. plans to add 750,000 more square feet to its holdings in Richmond, adding an estimated 2,000 jobs. Rendering courtesy CoStar Group Inc.

CoStar to purchase Australian property listings platform for $1.9B

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Tyto Athene acquires StackArmor to boost cyber compliance, cloud capabilities

Tyto Athene acquired StackArmor to expand its cyber compliance and cloud capabilities for government clients.

Industries

ServicePower acquires French tech company

McLean-based field service management software company ServicePower announced last week it had acquired France-based technology company Inveniam.

Real Estate

Homes.com retains No. 2 ranking among US real estate portals

Homes.com averaged 104M monthly visitors in Q1 2025, ranking No. 2 among U.S. real estate portals, according to CoStar Group’s latest earnings call.

Money

S&P 500 surges 2.7% after the U.S. and China announce a 90-truce in their trade war

NEW YORK (AP) — Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on U.S. store shelves. The S&P 500 was 2.7% higher in early […]

Government

Color-coded map shows the distribution of this week’s continued claims in Virginia’s counties and cities. Map courtesy Virginia Works

Virginia unemployment claims rise amid federal layoffs

Virginia jobless claims rose in early May, with experts citing federal spending cuts, tariffs and contract reductions as key factors in the surge.

People

Lynchburg-based BWX Technologies has named Chief Accounting Officer Mike T. Fitzgerald as the interim CFO. Photo courtesy BWX Technologies

BWXT CFO steps down

Lynchburg-based nuclear components and fuel supplier manufacturer BWX Technologies announced that Robb A. LeMasters has stepped down from his position as executive vice president and chief financial officer. The company also announced that it has named chief accounting officer Mike T. Fitzgerald as the interim CFO.

Healthcare

BTM Business Connect

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

Unanet today announced it has acquired Contraqer, a leading provider of market intelligence and procurement software for government contractors. With Contraqer, Unanet adds to its robust growth suite of solutions that help GovCons identify, solicit, manage, and win more business. According to Unanet’s most recent GAUGE Report, 45% of GovCons cite lack of business development […]

Movers & Shakers

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C-Suite Awards

June 5th, 2025 - 11:30 AM

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

Women In Leadership

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The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

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Around The Nation

As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims

Two dolls instead of 30? Toys become the latest symbol of Trump’s trade war

Air traffic controllers for Newark airport briefly lose radar access again

Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year

Democrats block stablecoin bill as they raise concerns about Trump’s crypto ventures

‘Hands tied’: Athletes left in dark as NCAA settlement leaves murky future for nonrevenue sports

Trump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain

Fed holds interest rate at 4.3% amid tariff and inflation uncertainty

Trader Americo Brunetti works on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)

Dow jumps 900 and S&P 500 climbs 2.4% following a 90-day truce in the US-China trade war

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down most of its tariffs against the other, which economists warned could start a recession and create shortages on U.S. store shelves.

Switzerland's Economy Minister Federal Councillor Guy Parmelin, left, shakes hands with Chinese Vice Premier He Lifeng, right, next to Switzerland's President Karin Keller-Sutter, center, during a bilateral meeting between Switzerland and China, in Geneva, Switzerland, on Friday, May 9, 2025. (Martial Trezzini/Keystone via AP, Pool)

Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope

U.S. and Chinese officials meet in Geneva to ease a growing tariff war, with global trade and economic stability hanging in the balance.

FILE - Travelers check American Airlines flight information screens for their flight status at O'Hare International Airport in Chicago, Wednesday, Feb. 22, 2023. (AP photo/Nam Y. Huh, File)

More warning signs emerge for US travel industry as summer nears

Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.

FILE - President Donald Trump speaks at an education event and executive order signing in the East Room of the White House in Washington, March 20, 2025. (AP Photo/Jose Luis Magana, File)

Judge pauses much of Trump administration’s massive downsizing of federal agencies

A judge blocked the Trump administration’s sweeping federal job cuts, ruling that major agency reductions require congressional cooperation.

An offshore wind project for New York may be abandoned over Trump administration delays

Equinor warns it may scrap Empire Wind after Trump halts work; $2.5B project in jeopardy as construction pause costs up to $50M weekly.

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Opinion

Our View: Trump charts chaotic course in trade wars

Constructing change

Why let Big Tech destroy our climate?

Our View: Making Virginia grate again

Best at Work Insights: Employees’ happiness is overrated

Trump-led DEI crackdown may leave glass ceilings intact

Return to uncertainty

What a difference a debate makes

Tanveer Kathawalla, founder and managing partner of Pioneer1890, based in Alexandria. Photo courtesy Tanveer Kathawalla

I voted for Trump. His tariff exclusions don’t reflect conservative strength

Alexandria business founder Tanveer Kathawalla writes in an op-ed that President Donald Trump's tariffs project decline and harm industry and the nation's ability to reduce federal debt.

Mary Baldwin University President Jeff Stein. Photo courtesy MBU

Getting full value out of college from day one

Mary Baldwin University's president writes in an op-ed that for too long, the traditional college model has delayed the real payoff — deferring meaningful mentorship, skills-building and career direction until a student’s final semesters.

Ocean freight outlook 2025: tariffs, crisis fuel chaos

Ocean freight faces uncertainty in 2025 due to Red Sea crisis, U.S.-China tariffs, and overcapacity from new vessels and shifting port strategies.

Elon Musk’s memo exposes a trust crisis in leadership

Musk’s memo sparked debate, but the real issue isn’t accountability — it’s a lack of trust, clarity, and communication in modern workplace culture.

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)

Trump’s tariffs echo Hoover-era economic missteps

Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.

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