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Virginia Beach distributor to close, laying off 104 workers
Virginia Beach-based Atlantic Dominion Distributors is set to close in September, laying off 104 people.
Industries
Virginia expands rural broadband with fiber focus
A student in class on a snow day. An elderly couple checking in with their doctor instead of driving to an office. A dairy farmer coordinating automatic milking machines hooked up to cows. All three examples include a commonality in today’s increasingly digital world: internet access. “It’s quality of life, it’s work, it is health […]
Real Estate
Virginia logistics space squeezed by data center boom
After the COVID-19 pandemic struck, Virginia experienced a surge in demand for warehousing and distribution space driven by consumers shifting to the convenience of online shopping. In 2022, at the height of this boom, developers responded by rapidly adding new supply, with Richmond and Hampton Roads seeing dramatic increases in development of industrial spaces like […]
Money
Stocks rebound after jobs report, rate cut hopes rise
U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street. The S&P 500 jumped 1.1% in midday trading to claw back more than two thirds of Friday’s drop. The Dow Jones Industrial Average was up 426 […]
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