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Economic Development

Google could spend $3B building Botetourt data centers

Documents recently filed with the state reveal the scope of the data center campus Google is planning in Botetourt County. On the 312-acre parcel Google purchased at the Botetourt Center at Greenfield industrial park, the California-based tech behemoth plans to build three data center buildings — totaling about 921,000 square feet[...]

An aerial view of the Botetourt Center at Greenfield. Photo courtesy Botetourt County
Money

Wall Street ends down as AI worries slam tech stocks

  Feb 4 (Reuters) - U.S. stocks ended lower on Wednesday, with losses in Advanced Micro Devices, Palantir and other technology companies, as investors worried about pricey valuations and whether Wall Street's AI rally has reached its peak. Alphabet fell ahead of its quarterly results after the bell, which will give investo[...]

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 21, 2026. REUTERS/Brendan McDermid
Real Estate

Beyond Loudoun: Why data centers are seeking new markets

For close to two decades, Loudoun County has dominated not just Virginia’s data center market but the world’s, with 200 data centers in operation and 117 more in the pipeline as of the end of 2025. Prince William County’s 44 data centers and 15 under development also contribute to Northern Virginia’s dominance in the field. Howeve[...]

Tighter regulations, local opposition and less available land have prompted data center developers to seek sites beyond Loudoun’s Data Center Alley. Photo by Will Schermerhorn
For the Record

FOR THE RECORD: February 2026

CENTRAL VIRGINIA Buc-ee’s has pushed the expected opening of its New Kent County travel center to December 2031, a spokesperson confirmed. The Texas-based chain previously expected to open the location, its second in Virginia, in 2027. News of the delay emerged after a December 2025 meeting of the county’s planning commission, where[...]

June 2025 for the record
Money

Heavy earnings week, jobs data to test US stocks after Microsoft swoon

NEW YORK, Jan 30 (Reuters) - Another huge batch of corporate earnings including from megacaps Alphabet and Amazon will test the U.S. stock market in the coming week after a disappointing report from heavyweight Microsoft weighed on equity indexes. Wall Street also will focus on the monthly U.S. jobs report due Feb. 6. This week, t[...]

Wall Street advances with broad gains, tech gains continue
latest news

As Costco rumors swirl, Botetourt OKs agreement

Roanokers have long yearned for a Costco with the kind of monomaniacal obsession Captain Ahab harbors for a singular white whale. For now, the closest Costco Wholesale in Virginia to Roanoke is Harrisonburg, more than 100 miles away. On June 16, 2025, a post in a Roanoke Facebook group speculated that Costco planned to build a[...]

Gateway Crossing site . Map courtesy Botetourt County
latest news

Leidos to lay off 93 workers at Ashburn security operation

Reston-based federal contractor Leidos expects to “temporarily/permanently” lay off 93 employees at an Ashburn operation beginning March 23, according to a notice sent to the state dated Jan. 21. Leidos does not expect to close its facility at 22001 Loudoun County Parkway, according to the notice, which was sent in compliance with[...]

A photo of a Leidos sign and a glass covered building.
Money

S&P 500, Nasdaq slump to one-month lows as Greenland dispute triggers global selloff

Jan 20 (Reuters) - The S&P 500 and Nasdaq Composite dropped to their lowest points in a month on Tuesday, as investors returned from the U.S. long weekend and reacted negatively to fresh tariff threats from President Donald Trump against Europe and renewed volatility in global markets. The risk-off wave, which also pushed the[...]

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 15, 2026. REUTERS/Brendan McDermid
Around The Nation

Alphabet hits $4 trillion valuation as AI refocus lifts sentiment

Jan 12 (Reuters) - Alphabet hit a $4 trillion market valuation on Monday, as the Google parent's sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race. The tech giant on Wednesday surpassed Apple in market capitalization for the first time since 2019[...]

The Google logo is displayed during a press conference in Berlin, Germany, November 11, 2025. REUTERS/Lisi Niesner
Money

Wall Street ends mixed as tech dips, defense stocks rally

Jan 8 (Reuters) - Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipped, while defense companies advanced after President Donald Trump called for an enlarged $1.5 trillion military budget. Nvidia, Broadcom and Microsoft declined. A drop in the S&P 500 technology index left it down about 1% so far in[...]

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 2, 2026. REUTERS/Jeenah Moon
Around The Nation

Hyundai Motor Group plans to deploy humanoid robots at US factory from 2028

LAS VEGAS, Jan 5 (Reuters) - Hyundai Motor Group plans to deploy humanoid robots at its U.S. manufacturing plant in Georgia starting in 2028, marking a step toward automating higher-risk and repetitive manufacturing tasks, the South Korean company said. Hyundai unveiled the production version of the Atlas humanoid robot, developed[...]

Employees of Hyundai Motor Group leave after the company's new year ceremony in Seoul, South Korea, January 2, 2020. REUTERS/Kim Hong-Ji
Around The Nation

Nvidia says next-gen Rubin AI chips in full production

LAS VEGAS, Jan 5 (Reuters) - Nvidia CEO Jensen Huang said on Monday that the company’s next generation of chips is in “full production,” saying they can deliver five times the artificial-intelligence computing of the company’s previous chips when serving up chatbots and other AI apps. In a speech at the Consumer Electronics Show i[...]

Nvidia CEO Jensen Huang holds a new Nvidia GeForce RTX 5090 graphics card and an RTX 5070 laptop as he gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 6, 2025. REUTERS/Steve Marcus
For the Record

FOR THE RECORD: January 2026

CENTRAL VIRGINIA  CleanArc Data Centers is building a $3 billion data center campus in Caroline County. Located in Ruther Glen, the data center campus is expected to create 50 jobs once it’s operating at its full 900-megawatt capacity. CleanArc, a Las Vegas-based hyperscale data center developer and operator, held a groundbreaking f[...]

June 2025 for the record
Top FIve

Top Five: January 2026

1 | University board fight ends; Spanberger to fill 22 seats The legal battle between Gov. Glenn Youngkin and state Senate Democrats over university boards of visitors ended as both sides acknowledged the matter would be made moot by the new General Assembly session and change in gubernatorial administrations. (Dec. 9) 2 | SAIC sha[...]

Top Five December 2024
Around The Nation

Nvidia in talks to buy Israeli AI startup AI21 for $3B

JERUSALEM, Dec 30 (Reuters) - Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday. Nvidia declined to comment, while AI21 was not immediately available to comment. A 2023 funding round valued AI21 at $1.4 billion. Nvidia and Alphabet's[...]

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration
Around The Nation

Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives

Dec 24 (Reuters) - Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet's Google, Groq said in a blog post on Wednesday. The deal follows a familiar pattern in recent years where the world's biggest technology firms pay large sums in deals with promising startups to take their[...]

FILE PHOTO: An NVIDIA logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Around The Nation

Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push

Dec 22 (Reuters) - Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids str[...]

Figurines with computers and smartphones are seen in front of Alphabet logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration
Around The Nation

Trump Media bets on fusion energy with $6 billion TAE deal

Dec 18 (Reuters) - U.S. President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding. The all-stock deal announced on Thursd[...]

The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", in New York City, U.S., March 26, 2024. REUTERS/Shannon Stapleton
Around The Nation

Google works to erode Nvidia’s software advantage with Meta’s help

Dec 17 (Reuters) - Alphabet's Google is working on a new initiative to make its artificial intelligence chips better at running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia's longstanding dominance of the AI computing market, according to people familiar with the matter. The effo[...]

Google works to erode Nvidia’s software advantage with Meta’s help
Around The Nation

Trump Launches $1M ‘Gold Card’ Offering Path to Citizenship

MOUNTAIN VIEW, Calif. (AP) — Robots have long been seen as a bad bet for Silicon Valley investors — too complicated, capital-intensive and “boring, honestly,” says venture capitalist Modar Alaoui. But the commercial boom in artificial intelligence has lit a spark under long-simmering visions to build humanoid robots that can move[...]

Trump Launches $1M ‘Gold Card’ Offering Path to Citizenship
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