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ASRC Federal...

ASRC Federal names new CEO, as Felix steps down

ASRC Federal, the Reston-based federal contractor and subsidiary of Arctic Slope Regional, has a new president and CEO, Mike Manzo.

Youngkin takes...

Youngkin takes chairman role at Red Cell Partners

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richmond-west-office

Cary Street Partners acquires Richmond wealth management firm

Richmond-based Cary Street Partners said Tuesday it has acquired fellow wealth management firm Seneca House Advisors.

Industries

Signage is seen outside a Capital One Bank in Manhattan, New York

Capital One defeats lawsuit alleging excessive credit card rates

Capital One defeated a class-action lawsuit in Maryland federal court over alleged excessive credit card interest rates charged in Virginia.

Real Estate

rental contract

Attorney general’s office secures landmark settlement with discriminatory landlord

Virginia Attorney General Jay Jones secured a $2.25 million settlement from landlord David Merryman for discriminatory housing practices in Hampton Roads.

Money

FILE PHOTO: Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City

Wall Street ends higher on chip stocks recovery; earnings draw focus

Wall Street's main indexes rose as semiconductor stocks rallied sharply, shifting focus to upcoming tech earnings from Alphabet, Intel, and Texas Instruments.

Government

Special Operations Forces (SOF) Week, in Tampa

Northrop Grumman raises 2026 forecasts on strong weapons demand

Northrop Grumman raised its 2026 sales and profit forecasts driven by strong weapons demand amid geopolitical conflicts and expanded production capacity.

People

Peraton’-new-CFO-Salim-Omar

Peraton promotes acting CFO to permanent role

Peraton announced Wednesday that acting Chief Financial Officer Salim Omar has been named the company's permanent CFO, effective June 20.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

Virginia Top Projects & Real Estate Deals

July 28th, 2026 - 5:30 PM

Top Projects is an annual recognition program honoring the most outstanding building and construction projects completed across Virginia ove[...]

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

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

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

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Around The Nation

Judge orders Paramount to temporarily pause Warner Bros. acquisition

Fed rate-hike voices swell before July decision, rates still seen on hold

Meta, Anthropic in talks for potential $10B compute lease deal, NYT reports

Apple unseats Nvidia to become world’s most valuable company as AI bets shift

Truth Social to sell banks ‘fastest’ access to Trump’s posts

Trump’s teleprompter operator under CFTC probe over potential insider trading, sources say

UnitedHealth regains earnings momentum, shares surge

Fed’s Cook says she is prepared to act soon if inflation does not begin to slow

FILE PHOTO: Amazon logo outside an Amazon warehouse in Manchester

Amazon cuts jobs in its artificial general intelligence group

Amazon reduces staff in its artificial general intelligence group as part of ongoing company-wide job cuts to focus on key AI initiatives.

Illustration shows AMD logo

AMD to invest up to $5B in Anthropic; AI startup to buy up to 2 GW of chips

AMD will invest up to $5 billion in AI startup Anthropic, which will buy up to 2 gigawatts of AMD's latest AI chips starting in 2027.

Operations at Airankol oil field in western Kazakhstan

Oil prices rise to five-week high on US-Iran attacks, Houthi blockade threat

Oil prices climbed to a five-week high amid US-Iran attacks and a threatened naval blockade of Saudi Arabia by Yemen's Houthis, raising supply disruption concerns.

Canada hosts the G7 Leaders’ Summit

Carney says he and Trump agreed to intensify trade talks

Canadian Prime Minister Mark Carney and U.S. President Donald Trump agreed to intensify trade negotiations amid tariff threats.

Boeing Facility in Renton, Washington

FAA restores Boeing authority to certify 737 MAX, 787 planes

The FAA has restored Boeing's authority to issue airworthiness certificates for 737 MAX and 787 airplanes, marking a key step as production ramps up.

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Opinion

Are your best people leaving over money — or this?

Maritime and logistics can lift the commonwealth

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Bridging the workplace soft-skills gap across generations

Depositphotos

Virginia’s new pay law requires a number — not the truth

Virginia’s new pay transparency law requires employers to post salary ranges but may not ensure those numbers reflect realistic pay for applicants.

Jaime-Raul-Zepeda

“AI won’t take your job” and other things CEOs say before the layoffs

Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

Haymore_Todd

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

Crutchfield_Bill

Commentary: Entrepreneurs, think creatively

Bill Crutchfield, founder of Crutchfield Corp. in Charlottesville, shares how unconventional thinking drove his company's success.

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