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Carilion Clinic...

Carilion Clinic raises $96M for cancer center

Carilion Clinic is counting on public support to reach its $100 million goal to build a six-story cancer center in Roanoke.

Emerson to...

Emerson to lay off 87 workers in Charlottesville

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A rendering of Commonwealth Fusion Systems' planned facility in Chesterfield County. Image courtesy CFS.

Google agrees to buy power from planned Chesterfield fusion plant

Google inks deal to buy power from CFS’ planned grid-scale commercial fusion plant in Chesterfield, expected to be the first of its kind.

Industries

Data Centers

Nvidia-backed AI startup to curb hungry data centers’ appetite for power

Startup Emerald AI plans to use software that will help AI data centers adjust their energy consumption, avoiding strain on the grid.

Real Estate

Average long-term US mortgage rate falls to 6.67%, the lowest level since early April

Average long-term US mortgage rate falls to 6.67%, the lowest level since early April

NEW YORK (AP) — The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year […]

Money

US stocks tick higher and yields leap as Wall Street sees little chance for a July rate cut (UPDATED)

US stocks tick higher and yields leap as Wall Street sees little chance for a July rate cut (UPDATED)

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are climbing further into record heights on Thursday after a report showed the U.S. job market looks stronger than Wall Street expected. The S&P 500 was up 0.8% in midday trading and on track to set an all-time high for the fourth […]

Government

cybersecurity art

Parsons acquires CTI for $89M

Parsons announced Tuesday that it has acquired Maryland-based Chesapeake Technology International for $89 million.

People

A man wears a navy blue blazer and a green tie.

Dominion promotes Baine to EVP of utility operations

Edward H. “Ed” Baine is being promoted to executive vice president of utility operations for Dominion Energy.

Healthcare

BTM Business Connect

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

2025 GAUGE Report Reveals Keys to GovCon Performance and Resilience

Unanet, a leading provider of ERP and CRM solutions for government contractors (GovCons), and CohnReznick LLP have released the 2025 GAUGE Report revealing timely insights into how GovCons are improving resource planning and program execution, as well as utilization metrics, to stay competitive in today’s dynamic federal contracting market. “When we team up to publish […]

Movers & Shakers

EVENTS

C-Suite Awards

Details coming soon!

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

Forty Under 40

Details coming soon!

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

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[...]

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Around The Nation

Microsoft Begins Second Round of Mass Layoffs

Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie

Senate strikes AI provision from GOP bill after uproar from the states

US job openings in May hit 7.8 million in a continuing display of labor market resilience

Trump ramps up attacks on the Federal Reserve but Powell sticks to ‘wait and see’ stance

HPE settles DOJ suit over $14B Juniper deal

Judge blocks Job Corps shutdown amid legal challenge

Pringles maker Kellanova’s shares rise after US regulators approve its proposed merger with Mars

Trump signs tax cut bill at July 4 White House event

Trump signs tax cut bill at July 4 White House event

WASHINGTON (AP) — President Donald Trump signed his package of tax breaks and spending cuts into law Friday after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy. Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation outside the White […]

House passes Trump’s $4.5T tax cut and spending bill

House passes Trump’s $4.5T tax cut and spending bill

WASHINGTON (AP) — House Republicans propelled President Donald Trump’s big trillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline. The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democrats […]

The US labor market continues to surprise and the unemployment rate, against the odds, is falling

The US labor market continues to surprise and the unemployment rate, against the odds, is falling

U.S. employers added 147,000 jobs in June as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump’s economic policies. The unemployment rate ticked down to 4.1% from 4.2% in May, the Labor Department said Thursday. Hiring rose modestly from a revised 144,000 in May and beat economists expectations of fewer […]

Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection

Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. “After a thorough evaluation […]

Analysis shows Trump’s tariffs would cost US employers $82.3 billion

Analysis shows Trump’s tariffs would cost US employers $82.3 billion

WASHINGTON (AP) — An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans, a sum that could potentially be managed through price hikes, layoffs, hiring freezes or lower profit margins. The analysis by the JPMorganChase Institute is among the first to measure […]

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Opinion

Getting full value out of college from day one

Ocean freight outlook 2025: tariffs, crisis fuel chaos

Elon Musk’s memo exposes a trust crisis in leadership

Trump’s tariffs echo Hoover-era economic missteps

Our View: Trump charts chaotic course in trade wars

Constructing change

Why let Big Tech destroy our climate?

Our View: Making Virginia grate again

Our name is United S., and we’re addicted to undocumented labor

Our name is United S., and we’re addicted to undocumented labor

Amid all the recent protests, debates and debacles regarding illegal immigration and the second Trump administration’s heavy-handed response to it, one truth seems to be getting lost: America is reliant on undocumented workers. In its October 2024 study, “Mass Deportation: Devastating Costs to America, Its Budget and Economy,” the left-leaning American Immigration Council found that […]

Virginia Republican candidate for lieutenant governor John Reid posted a video April 25, 2025, saying that he would stay in the race despite Gov. Glenn Youngkin's demand that he resign from the ticket.

OurView: Nothing new under the sun in Virginia politics

In late April, GOP lieutenant governor candidate John Reid posted a highly atypical campaign video on X. His political enemies within the party, Reid alleged, were staging a “coordinated character assassination attempt to force [him as] the first openly gay candidate off the Republican statewide ticket.” Gov. Glenn Youngkin, Reid said, had asked him to […]

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Bad managers drive away talent

When you manage people, you don’t just oversee productivity — you hold careers, livelihoods and psychological well-being in your hands. The data doesn’t lie, and neither do the millions who’ve weighed in on what constitutes leadership worth following. Fact: 69% of U.S. workers would rather clean toilets at a bus station than report to a […]

In this photo provided by the U.S. Navy, Hospital Corpsman 1st Class Garion Pequeno reunites with his family after departing the USS Cole on Monday, Dec. 23, 2024, at Naval station Norfolk after a deployment. (Mass Communication Specialist Seaman Mark Peña/U.S. Navy via AP)

Let us honor Virginia’s military through educational opportunities

Today, we write to call on our leaders to continue investing in pathways that serve military families, keep them in Virginia, and strengthen Virginia’s economic future. The Virginia Military Survivors and Dependents Education Program — or VMSDEP — provides in-state tuition waivers to the spouses and children of service members who were disabled or killed in the line of duty.

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.

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