BANGKOK (AP) — China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “reciprocal” tariff of 34% on Chinese […]

Reston-based Bechtel National has been awarded a $242.28 million contract modification from the U.S. Army to address past contract overruns associated with the Pueblo Chemical Agent-Destruction Pilot Plant in Colorado. The plant is a chemical weapons destruction facility that destroyed the chemical weapons stockpile previously stored at the U.S. Army Pueblo Chemical Depot in Pueblo, […]

The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season. The rate fell to 6.64% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the […]

NEW YORK (AP) — Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The S&P 500 was down 4.8% in afternoon trading, after […]

RICHMOND, Va. (AP) — Virginia lawmakers addressed scores of legislative vetoes and amendments from Republican Gov. Glenn Youngkin on Wednesday, including the governor’s 205 revisions to the state’s budget bill that were decisively nixed by the Democratic-led General Assembly. The one-day session in Richmond comes after Youngkin vetoed 158 bills that blocked Democrats’ attempts to reintroduce legislation […]

G. Lyn Hayth III will retire as CEO of the Buchanan-based Bank of Botetourt at the end of June after nearly four decades at the bank, according to a Wednesday announcement. Michelle R. Austin, the bank’s president and chief operating officer, will become CEO on July 1 and retain her role as president. After joining […]