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Home>Associated Press

Associated Press

Recent Articles from Associated Press

Canada will match US tariff exemptions under USMCA trade pact, Prime Minister Carney says
Around The Nation August 22, 2025

Canada will match US tariff exemptions under USMCA trade pact, Prime Minister Carney says

Canada will drop retaliatory tariffs to match U.S. USMCA exemptions, a move Prime Minister Mark Carney says aims to reset trade talks.

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Around The Nation August 22, 2025

Powell signals Fed may cut rates soon even as inflation risks remain

Fed Chair Jerome Powell said a rate cut may come in the months ahead but gave no timing, citing risks from both inflation and unemployment.

Wall Street rallies and the Dow soars 700 points on hopes for lower interest rates
Money August 22, 2025

Wall Street rallies and the Dow soars 700 points on hopes for lower interest rates

NEW YORK (AP) — Wall Street is rallying on Friday after the head of the Federal Reserve indicated the cuts to interest rates that investors and President Donald Trump have been craving so much may be coming soon, though he gave no clear clue about when. The S&P 500 jumped 1.4% and erased all of its […]

Walmart helps pull Wall Street to its 5th straight loss
Around The Nation August 21, 2025

Walmart helps pull Wall Street to its 5th straight loss

Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates. The S&P 500 slipped 0.4%. All its losses have been relatively modest, but it has not risen since setting an all-time high last Thursday. The Dow Jones Industrial Average dropped 152 points, or 0.3%, […]

Trump administration is reviewing all 55 million foreigners with US visas in growing crackdown
Around The Nation August 21, 2025

Trump administration is reviewing all 55 million foreigners with US visas in growing crackdown

WASHINGTON (AP) — The Trump administration said Thursday that it is reviewing more than 55 million people who have valid U.S. visas for any violations that could lead to deportation, marking a growing crackdown on foreigners who are even permitted to be in the United States. In a written answer to a question from The Associated Press, […]

Federal officials to take over inspections when troubled Boar’s Head plant reopens
Industries August 21, 2025

Federal officials to take over inspections when troubled Boar’s Head plant reopens

Federal inspectors will assume direct oversight of a troubled Boar’s Head deli meat plant when it reopens after last year’s deadly listeria outbreak, U.S. Agriculture Department officials said. The Jarratt, Virginia, factory is set to resume operations in the coming months. It will face at least 90 days of heightened monitoring and inspections by federal Food Safety and […]

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Money August 21, 2025

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House

WASHINGTON (AP) — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed to […]

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target
Around The Nation August 21, 2025

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target

NEW YORK (AP) — Walmart Inc. powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer reported a 4.6% quarterly increase in comparable sales — those coming from established stores and online channels. Company ex[...]

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
Around The Nation August 21, 2025

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the […]

Average rate on a 30-year mortgage drops to lowest level since April
Real Estate August 21, 2025

30-year mortgage rate steady at 10-month low

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year […]

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Top Stories

A rendering of Colonna’s Shipyard’s latest investment, a new $70 million drydock currently under construction. Image courtesy Colonna's Shipyard

Colonna’s Shipyard invests $79M to build 4th drydock

Norfolk-based Colonna’s Shipyard announced Friday that it has invested $70 million to acquire its [...]

Health systems forecast pain from Medicaid cuts

Health systems forecast pain from Medicaid cuts

Virginia hospitals face closures as Medicaid cuts hit budgets; Augusta Health closes clinics, warns [...]

Brian Warpup inspects one of his soybean fields in Warren, Ind., Thursday, Sept. 11, 2025. (AP Photo/Michael Conroy)

Trump’s trade battle with China puts soybean farmers in peril

China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously[...]

Trump slaps tariffs on drugs, furniture, trucks

Trump slaps tariffs on drugs, furniture, trucks

Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy tru[...]

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

OMB told agencies to prepare mass layoffs if the government shuts down next week, escalating pressur[...]

The University of Virginia lawn. Photo courtesy U.Va.

15 Virginia schools make U.S. News’ 2026 universities list

Fifteen Virginia schools made the U.S. News & World Report’s 2026 Best National Universities list.[...]

People

Antonio Perez Jr. has been named General Manager of Rivers Casino Portsmouth. Photo courtesy RIvers Casino Portsmouth

Rivers Casino Portsmouth hires new general manager

2/10/2025

The Flagstop Car Wash location at 11031 Iron Bridge Road in Chester. Photo courtesy Flagstop.

Richmond-area car wash chain promotes CEO, other execs

30/9/2025

Timmons Group appoints chief marketing officer

Timmons Group appoints chief marketing officer

30/9/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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