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Home>Associated Press

Associated Press

Recent Articles from Associated Press

FILE - Thousands of unemployed people gather outside City Hall in Cleveland during the Great Depression, after some 2,000 jobs were made available for park improvements and repairs, Oct. 9, 1930. (AP Photo, File)
Around The Nation April 8, 2025

Trump says high tariffs may have prevented the Great Depression. History says different

WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists […]

Wall Street sign in lower Manhattan New York, USA
Around The Nation April 8, 2025

Wall Street points to gains as global markets rebound on tariff roller coaster

World shares and U.S. futures advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets settled after the shocks from President Donald Trump ‘s tariff hikes. Japan’s Nikkei newspaper reported Tuesday that U.S. Treasury Secretary Scott Bessent would lead trade negotiations with the country, which as been buffeted by […]

A woman walks by high rise office buildings in the central business district, in Beijing, Tuesday, April 8, 2025. (AP Photo/Andy Wong)
Around The Nation April 8, 2025

China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs

BEIJING (AP) — China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said the U.S.‘s imposition of “so-called ‘reciprocal tariffs‘” on China is “completely groundless and is a typical unilateral[...]

The Latest: Stocks plummet as global markets feel the impact of Trump’s tariffs
Money April 7, 2025

The Latest: Stocks plummet as global markets feel the impact of Trump’s tariffs

U.S. stocks careened after President Donald Trump threatened to crank his tariffs higher on Monday. The S&P 500 was down 0.8% in late trading, but only after a day of heart-racing reversals as battered financial markets try to figure out what Trump’s ultimate goal is for his trade war. If it’s to get other countries to agree to trade deals, […]

Alabama Republican Party Chair, John Wahl, speaks before Donald Trump Jr.'s visit at the Alabama Republican Party's Trump Victory Celebration, Thursday, April 3, 2025, in Birmingham, Ala. (AP Photo/Butch Dill)
Around The Nation April 7, 2025

In conservative Alabama, Republicans are cheering for Trump – with some quiet concerns and caveats

BIRMINGHAM, Ala. (AP) — On a day when stock markets around the world dropped precipitously, Alabama Republican Party Chairman John Wahl led a celebration of the president whose global tariffs sparked the selloff. With no mention of the Wall Street rollercoaster and global economic uncertainty, Wahl declared his state GOP’s “Trump Victory Dinner” — and the broader […]

A dejected investor waits to restart trading, suspended for an hour following a 5% drop in in its main index, at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Monday, April 7, 2025. (AP Photo/Fareed Khan)
Around The Nation April 7, 2025

As markets implode, US trading partners puzzle over whether there’s room for negotiations

BRUSSELS (AP) — America’s trading partners wrestled with responses to U.S. President Donald Trump‘s blast of tariff hikes and some planned to send negotiators to Washington, while the head of the European Union’s executive commission offered mutual reduction of tariffs – while warning that retaliation was an option too. “We stand ready to negotiate with the United [&h[...]

While a stock exchange trader sits in front of his monitors on the trading floor of the Frankfurt Stock Exchange, Germany, the display board with the Dax curve shows a value of less than 20,000 points. (Arne Dedert/dpa via AP)
Top Stories April 7, 2025

Panic Monday: World stock markets plunge again as Trump doubles down on tariffs

FRANKFURT, Germany (AP) — Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged. The massive sell-off in riskier assets at the start […]

A woman walks past Chinese and United States' national flags on display at a merchandise store in Beijing, Thursday, April 3, 2025. (AP Photo/Andy Wong)
Northern Virginia April 4, 2025

5 Virginia companies among 27 firms targeted by China for further trade constraints

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 […]

Cargo containers line a shipping terminal at the Port of Oakland on Thursday, April 3, 2025, in Oakland, Calif. (AP Photo/Noah Berger)
Top Stories April 4, 2025

China retaliates as Trump’s tariffs affect world markets

BANGKOK (AP) — Countries and industries were scrambling Friday to respond as President Donald Trump‘s latest tariffs hikes upend global trade and world markets. China responded to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all U.S. products beginning April 10. […]

President Donald Trump, driven by his son Eric Trump, arrives at Trump National Doral during the LIV Golf Miami tournament, Thursday, April 3, 2025, in Miami. (AP Photo/Alex Brandon)
Around The Nation April 4, 2025

Trump says things are ‘going very well’ after worst stock market drop in years over tariffs

WASHINGTON (AP) — President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it’s going very well.” “The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White […]

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Top Stories

Carilion Clinic raises $96M for cancer center

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 ca[...]

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Emerson to lay off 87 workers in Charlottesville

Emerson Electric plans to lay off 87 workers at its Charlottesville manufacturing facility, starting[...]

Woman accused of running high-end brothels in Northern Virginia and near Boston set to be sentenced

Virginia senators seek injunction against seating 8 rejected BOV appointees

State senators ask for injunction so eight university board appointees can't be installed at three V[...]

Reshoring manufacturing is one of President Donald Trump’s priorities

Reshoring manufacturing is one of President Donald Trump’s priorities

President Donald Trump wants manufacturing jobs to return to the U.S., but it's not as simple as tha[...]

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U.Va. president resigns under pressure from DOJ

University of Virginia President Jim Ryan has resigned, saying he can't fight the federal government[...]

Rendering of the Manning Institute of Biotechnology's building at the Fontaine Research Park in Charlottesville. Image courtesy University of Virginia

UVA Health receives $50M in two anonymous gifts for Manning Institute

Two anonymous donors have given $25 million gifts to support the University of Virginia's Manning In[...]

People

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

Dominion promotes Baine to EVP of utility operations

1/7/2025

Virginia 500 July 2025 Spotlight: Michael J. Lutes

Virginia 500 July 2025 Spotlight: Michael J. Lutes

29/6/2025

Virginia Bankers Association names new chair

Virginia Bankers Association names new chair

24/6/2025

Regions

Frederick prepares for data center development

Frederick prepares for data center development

Increasingly, data center developers are eyeing sites in parts of the commonwealth outside Northern [...]

Officials envision new life for shuttered state campus

Officials envision new life for shuttered state campus

Summary CVTC closed in 2020, costing the region 1,600 jobs and $87M. Redevelopment plan envisions ho[...]

Post GreenCity, Henrico tries again

Post GreenCity, Henrico tries again

Henrico revives arena plans after GreenCity collapse, targeting a 17,000-seat venue by 2028 amid law[...]

$35B Capital One-Discover merger closes

$35B Capital One-Discover merger closes

McLean-based Capital One Financial completed its $35.3 billion acquisition of Discover Financial Ser[...]


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