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Home>Associated Press

Associated Press

Recent Articles from Associated Press

Trader Leon Montana works on the floor of the New York Stock Exchange, Wednesday, Aug. 13, 2025. (AP Photo/Richard Drew)
Money August 13, 2025

Wall Street drifts around its records following a worldwide rally

U.S. stocks hover near records as Fed rate cut hopes grow; S&P 500, Dow, and Nasdaq rise, global markets rally, and bond yields fall.

FILE- In this April 21, 2008 file photo, Hanes underwear is seen on display at a store in Charlotte, N.C. (AP Photo/Chuck Burton, file)
Around The Nation August 13, 2025

Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion

Gildan Activewear is acquiring HanesBrands for $2.2B, gaining brands like Hanes and Maidenform as the apparel maker faces years of declining sales.

FILE - For Sale sign is displayed in Skokie, Ili., July 24, 2025. (AP Photo/Nam Y. Huh, File)
Real Estate August 13, 2025

Homeowners turn to cash-out refinancing to take advantage of big gains in home equity

U.S. homeowners are cashing in on record equity, pulling an average $94K via cash-out refis despite high mortgage rates.

FILE - The entrance to the Labor Department is seen near the Capitol in Washington, May 7, 2020. (AP Photo/J. Scott Applewhite, File)
Around The Nation August 13, 2025

Trump’s nominee to oversee jobs and inflation data faces criticism

President Trump nominates Heritage economist EJ Antoni as BLS commissioner, sparking criticism over politicization of key U.S. jobs data.

FILE - An Amazon Prime logo appears on the side of a delivery van as it departs an Amazon Warehouse location in Dedham, Mass., Oct. 1, 2020. (AP Photo/Steven Senne, File)
Around The Nation August 13, 2025

Amazon expands its perishable delivery service, putting pressure on traditional grocers

Amazon now offers Prime members fresh groceries with same-day delivery in 1,000+ cities, expanding to 2,300 by year-end.

The Clairton Coke Works, a U.S. Steel coking plant, is seen Monday, Aug 11, 2025, in Clairton, Penn. (AP Photo/Gene Puskar)
Around The Nation August 11, 2025

Explosions at US Steel plant in Pennsylvania leave 1 dead, 2 missing and multiple injured

Explosions at U.S. Steel’s Clairton plant near Pittsburgh killed 1, left 2 missing, and injured at least 9, sparking safety and pollution concerns.

Ford CEO Jim Farley speaks at the Louisville Assembly Plant, Monday, Aug. 11, 2025, in Louisville, Ky. (AP Photo/Darron Cummings)
Around The Nation August 11, 2025

Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant

Ford will invest $2B to retool its Louisville plant for affordable electric trucks, aiming for profitability and faster production by 2027.

Traders Robert Finnerty Jr., left, and Michael Milano work on the floor of the New York Stock Exchange, Tuesday, July 29, 2025. (AP Photo/Richard Drew)
Money August 11, 2025

US stocks drift around their record heights as Wall Street braces for an update on inflation

U.S. stocks edge lower as investors await July inflation data, with fears Trump’s tariffs could spark stagflation and sway Fed rate cuts.

Nvidia CEO Jensen Huang poses for a photo before President Donald Trump speaks during an AI summit at the Andrew W. Mellon Auditorium, Wednesday, July 23, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)
Around The Nation August 11, 2025

US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement

Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.

Wall Street clocks another winning week
Money August 8, 2025

Wall Street clocks another winning week

U.S. stocks closed higher Friday, capping a choppy week of trading with the market’s third winning week in the last four and another milestone. The S&P 500 rose 0.8%, finishing just shy of the record it set last week. The benchmark index also wiped out its losses from a slide last week. The Dow Jones […]

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Top Stories

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 350 employees

Goochland County-based Fortune 500 used car retailer CarMax is laying off about 350 employees nation[...]

Construction workers, bottom right, atop the U.S. Treasury, watch as work continues on a largely demolished part of the East Wing of the White House on Oct. 23, 2025, before construction of a new ballroom. (AP Photo/Jacquelyn Martin)

Two Virginia companies donate to White House ballroom project

Altria Group and Booz Allen Hamilton donating to President Donald Trump’s roughly $300 million Whi[...]

A bronze statute of Lady Justice holding scales

Virginia Supreme Court hears $2B trade secrets case

McLean-based software company Appian argued it should receive the record-breaking $2.04 billion jury[...]

Amazon to pay $2.5B in FTC Prime membership settlement

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as it reduces bureaucracy and boosts investment in artif[...]

Disney to build its 7th theme park, this one in the United Arab Emirates

Booz Allen Hamilton announces new round of layoffs

Booz Allen Hamilton is initiating another round of layoffs amid declining revenues in its most recen[...]

The 2025 Virginia Black Business Leaders Awards: The Achievers

Townes-Whitley out as SAIC’s CEO after two years

Toni Townes-Whitley is out as CEO of Fortune 500 government contractor Science Applications Internat[...]

People

Default Alt Text

Botetourt hires new economic development director

30/10/2025

Paul Phillips will retire from Freedom First at the end of 2026. Photo courtesy Freedom First Credit Union

Freedom First credit union CEO to retire in 2026

29/10/2025

Former Western Virginia acting U.S. attorney resigns, enters private practice

Former Western Virginia acting U.S. attorney resigns, enters private practice

17/10/2025

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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