Sign In
Free Newsletter
Recent Articles from Katherine Schulte
Fed’s Fifth District economy stays the course
Economic activity in the Federal Reserve’s Fifth District was little changed in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released March 6. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered from the nation’s 12 Federal Reserve Banks. It is compiled from […]
Alliance for Building Better Medicine receives $1M award
The Alliance for Building Better Medicine — a group of public and private pharmaceutical manufacturers and research organizations in Richmond and Petersburg — will receive a $1 million award from the U.S. National Science Foundation. Richmond-based innovation incubator Activation Capital, which convened the alliance four years ago, announced last week the group would receive an […]
MicroStrategy’s fortunes rise as bitcoin sets new record
Tysons-based tech company MicroStrategy, the world’s largest corporate holder of bitcoin, has been riding a recent surge in the cryptocurrency, which hit an all-time high of $69,324.58 Tuesday morning before falling off somewhat in the afternoon. As of Feb. 25, MicroStrategy and its subsidiaries held a total of 193,000 bitcoins, which was worth $13.38 billion […]
Virginians bet nearly $653M on sports in January
Virginians bet more than $652.87 million on sports in January, up 27.2% from January 2023, according to data released Friday by the Virginia Lottery. January’s handle is a 3.11% increase from December 2023, when Virginians bet about $633 million on sports. Virginia bettors won more than $578.5 million in January and more than $569.57 million […]
Hitt Contracting promotes senior leadership
Falls Church-based general contractor Hitt Contracting announced Thursday four promotions and one retirement in its national business. Jeremy Bardin, Hitt’s co-president since 2017, will retire in December. Replacing Bardin as co-president, Evan Antonides has been promoted to oversee Hitt’s Southeast and Texas operations and its mission-critical work nationwide, and will serve alongsid[...]
Shentel to sell cell towers portfolio for $310.3M
Shenandoah Telecommunications (Shentel) has entered into an agreement to sell its portfolio of cellular towers and associated operations to Vertical Bridge Holdco for $310.3 million in cash, the Edinburg-based company announced Friday, a move that appears to largely transition Shentel out of the last remnants of its cellular phone business. Vertical Bridge is the nation’s […]
Va. housing market off to slow start in 2024
The housing market in Virginia had a relatively slow start in 2024, according to January data released Feb. 23 by Virginia Realtors. In January, 5,640 homes sold in the state, only 31 more sales than January 2023. Overall in 2023, Virginia home sales dropped 20% compared with 2022 and were the lowest the market had […]
Philanthropy: Accelerating advances
Over the past year, Virginia philanthropists continued to support medical research and higher education, with several demonstrating their commitment through subsequent donations. Northern Virginia philanthropists Dwight and Martha Schar carried on their longtime support of Falls Church- based Inova Health System, providing a $75 million matching gift to the health system in May 2023. Inova [&helli[...]
Amentum secures $591.6M Navy contract
Chantilly-based federal contractor Amentum Services has won a $591.6 million contract from the U.S. Naval Sea Systems Command (NAVSEA) to support eligible allied naval forces, the company announced Tuesday. Under the contract from the NAVSEA International Fleet Support Program Office, Amentum will provide life-cycle support and follow-on technical solutions — including system upgrades; systems i[...]
United Way of SWVA spins off workforce programs
The United Way of Southwest Virginia is spinning off its workforce development programs by establishing a new nonprofit, EO, to oversee them, UWSWVA announced Feb. 20. EO, which stands for Endless Opportunity, is also Latin for “go.” The new nonprofit will manage what has been the UWSWVA’s $10 million portfolio of grant-funded workforce development programs, […]
