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Home>Richard Foster

Richard Foster

[email protected]

Recent Articles from Richard Foster

Freddie Mac headquarters in McLean. Photo courtesy Freddie Mac
Top Stories June 2, 2025

41 Virginia companies made the 2025 Fortune 1000

Forty-one companies headquartered in Virginia made the grade in Fortune magazine’s 71st annual Fortune 1000 list, and 25 Virginia companies are on this year's elite Fortune 500.

OurView: What’s fueling your startup dream?
Editor June 1, 2025

OurView: What’s fueling your startup dream?

Explore Virginia’s startup scene, from AI to VC deals, in the third annual edition of StartVirginia. Insights and inspiration for your next big idea!

Virginia Republican candidate for lieutenant governor John Reid posted a video April 25, 2025, saying that he would stay in the race despite Gov. Glenn Youngkin's demand that he resign from the ticket.
Editor June 1, 2025

OurView: Nothing new under the sun in Virginia politics

In late April, GOP lieutenant governor candidate John Reid posted a highly atypical campaign video on X. His political enemies within the party, Reid alleged, were staging a “coordinated character assassination attempt to force [him as] the first openly gay candidate off the Republican statewide ticket.” Gov. Glenn Youngkin, Reid said, had asked him to […]

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)
Opinion April 30, 2025

Trump’s tariffs echo Hoover-era economic missteps

Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.

Virginia Business sales manager named sales professional of year
Industries April 13, 2025

Virginia Business sales manager named sales professional of year

Virginia Business won 12 awards in the Virginia Press Association‘s 2024 News & Advertising Contest, and Sales Manager Toni McCracken was named Outstanding Sales Professional of the Year, the state organization announced during an awards banquet held Saturday at the Omni Richmond Hotel. “Toni’s career in Virginia media sales is remarkable. She is a mentor, a […]

Elon Musk, left, shakes hands with President Donald Trump at the finals for the NCAA wrestling championship, Saturday, March 22, 2025, in Philadelphia. (AP Photo/Matt Rourke)
Our View March 31, 2025

Our View: Trump charts chaotic course in trade wars

Since taking office on Jan. 20 for his second term, President Donald Trump has steered the ship of state full speed on a seemingly chaotic course, mostly navigating an about-face from the Biden administration’s policies and only very occasionally zigzagging away from buffeting winds of public disapproval. In support of making progress on the administration’s […]

FILE - Trevor Milton, left, leaves the Thurgood Marshall United States Courthouse on Monday, Sept. 12, 2022, in New York. (AP Photo/Brittainy Newman, File)
Around The Nation March 28, 2025

Convicted of bilking investors, Nikola founder and Trump donor gets a presidential pardon

Trevor Milton, the founder of electric vehicle startup Nikola who was sentenced to prison last year for fraud, was pardoned by President Donald Trump, the White House confirmed Friday. The pardon of Milton, who was sentenced to four years in prison for exaggerating the potential of his technology, could wipe out hundreds of millions of […]

An aerial view shows auto dealerships in Cerritos, Calif., Thursday, March 27, 2025. (AP Photo/Jae C. Hong)
News March 28, 2025

Noted economist honored by Trump warns his 25% tariffs could add $4,711 to the cost of a vehicle

WASHINGTON (AP) — Noted economist Arthur Laffer warns in a new analysis that President Donald Trump‘s 25% tariffs on auto imports could add $4,711 to the cost of a vehicle and says the proposed taxes could weaken the ability of U.S. automakers to compete with their foreign counterparts. In the 21-page analysis obtained by The Associated Press, […]

FILE - A sign for the Internal Revenue Service building in Washington, on May 4, 2021. (AP Photo/Patrick Semansky, File)
Around The Nation March 28, 2025

IRS crime fighting arm announces modernization program as financial crimes use more tech

WASHINGTON (AP) — As the nature of financial crime changes, with technology and AI increasingly used to perpetrate illegal acts, the IRS’ crime fighting arm —IRS Criminal Investigation— is announcing a new program intended to improve how it interacts with financial institutions. Called Feedback in Response to Strategic Threat —or CI-FIRST— the program unveiled Friday is intended [...]

Unifor auto workers stand behind Liberal Leader Mark Carney as he speaks during a campaign stop at the Ambassador Bridge in Windsor, Ont., on Wednesday, March 26, 2025. (Frank Gunn /The Canadian Press via AP)
Around The Nation March 26, 2025

Canadian Prime Minister Carney says trade war is hurting Americans, noting consumer confidence

TORONTO (AP) — Canadian Prime Minister Mark Carney said Wednesday U.S. President Donald Trump‘s trade war is hurting Americans, noting that American consumer confidence is at a multi-year low. Carney also said the kinship that exists between U.S. and Canada is under more strain than at any point in the two countries storied histories. “His trade war is hurting American consumers [&[...]

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Top Stories

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States’ $7.4B settlement with Purdue Pharma nears closure

Fifty-five attorneys general have agreed to sign on to a $7.4 billion nationwide settlement with Pur[...]

A man wearing a navy blue blazer

New Virginia Beach economic development chief resigns suddenly

Virginia Beach’s new economic development director, Christian Green, resigned Wednesday after serv[...]

L to R: FBI director Kash Patel and U.S. Sen. Katie Britt, R-Ala, during an April tour of the FBI’s facilities in Huntsville. Photo courtesy U.S. Sen. Katie Britt's office.

Virginia leaders respond to reports of possible FBI academy move from Quantico

Virginia Democratic leaders oppose FBI's proposed plan to relocate its national training academy fro[...]

President Donald Trump speaks to reporters after arriving on Air Force One, Tuesday, June 10, 2025, at Joint Base Andrews, Md. (AP Photo/Alex Brandon)

Trump says US gets rare earth minerals from China and tariffs on Chinese goods will total 55%

President Trump announces a new trade framework with China including 55% U.S. tariffs and rare earth[...]

Virginia Senate Dems refuse to confirm Cuccinelli, other Youngkin board nominees

Virginia Senate Dems refuse to confirm Cuccinelli, other Youngkin board nominees

In a Monday evening vote, Democrats on a Virginia State Senate committee declined to confirm eight o[...]

Molina Healthcare to close Henrico office, laying off 268 workers

Molina Healthcare to close Henrico office, laying off 268 workers

Molina Healthcare, a Fortune 500 company that manages health care services for Medicaid and Medicare[...]

People

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Hubbard Peanut Co. names new CEO

10/6/2025

Danny Deep. Photo courtesy General Dynamics

General Dynamics promotes EVP to global operations

5/6/2025

Rajeev Rai. Photo courtesy Groundworks

Virginia Beach-based Groundworks hires CTO

30/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia and the nation

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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