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Richmond Fed leader sees less economic uncertainty in 2026
Gas prices are down, and tax refunds next month will provide some economic stimulus, Richmond Fed President Tom Barkin said Thursday.
Fed sees slight economic growth in Southeast
The Federal Reserve’s Fifth District in recent weeks saw modest economic growth, with stronger consumer spending and commercial real estate.
Virginia housing market slowed in November
There were 7,492 closed sales across Virginia in November, 361 fewer than in November 2024, representing a nearly 5% decline.
Stocks rise on Wall Street as AI stocks turn higher again
US stocks rose Friday, with tech and AI shares lifting the S&P 500 and Nasdaq to weekly gains, even as investors weighed inflation, tariffs and slowing growth.
Federal employment, trade declined in 2025 in Virginia
Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemployment is expected to rise in 2026, according to Old Dominion University's State of the Commonwealth economic report released Tuesday.
Spanberger stresses need for stable biz environment
Virginia Gov.-elect Abigail Spanberger said she will prioritize a business climate that is stable, predictable and affordable.
Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
A stalled “no-hire, no-fire” economy and rising costs have driven major companies from HP to Amazon to announce large layoffs, deepening worker anxiety.
Fewer Americans sought unemployment benefits last week as job cuts stay low
Unemployment claims fell to 216,000 last week, signaling continued low layoffs even as hiring slows and more jobseekers struggle to find work.
JLARC: Data centers received $2.7B in state tax cuts
A JLARC report shows Virginia data centers received $2.7B in tax exemptions from FY 2015–24, accounting for more than half of state incentive spending.
Best Buy ups sales outlook heading into holiday shopping ramp-up
Best Buy raised its full-year forecast after strong third-quarter results, with computing, gaming and mobile driving 2.7% comparable-sales growth.
Consumer confidence slides as Americans grow wary of high costs and sluggish job gains
U.S. consumer confidence fell to 88.7 in November as inflation, weak hiring and the shutdown weighed on Americans’ views of the economy, survey shows.
Wall Street has its worst day in a month on worries about AI stocks and interest rates
NEW YORK (AP) — The U.S. stock market sank to its worst day in a month and its second-worst since April. The S&P 500 fell 1.7% Thursday and pulled further from its all-time high set late last month. The Dow Jones Industrial Average fell nearly 800 points from its own record set the day before, […]
