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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, […]
With their government contracts in limbo, small businesses await a historic shutdown’s end
Small business owners hit by delays and lost contracts hope for recovery as the historic government shutdown nears its end.
Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
After election losses tied to affordability concerns, Trump pivots messaging to emphasize tax cuts, lower drug prices and progress on fighting inflation.
‘No hire’ job market leaves unemployed in limbo as threats to economy multiply
Despite low unemployment, job seekers face the slowest hiring pace in over a decade as economic uncertainty, tariffs and AI fears stall recruitment.
Stocks wind up mixed on Wall Street after spending most of day in red
U.S. stocks slid Friday, with tech shares leading losses and the S&P 500 heading for its first weekly drop in four weeks amid weak data and shutdown worries.
Trump may become the face of economic discontent, a year after such worries helped him win big
Voters frustrated with high costs dealt Trump a political setback as Democrats swept major races nationwide, citing affordability as their top concern.
Richmond Fed launches center to support rural economies
The Federal Reserve Bank of Richmond launched the Center for Rural Economies last week, a research and convening hub.
Fed cuts key rate again to support slowing economy
The Federal Reserve lowered its key rate to 3.9%, its second cut this year, aiming to boost hiring as inflation remains elevated.
Retailers scale back holiday hiring amid tariffs, slowdown
Retailers delay and reduce holiday hiring as tariffs, economic uncertainty and a government shutdown weigh on consumer spending.
Hampton Roads too reliant on federal dollars, economists warn
Economists warn that the Hampton Roads region is overly reliant on federal spending and is at risk in the event of future cuts.
Hampton Roads seeks opportunities amid federal policy changes
Hampton Roads leaders warn of risks from tariffs, defense cuts and energy policy while seeing growth in military tech and industry.
