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President Donald Trump

May 7, 2025

Law firms advise businesses on Trump 2.0 policies

Virginia law firms see surge in client questions as Trump’s 2025 executive orders spark regulatory, immigration, and DEI compliance concerns.

FILE - Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province, April 17, 2025. (AP Photo/Ng Han Guan, File)
May 6, 2025

US trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs

U.S. trade deficit surged to a record $140.5B in March as businesses raced to import goods ahead of sweeping Trump tariffs, dragging on GDP growth.

Trader Michael Capolino, right, works with colleagues on the floor of the New York Stock Exchange, Tuesday, May 6, 2025. (AP Photo/Richard Drew)
May 6, 2025

US stocks sink again as more companies detail damage they’re taking because of Trump’s trade war

U.S. stocks fall as AI hype cools and companies pull forecasts amid tariff uncertainty from Trump, sparking fears of slowed growth and recession.

Canadian Prime Minister Mark Carney boards a government plane in Ottawa, Ontario, Monday, May 5, 2025, en route to Washington for a meeting with U.S. President Donald Trump on Tuesday. (Adrian Wyld/The Canadian Press via AP)
May 6, 2025

Trump insults Canada ahead of its prime minister’s arrival at the White House

Trump gives new Canadian PM Mark Carney a cold welcome, questioning U.S. dependence on Canada amid rising trade tensions and sovereignty disputes.

Spencer Goidel, an Equal Employment Opportunity Specialist with the Internal Revenue Service who was notified his job would be eliminated as part of the government's efficiency cuts, stands for a portrait outside his home in Boca Raton, Fla., April 16, 2025. (AP Photo/Daniel Kozin)
May 6, 2025

Disabled workers have faced prejudice. Now they face DOGE firings

Mass federal layoffs under Trump target disabled workers, raising concerns about the future of inclusive hiring and Schedule A protections.

Dominion Energy plans to develop the nation's largest wind farm — an $8 billion, 220-turbine project — off the coast of Virginia Beach by 2026. Photo courtesy Dominion Energy
May 6, 2025

Tariffs could add $500M to Dominion offshore wind project

Richmond-based Fortune 500 utility Dominion Energy says the cost of its Coastal Virginia Offshore Wind project in Virginia Beach could rise by about $500 million due to tariffs on imported goods imposed by President Donald Trump.

May 2, 2025

Virginia Tech’s president defends NIH research funding

President Sands warns NIH cuts will harm research, national security, and Virginia Tech’s future as Trump-era policies challenge higher education.

Apr 30, 2025

Truckers hope freight recession is finally ending

Virginia truckers eye regulatory rollbacks under Trump and hope a February freight bump signals recovery after the nation’s longest freight recession.

Apr 30, 2025

Dominion offshore wind project on track despite hurdles

Dominion’s $10.7B Coastal Virginia Offshore Wind project remains on schedule despite rising costs and federal policy uncertainty under Trump.

Apr 30, 2025

Top Five May 2025

The top five most-read daily news stories on VirginiaBusiness.com from March 11 through April 11 included news of major layoffs from a federal contractor in Northern Virginia.

Apr 30, 2025

Tariffs, politics drive uncertainty for shipping

Rising tariffs, Red Sea attacks, and labor costs create instability for shippers and could impact Port of Virginia operations and U.S. supply chain

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)
Apr 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.

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