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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.
Northern Virginia business leaders’ confidence drops in Q2
Business confidence in Northern Virginia declined in Q2 2025, with leaders citing federal layoffs, inflation and supply chain issues, a new survey shows.
DOJ demands University of Virginia prove it’s dismantling DEI
The University of Virginia's president received a letter from the U.S. Department of Justice's Civil Rights Division calling for the university to produce audio and video from a closed session of its board of visitors last month, as well as show evidence that every division of the university and its health system has dissolved and dismantled its diversity, equity and inclusion initiatives.
Medicaid cuts could close Virginia’s rural hospitals, Warner warns
Sen. Mark Warner warns Medicaid cuts may shutter hospitals West of Roanoke. In Virginia. That's because many rural hospitals operate in the red, and depend on Medicaid funding to keep the lights on.
Retailers misjudge shopper priorities, loyalties amid rising costs, said Rakuten report
More than half of consumers say they plan to prioritize products with the lowest prices when shopping in the coming months, while only 5% of retailers think shoppers will choose to trade down to lower quality products and less expensive brands.
Average US rate on a 30-year mortgage eases to 6.81%, hovering near highest level in over two months
The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than two months. The rate fell to 6.81% from 6.83% last week, mortgage buyer Freddie Mac said Thursday.
Wall Street rallies as companies keep piling up profits, for now at least
U.S. stocks are rallying further as better-than-expected profits for U.S. companies pile up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
Trump science cuts roil university labs, targeting bird feeder research, AI literacy work and more
Hundreds of university researchers had their National Science Foundation funding abruptly canceled Friday to comply with Trump’s directives to end support of research on diversity, equity and inclusion, as well as the study of misinformation.
Most Americans expect higher prices as a result of Trump’s tariffs, a new AP-NORC poll finds
An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering.
Trump says he has ‘no intention’ of firing Federal Reserve chair
President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. Trump told reporters, “I have no intention of firing him." The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been[...]
Tesla Q1 profit falls sharply as it fights backlash tied to Musk’s role in Trump administration
Tesla's Q1 profit plunged 70% to $409M amid weak sales, backlash over Elon Musk's role in the Trump administration, and rising competition in the EV market.
Trump renews attack on Federal Reserve Chair Powell
WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Jerome Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually No Inflation.” Yet Trump said the […]
