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Wall Street rebounds as investors shrug off trade tensions
U.S. stocks rebounded Tuesday as investors brushed off rising trade tensions between the U.S. and China after early losses.
IMF raises U.S., global growth outlook despite tariffs
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. The United States’ economy will expand 2% in 2025, the […]
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.
Trump threatens new China tariffs over rare earth limits
Trump warned of a “massive” tariff hike after China restricted rare earth exports, reigniting trade war tensions and market fears.
Wall Street drops to worst day since April after Trump tariff threats
NEW YORK (AP) — A monthslong calm on Wall Street shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China. The S&P 500 sank 2.7% in its worst day since April. The Dow Jones Industrial Average dropped 878 points, or 1.9%, and the Nasdaq composite fell 3.6%. Stocks […]
Trump, Carney discuss future of U.S.-Canada trade deal
Trump signals openness to extending USMCA or pursuing new trade deals as Canadian PM Carney visits White House to ease tensions.
Gold futures rise above $4,000 per ounce for the first time
Gold futures surged past $4,000 per ounce as investors sought safe havens amid the U.S. government shutdown and global economic worries.
Galax furniture maker adds hours, eyes hiring as tariffs spur demand
Galax-based Vaughan-Bassett, which makes wooden adult bedroom furniture, is seeing demand climb strongly enough that it has added hours in multiple departments.
US consumer confidence falls on inflation, weak jobs
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
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.
Hampton Roads Business 2025: Executive Insights
Virginia Business asked six Hampton Roads leaders to discuss how their organizations are contributing to the region’s success and meeting challenges such as changing trade policy, regional cooperation and workforce training. PAT DAVIS-HAGENS Market president, Bon Secours Hampton Roads, Suffolk How does Bon Secours assess where to open new facilities, like the hospital in Suffolk […]
Wind energy projects continue despite federal headwinds
Despite cost increases, legal challenges, tariff uncertainty and President Donald Trump‘s dogged opposition to wind energy, Dominion Energy’s Coastal Virginia Offshore Wind project is on track to begin powering 660,000 homes in late 2026. Construction on the 2.6-gigawatt project 27 miles off the Virginia Beach coast was 60% complete as of late July. According to […]
