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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 […]
Trump announces 30% tariff on upholstered furniture
HIGH POINT — President Trump announced a new 30% tariff on upholstered furniture imports on Thursday, taking effect on Oct. 1. At this time, it is unclear whether the new tariffs will be in addition to previously announced tariffs. In addition to the upholstered furniture tariffs, Trump also announced new tariffs on branded drugs, heavy-duty trucks, kitchen cabinets and bathroom […]
Trump slaps tariffs on drugs, furniture, trucks
Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy trucks, citing national security.
Trump, Xi discuss TikTok deal and easing US-China trade war
Trump and Xi discuss a TikTok deal that could keep the app in the U.S. while signaling progress in easing trade tensions between the nations.
Port of Virginia sees 8.7% drop in cargo traffic
The Port of Virginia has seen a decline in shipping container volumes in recent months, amid President Trump's trade war.
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Retail sales rose 0.6% in August, boosted by back-to-school shopping, despite tariffs beginning to raise prices and pressure the job market.
Wall Street coasts toward the finish of its best week in the last 5
NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels. The S&P 500 was mostly unchanged from the all-time high it set the day before. The Dow Jones Industrial Average was down 204 points, or 0.4%, as […]
Fed’s Fifth District sees modest growth
The Federal Reserve’s Fifth District saw its economy grow modestly in recent weeks, according to the latest edition of the Fed’s Beige Book.
Trump ends duty-free rule for imports under $800
Imports under $800 no longer enter duty-free after Trump order, forcing new taxes on small parcels and disrupting global shipping services.
