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Color-coded map shows the distribution of this week’s continued claims in Virginia’s counties and cities. Map courtesy Virginia Works
May 9, 2025

Virginia unemployment claims rise amid federal layoffs

Virginia jobless claims rose in early May, with experts citing federal spending cuts, tariffs and contract reductions as key factors in the surge.

Port of Virginia expects a reduction in imports from China due to President Trump's tariffs. Photo courtesy Port of Virginia
May 8, 2025

Port of Virginia CEO expects decline in Chinese imports over Trump’s trade war

Virginia Port Authority Executive Director and CEO Stephen A. Edwards said Thursday at this year's State of the Port address that President Donald Trump's tariffs are causing significant uncertainty in the port and trade sector.

Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production
May 8, 2025

Wall Street rises with hopes for trade deals that could forestall a recession

U.S. stocks rose after Trump announced a UK trade deal, easing recession fears and pushing the S&P 500 closer to record highs amid strong earnings.

Wall Street gains ground as China shores up its economy ahead of trade talks with the US
May 7, 2025

Wall Street gains ground as China shores up its economy ahead of trade talks with the US

Stocks fluctuated as China rolled out new economic support and U.S. trade talks loom, while tech shares and tariff worries pressured markets.

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.

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.

Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production
May 5, 2025

Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production

Wall Street dips as oil falls to a 4-year low and Warren Buffett announces plans to step down. Tech and energy stocks lead market declines.

A See's Candy worker restocks the display next to a cutout of Warren Buffett at the Berkshire Hathaway shareholders meeting exhibit hall Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)
May 3, 2025

Buffett says US shouldn’t use ‘trade as a weapon’ as Trump has done with tariffs

Warren Buffett criticizes Trump’s tariffs, urges global trade, and shares insights on markets, succession plans, and Berkshire’s $347B cash reserves.

Tanveer Kathawalla, founder and managing partner of Pioneer1890, based in Alexandria. Photo courtesy Tanveer Kathawalla
May 2, 2025

I voted for Trump. His tariff exclusions don’t reflect conservative strength

Alexandria business founder Tanveer Kathawalla writes in an op-ed that President Donald Trump's tariffs project decline and harm industry and the nation's ability to reduce federal debt.

Wall Street gains ground following a stronger-than-expected report on the US job market
May 2, 2025

Wall Street gains ground following a stronger-than-expected report on the US job market

Wall Street rallies as a strong U.S. jobs report lifts stocks. S&P 500 heads for 9th straight gain while tech and financial shares lead the market.

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