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US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.
Trump eyes Fannie Mae, Freddie Mac IPO in 2025
Trump plans to sell up to 15% of Fannie Mae and Freddie Mac stock, raising $30B and potentially reshaping the U.S. mortgage market.
The Mailroom: No excuses for illegal immigration
I was disappointed to see that your July column about illegals had a strong liberal slant. The term “undocumented” is liberal speak for illegal entry. It’s crime. We have a legitimate entry vehicle that includes green cards and visa programs in addition to normal immigration. There is no excuse for endorsing illegal activities in the […]
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
Trump calls Fed Chair Powell “stubborn” and urges the Fed board to take control and slash interest rates amid a slowing U.S. economy and rising inflation.
US employers slash hiring as Trump advances a punishing trade agenda
U.S. job growth slows as Trump’s tariffs shake business confidence. Unemployment ticks up, job revisions drop sharply, and markets react.
Embattled GMU president survives board meeting with pay raise
George Mason University President Gregory Washington was not ousted at a board of visitors meeting but instead was given a raise.
Report: DOGE responsible for nearly 290k job cuts
A Thursday report revealed that United States-based employers have cut more jobs so far this year than in all of 2024.
Virginia firm to build $200M White House ballroom co-funded by Trump
The White House announced Thursday that it would add a $200 million, 90,000-square-foot ballroom to the people's mansion — with McLean's Clark Construction leading the building team.
VCU to end gender-affirming youth medical care
VCU Health announced this week that it would stop providing all gender-affirming care at Children's Hospital of Richmond at VCU for patients under age 19 three months from now.
Trump administration cancels plans to develop new offshore wind projects
The Trump administration is canceling plans to use large areas of federal waters for new offshore wind development, the latest step to suppress the industry in the United States. More than 3.5 million acres had been designated wind energy areas, the offshore locations deemed most suitable for wind energy development. The Bureau of Ocean […]
Reimagining regulations
Banks and credit unions in Virginia are celebrating some early victories as President Donald Trump’s new administration has begun rolling back regulations and reconsidering the future of finance. “Under the new administration, there is a relook at a number of these policies that were objected to by the industry,” explains Atlantic Union Bankshares CEO John […]
Fredericksburg weighs impact of federal job cuts
Northern Virginia politicians, all Democrats, started sounding the alarm immediately about federal job cuts and slashing of federal agencies’ budgets at the start of the second Trump administration in January. And there have been significant impacts in Fairfax and Arlington counties, as well as Alexandria, where the U.S. Department of Housing and Urban Development is […]
