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TowneBank to acquire N.C. bank for $476M
Suffolk-based TowneBank announced Tuesday that it has signed an agreement to acquire North Carolina-based Dogwood State Bank for about $475 million.
Wall Street holds near its record heights
Stocks hovered near record highs Monday as investors awaited Fed Chair Jerome Powell’s speech and key earnings from Walmart, Target and Home Depot.
TowneBank to close on $203M Old Point deal Sept. 1
TowneBank will acquire Old Point Financial in a $203M deal closing Sept. 1, expanding its market share in Hampton Roads
Wall Street drifts around its records following a worldwide rally
U.S. stocks hover near records as Fed rate cut hopes grow; S&P 500, Dow, and Nasdaq rise, global markets rally, and bond yields fall.
US stocks drift around their record heights as Wall Street braces for an update on inflation
U.S. stocks edge lower as investors await July inflation data, with fears Trump’s tariffs could spark stagflation and sway Fed rate cuts.
Wall Street clocks another winning week
U.S. stocks closed higher Friday, capping a choppy week of trading with the market’s third winning week in the last four and another milestone. The S&P 500 rose 0.8%, finishing just shy of the record it set last week. The benchmark index also wiped out its losses from a slide last week. The Dow Jones […]
Stocks mixed as Trump tariffs take effect worldwide
Stocks are drifting in mixed trading on Wall Street Thursday after President Donald Trump’s latest tariffs took effect on dozens of countries. The S&P 500 edged down by 0.1% after climbing earlier in the day to the edge of its record, which was set late last month. The Dow Jones Industrial Average was down 330 points[...]
A rally for Apple leads Wall Street higher
Wall Street rose Wednesday with Apple jumping 6% ahead of a White House event. Strong earnings from McDonald's and Shopify helped lift stocks.
Wall Street holds steadier following a whipsaw couple of days
NEW YORK (AP) — U.S. stock indexes are slipping Tuesday following the latest discouraging signal on the U.S. economy. The S&P 500 was down 0.4% in afternoon trading, coming off its best day since May, which followed its worst day since May. The Dow Jones Industrial Average was down 49 points, or 0.1%, as of 12:16 [&he[...]
Stocks rebound after jobs report, rate cut hopes rise
U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street. The S&P 500 jumped 1.1% in midday trading to claw back more than two thirds of Friday’s drop. The Dow [...]
Wall Street falls the most since May after employers slash hiring and tariffs roll out
Stocks tumble as weak hiring data and new trade tariffs fuel fears of economic slowdown and prompt calls for Fed rate cut
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,” expla[...]
