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Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts. The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a [&hel[...]
NASA astronauts Butch Wilmore and Suni Williams return to Earth after 9 months stuck in space
CAPE CANAVERAL, Fla. (AP) — Stuck in space no more, NASA astronauts Butch Wilmore and Suni Williams returned to Earth on Tuesday, hitching a different ride home to close out a saga that began with a bungled test flight more than nine months ago. Their SpaceX capsule parachuted into the Gulf of Mexico in the early eveni[...]
While Youngkin celebrates Virginia’s labor force gains, economists warn of future unemployment
Gov. Glenn Youngkin says he feels good about the state’s employment landscape. In an announcement Tuesday, the governor celebrated that Virginia added 7,100 more jobs in January 2025, according to data from the U.S. Bureau of Labor Statistics (BLS). “More Virginians are working than ever in the commonwealth as jobs and o[...]
Judge rules DOGE’s USAID dismantling likely violates the Constitution
WASHINGTON (AP) — The dismantling of the U.S. Agency for International Development by billionaire Elon Musk’s Department of Government Efficiency likely violated the Constitution, a federal judge ruled Tuesday as he indefinitely blocked DOGE from making further cuts to the agency. The order requires the Trump administ[...]
Pentagon is cutting up to 60,000 civilian jobs. About a third of those took voluntary resignations
WASHINGTON (AP) — Roughly 50,000 to 60,000 civilian jobs will be cut in the Defense Department, but fewer than 21,000 workers who took a voluntary resignation plan are leaving in the coming months, a senior defense official told reporters Tuesday. To reach the goal of a 5% to 8% cut in a civilian workforce of more […]
Va. casinos report $75M+ haul for February
February gaming revenues from Virginia’s three casinos totaled $75.2 million, according to a March 14 report from the Virginia Lottery. February’s statewide casino gaming revenues were up $2.86 million from January’s $72.34 million. Last month, Hard Rock Bristol casino reported about $19.75 million in adjusted [...]
Henrico County’s $2.3B GreenCity project is dead
The $2.3 billion GreenCity development in Henrico County is dead, as the developers of the project failed to make more than $5 million in overdue payments by a March 13 deadline, the county said Friday. The county previously sent two notices of default — one in regard to the property purchase agreement and one relating [&helli[...]
Inside South Carolina operations of the largest military shipbuilder in the US
A new division of the largest military shipbuilder in the U.S. is in full swing after establishing operations in South Carolina just two months ago. Newport News Shipbuilding-Charleston Operations, a facility in a division of Virginia-based Huntington Ingalls Industries, better known as HII, began in Goose Creek roughly 60 days [...]
Judge orders Trump to reinstate probationary workers let go in mass firings across multiple agencies
SAN FRANCISCO (AP) — A federal judge in San Francisco ordered President Donald Trump’s administration to rehire thousands, if not tens of thousands, of probationary workers let go in mass firings across multiple agencies, blasting their tactics Thursday as he slowed the new president’s dramatic downsizing of the [...]
Whistleblowers in Sentara insurance investigation revealed
UPDATED MARCH 18 The U.S. District Court for the Western District of Virginia has unsealed a whistleblower complaint against Sentara Health that accused the Hampton Roads health care system of improperly inflating local insurance rates in 2018 and 2019. On Feb. 14, the court revealed the plaintiffs are Sara Stovall, Ian Dixon an[...]
Virginia Supreme Court to hear appeal of reversal of $2B judgment for Appian
The Supreme Court of Virginia has agreed to hear a petition from software company Appian, asking to reinstate a 2022 judgment worth about $2.04 billion in a trade secrets verdict against a competitor. It’s the latest turn in the battle between Appian, which is based in Fairfax County’s McLean area, and rival Pegasyst[...]
$120M TowneBank-Village Bank acquisition approved by state, FDIC
Suffolk-based TowneBank’s $120 million acquisition of Midlothian’s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way for a completed deal in early April, the two banks said Tuesday. Announced in September 2024, the combined bank, which[...]
