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Youngkin, Senate...

Youngkin, Senate Dems continue fight over university boards

Virginia State Senate Democratic leaders are calling for George Mason University's rector to recuse himself or resign.

Virginia 500:...

Virginia 500: The 2025-26 Power List

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Nathan Trotter plans $65M tin processing plant in Southern Virginia

Nathan Trotter will invest $65M in a Henry County tin processing facility, creating 118 jobs and boosting the U.S. critical minerals supply chain.

Industries

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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.

Real Estate

US housing market shifts toward buyers as prices cool

US housing market shifts toward buyers as prices cool

The U.S. housing market is cooling, with more listings, slower price growth, and seller concessions—though affordability remains limited.

Money

Stocks hang near their records as hopes for rate cuts underpin markets

Stocks hang near their records as hopes for rate cuts underpin markets

U.S. stocks hovered near record highs Tuesday as expectations grew that the Federal Reserve will cut interest rates at its upcoming meeting.

Government

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$1.64B CACI defense contract paused after Accenture protest

Following a protest by Accenture Federal Services, the Government Accountability Office has paused a $1.64 billion defense contract awarded to Reston-based Fortune 500 government contractor CACI International. On Aug. 11, the Department of Defense — which President Trump recently rebranded as the Department of War by executive order, pending congressional authorization for a formal name […]

People

Dollar Tree announced that Brent Beebe will be promoted to chief merchandising officer effective April 2026. Photo Courtesy Dollar Tree

Dollar Tree promotes exec to chief merchandising officer

Dollar Tree announced Tuesday that Brent Beebe will be promoted to chief merchandising officer effective April 2026.

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BTM Business Connect

Noninvasive Liver Cancer Treatment Now Available in Virginia; Transformational Milestone Reached in Evolution of Focused Ultrasound with $2.25B HistoSonics Acquisition

Noninvasive Liver Cancer Treatment Now Available in Virginia; Transformational Milestone Reached in Evolution of Focused Ultrasound with $2.25B HistoSonics Acquisition

Virginians now have access to a new noninvasive liver cancer treatment. UVA Health in Charlottesville is the first hospital in the state to treat liver tumors with histotripsy, an incisionless technique using focused ultrasound to liquify target tissue without heat. Histotripsy was invented by the late Charles A. Cain, PhD, Zhen Xu, PhD, and a […]

Movers & Shakers

EVENTS

C-Suite Awards

Details coming soon!

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

Details coming soon!

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

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Around The Nation

SpaceX, EchoStar strike $17B spectrum deal for Starlink

Google hit with $3.5 billion fine from European Union in ad-tech antitrust case

475 detained in record immigration raid at Hyundai site

Hiring stalls with US companies reluctant to expand in an uncertain economic landscape

Elon Musk in line for $1 trillion pay package if Tesla hits aggressive goals over next 10 years

Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says

Trump Fed pick Stephen Miran plans to keep White House job

Trump-backed bitcoin company begins trading on Nasdaq

US household income rose slightly last year, roughly matching 2019 level

US household income rose slightly last year, roughly matching 2019 level

Census data shows median U.S. household income stalled in 2024, with inflation offsetting wage gains and widening the income gap.

New data shows the US job market was much weaker than thought in 2024, and this year as well

New data shows the US job market was much weaker than thought in 2024, and this year as well

WASHINGTON (AP) — The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation’s economy. Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. The department issues the so-called benchmark revisions every year. […]

Chief justice lets Trump remove member of Federal Trade Commission for now

Chief justice lets Trump remove member of Federal Trade Commission for now

WASHINGTON (AP) — Chief Justice John Roberts on Monday let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by Supreme Court. Trump first moved to fire Rebecca Slaughter in the spring, but she sued and lower courts ordered her reinstated because the law allows […]

South Koreans feel betrayed by workforce detentions at Georgia Hyundai plant

South Koreans feel betrayed by workforce detentions at Georgia Hyundai plant

SEOUL, South Korea (AP) — South Korea’s foreign minister departed for the U.S. on Monday to finalize steps for the return of several hundred South Korean workers detained in a massive immigration raid in Georgia, a spectacle that has caused confusion, shock and a sense of betrayal among many in the U.S.-allied nation. The Sept. 4 raid on […]

PNC to buy FirstBank for $4.1B, expanding to Arizona, Colorado

PNC to buy FirstBank for $4.1B, expanding to Arizona, Colorado

NEW YORK (AP) — PNC Financial said Monday that it plans to buy Colorado-based FirstBank for $4.1 billion, giving PNC a substantial presence in the Colorado banking market as well as Arizona. Based in Lakewood, Colorado., FirstBank, which is also branded as 1stBank, is a midsized bank that operates 120 retail branches with $26.7 billion […]

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Opinion

The Mailroom: No excuses for illegal immigration

The Manager Multiplier: How Engagement Turns Into Margin

George Mason President Gregory Washington deserves to stay

OurView: Our name is United S., and we’re addicted to undocumented labor

OurView: Nothing new under the sun in Virginia politics

Bad managers drive away talent

Let us honor Virginia’s military through educational opportunities

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

OurView: Will AI spell lights out for white-collar workers?

OurView: Will AI spell lights out for white-collar workers?

Perhaps the greatest symbol of tech companies’ uncanny valley visions or the AI-powered future are dark factories — also called lights-out factories, these AI-managed manufacturing plants are so fully automated that machines perform their work in full or near darkness 24 hours a day, seven days a week, without breaks — and largely without humans. […]

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

Honestly, this job would be a breeze if it weren’t for the people part.” A regional sales director said that after recounting missed targets, two resignations and a turf war between product and marketing. The room laughed — tired laughter, the kind that comes when you recognize a hard truth. Plans obey Gantt charts; people […]

The Mailroom: No excuses for illegal immigration

The Mailroom: America needs immigrants

I appreciate your column in the July issue of Virginia Business on the value of immigrants (“Your friends and neighbors”).  I’ve been sounding the benefits of immigrants for years since working in the nonprofit sector helping immigrants and refugees in the 1990s. In addition to the factors and data you cite, I find it also […]

Virginia’s universities at risk if checks and balances fail

Virginia’s universities at risk if checks and balances fail

The Virginia Supreme Court will soon decide a case that goes to the heart of how we govern our public universities.

Chelsea Higgs Wise is co-founder and executive director of Virginia-based nonprofit Marijuana Justice. Photo by Keshia Eugene

Virginia’s chance to legalize marijuana right

As Virginia lawmakers craft the licensing framework for a regulated adult-use cannabis market, there are many lessons to be learned from other jurisdictions.

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