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Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valley region, citing violations of FOIA and VAPA laws.

Georgia-Pacific to close Emporia mill, cutting 550+ jobs

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FILE - In this photo taken April 6, 2016, a sign at the federal courthouse in Tacoma, Wash., is shown to inform visitors of the federal government's REAL ID act. (AP Photo/Ted S. Warren, file)

Homeland Security chief says travelers with no REAL ID can fly for now, but with likely extra steps

Travelers who aren’t REAL ID compliant by the upcoming deadline this week will still be able to fly but should be prepared for extra scrutiny, the head of Homeland Security said Tuesday.

Industries

A rendering of The Landing Hotel Portsmouth. Image Courtesy KOO Architecture & Interiors of Chicago and Rush Street Gaming

Rivers Casino Portsmouth to add $65M hotel

Rivers Casino Portsmouth and Rush Street Gaming are planning to break ground on a $65 million hotel in Portsmouth this summer, more than two years after the casino first opened.

Real Estate

Homes.com retains No. 2 ranking among US real estate portals

Homes.com averaged 104M monthly visitors in Q1 2025, ranking No. 2 among U.S. real estate portals, according to CoStar Group’s latest earnings call.

Money

Trader Michael Capolino, right, works with colleagues on the floor of the New York Stock Exchange, Tuesday, May 6, 2025. (AP Photo/Richard Drew)

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.

Government

FILE - This file photo taken Feb. 5, 2010, shows a "Pratt & Whitney Dependable Engines" emblem at the plant in East Hartford, Conn. (AP Photo/Jessica Hill)

Thousands of machinists union members go on strike at jet engine maker Pratt & Whitney

About 3,000 labor union members went on strike early Monday at jet engine maker Pratt & Whitney in Connecticut, as negotiations over wages, retirement benefits and job security broke down. The manufacturer is a subsidiary of Arlington County-based RTX.

People

Electra.aero announced that Max Ochoa has joined the company as chief financial officer. Photo Courtesy Electra.aero

Electra announces new CFO

Electra.aero, a Manassas-based aviation startup, announced Tuesday that Max Ochoa has joined the company as chief financial officer.

Healthcare

BTM Business Connect

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

Unanet today announced it has acquired Contraqer, a leading provider of market intelligence and procurement software for government contractors. With Contraqer, Unanet adds to its robust growth suite of solutions that help GovCons identify, solicit, manage, and win more business. According to Unanet’s most recent GAUGE Report, 45% of GovCons cite lack of business development […]

Movers & Shakers

EVENTS

C-Suite Awards

June 5th, 2025 - 11:30 AM

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

Forty Under 40

May 12th, 2025 - 4:30 PM

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[...]

see all events

Around The Nation

States sue Trump administration for blocking the development of wind energy

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

Who is Greg Abel, the executive picked to be successor to Warren Buffett?

Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year

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

Home ownership further out of reach as rising prices, high mortgage rates widen affordability gap

U.S. adds 177K jobs despite trade war, hiring slows

Average rate on a US 30-year mortgage eases to 6.76%, its second straight weekly decline

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)

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.

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)

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.

Spencer Goidel, an Equal Employment Opportunity Specialist with the Internal Revenue Service who was notified his job would be eliminated as part of the government's efficiency cuts, stands for a portrait outside his home in Boca Raton, Fla., April 16, 2025. (AP Photo/Daniel Kozin)

Disabled workers have faced prejudice. Now they face DOGE firings

Mass federal layoffs under Trump target disabled workers, raising concerns about the future of inclusive hiring and Schedule A protections.

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and tariff concerns, as inflation remains above target.

FILE - Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on Fox Business Network's "Countdown to the Closing Bell," May 7, 2018, in Omaha, Neb. (AP Photo/Nati Harnik, File)

Warren Buffett will remain chairman at Berkshire Hathaway when Greg Abel takes over as CEO in 2026

Warren Buffett will remain Berkshire Hathaway's chairman as Greg Abel becomes CEO in 2026, reassuring investors during a critical leadership transition.

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Opinion

Our View: Trump charts chaotic course in trade wars

Constructing change

Why let Big Tech destroy our climate?

Our View: Making Virginia grate again

Best at Work Insights: Employees’ happiness is overrated

Trump-led DEI crackdown may leave glass ceilings intact

Return to uncertainty

What a difference a debate makes

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

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.

Mary Baldwin University President Jeff Stein. Photo courtesy MBU

Getting full value out of college from day one

Mary Baldwin University's president writes in an op-ed that for too long, the traditional college model has delayed the real payoff — deferring meaningful mentorship, skills-building and career direction until a student’s final semesters.

Ocean freight outlook 2025: tariffs, crisis fuel chaos

Ocean freight faces uncertainty in 2025 due to Red Sea crisis, U.S.-China tariffs, and overcapacity from new vessels and shifting port strategies.

Elon Musk’s memo exposes a trust crisis in leadership

Musk’s memo sparked debate, but the real issue isn’t accountability — it’s a lack of trust, clarity, and communication in modern workplace culture.

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)

Trump’s tariffs echo Hoover-era economic missteps

Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.

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