Please ensure Javascript is enabled for purposes of website accessibility

Other Top Stories

CoStar Group Inc. plans to add 750,000 more square feet to its holdings in Richmond, adding an estimated 2,000 jobs. Rendering courtesy CoStar Group Inc.

CoStar to purchase Australian property listings platform for $1.9B

Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire Domain, an Australian property listings platform, for 3 billion in Australian dollars, or $1.9 billion in U.S. dollars. 

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

latest news

A glass-fronted building in the left side of the frame has "Norfolk Casino" lettering on it. A pool and lounge chairs are shown, as well as a waterfront with sailboats in the water.

Norfolk casino developer pledges $1M to NSU

Boyd Gaming, the company behind the $750 million Norfolk casino, pledged $1 million to Norfolk State University to support its business school’s tourism and hospitality management program.

Industries

Port of Virginia expects a reduction in imports from China due to President Trump's tariffs. Photo courtesy Port of Virginia

Port of Virginia CEO expects decline in Chinese imports over Trump’s trade war

Virginia Port Authority Executive Director and CEO Stephen A. Edwards said Thursday at this year's State of the Port address that President Donald Trump's tariffs are causing significant uncertainty in the port and trade sector.

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

Wall Street drifts as it waits for a highly anticipated US-China meeting on trade

U.S. stocks drift as Wall Street eyes U.S.-China trade talks in Switzerland. Lyft, TSMC, and Insulet rally while Expedia and Sweetgreen fall.

Government

Color-coded map shows the distribution of this week’s continued claims in Virginia’s counties and cities. Map courtesy Virginia Works

Virginia unemployment claims rise amid federal layoffs

Virginia jobless claims rose in early May, with experts citing federal spending cuts, tariffs and contract reductions as key factors in the surge.

People

Karen Horn Welch. Photo courtesy University of Richmond

University of Richmond office hires CIO for endowment, assets

Karen Welch will become CIO of Spider Management, the University of Richmond’s investment office, which manages endowments for UR and nonprofits, on July 1.

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

Two dolls instead of 30? Toys become the latest symbol of Trump’s trade war

Air traffic controllers for Newark airport briefly lose radar access again

Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year

Democrats block stablecoin bill as they raise concerns about Trump’s crypto ventures

‘Hands tied’: Athletes left in dark as NCAA settlement leaves murky future for nonrevenue sports

Trump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain

Fed holds interest rate at 4.3% amid tariff and inflation uncertainty

FAA plans radar, staffing fixes at Newark airport

Switzerland's Economy Minister Federal Councillor Guy Parmelin, left, shakes hands with Chinese Vice Premier He Lifeng, right, next to Switzerland's President Karin Keller-Sutter, center, during a bilateral meeting between Switzerland and China, in Geneva, Switzerland, on Friday, May 9, 2025. (Martial Trezzini/Keystone via AP, Pool)

Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope

U.S. and Chinese officials meet in Geneva to ease a growing tariff war, with global trade and economic stability hanging in the balance.

FILE - Travelers check American Airlines flight information screens for their flight status at O'Hare International Airport in Chicago, Wednesday, Feb. 22, 2023. (AP photo/Nam Y. Huh, File)

More warning signs emerge for US travel industry as summer nears

Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.

FILE - President Donald Trump speaks at an education event and executive order signing in the East Room of the White House in Washington, March 20, 2025. (AP Photo/Jose Luis Magana, File)

Judge pauses much of Trump administration’s massive downsizing of federal agencies

A judge blocked the Trump administration’s sweeping federal job cuts, ruling that major agency reductions require congressional cooperation.

An offshore wind project for New York may be abandoned over Trump administration delays

Equinor warns it may scrap Empire Wind after Trump halts work; $2.5B project in jeopardy as construction pause costs up to $50M weekly.

As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims

Trump raises China tariffs to 145%, sparking retaliation and global market jitters as trade talks begin in Geneva with no clear resolution in sight.

More stories

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.

More stories