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Southwest Virginia businessman and philanthropist McGlothlin dies

Jim McGlothlin, a former coal magnate, backer of the state's first casino and a prominent philanthropist, has died at the age of 85.

New Sentara...

New Sentara and VWU college to launch in January

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BridgeTower Media acquires Grace Media, leader in window coverings industry

BridgeTower Media acquires Grace Media, leader in window coverings industry

BridgeTower Media — parent company of Virginia Business and a leading provider of business intelligence, marketing solutions, and events across more than 40 specialized B2B brands — has acquired Grace Media, the company behind the International Window Coverings Expo (IWCE) and Window Fashion VISION magazine, including its digital platform www.wf-vision.com. As the premier annual event […]

Industries

Signs on Hollywood Beach in Florida for the Margaritaville Resort. Photo by Depositphotos

Not wasting away: Hooker Furnishings to launch Margaritaville collection

Hooker Furnishings will launch the Margaritaville home collection at High Point Market, thanks to an exclusive licensing partnership.

Real Estate

Average rate on a 30-year mortgage drops to lowest level since April

Average rate on a 30-year mortgage drops to lowest level since April

The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]

Money

Stocks mixed as Trump tariffs take effect worldwide

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, or […]

Government

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Virginia Beach solicits development proposals near convention center

The Virginia Beach government is seeking proposals from developers for a commercial or residential project near the city’s convention center.

People

Thalhimer taps new commercial property services leader

Thalhimer taps new commercial property services leader

Cushman & Wakefield | Thalhimer announced that Jim Roman has joining the company as new leader of commercial property services.

Healthcare

BTM Business Connect

Commonwealth Commercial Partners Expands Nashville Office with Strategic Leadership Hire

Commonwealth Commercial Partners Expands Nashville Office with Strategic Leadership Hire

Commonwealth Commercial Partners (CCP), a leading full-service commercial real estate firm, has expanded its Nashville office with the addition of Rob Hennes as Managing Director. This move supports CCP’s ongoing growth across the Southeast and strengthens its ability to provide integrated real estate services in one of the region’s most dynamic markets. Hennes brings over […]

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[...]

see all events

Around The Nation

Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

Palantir books its first $1 billion in quarterly sales and dodges DOGE axe

Boeing faces strike by 3,000 fighter jet workers

Tesla grants Musk $29B in stock after court setback

NFL on the verge of selling media assets to ESPN for an equity stake in the network, AP sources say

Trump calls on the Federal Reserve board to take full control of the central bank from Powell

US employers slash hiring as Trump advances a punishing trade agenda

Federal Reserve Governor Kugler steps down, giving Trump slot to fill

Intel’s stock tumbles after Trump says its CEO must resign

Intel’s stock tumbles after Trump says its CEO must resign

Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!” Trump […]

Trump imposes 100% tariff on imported computer chips

Trump imposes 100% tariff on imported computer chips

WASHINGTON (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age. “We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the […]

Trump’s broad tariffs go into effect just as US economic pain is surfacing

Trump’s broad tariffs go into effect just as US economic pain is surfacing

WASHINGTON (AP) — President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products […]

Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%

Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%

WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time […]

Trump will highlight Apple’s plans to invest $100 billion more in US, raising total to $600 billion

Trump will highlight Apple’s plans to invest $100 billion more in US, raising total to $600 billion

WASHINGTON (AP) — President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to […]

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Opinion

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

Getting full value out of college from day one

Ocean freight outlook 2025: tariffs, crisis fuel chaos

Elon Musk’s memo exposes a trust crisis in leadership

Trump’s tariffs echo Hoover-era economic missteps

Our View: Trump charts chaotic course in trade wars

The Mailroom: No excuses for illegal immigration

The Mailroom: No excuses for illegal immigration

I was disappointed to see that your July column about illegals had a strong liberal slant. The term “undocumented” is liberal speak for illegal entry. It’s crime. We have a legitimate entry vehicle that includes green cards and visa programs in addition to normal immigration. There is no excuse for endorsing illegal activities in the […]

Best at Work Insights: Employees’ happiness is overrated

The Manager Multiplier: How Engagement Turns Into Margin

You don’t need a billion-dollar strategy to boost your bottom line. You need a manager who gets it. Here’s the math: move a team from meh to energized, and you’ll see profits rise 23%, sales climb 18%, quality jump 14%. No new software. No flashy rebrand. Just people doing their best work. Yet most executives […]

Gregory Washington took office as the eighth president of George Mason University on July 1. Photo by Lathan Goumas

George Mason President Gregory Washington deserves to stay

George Mason faculty say President Gregory Washington has led the university to new heights and warn against politically motivated efforts to oust him.

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

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

Amid all the recent protests, debates and debacles regarding illegal immigration and the second Trump administration’s heavy-handed response to it, one truth seems to be getting lost: America is reliant on undocumented workers. In its October 2024 study, “Mass Deportation: Devastating Costs to America, Its Budget and Economy,” the left-leaning American Immigration Council found that […]

Virginia Republican candidate for lieutenant governor John Reid posted a video April 25, 2025, saying that he would stay in the race despite Gov. Glenn Youngkin's demand that he resign from the ticket.

OurView: Nothing new under the sun in Virginia politics

In late April, GOP lieutenant governor candidate John Reid posted a highly atypical campaign video on X. His political enemies within the party, Reid alleged, were staging a “coordinated character assassination attempt to force [him as] the first openly gay candidate off the Republican statewide ticket.” Gov. Glenn Youngkin, Reid said, had asked him to […]

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