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Eric Scorsone is the executive director of the Weldon Cooper Center for Public Service at the University of Virginia. Photo courtesy U.Va.

Virginia could lose 32,000 jobs in 2025, U.Va. estimates

Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new forecast by the University of Virginia’s Weldon Cooper Center for Public Service.

FILE - A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)

Microsoft to lay off about 3% of its workforce

latest news

Saddle Creek Logistics to lay off 54 Richmond employees

Florida-based Saddle Creek Logistics Services plans to lay off 54 employees at its Richmond location in July 2025.

Industries

Vaughan-Bassett sees strong domestic demand despite China tariff easing

Doug Bassett, president of Galax-based Vaughan-Bassett Furniture, said the recent developments and the ongoing uncertainty around trade are having a positive impact on the company’s business because it lacks much direct exposure to China in their supply chain.

Real Estate

Northern Virginia sees surge in housing inventory

The Northern Virginia housing market saw a significant increase in active listings in April, the Northern Virginia Association of Realtors reports.

Money

Specialist Michael Pistillo works at his post on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)

Wall Street climbs following a slowdown in inflation as the S&P 500 erases its loss for 2025

U.S. stocks rise as inflation slows and tech shares surge. AI stocks lead gains, while tariffs and Fed policy keep investors cautious.

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

Lynchburg-based BWX Technologies has named Chief Accounting Officer Mike T. Fitzgerald as the interim CFO. Photo courtesy BWX Technologies

BWXT CFO steps down

Lynchburg-based nuclear components and fuel supplier manufacturer BWX Technologies announced that Robb A. LeMasters has stepped down from his position as executive vice president and chief financial officer. The company also announced that it has named chief accounting officer Mike T. Fitzgerald as the interim CFO.

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

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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, [...]

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[...]

Women In Leadership

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The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

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Around The Nation

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

More warning signs emerge for US travel industry as summer nears

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

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

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

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

FILE - The Boeing logo is displayed at the company's factory Tuesday, Sept. 24, 2024, in Renton, Wash. (AP Photo/Lindsey Wasson, File)

Family of Boeing whistleblower settles lawsuit with aircraft maker over his death

CHARLESTON, S.C. (AP) — The family of a former Boeing quality control manager who killed himself after lawyers questioned him about his whistleblowing on alleged jumbo jet defects has settled a lawsuit against the aircraft maker. Details of the settlement over John Barnett’s death were not disclosed in a court filing Monday. Barnett, a longtime Boeing employee, shared his […]

FILE - Andrew Witty, Chief Executive Officer of UnitedHealth Group, testifies at a Senate Finance Committee hearing examining cyber attacks on health care, and the Change Healthcare cyber attack, on May 1, 2024, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin, File)

UnitedHealth Group CEO steps down as company lowers, then withdraws financial outlook for 2025

UnitedHealth CEO Andrew Witty steps down amid rising costs. The insurer suspends its 2025 outlook; shares drop 16% after months of instability.

A container ship is moored at the port of the port of New York & New Jersey in Elizabeth, N.J., Monday May 12, 2025. (AP Photo/Matt Rourke)

Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power

Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.

Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last

U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.

Trader Americo Brunetti works on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)

Dow jumps 900 and S&P 500 climbs 2.4% following a 90-day truce in the US-China trade war

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down most of its tariffs against the other, which economists warned could start a recession and create shortages on U.S. store shelves.

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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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