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BigBear.ai grabs naming rights to Commanders training facility

McLean-based government tech contractor last week announced that it partnered with the Commanders football team and secured the rights to name the team’s training facility in Ashburn.

Now named the BigBear.ai Performance Center, the 162-acre training complex houses three grass fields, an indoor turf field, draft room, team meeting rooms, full strength training and recovery facilities and an in-house content studio.

But the partnership doesn’t end there, as BigBear.ai will be featured across the fifth-floor suite level of Northwest Stadium, at suites entrances to the stadium, on the team’s practice jerseys and on other team assets.

“BigBear.ai is going on offense, and this partnership exemplifies our strategy” said BigBear.ai Kevin McAleenan in a statement. “We’re stepping onto the national stage with one of the ‘s most recognized franchises — an organization that shares our deep dedication to and excellence. Our partnership marks the first in a series of decisive moves we are taking to strengthen our position and unlock the next chapter of growth.”

The terms of the deal were not disclosed. BigBear.ai says it is looking for ways to use the company’s technology to enhance the fan experience.

Commanders Mark Clouse says he was “excited” about the partnership.

“BigBear.ai has been a proud part of this region, delivering innovation and impact from right here in our own backyard,” Clouse said. “We have been focused on building momentum across every facet of the organization, and our partnership represents the next step in advancing performance, progress, and meaningful engagement with our fans and community.”

Headquartered in , BigBear.ai is a federal contractor that provides artificial intelligence technology and services for defense, national security and critical infrastructure. The company earned $158.2 million in revenue in 2024, up from $155.2 million in revenue in 2023.

The Ashburn-based Commanders were founded in 1932 and are one of the original members of the NFL’s Eastern Division. Last month, threatened to hold up a new stadium deal for the team if it did not restore its old name of the Washington , which is considered offensive to Native Americans.

Google announces Chesterfield data center as part of $9B investment


SUMMARY:

  • is investing an additional $9 billion in Virginia by 2026 for cloud and AI infrastructure
  • Investment includes a new data center in , currently under construction
  • Other expansions planned in Loudoun and Prince William Counties

Google plans to invest an additional $9 billion in Virginia through the end of 2026, with much of the funding going toward the development of a new data center in Chesterfield County, Gov. Glenn Youngkin announced Wednesday.

The investments will be focused on cloud and infrastructure, the governor said. Google will also expand existing facilities in Loudoun and Prince William Counties and expand education and workforce development programs for Virginians.

Construction has already begun on the new data center. A Google spokesperson said the data center will be located at a 300-plus acre site at 2700 Bermuda Hundred Road near Meadowville Technology Park. While Google did not provide a specific timeline for how long the project would take, the spokesperson said data center projects typically take 18 to 24 months to complete.

The governor’s office says once the new Chesterfield County data center is complete, the facility will join the and Prince William County campuses as part of Google’s global network of . Google is eligible for data center sales and use tax exemptions on qualifying computer equipment and enabling software.

“Google’s $9 billion investment in Virginia is a powerful endorsement of our commonwealth’s in the AI economy,” Youngkin said in a statement. “As AI is increasingly part of every aspect of work, this project reinforces our commitment to preparing Virginians for the future. Investments like this not only expand Virginia’s cloud and AI infrastructure but also expand our efforts to build a future-ready workforce through initiatives like our AI Career Launch Pad. Virginia is the largest data center market in the world and remains a top-ranked hub for AI talent and , where opportunity meets preparation.”

The governor announced that all Virginia-based college students now have free access to the Google AI Pro plan for 12 months and AI training and job search support. Additionally, the University of Virginia, Brightpoint Community College and Community College are among the first cohort of universities that are part of the Google AI for Education .

“With today’s announcement, Google is deepening our roots in Virginia [and] extending our investments across the state to help position Virginia — and America — for the opportunities technology can deliver,” Alphabet and Google President and Chief Investment Officer Ruth Porat said in a statement. “Google’s investments in technical infrastructure and AI skills development help to ensure that across Virginia and across the United States have access to opportunity in this exciting era of American innovation.”

Google did not share details about the size and scope of the data center project, cost estimates for the data center, estimates on how many jobs the project would bring or details on what the expansions in Loudoun and Prince William Counties will entail.

 

CoStar completes $1.9B acquisition of Domain

Arlington County-based data and analytics company announced Wednesday that it has completed its $1.9 billion of Australian property listings platform .

Domain reaches an average of 7 million Australians each month, said.

“Today marks an important milestone as CoStar Group and Domain officially come together to redefine the Australian property market,” Andy Florance, founder and of CoStar Group, said in a statement. “For too long, agents, buyers and vendors have faced an unbalanced marketplace dominated by an intention to extract value rather than deliver it. Our vision is different. We are building a more compelling user experience at a lower cost — driving greater value for agents, vendors, and buyers alike. We are the agent’s ally, and we will never operate at their expense.”

In May, CoStar announced the acquisition would be 3 billion in Australian dollars, roughly $1.9 billion in U.S. dollars. Now that the acquisition is complete, CoStar is working to integrate Domain into the company and accelerate the rollout of technology and customer solutions in Australia.

Earlier this year, it was announced that CoStar agreed to pay Domain shareholders AU $4.43 per share, equivalent to approximately $2.85 in U.S. dollars.

CoStar could not be immediately reached for comment regarding questions about the role Domain Jason Pellegrino will play in the combined company, the number of Domain employees who will be integrated into the combined company and whether there will be layoffs.

Based in Sydney, Domain owns several property brands, including Domain, Allhomes, Commercial Real Estate, Domain Insight and Pricefinder.

Costar’s Homes.com brand retained second place in the nation for residential real estate listings based on monthly unique visitors, Florance said in May.

“We dismantled market dominance in the U.S. by transforming Homes.com into a true agent-friendly platform, and we are ready to apply that same proven playbook in Australia,” he said Wednesday.

The acquisition comes as CoStar is suing Zillow for alleged copyright infringement, claiming that the competitor is illegally using tens of thousands of CoStar’s copyrighted images illegally on its real estate listings sites and partnership network sites.

Before the acquisition, CoStar had more than 6,800 employees across 72 offices in 13 countries. The company established a global operations center in in 2016 and has since grown that office to over 2,350 employees, becoming one of the area’s larger employers. This year, the company moved its headquarters from , D.C., to Arlington.

Developer pulls out of massive Charles City County data center

SUMMARY:

  • withdrew plans for a 515-acre data center in
  • Residents opposed noise and future industrial land use
  • Company cited concerns about site readiness

Kansas-based development company Diode Ventures has backed out of a massive data center campus in Charles City County, following significant opposition to the project.

The center would have been located about 20 miles outside of . The company had sought to rezone five properties totaling about 515 acres from agricultural to light industrial for the development of the Roxbury Technology Park campus. The site, which is about three-fifths the size of New York’s Central Park, is bordered by Charles City, CC and Roxbury roads. Diode Ventures submitted an application with the county in March.

Charles City County Director of Community Development Gary Mitchell said the application was unanimously approved by the but faced opposition from neighboring residents. Criticisms included fears about noise and objections to the land transforming into an industrial use. However, Mitchell noted that while the land wasn’t zoned for industrial, a land use plan called for it to be changed to industrial use at some point.

The county board of supervisors in June tabled voting on the application to Aug. 26. But Mitchell said that Diode withdrew the application last week without providing much explanation.

A Diode Ventures spokesperson on Tuesday provided a statement saying the company has spent the better part of two years working in the county to analyze the site for data center development while adjusting its application based on community feedback.

“During that time, we also identified ways the community would benefit — such as improved local infrastructure, significant new tax revenue streams and job training initiatives,” the spokesperson said.

However, after careful consideration, Diode said it notified the supervisors on Aug. 18 that it would withdraw its applications for the site.

“Despite the county planning commission’s support of the project earlier this year, we made the decision to shift our focus elsewhere based on the results of conversations with our local collaborators and analysis of the site’s availability to be shovel-ready with power and municipal support,’ the spokesperson said. “Moving forward, Diode is committed to seeking opportunities to align future projects and their associated substantial financial and infrastructure benefits with the needs and values of the communities where we operate — much like we have in places like Kansas City, where we have helped bring millions of dollars to schools and job training efforts. We thank those who engaged with us during this process, and we wish Charles City County success. ”

County supervisors could not be immediately reached for comment.

The county’s staff report for the project described digital commerce as “the next industrial revolution,” saying it was “vitally important” that the county be included in the new digital economy.

The project was expected to generate between 800 to 1,200 construction jobs during peak construction, according to Diode’s website. The website also says that the project would have created between 50 to 100 full-time permanent jobs once operational.

, despite being an attractive tax revenue opportunity for localities’ coffers, have become increasingly subject to opposition by residents throughout the state. In June, Chesapeake City Council unanimously voted to deny a rezoning request that would have allowed Hampton Roads’ first major data center, and in April, a Herndon data center developer withdrew its $8.85 billion proposal for a data center campus and natural gas power plant in Pittsylvania County.

, aka Data Center Alley, in March approved a new regulation policy for data centers, eliminating them as a by-right use, although 24 applications were grandfathered in. As of February, the county had approximately 46 million square feet of data centers constructed or with a building permit issued, and about 61.5 million square feet of potential data center development.

Amentum wins $4B Space Force contract

Chantilly-based government contractor , through its subsidiary Jacobs Technology, has been awarded a contract of up to $4 billion from the United States to provide and services.

The 10-year Force Range Contract seeks Amentum’s help to modernize space launch operations.

“Amentum will execute this contract to ensure the Space Force maintains assured access to space in support of national security, exploration and commercial missions,” said Mark Walter, of Amentum’s engineering and technology group, in a statement.

Under this contract, the company will provide systems engineering, cybersecurity, integration, logistics, sustainment, operations and program management services to support Assured Access to Space, the largest organization within Space Systems Command. It will also update the Launch and Test Range System — a complex network supporting launch and test activity.

The company says modernizing the LTRS will enable a high-cadence, multiuser spaceport model for national security, space exploration and commercial launch operations.

Amentum’s initiatives will include recruiting and retaining low-density or high-demand technical talent such as machinists, radar specialists, data scientists and engineers.

The indefinite delivery/indefinite quantity contract started on June 1, according to an announcement from last week. Work will take place across both the Eastern and Western Ranges, including Patrick Space Force Base, Cape Canaveral Space Force Station, Vandenberg Space Force Base and several geographically separated units.

Virginia’s chance to legalize marijuana right

SUMMARY:

  • Executive director of Virginia-based nonprofit discusses goals in regulated adult-use market in Virginia
  • State lawmakers are set to take up matter in upcoming session after legalizing medical marijuana
  • Learn from other states’ experiences, keep taxes below 15% and invest locally, writes Chelsea Higgs Wise

As Virginia lawmakers craft the licensing framework for a regulated adult-use cannabis market, there are many lessons to be learned from other jurisdictions. Virginia has a unique opportunity to legalize it right — demonstrating that reparative justice and local economic prosperity can go hand-in-hand — while not overlooking the pitfalls of others.

Don’t allow monopolies. Canada’s legalization system allows an individual license holder to both grow the product and run the consumer stores that sell it. Nevada and Florida have similarly allowed vertical integration, as has Virginia with medical marijuana. In all cases, a few large “seed-to-sale” corporations have captured the market, squeezing out both small growers and small local sellers. state, by comparison, prohibited vertical integration and limited the number of sites any single company could operate, leading to a healthy community of independent businesses. New York went even further by capping licenses per entity, and banning predatory management agreements that let large firms use equity licensees as fronts.

Lesson learned: Build a competitive, two-tiered market. By separating producers and retailers, we prevent any one business from controlling the supply chain. Prioritize licenses for small businesses — including legacy and farmers. Absent strong legislation, Virginia’s adult cannabis market is likely to emulate its medical marijuana market, which has been dominated by a handful of out-of-state, multimillion dollar corporations. Virginia’s legislators have the opportunity to ensure our small Virginia businesses are included in all phases and stages of this industry.

Make sure the regulated market can compete with the illicit market. In Michigan, the eagerness for immediate tax revenue led to a process that flooded the market. With so many licenses, prices collapsed and eventually drove many licensees out of business, which also led to a reduction in revenue. Virginia’s medical marijuana monopoly has driven prices so high that many of our most vulnerable medical patients choose to either stick with the illicit market or drive to Maryland. 

Lesson learned: Build a smart, strategic rollout. We’re all eager to launch legal access, but it’s critical that we legalize a competitive and sustainable market. Yes, we need to be able to quickly ramp up to at least one licensed store per 25,000 residents. At the same time, we need to be sure we’ve heard from all localities, researched market demand and created a network of resources that support our local entrepreneurs. Focusing on the short-term or immediate revenue gains will not allow Virginia to fully realize the potential of this industry on our economy.

Lesson learned: Keep combined state and local taxes at or below 15%. Excessive taxes will increase prices that simply fuel the illicit market. We must tax cannabis at a rate that keeps the prices competitive. 

Keep the focus on our goals. Virginia legislators made clear when they voted to legalize cannabis in 2021 that one key goal was repairing Black, rural, and other communities hurt by unfair drug policies of the past. Investing in repair is not just a moral imperative, it’s sound economic strategy. A 2022 study by Supernova Women / Cannabis Impact Fund found that for every dollar invested in a social equity program, there is a projected $1.20 return in the form of new tax revenue, increased economic activity, and reduced social costs. Washington state regulators, for all their success encouraging small businesses, failed to prioritize their equity goals. Minority-owned businesses in Washington continue to struggle in getting a foothold in the industry that once targeted their community.

Lesson learned: Invest in impacted , communities and local farmers. New York law, for example, calls for half of the licenses issued to go to people from impacted communities and those with past cannabis convictions. Focusing on harms based on evidence while avoiding litigation will be a delicate balance, but is both absolutely necessary and achievable for Virginia.

The choice is clear: Design a market rooted in fairness, competition and repair that will benefit the commonwealth for generations to come rather than ignoring the lessons learned from other states for big money now. By embedding safeguards against consolidation, investing in the repair of impacted people and communities, and ensuring fair competition, Virginia can legalize cannabis right, with a strong, local industry that creates wealth broadly, boosts revenue and keeps consumers safe.

Chelsea Higgs Wise, MSW, is the co-founder and executive director of Virginia-based nonprofit Marijuana Justice. Wise serves on the national United for Marijuana Decriminalization Coalition steering committee, as well as the Global Justice in Emerging Cannabis Cohort.

Activation Capital taps new CEO

Richmond tech announced Tuesday that it has appointed Michael Steele as and .

He succeeds Robert Ward, who has served as interim CEO since July 2024. Ward took on the role following the departure of Chandra Briggman, who left to pursue other opportunities.

Activation Capital is an accelerator arm of the Virginia Biotechnology Research Partnership Authority, a  political subdivision of the state government. Activation Capital aims to commercialize local biohealth research and build a biohealth hub in Central Virginia. It connects entrepreneurs and researchers, provides lab facilities and office , offers networking opportunities and has accelerator programs.

Steele, a Virginia native, has over two decades of experience in therapeutic, diagnostic and research industries and has worked in general management, corporate development, commercial and operational roles. He has held senior leadership positions at organizations such as Biocartis, Chembio Diagnostics, SeraCare Life Sciences and Serologicals.

He has an MBA and a bachelor’s degree from James Madison University and completed the Senior Leadership Program at Vlerick Business School in Brussels.

“Activation Capital’s mission depends on exceptional leadership, and Michael brings the vision, expertise and collaborative spirit needed to position the organization for even greater impact,” said Michael Rao, president of Virginia Commonwealth University and chair of the Activation Capital Board, in a statement. “We are excited to bring him on board.”

In the past year, Activation Capital launched the Frontier BioHealth accelerator and showcase, welcomed its inaugural cohort of 10 high-growth and expanded Start-the-Journey, a pre-accelerator for emerging founders. The organization also secured a multimillion-dollar GO Virginia grant to scale biohealth sector development.

“I am energized and honored to lead Activation Capital at this pivotal moment,” said Steele in a statement. “We’re building on a strong foundation, growing our programs, supporting even more entrepreneurs, and expanding our impact across the commonwealth. In our mission of elevating Virginia’s life science ecosystem, my goal is simple yet impactful: create meaningful jobs and attract investments to catalyze our researchers, entrepreneurs, and partners to bring to life, right here in the commonwealth.”

Activation Capital is headquartered in Biotech Center, part of the 34-acre Virginia Bio+Tech Park. Virginia Biotechnology Research Partnership Authority aims to disseminate knowledge about scientific and technological research and is governed by a nine-member board of directors.

Wall Street holds steady just below recent records

Summary

Wall Street capped a choppy day of trading Tuesday with slight gains for stocks, leaving the major indexes just below their recent all-time highs.

The S&P 500 closed 0.4% higher after wavering between small gains and losses for much of the day. The benchmark index finished just 2.6 points below its record high set earlier this month and short of recouping all of its losses from the day before.

The Industrial Average also bounced back from an early slide, finishing with a 0.3% gain. The Nasdaq composite added 0.4%.

The market’s uneven start to the week comes after Wall Street notched big gains last week on hopes for interest rate cuts from the Federal Reserve.

Gains in technology, financial and industrial stocks helped outweigh losses in communication services and other sectors. Chipmaking giant Nvidia rose 1.1% and JPMorgan Chase added 1.2%.

Boeing rose 3.5% for one of the biggest gains among S&P 500 companies after Korean Air announced a $50 billion deal with the company that includes buying more than 100 aircraft. Dish Network parent EchoStar surged 70.2% after AT&T said it will buy some of its wireless spectrum licenses in a $23 billion deal.

Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury fell to 4.26% from 4.28% late Monday.

The broader market remained subdued following ‘s escalation of his fight with the Federal Reserve. On Monday, he said that he’s removing Federal Reserve Governor Lisa Cook. Cook’s lawyer said she’ll sue Trump’s administration to try to prevent him from firing her.

It marks the latest escalation in his dispute with the central bank over its cautious interest rate policy. The Fed has held rates steady since late 2024 over worries that Trump’s unpredictable tariff policy will reignite inflation. Trump has also threatened to fire Fed Chair Jerome Powell, often taunting him with name-calling. Still, he is only one of 12 votes that decides interest rate policy.

“We will continue to monitor rising political pressure on the Fed but expect its decision-making to remain guided by its mandate in the near term,” said Ulrike Hoffmann-Burchardi, chief investment officer for the Americas and global head of equities at UBS Global Wealth Management.

Wall Street is still betting that the Fed will trim its benchmark interest rate at its next meeting in September. Traders see an 87% chance that the central bank will cut the rate by a quarter of a percentage point, according to data from CME Group.

The two-year Treasury yield, which more closely tracks expectations for Fed action, slipped to to 3.68% from 3.73% late Friday.

The Federal Reserve spent much of the last several years fighting rising inflation by raising interest rates. It managed to mostly tame inflation and avoided having those higher rates stall economic growth, thanks largely to strong consumer spending and a resilient .

The Fed started shifting its policy by cutting its benchmark interest rate late in 2024 as the rate of inflation neared its target of 2%. It decided to hit the pause button heading into 2025 over concerns that Trump’s unpredictable tariff policy could reignite inflation. Lower interest rates make borrowing easier, helping to spur more investment and spending, but that could also potentially fuel inflation.

The Fed and Wall Street will get another update on inflation Friday, when the U.S. releases the personal consumption expenditures index. Economists expect it show that inflation remained at about 2.6% in July, compared with a year ago. Businesses have been warning investors and consumers about higher costs and prices because of tariffs.

The Fed has recently become more worried about the state of the employment market, which has shown signs of weakening. Aside from keeping inflation in check, the central bank is tasked with using its tools to help maintain a healthy job market. It will get another big update on the employment market in early September, ahead of its next policy meeting.

declined modestly in August as anxiety over a weakening job market grew for the eighth straight month. The small decline from The ‘s monthly survey was mostly in line with economists’ projections.

Crude oil prices fell. European and Asian markets closed lower.

All told, the S&P 500 rose 26.62 points to 6,465.94. The Dow gained 135.60 points to 45,418.07, and the Nasdaq added 94.98 points to 21,544.27.

Trump administration threatens some funding for 3 states for not enforcing trucker English rules

Summary

California, Washington and New Mexico could lose millions of dollars of federal funding if they continue failing to enforce English language requirements for truckers, Transportation Secretary said Tuesday.

An investigation launched after a deadly Florida crash involving a foreign truck driver who made an illegal U-turn on Aug. 12 found what Duffy called significant failures in the way all three states are enforcing rules that took effect in June after one of ‘s executive orders. He said the department was also already reviewing how states were enforcing the rules before the crash.

Truckers are supposed to be disqualified if they can’t demonstrate English proficiency and Duffy said the driver involved in the crash that killed three should not have ever been given a commercial driver’s license because of his immigration status. But the crash has become increasingly political with the governors of California and Florida criticizing each other and Duffy highlighting the Trump administration’s immigration concerns in interviews.

But Duffy said Tuesday that it is a safety issue — not a political one — because truckers need to understand road signs and be able to communicate with law enforcement about what they are hauling if they are pulled over or what happened if there is an accident.

“This is about keeping safe on the road. Your families, your kids, your spouses, your loved ones, your friends. We all use the roadway, and we need to make sure that those who are driving big rigs — semis — can understand the road signs, that they’ve been well trained,” Duffy said.

Duffy says these states aren’t enforcing the rules

The Transportation Department said California has conducted roughly 34,000 inspections that found at least one violation since the new language standards took effect requiring truck drivers be able to recognize and read road signs and communicate with authorities in English. But only one inspection involved an English language rules violation that resulted in a driver being taken out of service. And 23 drivers with violations in other states were allowed to continue driving after inspections in California.

He cited similar statistics for the other states with Washington finding more than 6,000 violations of safety rules during inspections, but only pulling four drivers out of service for English language violations. New Mexico has not placed any drivers out of service since the rules took effect.

Duffy said the states will lose money from the Motor Carrier Safety Assistance Program if they don’t comply with the rules within 30 days. Duffy said California could lose $33 million, Washington could lose $10.5 million and New Mexico could lose $7 million. The states did not immediately respond to the proposed sanctions that were announced before officials start their day on the West Coast.

Florida crash killed three people

Three people were killed when truck driver Harjinder Singh made an illegal U-turn on a highway, according to Florida’s Highway Patrol. He is being held without bond after being charged with three state counts of vehicular homicide and immigration violations.

A nearby minivan slammed into Singh’s trailer as he made the turn on a highway about 50 miles (80 kilometers) north of West Palm Beach. Singh and his passenger were not injured.

Diamond R. Litty, the elected public defender in St. Lucie County, said her office was provisionally assigned to Singh’s case during his initial appearance Saturday morning. A review of his finances will determine whether Litty’s office remains on the case.

Litty said her office will focus on the criminal charges against Singh, who is presumed innocent, but they will also work with an immigration attorney to determine how Singh’s status affects the case. After more than three decades at her position, Litty said she can’t recall a case that garnered more attention than this one.

“Unfortunately, Mr. Singh has been caught in the crosshairs of politics,” Litty said.

But the head of the Owner-Operator Independent Drivers Association trade group that represents small-business truck drivers praised Duffy’s announcement.

“Basic English skills are critical for safely operating a commercial motor vehicle — reading road signs, following emergency instructions, and communicating with law enforcement are not optional. The fatal crash in Florida this month tragically illustrates what’s at stake,” the group’s , Todd Spencer, said.

Federal officials say truck driver was in U.S. illegally

The Department of Homeland Security has said Singh, a native of India, was in the country illegally. So Duffy said he should not have been granted a commercial driver’s licenses by Washington and California. He said New Mexico should have pulled Singh off the road for not speaking English after he was pulled over in July because he later failed a test given by DOT investigators after the Florida crash.

California is one of 19 states, in addition to the District of Columbia, that issues licenses regardless of immigration status. Supporters say that lets people work, visit doctors and travel safely.

But in addition, California Gov. Gavin Newsom’s press office posted on the platform X that Singh obtained a work permit during Trump’s first term, which Homeland Security officials disputed. Newsom also said the permit was renewed in April and federal officials have not addressed that.

Florida authorities have said Singh entered the U.S. illegally from Mexico in 2018. Republican Gov. Ron DeSantis said Tuesday that Singh should have never received a commercial driver’s license.

“You’re not allowed to issue a CDL to somebody who is not in this country legally. You’re not allowed to issue a CDL to somebody who is not capable of understanding traffic signs,” DeSantis said, calling the crash an “avoidable tragedy.”

U.S. consumer confidence dips in August on job worries

Summary

  • index fell to 97.4 in August
  • Decline driven by rising anxiety
  • Expectations index dropped to 74.8, below recession marker
  • Current economic conditions index also edged lower

(AP) — Americans’ view of the declined modestly in August as anxiety over a weakening job market grew for the eighth straight month.

The said Tuesday that its consumer confidence index ticked down by 1.3 points to 97.4 in August, down from July’s 98.7, but in the same narrow range of the past three months.

The small decline in confidence was in line with the forecasts of most of the economists who were surveyed.

A measure of Americans’ short-term expectations for their income, business conditions and the job market fell by 1.2 points to 74.8, remaining significantly below 80, the marker that can signal a recession ahead.

Consumers’ assessments of their current economic situation also fell modestly, to 131.2 in August from 132.8 in July.

While the unemployment and layoffs remain historically low, there has been noticeable deterioration in the labor market this year and mounting evidence that are having difficulty finding jobs.

U.S. employers added just 73,000 jobs in July, well short of the 115,000 analysts expected. Worse, revisions to the May and June figures shaved 258,000 jobs off previous estimates and the unemployment rate ticked up to 4.2% from 4.1%.

That report sent financial markets spiraling, spurring to fire Erika McEntarfer, the head of Bureau of Labor Statistics, which tallies the monthly employment numbers.

Another government report showed that U.S. employers posted 7.4 million job vacancies in June, down from 7.7 million in May. The number of people quitting their jobs — a sign of confidence in their prospects elsewhere — also fell.

More jobs data comes next week when the government releases its August job gains and June job openings reports.

The Conference Board’s report said that references to high prices and inflation increased again and were often mentioned in tandem with tariffs.

Other government data this month showed that while prices at the consumer level held fairly steady from June to July, U.S. wholesale inflation surged unexpectedly last month. Economists say that’s a sign that Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way.

The share of consumers expecting a recession over the next year rose in August to the highest level since April, when Trump’s tariff rollout began.

The share of survey respondents who said they intended to buy a car in the near future rose, while those planning to purchase a home remained stable after July’s decline.

Those saying they planned to buy big-ticket items like appliances fell, but there were big variations among product categories. Respondents who said they planned to take a vacation soon, either inside of the U.S. or abroad, also declined.