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Jobless claims fall to 3-month low, defying tariff fears
WASHINGTON (AP) — The number of Americans filing for unemployment benefits fell last week to the lowest level in three months, a sign that the U.S. labor market remains sturdy despite fears over the impact of widespread U.S. tariffs. The Labor Department reported Thursday that jobless claims for the week ending July 12 fell by 7,0[...]
Virginia, Google partner to launch AI training courses
With artificial intelligence worming its way into almost every job sector, employees are increasingly finding themselves needing to know how to use the emerging technology to avoid being left behind. To address this, Virginia is launching an online platform that will provide job seekers free and low-cost artificial intelligence ce[...]
X CEO Linda Yaccarino steps down after two years
X CEO Linda Yaccarino said she’s stepping down after two bumpy years running Elon Musk’s social media platform. Yaccarino posted a positive message Wednesday about her tenure at the company formerly known as Twitter and said “the best is yet to come as X enters a new chapter with” Musk’s artificial intelligence company xAI, maker[...]
Nvidia becomes first $4T public company
NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. The poster child of the AI boom, Nvidia has gro[...]
Nvidia-backed AI startup to curb hungry data centers’ appetite for power
As data center growth continues to explode across Virginia and the nation, so do fears that the centers are gobbling up too much energy and straining already overtaxed electric grids. However, backed by Nvidia and other heavy hitters, a new AI startup with offices in Arlington County emerged from stealth Tuesday, stating that it a[...]
Google agrees to buy power from planned Chesterfield fusion plant
Google has signed an agreement to buy electricity from Commonwealth Fusion Systems’ planned Chesterfield County facility — expected to be the world’s first grid-scale commercial fusion power plant. The Massachusetts-based fusion energy company announced in December 2024 its plans to build the 400-megawatt facility, dubbed ARC, in[...]
Globalinx grows bandwidth at subsea cable station
Virginia’s “digital port” is significantly growing its capacity at Globalinx’s subsea internet cable landing station at Corporate Landing Business Park. A Virginia Beach-based carrier-neutral cable-landing station and data center operator, Globalinx finished construction on four new cable bores at its Sandbridge landing site in la[...]
EdgeCore to invest $17B in Louisa County data center campus
Denver-based data center developer EdgeCore Digital Infrastructure has purchased 697 acres in Louisa County to build a 3.9 million-square-foot data center campus capable of supporting more than 1.1 gigawatts of power, a total expected investment of $17 billion, according to a Wednesday announcement. According to EdgeCore, the camp[...]
Google buys $14M parcel for Botetourt data center
Google has purchased a 312-acre parcel for $14.06 million at Botetourt County's Botetourt Center at Greenfield industrial park for data center development, county officials announced Tuesday. Additionally, the Menlo Park, California-based Big Tech company has pledged to give $4 million over the next five years to support community[...]
Google offers buyouts to more workers amid AI-driven tech upheaval and antitrust uncertainty
MOUNTAIN VIEW, Calif. (AP) — Google has offered buyouts to another swath of its workforce across several key divisions in a fresh round of cost cutting coming ahead of a court decision that could order a breakup of its internet empire. The Mountain View, California, company confirmed the streamlining that was reported by several news[...]
U.S. jobless claims steady amid trade war uncertainty
WASHINGTON (AP) — U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers. New applications for jobless benefits numbered 248,000 for the week ending June 7, the Labor Department said Thursday. Analysts had forecast 244,000 new ap[...]
Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump’s trade war
CUPERTINO, Calif. (AP) — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology. The presummer rite, which attract[...]
AI startup boom ‘here to stay’ in Virginia
The introduction of OpenAI — and disruption of DeepSeek — have fundamentally changed how existing businesses operate. Indeed, nearly half of chief information officers, chief technology officers and other tech leaders report artificial intelligence was fully integrated into their companies’ core business strategies — an[...]
Commentary: Startups are winning in Virginia
Virginia is competing to win — and startups are winning in Virginia. Through Gov. Glenn Youngkin’s Compete to Win strategy, Virginia has fostered a strong, dynamic, opportunity-driven business environment — unleashing innovation and entrepreneurship, attracting early stage investment capital, and expanding startup ecosystems through[...]
Fusion power plant seeks zoning permit in Chesterfield
Commonwealth Fusion Systems has filed an application with Chesterfield County for a permit to build the world’s first grid-scale commercial fusion power plant in the county. The Massachusetts-based fusion energy company announced plans to build the 400-megawatt fusion facility, dubbed ARC, in December 2024. The power plant would l[...]
Wall Street dips as GOP spending bill shakes markets
NEW YORK (AP) — Stocks are drifting on Wall Street Thursday following a rocky week so far because of worries coming out of the bond market about the U.S. government’s debt. The S&P 500 rose 0.3% in afternoon trading, coming off a sharp loss that has it potentially heading for its worst week in the last seven. The Dow[...]
US stocks drift lower as mixed profit reports from retailers and higher Treasury yields weigh
NEW YORK (AP) — Most U.S. stocks are falling on Wednesday after some of the country’s biggest retailers gave mixed forecasts for where they see their profits heading under the uncertainty caused by President Donald Trump’s trade war. The S&P 500 was down 0.2% in afternoon trading and on track for a second straight drop after b[...]
Wall Street gains ground as China shores up its economy ahead of trade talks with the US
NEW YORK (AP) — Stocks wavered on Wall Street Wednesday as China steps up measures to shore up its economy and gears up for trade talks with the U.S. The S&P 500 index was mostly unchanged in morning trading Wednesday. The Dow Jones Industrial Average rose 147 points, or 0.4%, as of 11:07 a.m. Eastern. The Nasdaq composite fel[...]
Wall Street’s rally fades as more CEOs talk about uncertainty because of Trump’s trade war
NEW YORK (AP) — Wall Street's big three-day rally is running out of steam, and U.S. stocks are drifting in mixed trading Friday as they near the end of another roller-coaster week. The S&P 500 was 0.4% higher in afternoon trading, though the majority of stocks were falling within the index. The Dow Jones Industrial Average was[...]
Big Tech’s ‘Magnificent Seven’ heads into earnings season reeling from Trump turbulence
SAN FRANCISCO (AP) — As Big Tech kicks off its quarterly earnings season this week, the industry's bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn't anticipate when Donald Trump re-entered the White House nearly 100 days ago. Since President Trump's Jan. 20 inauguration, Big Tech sto[...]
