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Virginia budget...

Virginia budget with data center tax moves to Spanberger’s desk

Virginia legislators passed a compromise biennial budget Monday that includes an electricity consumption tax on data centers that will bring in $1.2 billion in revenue over the next two years.

Thalhimer files...

Thalhimer files response to Flying Squirrels owner’s defamation lawsuit 

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University of Richmond's women's lacrosse team. Photo courtesy University of Richmond

Former University of Richmond rector makes $10M gift

Paul and Anne-Marie Queally donated $10 million to help build a new University of Richmond lacrosse facility, expected to open in 2029.

Industries

The New Year's eve ball ascends on the day of SpaceX's initial public offering (IPO) in New York City, U.S., June 12, 2026. REUTERS/Brendan McDermid

Richmond attorneys among advisory team for landmark SpaceX IPO 

Hunton Andrews Kurth attorneys from Richmond advised SpaceX on its historic $85.7 billion IPO, the largest public offering in Wall Street history.

Real Estate

Cupid at The Cavalier Hotel

Cavalier Hotel resort sold to Connecticut firm

The Cavalier Resort at Virginia Beach’s Oceanfront has been sold to Connecticut-based real estate investment firm Wheelock Street Capital.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. REUTERS/Brendan McDermid

Stocks flat, oil falls as rate worries offset Iran talks optimism

Global stocks were mostly flat and oil prices fell as optimism over U.S.-Iran talks was offset by expectations of higher interest rates and rising U.S. Treasury yields.

Government

Depositphotos

Arlington cyber warfare startup raises $100M, reaches unicorn status

Twenty Technologies announced that it has raised $100 million in a Series B round and reached unicorn status with a $1 billion valuation.

People

CACI International announced that David Young has joined the company as executive vice president and chief operating officer. Photo courtesy CACI

CACI appoints new COO

CACI International announced that David Young has joined the company as executive vice president and chief operating officer.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

Virginia Top Projects & Real Estate Deals

July 28th, 2026 - 5:30 PM

Top Projects is an annual recognition program honoring the most outstanding building and construction projects completed across Virginia ove[...]

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

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

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

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Around The Nation

Trump says Apple to partner with Intel on US chip design, production

Trump administration to pay $765M to scrap four more offshore wind leases

Fed begins Warsh era by keeping rates on hold, sees one hike later this year

SpaceX vaults past Amazon’s market value as options listing fuels surge

SpaceX IPO haul rises to $85.7B after underwriters exercise greenshoe

SpaceX locks in $60 billion Cursor deal to power AI coding push

Global shippers cautious on Hormuz transit despite US-Iran deal

Yum Brands to sell Pizza Hut for $2.7B after prolonged demand slump

Secret Service police members walk down the stairs at Buergenstock Resort Lake Lucerne on the day of talks between the U.S., Iran, Pakistan, and Qatar at the Lake Lucerne Summit, aimed at advancing a deal to end the Middle East conflict, near Stansstad, Switzerland, June 21, 2026. REUTERS/Nathan Howard/Pool

Oil falls 4% after US-Iran talks signal easing supply risks

Oil prices fell 4% after US-iran talks signaled easing supply risks and the strait of Hormuz reopened, impacting global crude markets.

SpaceX employees cross the road as they go to work at the SpaceX facility in Hawthorne on the day of their company's IPO, in Hawthorne, California, U.S. June 12, 2026. REUTERS/Mike Blake

SpaceX launches notes offering, discloses $100.8B cash balance

SpaceX launched an offering of senior unsecured notes and disclosed a cash balance of $100.8 billion as of June 19, following its Nasdaq debut.

Former Federal Reserve Chair Alan Greenspan speaks at a Brookings Institution forum on "Achieving Strong Economic Growth" in Washington April 8, 2015. REUTERS/Yuri Gripas

Alan Greenspan, longtime US Federal Reserve chairman, dies aged 100

Alan Greenspan, former US Federal Reserve chairman, died at 100. He led the Fed from 1987 to 2006, influencing US economic policy and facing criticism for the 2007 financial crisis.

Luigi Mangione appears for a pre-trial hearing at Manhattan Criminal Court in New York, U.S., Wednesday, June 17, 2026. Angelina Katsanis/Pool via REUTERS

Luigi Mangione plans ‘extreme emotional disturbance’ defense at CEO killing trial 

Luigi Mangione plans to use an extreme emotional disturbance defense in the trial for the fatal shooting of UnitedHealthcare CEO Brian Thompson in Manhattan.

A person points to an iPhone during Apple's event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2025. REUTERS/Manuel Orbegozo

Apple to raise prices due to memory chip shortage, CEO tells WSJ

June 17 (Reuters) – Apple plans to raise prices on its products to offset increasing memory and storage chip costs, CEO Tim Cook told the Wall Street Journal in an interview. A surge in AI-driven demand for data centers has forced consumer electronics companies into a fierce competition for dwindling supplies of the key components, […]

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Opinion

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Bridging the workplace soft-skills gap across generations

Why Virginia’s one-term limit for governors deserves a second look

The December question every leader should anticipate

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

Economic Development 2025: BELCHER, JONATHAN S.

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

WILLIAM G. ‘BILL’ CRUTCHFIELD JR.

Commentary: Entrepreneurs, think creatively

Bill Crutchfield, founder of Crutchfield Corp. in Charlottesville, shares how unconventional thinking drove his company's success.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

Are your best people leaving over money — or this?

COVID did something to us that a decade of wellness programs never could. It forced us to look directly at our own mortality and ask with unusual honesty, is this how I want to spend my time? That question did not stay at the dinner table. It followed people into their offices, their Zoom calls […]

Maritime and logistics can lift the commonwealth

Maritime and logistics can lift the commonwealth

Virginia Maritime Association's executive director on state's maritime industry

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