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Virginia Democrats...

Virginia Democrats reject more Youngkin university board appointees

Three high-ranking Senate Democrats have sent a letter to the governor asking him to suspend future board appointments until he discusses them with Senate leadership.

AstraZeneca to...

AstraZeneca to locate pharma plant in Albemarle

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BigBear.ai grabs naming rights to Commanders training facility

BigBear.ai grabs naming rights to Commanders training facility

BigBear.ai has partnered with the Washington Commanders football team and secured the rights to name the team's training facility in Ashburn.

Industries

CoStar makes deal to move into Arlington HQ in early 2025

CoStar completes $1.9B acquisition of Domain

CoStar Group announced Wednesday that it has completed its $1.9 billion acquisition of Australian property listings platform Domain.

Real Estate

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

30-year mortgage rate steady at 10-month low

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year […]

Money

Wall Street edges higher and pushes S&P 500 to another record

Wall Street edges higher and pushes S&P 500 to another record

Modest gains on Wall Street lifted the stock market to an all-time high Wednesday ahead of a highly anticipated earnings update from computer chip giant Nvidia. The S&P 500 rose 0.2%, good enough to nudge the benchmark index past the record high it set two weeks ago. The Dow Jones Industrial Average rose 0.3% and the […]

Government

Manufacturing 2025: ROBERT H. SPILMAN JR.

Amentum wins $4B Space Force contract

Amentum has been awarded a contract of up to $4 billion from the United States Space Force to provide engineering and cybersecurity services.

People

Michael Steele has been appointed president and CEO of Activation Capital. Photo Courtesy Activation Capital.

Activation Capital taps new CEO

Richmond tech incubator and accelerator Activation Capital announced Tuesday that it has appointed Michael Steele as president and CEO.

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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[...]

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Around The Nation

AT&T snatches up wireless spectrum licenses from EchoStar for $23 billion

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control

Elon Musk sues Apple, OpenAI in antitrust AI lawsuit

Powell signals possible Fed rate cut, faces Trump pressure

European postal services halt U.S. package shipments

Keurig Dr Pepper buys Peet’s for $18 billion and plans split into coffee and beverage companies

Trump says Intel agreed to give US a stake in its company

Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr.

Trump extends control over Washington by taking management of Union Station away from Amtrak

Trump extends control over Washington by taking management of Union Station away from Amtrak

WASHINGTON (AP) — President Donald Trump’s administration is taking management of Union Station away from Amtrak in the latest example of the federal government exerting its power over the nation’s capital. Transportation Secretary Sean Duffy announced the takeover Wednesday alongside Amtrak President Roger Harris at Washington’s main transportation hub during the launch of an updated version of the rail service’s Acela train. The […]

Cracker Barrel had good reasons to rebrand.

Cracker Barrel had good reasons to rebrand.

Like its namesake barrels that transported soda crackers until boxes replaced them, Cracker Barrel needed to change. The restaurant chain’s new CEO, Julie Felss Masino, laid out the argument to investors last year: Cracker Barrel’s customer traffic was down 16% compared to 2019. Research showed consumers thought the brand fell short of competitors in essential ways, from […]

Nvidia’s latest quarter shows signs of slowing AI chip sales amid concerns of tech bubble

Nvidia’s latest quarter shows signs of slowing AI chip sales amid concerns of tech bubble

SAN FRANCISCO (AP) — Nvidia’s sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated during the company’s latest quarter, a letdown likely to stoke worries that the AI craze has been fool’s gold. The results announced Wednesday were hotly anticipated because Nvidia has emerged as a bellwether of a two-year-old […]

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

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

Transportation Secretary Sean Duffy says California, Washington and New Mexico risk losing federal funds over trucker English enforcement.

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

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

Americans’ confidence in the economy slipped in August as job market concerns rose, with the index falling to 97.4 from 98.7 in July.

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Opinion

OurView: Nothing new under the sun in Virginia politics

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

Chelsea Higgs Wise is co-founder and executive director of Virginia-based nonprofit Marijuana Justice. Photo by Keshia Eugene

Virginia’s chance to legalize marijuana right

As Virginia lawmakers craft the licensing framework for a regulated adult-use cannabis market, there are many lessons to be learned from other jurisdictions.

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 […]

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