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Business is better
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Over the past several months, there’s been a bit of a buzz about the direction of the global economy. In conversation, many business leaders will express deep concerns about inflation
Fed’s Barkin asks, ‘What’s ‘normal’ anymore?’
Fed will continue to react to inflation, he adds
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The question Tom Barkin is asked the most these days is when the economy will return to normal. The president and CEO of the Federal Reserve Bank of Richmond has
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Mighty Dream Day 1 focuses on diversity, equity
Pharrell Williams and Google, TikTok leaders among speakers
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Grammy winning music superstar Pharrell Williams put on his business hat Tuesday in Norfolk, welcoming attendees to his Mighty Dream forum, which he likened to an event like the World
Belabored shortages
Labor woes, inflation expected to persist
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Faced with a shortage of drivers, Trevor Dunlap had to find a new way to recruit interested candidates for his Chesapeake-based trucking and warehousing companies, Givens Transportation Inc. and Givens
Va. CEOs say labor shortages, inflation hurting business
Sales, employment expectations lower than Q1, Q2
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Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third
Richmond Fed: Va. gained 8,000 jobs in Sept.
Three jobs open for every unemployed person in state
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Virginia employers added 8,000 net jobs in September, marking the first month in which total employment has exceeded pre-pandemic levels, representatives from the Federal Reserve Bank of Richmond said Friday.
Fifth District economy little changed since August, Fed says
Demand for several sectors drops in face of inflation
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The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been largely unchanged since August, according to the
Fighting back
Small businesses get creative battling inflation
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Inflation and supply chain problems have pushed up the price of citric acid by 200%. That’s a problem for Crystal Wellman because citric acid is a primary ingredient in bath
Keeping watch
Banks, credit unions cautiously eye inflation, interest rates
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The question of the quarter: Are we entering a recession? One key indicator of a future recession can be inflation, which hit a 40-year high this year. Between June 2021
Va. layoffs and discharges down in June
However, 8.6% more workers quit jobs than last year
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Virginia companies put the brakes on layoffs in June, even as workers continued to seek new opportunities, refueling the Great Resignation. Virginia had 28,000 layoffs and discharges in June, a