Trump says the US doesn’t need Canada. America’s economy says otherwise.
The two economies remain deeply intertwined even as Trump escalates a trade war with Canada.
Economy
How the U.S. Navy is helping get oil through the Strait of Hormuz
Since May, the U.S. military has played a crucial role in getting millions of barrels...
US stocks drift lower while bonds yields rise following the latest update on inflation
Oil prices have been swinging sharply through the summer amid the Iran war.
Key inflation gauge remains elevated during Iran war and ongoing US trade fights
Inflation has worsened since the Iran war began in late February.
US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
The reason for the lackluster growth number was imports.
Canada targets steel, fish and hundreds of other goods as Trump trade war escalates
Canada has pledged to roll out “dollar for dollar” counter-tariffs.
US consumer confidence falls to lowest level in 7 months as gas prices remain elevated
Americans remain frustrated with the economy after five years of elevated inflation.
Falling oil prices help calm the stock and bond markets
The drop came even though tensions between the U.S. and Iran seemed to ratchet higher.
Trump’s trade war with Canada could rattle economies in states with key Senate races
Five states with critical Senate races count Canada as a major trading partner.
What to know about Trump’s tariffs on Canadian goods and rising tensions between once close allies
No further talks between the two countries are scheduled.
Wall Street drifts at the start of a week that could swing stocks and bonds
Longer-term yields eased in the bond market after oil prices dipped.
Google commits $10M to Virginia water stewardship
Google is committing $10 million to water stewardship projects across Virginia, with the first $4.4 million...
Enrollment in SNAP grocery aid is dropping faster than expected
Donald Trump's “big beautiful bill” expanded SNAP work requirements.
US stocks rise, even as the bond market applies more pressure
The bond market remained jumpy Friday.
Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far
Bessent announced Treasury would double the size of a bond buyback program starting next month.
Virginia’s revenues grew $2.1 billion in fiscal year 2026, Spanberger says
Spanberger touted a general revenue fund that increased by $2.1 billion, record investments in public...
The bond market swings back to worries and knocks US stocks lower
The U.S. government’s debt topped $40 trillion on Wednesday.
US unemployment claims dropped to 206,000 last week with layoffs still sparse
For the past year, claims have been at a historically low range of about 200,000...
‘Many’ Fed officials think higher rates will be needed if inflation stays high
Wall Street investors now expect the Fed to remain on hold in September.
An alarmed bond market gets the Trump administration to act again
Stakes are high because high yields drag on economies and bring downward pressure on stocks.
US stocks halt their slide after the Treasury Department moves to ease pressure from the bond market
Strong profit reports for the spring from U.S. companies helped support the stock market.
Chesapeake hospital reaches tentative agreement with feds over healthcare fraud case stemming from Perwaiz surgeries
Chesapeake Regional Medical Center has reached a tentative agreement with federal prosecutors to ensure oversight...
Sinking AI stocks pull Wall Street further from its record
Even with their recent swings, such stocks remain big winners.
A Hampton Roads pro soccer team? Leaders say the region has the fan base to support it.
Soccer leaders say Hampton Roads could support a major league team. However, someone would need...
US stocks edge further from their record after oil prices rise
Wall Street has run to records in large part because profits are booming for big...
Today’s children could prosper in tomorrow’s shortage of young workers
An abundance of young workers will turn into an undersupply by 2040.
Many everyday costs eased in July, while some remain near record highs. Here’s a closer look at consumer prices.
The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges,...
Wars abroad push up price of diesel fuel at home in Virginia
The price of diesel fuel in Virginia is showing the effects of war in the Middle East and Ukraine, with...
Wall Street slips from its record following the latest weak update on the US economy
Stocks gave up modest gains from earlier in the morning after oil prices swung higher.
What does an aging population mean for economic growth?
The country’s median age climbed to a record-high 39.4 in 2025.
Americans have never paid this much for fuel so late in the year
Gas and diesel prices are at a record seasonal high.
Families feel the pinch of higher children’s shoe prices as kids head back to school
The pressure to have the right footwear is colliding with higher prices.
US stocks rise to a record as oil prices drop and inflation gets less bad
Brent crude prices have been swinging sharply recently.
Wholesale price inflation slows last month as gas, food costs fall
The figures follow the government’s consumer price inflation report, released Wednesday.
US unemployment claims rise but remain at healthy level
The four-week average of applications was unchanged at 199,000.
Spanberger appoints new revenue advisory panel members
The two panels will advise her on revenues to support state spending in the revised...
Here’s how you can reduce your power bill amid brutal heat
Dominion Energy offers advice and a variety of programs for consumers to reduce their monthly...
Wall Street rises near a record as AI stocks climb and worries about inflation ease a bit
It’s a return to strength for AI stocks, which have been on a roller-coaster ride...
Inflation slows but prices remain elevated as Iran war and spending on AI push up prices
Inflation has been pushed higher by a series of shocks to the economy.
Government fights trade judge’s order for tariff refunds to all importers
CBP has already processed and certified $100 billion in refunds.
US stocks edge further from their records as oil prices keep swinging
The price for a barrel of Brent crude rose on continued uncertainty.
A house, a car, a little breathing room: Why middle-class life feels increasingly out of reach
Households can reach middle-income while falling short of their middle-class expectations.
US stocks edge down from their record after oil prices climb 5%
Hopes are turning toward caution again, with oil prices back up amid uncertainty.
Trump administration renews efforts to fire Federal Reserve governor Lisa Cook
The president’s effort to terminate her are based on mortgage fraud allegations that she has...
US stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes that rate hikes can wait
Technology stocks did much of the heavy lifting for the broader market.
US job market stalled in July as employers cut 23,000 jobs, delivering political setback to Trump
The unemployment rate was the lowest since June 2025, but it dropped for the wrong...
FACT FOCUS: Trump boasts about the economy but there’s more to the story
Ahead of the midterms, voters are frustrated with the economy and high living costs.
US stocks edge lower as oil prices rise and more earnings reports roll in
Wall Street opened the week notching records but has calmed over the last two days.
US filings for jobless benefits rise to 199,000 last week, but layoffs remain historically low
U.S. filings for jobless aid in the week ending Aug. 1 rose by 1,000 to...
York Board of Supervisors reaches admissions tax agreement
The York County Board of Supervisors reached an agreement on the terms of a proposed...
Data centers could soon be on the hook for the cost of transmission lines in Virginia
The State Corporation Commission has ordered Dominion Energy to develop a policy to directly assign the...
US stocks hold near records on hopes of an agreement with Iran
Stocks were helped by strong corporate earnings reports and hopes for a U.S.-Iran deal.
US job openings slip to 7.4 million, but labor market remains resilient in face of fighting in Iran
The numbers were in line with economists' expectations.
US stocks hit records as profits keep piling up for Palantir and others, while oil prices ease
Palantir Technologies and Caterpillar helped lead the way.
US stocks rally near a record as falling oil prices ease Wall Street’s worries about inflation
The retreat in oil prices Monday was just the latest of many big swings.
Hampton Roads Small Business Development Center, Portsmouth Partnership join forces to grow small businesses
Amber Kostka, an owner of The Stockpot restaurant, is joining the effort as a business...
US stocks rise to finish a wild July as Amazon soars, Apple sinks and inflation worries worsen
Worries about inflation sent yields in the bond market even higher.
Newport News Shipbuilding lands part of $76.6 billion contract for submarine construction
Take a look at the breakdown of the work for the Newport News shipyard.
Trump touted his tariffs in Michigan despite rising costs. Even some of his supporters are worried
Tariffs have cost Michigan businesses billions of dollars and fueled inflation.
US economy grows a sluggish 1.5% second quarter with inflation stubbornly high
Growth in U.S. gross domestic product came in below economists' expectations.
US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
The four-week moving average of weekly jobless claims fell by 5,000 to 202,750.
Microsoft’s best day since 2008 leads US stocks, while inflation worries remain in the bond market
In the oil market, prices eased. Brent crude fell to $86.88 per barrel.
Wildfires near Bordeaux bring more troubles to France’s wine industry
A regional business leader says the blaze is an economic apocalypse.
Oil prices jump, while the Dow drops more than 1,100 as sinking AI stocks drag Wall Street lower
The price of Brent oil leaped back above $88 per barrel.
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
Inflation has been stuck above the Fed's 2% target for more than five years.
Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation
Core inflation has risen since last December and has been stuck at around 3% or...
Americans’ confidence in US economy fell this month as Iran conflict sent gas prices back up
Consumer attitudes had improved modestly in June as gas prices came down.
Wall Street’s flip from AI to less-loved stocks accelerates, while oil prices keep easing
More companies delivered stronger profits for the spring than analysts expected.
What are Virginia’s top exports?
The state's diverse export economy includes raw materials, agricultural products, highly specialized manufacturing and more.
Stocks drift on Wall Street and crude oil prices drop as Mideast tensions cool
Oil prices reversed course from a week ago.
New food-to-alcohol ratios more flexible for Hampton Roads restaurants
The new law gets rid of the need to meet a ratio for businesses averaging...
Hampton Roads consumers face return of $4 gas as Iran war intensifies
Gasoline prices rose above $4 a gallon in parts of Virginia on Wednesday as the...
Stocks waver on Wall Street while crude oil prices fall for the first time in a week
All three indexes are still on track to finish the week lower.
Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface
Consumers face rising costs for gas and groceries as oil prices hit $100 a barrel.
US filings for unemployment aid fall to 187,000 last week, fewest since 1969
The four-week moving average of weekly jobless claims fell by 7,250 to 207,500.
Brent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower
Stocks sank under the pressure of rising oil prices.
Pep Boys to be acquired by Mavis for $700 million
The deal expands Mavis’ footprint to more than 4,400 service locations.
Oil prices rise another 3%, while Wall Street drifts in mixed trading
U.S. markets drift as rising oil prices and war in Iran impact stocks.
Virginia lawmakers want special session on Dominion-NextEra merger
Legislators are asking Spanberger to call the session so the General Assembly can vote on...
AI stocks lead Wall Street higher, even as Brent oil’s price nears $92
AI stocks and strong corporate profits help Wall Street climb despite rising oil.
Wall Street holds steadier as AI stocks recover some of last week’s sharp losses
AI stocks have been under pressure for weeks on worries that their prices shot too...
Norfolk’s women-owned Pawsnickety Pets boutique closes its doors on July 31
Because of the changing economic climate and increased competition, the business partners and friends have...
Milk prices at an all-time high, but most consumer costs slip in June after months of increases
The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges,...
The sell-off for AI stars worsens, while oil prices keep jumping
More swings for computer chip companies are yanking stock markets lower.
Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court
A July 24 deadline is approaching rapidly.
Slumping AI stocks drag down markets around the world
AI stocks have been under pressure for weeks.
US weekly unemployment claims fall to 208,000, fewest in 10 weeks
The four-week moving average of weekly jobless claims declined by 4,750 to 214,250.
Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump
He has largely avoided explanations of how the Fed might respond to potential economic changes.
US stocks rise within 0.5% of their record, even as oil prices keep climbing
The stock market broadly got a lift from another report showing inflation slowed last month.
US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
Gasoline prices plunged 12% in June but are still up nearly 43% from June 2025.
Warsh says Fed has ‘no tolerance’ for high inflation but provides no hints on next move
He did not signal whether rate increases would be necessary to combat inflation.
US stocks rise after data shows slowing inflation, even as IBM plunges
Chip stocks and other AI winners rebounded.
Inflation cools more than expected in June as gas costs fall, underlying prices ease
Oil prices rose for a second day Tuesday as the United States renewed attacks on...
Hundreds of economists say ‘we must act now’ on AI’s economic impact and job displacement risks
Top economists urge leaders to address AI risks like large-scale job displacement.
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
Increases could lead the Federal Reserve to lift its key interest rate later this year.
Oil prices rise following the latest fighting in the Middle East, as AI stocks sink
The upward pressure on inflation eats away at many companies’ profits.
Inaugural Newport News festival didn’t turn a profit, but did impress attendees, study finds
There's no promise of another Noodle: The Thinkers Convention in Newport News, but Vice Mayor...
US stocks rise as Wall Street shows it’s still hungry for AI winners
The S&P was on track to close out its fourth winning week in the last...
Stocks recover losses, and oil prices ease as calm returns to financial markets worldwide
The swings for oil prices have halted what had been a steady decline in gas...
US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
The four-week moving average of jobless claims fell by 3,750 to 218,750.