Virginia Business
Norfolk, VA · English · Digital
A business-focused media outlet covering Virginia and regional news, with a focus on corporate developments, economic trends, and local business leadership.
- Top beat: Business
- Tracked since 2026
- 3 Norfolk, VA peers
Latest stories
- Alan Greenspan, longtime US Federal Reserve chairman, dies aged 100Alan Greenspan, former US Federal Reserve chairman, died at 100. He led the Fed from 1987 to 2006, overseeing a long economic expansion but also facing criticism for his role in the 2007-2009 financial crisis.
- Wall St indexes advance with boost from chips, Iran optimismU.S. stock indexes closed higher with semiconductor shares leading the gain, following Intel's record high and an interim ceasefire agreement between U.S. and Iran. S&P 500, Nasdaq, and Dow all saw gains.
- Thalhimer files response to Flying Squirrels owner’s defamation lawsuitThalhimer denies allegations that its principal claimed Lou DiBella threatened to kill him and his family, in response to a defamation lawsuit seeking millions over a land dispute in Richmond's Diamond District redevelopment project.
- Virginia casino revenue tops $108M in MayVirginia's casinos generated over $108M in adjusted gaming revenue in May, a 9.5% increase from April, with Caesars Virginia setting a record and taxes totaling $19.5M.
- Cavalier Hotel resort sold to Connecticut firmThe Cavalier Hotel resort in Virginia Beach was sold to Connecticut-based Wheelock Street Capital, including three oceanfront hotels but excluding certain businesses. HEI Hotels & Resorts will manage the property.
- Luigi Mangione plans ‘extreme emotional disturbance’ defense at CEO killing trialLuigi Mangione plans to argue an extreme emotional disturbance defense at his trial for killing a health insurance CEO, which could lead to a lesser charge of manslaughter. He also faces separate federal charges that were partially dismissed.
- Apple to raise prices due to memory chip shortage, CEO tells WSJApple will raise prices to offset memory and storage chip cost increases, as AI demand drives shortages and price hikes, with the company using cash reserves to boost supply but not building its own factories.
- Trump says Apple to partner with Intel on US chip design, productionU.S. President Trump said Apple has agreed to work with Intel on designing and manufacturing chips in the U.S., which could help Apple diversify its manufacturing base. Intel's shares rose after the announcement, and the companies have been discussing a deal for over a year.
- Trump administration to pay $765M to scrap four more offshore wind leasesTrump administration pays $765 million to Invenergy to terminate four offshore wind leases, with funds to be used for natural gas and geothermal projects. Seven states previously sued over similar lease cancellations.
- Data center discord continues to block Virginia budget agreementVirginia's data center tax exemption debate continues to delay the state budget agreement as senators push for repeal or impact fees, while industry and unions oppose the changes, citing economic and job concerns.
- Wall Street closes lower on Fed rate hike betsWall Street closed lower as traders anticipated potential Fed rate hikes following comments from Fed Chair Kevin Warsh about inflation control
- Fed begins Warsh era by keeping rates on hold, sees one hike later this yearFederal Reserve holds rates steady but projects a rate hike by end of 2026, removing future rate guidance language in a policy statement.
- CarMax shares fall after CEO flags high costs, operational shortcomingsCarMax shares fell after CEO cited high costs and operational shortcomings, with first-quarter profit declining despite revenue growth.
- Dragas unveils plans to redevelop Virginia Beach National Golf CourseDragas Cos. unveils plans to redevelop Virginia Beach National Golf Course with $38M in renovations and 659 homes, seeking City Council approval in July 2023.
- One in a trillion: Musk’s milestoneElon Musk became the first trillionaire after SpaceX's record-breaking IPO, with his wealth now equivalent to 3% of U.S. GDP and exceeding the annual GDP of 125 countries.