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News
US economic growth slows in second quarter
10+ hour, 57+ min ago (187+ words) Wealth gaps have widened since the 1980s, but the US stands out. Experts say weaker tax and social policies make mobility harder than ever. The decision to leave the benchmark interest rate in the 3.50% to 3.75% range drew dissents from three of…...
Richmond restaurants struggle with rising costs, lower customer traffic
1+ mon, 21+ hour ago (375+ words) "If things stay the way they're going, we're not going to make it through the summer." Hots and Brats at 3111 W. Cary St. in Carytown will close after service on Saturday, July 4. Read the story. Frostings Bake Shop has closed. Read…...
The spiraling cost-of-living crisis is keeping more Americans unable to start their own households, and instead bunking with family members, as shown in this 2023 file photo.
1+ mon, 1+ week ago (170+ words) Richmond Times-Dispatch Javascript is required to use this website. Sen. Lucas rallies support in Chesterfield for data center crackdown America's housing: unaffordable, unavailable. Many of us are giving up Housing is fundamental. We all need a roof over our heads....
Farmer-owned supermarket sets example for better remuneration model
2+ mon, 2+ week ago (376+ words) Here in France, wholesale prices for grocery products are typically negotiated at the start of the year between the agricultural and supermarket sectors. This year, those negotiations wrapped up just as the war in Iran was getting underway. Now, with…...
Small businesses face easing but tight labor market in 2026
2+ mon, 4+ week ago (144+ words) This week highlights National Small Business Week and brings into focus the dependence of small business growth on workforce realities. Christine Chmura is CEO and chief economist at Chmura Economics & Analytics. She can be reached at (804) 649-3640 or receive e-mail at…...
Chances of a Federal Reserve rate cut fade as inflation worsens
4+ mon, 5+ day ago (208+ words) Richmond Times-Dispatch Javascript is required to use this website. Prosecutors: Richmond postal worker stole over $1.5 million in checks from mail The Federal Reserve kept its key interest rate unchanged Wednesday, with Chair Jerome Powell highlighting the increasingly uncertain outlook for…...
Letter: Why do boomers have more money? We saved it
10+ mon, 1+ week ago (121+ words) Regarding Allison Schrager’s essay, “Why older Americans have more money," Aug. 30, I am sad to learn that everybody hates me, as Ms. Schrager posits: “No wonder everyone hates the boomers.” I am even more saddened to learn that a Ph....
Trade deficit drops with imports, but economists remain wary
10+ mon, 6+ day ago (1156+ words) The United States’ trade deficit dropped by $188.5 billion — almost 43% — in the second quarter of this year as imports plummeted in the face of tariffs that President Donald Trump unilaterally imposed on global trading partners. That’s the good news. The bad…...
What the Fed rate cut will mean for your finances
10+ mon, 1+ week ago (770+ words) The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. The Federal Reserve…...
Commentary: Federal spending, job cuts are already hurting Fairfax. Virginia is next
11+ mon, 4+ day ago (754+ words) Instead of offering meaningful solutions — or even basic empathy — Gov. Glenn Youngkin's administration has deflected responsibility or has celebrated the cuts as “necessary.” Despite the lack of a statewide plan or a governor who is fighting this statewide hit, our…...