President Donald Trump said Friday that he’s doubling the tariff rate on steel to 50%, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods.

Eric Robison, a commercial real estate broker who leads Thalhimer’s capital markets team, has been promoted to president, effective June 1. He will succeed current president Lee Warfield in the role.

Elon Musk resigns from the Department of Government Efficiency, earning Trump’s praise amid critics’ concerns over cuts and confusion.

Newport News Shipbuilding announced on Friday that it will furlough 471 shipbuilders for up to five months.

Virginia Beach-based foundation and water management solutions company Groundworks has hired Rajeev Rai as chief technology ...

The S&P 500 was down 0.2% in morning trading. The Dow Jones Industrial Average was up 13 points, or less than 0.1%, as of 10:10 a.m. Eastern time, and the Nasdaq composite was 0.5% lower.