Richard Foster

Richmond

Editor and Chief Content Officer at Virginia Business

Articles

Virginia Business sales manager named sales professional of year

1 week ago | virginiabusiness.com | Richard Foster

Virginia Business won 12 awards in the Virginia Press Association‘s 2024 News & Advertising Contest, and Sales Manager Toni McCracken was named Outstanding Sales Professional of the Year, the state organization announced during an awards banquet held Saturday at the Omni Richmond Hotel. “Toni’s career in Virginia media sales is remarkable.
Trump says high tariffs may have prevented the Great Depression. History says different

2 weeks ago | virginiabusiness.com | Richard Foster |Richard Foster

WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened.
Wall Street points to gains as global markets rebound on tariff roller coaster

2 weeks ago | virginiabusiness.com | Richard Foster |Richard Foster

World shares and U.S. futures advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets settled after the shocks from President Donald Trump ‘s tariff hikes. Japan’s Nikkei newspaper reported Tuesday that U.S. Treasury Secretary Scott Bessent would lead trade negotiations with the country, which as been buffeted by an escalating trade war kicked off by Trump.
China says it will 'fight to the end' after Trump threatens to impose still more tariffs

2 weeks ago | virginiabusiness.com | Richard Foster |Richard Foster

BEIJING (AP) — China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.
Could Hyundai be the Port of Charleston’s next big export customer?

3 weeks ago | virginiabusiness.com | Richard Foster

The largest development project in Georgia history is open for business and there could be something in it for South Carolina, too, says the president and CEO of the Palmetto State’s port system. Hyundai Motor Group Metaplant America on March 26 celebrated the official opening of a plant that will produce Hyundai, Kia and Genesis vehicles in a giant facility west of Savannah in a town called Ellabell.
Musk could be headed for a Washington exit after turbulent times at Trump's DOGE

3 weeks ago | virginiabusiness.com | Richard Foster

WASHINGTON (AP) — DOGE‘s days appear to be numbered. Elon Musk recently suggested that he will be done with his work in the near future. President Donald Trump told reporters this week that “at some point, he’s going to be going back” to running his companies.
Trump charts chaotic course in trade wars

3 weeks ago | virginiabusiness.com | Richard Foster

Since taking office on Jan. 20 for his second term, President Donald Trump has steered the ship of state full speed on a seemingly chaotic course, mostly navigating an about-face from the Biden administration’s policies and only very occasionally zigzagging away from buffeting winds of public disapproval.
Take a look inside George Mason's high-tech science and engineering labs

3 weeks ago | virginiabusiness.com | Richard Foster

In a third-floor lab at George Mason University’s new, $107 million Life Sciences and Engineering Building in Manassas, students will dissect and study the effects of decomposition on human remains. A few floors away, their peers may dangle from harnesses while wearing sensors to research gaits while others test fly an autonomous blimp in a two-story aviary.
Global automakers say Trump's tariffs will be painful for them and US consumers

4 weeks ago | virginiabusiness.com | Richard Foster

FRANKFURT, Germany (AP) — Whatever domestic economic gain comes from U.S. President Donald Trump’s new 25% tax on imported cars – and experts are skeptical – automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world’s largest automakers employ millions of people whose livelihoods depend on U.S. car buyers, who currently spend more than $240 billion annually on imported cars and light trucks.
Waymo plans to bring its driverless taxis to Washington in 2026

1 month ago | virginiabusiness.com | Richard Foster

Waymo on Tuesday added Washington to its pioneering robotaxi service’s steadily expanding list of U.S. markets, although passengers will have to wait until next year until they can take a driverless ride around the nation’s capital city.