Podcasts by Strome Business Minute with Dr. Jeff Tanner

Florence + The Machine from 2022-05-16T18:20

The title of the band's fifth album, “Dance Fever,” refers to a 14th century ritual where groups of people burst into dance frenzies to the point of exhaustion or even death.

Port Update from 2020-08-31T00:42

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. The COVID caused recession has affected the Port of Virginia but really only in a mild way. While the ...

Port Update from 2020-08-31T00:42

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. The COVID caused recession has affected the Port of Virginia but really only in a mild way. While the ...

DLima Study Shows RE Prices vary from 2020-08-28T00:06

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. We already discussed here the shrunken inventory of homes for sale in the 757, down to its lowest leve...

Refinance from 2020-08-27T00:09

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. With interest rates so low, the mortgage refinance business has been going strong, up some eighty four...

Facebook grants for Black-owned businesses from 2020-08-26T00:06

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. In June, Facebook committed one hundred million dollars to advance US-based Black businesses, artists,...

Brookings from 2020-08-25T00:08

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. The Brookings Institute is publishing a weekly economic recovery matrix that reports a metro area’s pe...

Construction affected by COVID economy from 2020-08-24T00:01

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. When the COVID caused recession began, one segment that seemed unaffected was construction. Of course,...

Stock Market from 2020-08-21T00:03

I’m Jeff Tanner and this is a Strome Business Minute. I’m often asked how the stock market remains at record highs while the economy struggles. As we’ve discussed here, the stock market and economy...

Inc5000 from 2020-08-20T00:10

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. According to Virginia Business Magazine, Virginia is home to 281 companies listed in the Inc 5000, com...

Football from 2020-08-19T00:08

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. ODU cancelled its football season last week, hoping to play a shortened spring season. The financial i...

Student Debt from 2020-08-18T00:05

I’m Jeff Tanner, and this is a Strome Business Minute. Student loans have been put on hold for another 90 days by executive order. The CARES Act had originally included a provision suspending payme...

Dunkin Pumpkin from 2020-08-17T00:05

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. This fall will be strange without high school football and baseball’s empty stands at the World Series...

Sentara from 2020-08-14T00:01

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. Sentara’s blockbuster merger with Cone Health in North Carolina will result in a healthcare system wit...

FAAN earnings from 2020-08-10T00:15

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. Last week, we discussed the Justice Department’s probe into Facebook, Apple, Amazon and Google. The co...

FAANG Antitrust Suit from 2020-08-07T00:05

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. The internet giants Facebook, Amazon, Apple, and Google are being investigated by the Justice Departme...

ADP Jobs data released from 2020-08-06T00:09

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. ADP recently released payroll numbers, stating that 167,000 jobs were added to the private sector payr...

Presidential Cycles from 2020-08-03T00:25

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. Tax policies of the political parties are fairly stable over time, with the Republicans favoring wealt...

Mask-Friendly Places from 2020-07-31T00:10

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. Last Sunday at Fresh Market I noticed these signs all over touting their rating as one of the cleanest...

Realta gets FDA approval from 2020-07-30T00:05

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. A lot of focus has been on the potential for a COVID vaccine. In fact, one economist likened the rush ...

Costs of groceries on the rise from 2020-07-29T00:01

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. If it feels like you’re spending more on groceries during COVID, it’s because you are. I compared groc...

VEDP Talent Accelerator Program from 2020-07-28T00:07

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. I was on a call with several local business owners talking about the challenges facing our region’s ab...

Bank On provides financial literacy programming from 2020-07-27T00:04

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. COVID has hit people of color and their businesses disproportionately. One reason is personal finances...

Economic recovery plateaues from 2020-07-24T00:00

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. The economic recovery appears stalled out as many indicators of economic health flattened over the pas...

CEO Pay from 2020-07-23T00:10

I’m Jeff Tanner and this is a Strome Business Minute. One University of Georgia and two Notre Dame professors recently found that CEOs who were hired and paid at an above market rate outperformed t...

Primary Healthcare from 2020-07-22T00:16

I’m Jeff Tanner and this is a Strome Business Minute. With COVID, we’ve seen the acceptance of tele-medicine grow rapidly. At the same time, however, the country’s three largest pharmacy retailers,...

Sports takes a hit from 2020-07-21T00:05

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. Baseball is trying to hold a sixty game season, much shorter than normal, while hockey is moving to Ca...

Moderna has early stage COVID vaccine success from 2020-07-20T00:01

I’m Jeff Tanner, dean of the Strome College of Business, and this is a Strome Business Minute. Massachusetts-based Moderna announced a successful early stage trial for its COVID vaccine, causing st...

ICE ices foreign student economic impact from 2020-07-17T00:10

I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. The federal government rescinded regulations that prohibit international students from taking a fully ...

Hotels doing better but not good from 2020-07-16T00:01

I’m Jeff Tanner, and this is a Strome Business Minute. Hotels and related tourism businesses make up a large part of our local economy. The good news is that we’re doing better than pretty much eve...

Time for Outdoor Movies from 2020-07-14T00:02

I’m Jeff Tanner, dean of the Strome College of Business, and this is a Strome Business Minute. While driving up the Eastern Shore, I thought that with the COVID virus and the quality of car sound s...

Ride the ROX from 2020-07-13T00:05

The 757 just got a new transportation option to DC, called the ROX – or the Rapid Overland Express. The ROX is a luxury motor coach and, having traveled on something like this in Mexico, I’ve wonde...

Paid Sick Leave from 2020-07-10T00:02

Employees with paid sick leave take an average of 5.2 days off a year. Those without paid sick leave only take 3 days. Either way, about 25 percent of sick days are taken to care for someone else. ...

College Athletics from 2020-07-09T00:11

College Athletics may be amateur sports but it’s also a business, and the pandemic appears to be wreaking havoc. Old Dominion dropped wrestling earlier this year, taking the wrestling community by ...

Should Fed act from 2020-07-08T00:06

They say if your neighbor loses a job, it’s a recession. If you lose your job, it’s a depression. When I talk with business leaders, their view of the economy depends on what sector they’re in. And...

Dominion sells gas business from 2020-07-07T00:09

Dominion Energy sold its gas pipeline business to Berkshire Hathaway, intending to focus on regulated energy lines in gas and electricity. The deal cleans up a strained balance sheet and also means...

Wheaties from 2020-07-06T00:03

On Christmas Eve 1926, Wheaties, the Breakfast of Champions, became the first product ever advertised with a jingle. Changing the words to a popular song, it was broadcast on a Minneapolis radio st...

Max ready to fly from 2020-07-03T00:06

Boeing begins flying the seven thirty seven Max jet aircraft in the next week or so, testing to re-certify the plane as safe for commercial use. At least three days of flights will occur at the com...

Impossible Meat from 2020-07-02T00:01

Beef substitutes Impossible Foods and Beyond Meat have really taken off this spring. Impossible’s first big breakthrough was at Burger King with the Impossible Whopper, followed by products sold th...

Facebook loses sponsors from 2020-07-01T00:05

Facebook continues to lose major customers due to its unwillingness to regulate content. Beginning with North Face, the company has lost dozens of advertisers, including Coca Cola, Campbells Honda,...

Number One Movie from 2020-06-25T00:03

This is a Strome Business Minute, presented by the Strome College of Business. If your dream is to produce the number one box office movie, it’s now a little easier than normal. In fact, two guys j...

Whose fault is it anyway from 2020-06-24T00:05

This is a Strome Business Minute, presented by the Strome College of Business. If you’re listening to this in your car, what would you do if someone walked out in front of you? Everyone would swerv...

Economy turned the corner from 2020-06-23T00:04

This is a Strome Business Minute, presented by the Strome College of Business. Even though we’re officially in a recession, some economists are saying the bottom occurred in April and recovery bega...

Higher Education Role from 2020-06-22T00:08

Welcome to a Strome Business Minute, presented by the Strome College of Business. Colleges and universities will play an important role in rebuilding the economy according to Thomas Barkin, preside...

Is it different from 2020-06-19T00:03

Welcome to a Strome Business Minute, presented by the Strome College of Business. Last week at this time, corporate responses to the racial protests felt different based on the donations to African...

Market News from 2020-06-18T00:02

Welcome to a Strome Business Minute, presented by the Strome College of Business. According to Goldman Sachs, the average investor has beaten the pros in the stock market during the pandemic. The p...

Going back to the office from 2020-06-17T00:40

Welcome to a Strome Business Minute, presented by the Strome College of Business. No tombstone ever read, “I wish I’d spent more time at the office.” With permanent telework offered at Facebook and...

ASGN from 2020-06-16T00:15

I’m Jeff Tanner and this is a Strome Business Minute, presented by the Strome College of Business. Move over Amazon. Here comes ASGN. Well, okay, not quite the size of Amazon but the relocation of ...

Hazard Pay from 2020-06-15T00:20

Welcome to a Strome Business Minute, presented by the Strome College of Business. Kroger joined Target and Starbucks in ending its two dollar an hour hero pay to workers for hazardous duty due to t...

Stock Market Corrects from 2020-06-12T00:27

Welcome to a Strome Business Minute, presented by the Strome College of Business. Wow, what a rough couple of days on the stock market. After erasing just about all of the pandemic-related losses o...

Fortune 500 List from 2020-06-11T00:06

Welcome to a Strome Business Minute, presented by the Strome College of Business. The Fortune 500 list was just issued by Fortune magazine, and as you might expect, there have been some changes. Wa...

Protest Feels Different from 2020-06-10T12:38

The protests over George Floyd’s death and the other recent deaths of African Americans feel very different this time. For one thing, businesses are taking tangible action. The most eye opening was...

The Healthcare Insurance Cost of COVID from 2020-06-09T00:18

Covered California, the open marketplace for California’s health insurance, conducted a study that predicts significant increases in healthcare insurance costs thanks to the COVID crisis. Their stu...

Digital Taxes from 2020-06-08T00:05

The Trump administration is examining European taxes on American digital service providers and considering a tax, or tariff, of its own. In addition to the EU, Brazil, Indonesia, and others are con...

Tesla from 2020-06-05T00:17

Elon Musk is celebrating the successful launch of his Space-X flight to the space station. But don’t worry, he isn’t neglecting Tesla. In fact, he had the astronauts ride to the rocket in a Model X...

More fiscal stimulus from 2020-06-04T00:06

Another round of fiscal stimulus is coming from Congress and there’s one group that won’t be included, at least directly, and that’s large companies that were already in trouble. Regular listeners ...

Let's all do more from 2020-06-03T00:26

Keeping in mind this is a business minute, what has been the reaction of businesses to the deaths of three black men? Some do nothing and some issue a statement supporting the protests. But some ar...

Thinking about travel from 2020-06-02T00:06

For some people, the toughest aspect of the virus is not getting to travel. Travel companies are promoting travel destinations already so that when people feel comfortable, they’ll go. And the rese...

Residential real estate up from 2020-06-01T00:03

Amazon and Netflix may be big winners in the economic crisis, but other businesses have done surprisingly well. One such local business is Garrett Realty Partners, a residential real estate agency ...

Right to Repair from 2020-05-29T00:41

When COVID struck, ventilators became central in the fight to keep patients alive. But high levels of use quickly overwhelmed the equipment and companies’ ability to repair the equipment. Technicia...

HREDA New Name from 2020-05-28T00:04

The Hampton Roads Economic Development Alliance or Her-ed-ah was renamed last week as the Hampton Roads Alliance or just the Alliance. The new brand looks like a transition as they are minimizing ...

RISE Winners from 2020-05-27T00:27

RISE is a Hampton Roads based non-profit, economic development organization funded by a federal HUD grant to accelerate innovation and business growth in developing solutions to coastal flooding. O...

Towne Bank stock falls to new low from 2020-05-26T00:07

Towne Bank’s stock price has plummeted to well under twenty dollars per share, falling more percentage-wise than its peers to sixteen dollars and fifteen cents before climbing back to nearly eighte...

The beach is open from 2020-05-22T00:09

Now that the beach is open for business, will tourism immediately return? The answer is probably a qualified yes. Global tourism and travel will gradually open up with tourism accelerating toward n...

Adweek PIvots to the Positive from 2020-05-21T00:22

Adweek agrees – it’s time to pivot to the positive. A recent analysis suggested that consumers are tired of hearing negative messages. According to Adweek’s Robert Klara, a Pew Study found 71 perce...

Pivot to the Positive from 2020-05-20T00:09

It’s time to pivot to the positive. A phrase coined by regional chamber president, Bryan Stephens, he suggests we focus on the positives in our region. What are some of those positives? The first m...

Meat consumption patterns change from 2020-05-19T00:09

Eating more at home and rising meat prices due to plant closures has changed meat consumption patterns. Data analytics firm Lotame observed massive spikes in consumer interest in a fish-only diet, ...

JC Penney files for bankruptcy from 2020-05-18T00:45

JC Penney finally filed for bankruptcy last Friday and it looks like this is really it. The poster child for the slow decline into oblivion among department stores is not alone, however, as both J ...

Staying at home from 2020-05-15T00:09

The stay-at-home orders have certainly changed the rhythm of our days. For many people, this is a time to plunge back into hobbies and home improvement activities. Locally, Stihl has enjoyed a coup...

Twitter leads the way from 2020-05-14T00:07

One trend I expected to happen began this week, sooner than I thought – permanent teleworking. Companies are learning that teleworking isn’t necessarily terrible and may be cost effective. Twitter ...

Delta Departs Newport News from 2020-05-13T00:05

Delta announced Friday that today will be the last day for service out of Newport News and consolidate all of its Hampton Roads operations out of Norfolk. The decision was made possible by an FAA r...

Mother's Day from 2020-05-12T00:09

Maybe it’s because we couldn’t take Mom out for dinner or maybe we just wanted to make this Mother’s Day special but whatever the reason, Americans spent more on Mother’s Day this year than we did ...

Market justified from 2020-05-11T00:30

April was actually a pretty good month for the stock market and May hasn’t been so bad either. A question, though, is whether the rally has been justified. Kelly Bogdanova, a leading analyst for RB...

Second Round of PPP Funding from 2020-05-08T00:05

With all the fuss over the CARES Act and its Payroll Protection Program or PPP, the second round of funding passed without so much as a whimper. Of course, most of the paperwork was completed in th...

Treasury to borrow three trillion from 2020-05-07T00:02

757 Recovery released the results today of its study of local businesses. The group is comprised of area economic organizations like the Chambers, the Economic Development Alliance, and the Workfor...

757 Recovery Wave 2 from 2020-05-06T00:06

757 Recovery released the results today of its study of local businesses. The group is comprised of area economic organizations like the Chambers, the Economic Development Alliance, and the Workfor...

Open seating takes a new meaning from 2020-05-05T00:08

Opening up for business will not mean business as usual. American Airlines already provides face masks and requires them on some flights and we’ve all heard that airlines, for example, will leave t...

757 Fantastic Fifty Members from 2020-05-04T00:10

The Language Group based in Virginia Beach placed sixth in this year’s Fantastic Fifty a list of the fastest growing firms in the state compiled by Virginia Business magazine. The company, which em...

Elective Surgeries from 2020-05-01T00:09

Major healthcare systems across the country, including Virginia’s Bon Secours and Sentara, have announced resumption of elective surgeries. Some that classified as elective under the ban that expir...

Stocks aren't so bad from 2020-04-30T00:08

Yesterday’s stock market was a nice rally. Some big gainers included Google, up ten percent, Paypal up six percent, and of local interest, Norfolk Southern up five percent. In fact, overall, the ma...

Economies of Scale from 2020-04-29T00:04

Economies of scale drive business – the bigger an operation is, the lower fixed cost per unit of production. Take Smithfield – the bigger a pork production plant, the fewer people per slaughtered p...

What shape the recession from 2020-04-28T00:05

Analysts wonder if we’ll have a U-shaped recession, or fast drop, fast recovery, a swoop-shaped recession, or fast drop, long recovery, or W-shaped, a fast drop with ups and downs before we really ...

Brandom acts of kindness from 2020-04-27T00:03

Brandom acts of kindness is a new turn on an old phrase that describes how some companies are responding to the COVID crisis. I resisted random acts of kindness because they don’t address the perso...

Debt and a Recession from 2020-04-24T00:04

We’ve said it before but now others are saying the same – reliance on corporate debt may cause a recession. Yes, we’re already in a recession but global debt surged seven point five trillion dollar...

Is baking the new baseball from 2020-04-23T00:02

What’s going on in your house? Apparently, it’s baking! And companies reaping the rewards of a national baking frenzy include King Arthur Flour. The premium-priced brand said its sales of flour wer...

PFG Stock Sale from 2020-04-22T00:07

Performance Food Group, or PFG, the Goochland based food distributor, announced it is selling thirteen point five million shares of common stock this week, two million more shares than originally p...

Oil prices fall below zero from 2020-04-21T00:19

How the heck did oil prices go below zero yesterday? Truthfully, it’s a quirk of the technology used to manage oil trades but at the same time, prices were so low that people stopped selling. Oil i...

COVID Advertising from 2020-04-20T00:07

By now, you’ve seen more than a few television commercials with coronavirus themes. Some promote social distancing, others promote home delivery or take-out food, and a few that offer dreams of pos...

COVID-19 Impact on Business from 2020-04-17T00:08

The National Federation of Independent Businesses reported that on March tenth, only 16% of its members were very concerned about the potential impact of the COVID virus but by April first, the num...

Oil production cut prices to rise from 2020-04-15T00:07

When the global economy stops, the need for oil nearly ceases and when that happens, the strict laws of supply and demand kick in. The price for a barrel of oil plummeted to about thirty dollars. T...

Smithfield to close plant in South Dakota from 2020-04-14T00:04

Smithfield Foods announced the closure of a pork production facility in Sioux Falls, South Dakota after hundreds of the company’s workers tested positive for the coronavirus. Nearly three hundred, ...

CARES Act from 2020-04-13T00:10

The Coronavirus Aid, Relief, and Economic Security Act, dubbed the CARES Act, is already pumping millions of dollars into businesses through the Paycheck Protection Program, or P P P. Bankers repor...

GTW Wins Navy Battery Contract from 2020-04-10T00:00

While the economic news has been pretty dreary, there are bright spots. For example, the Pilot reported that Global Technical Systems, based in Virginia Beach, was just awarded a US Navy contract w...

Local Response to Economic COVID from 2020-04-09T00:03

While consumers everywhere are trying to do their part by supporting their favorite restaurants with pick up or delivery, organizations on both sides of the water are working to support all busines...

DroneUp Acquisition from 2020-04-08T00:16

DroneUp is a local company founded in 2016 that provides aerial data collection, training, program integration and equipment sales for aerial drones. The company has trained and has available over ...

Coronavirus Impacts on Commercial Real Estate from 2020-04-07T00:21

Well, how quickly things have turned from the rosy forecast for commercial real estate made just a couple of weeks ago to today's reality. What we're hearing is that some deals are still moving as ...

Chmura Economic Vulnerabiity Estimate from 2020-04-06T06:08

Chmura released projected economic vulnerability report of the coronavirus on metropolitan statistical areas or MSAs, those regions used by the government to collate data. Our MSA extends into part...

Will the recession be long? from 2020-04-03T00:20

Fed Chairman Jerome Powell says he expects the economy to rebound quickly once people are allowed to go back to work because the economy is fundamentally sound with no reason for continued recessio...

Moodys Downgrades Universities from 2020-04-02T00:02

Moody’s Investor Service downgraded higher education from stable to negative, warning investors about the potential inability of universities to pay off debt. The downgrade reflects the high costs ...

Massive Stimulus Bill from 2020-04-01T12:05

The government has responded to the COVID-19 crisis with a massive economic stimulus bill.

Riding the Stock Market Roller Coaster from 2020-03-31T00:09

Riding the stock market lately has been less like a roller coaster and more like riding the Tower of Terror, a 13-story drop at Disney World. We just experienced the fastest thirty percent decline ...

Survival Bill Consequences from 2020-03-30T00:08

As experts tear apart the two point two trillion dollar stimulus bill, or as some say, the survival bill, they are finding some unintended consequences, such as unemployment payments far higher tha...

Hampton Roads Real Estate Market Review - Multifamily from 2020-03-26T00:07

If you haven't caught the theme over the past few days, all reports at the 25th annual Strome College Harvey Lindsay School of Real Estate Market Review were very positive. And Richard Counselman's...

Hampton Roads Retail Market is Pretty Healthy from 2020-03-25T00:03

I'm Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, and this is a Strome Business Minute. Mike Zarpas presented the Retail Real Estate segment of the 25th annual Str...

Office Segment Report from 2020-03-24T00:09

Deb Stern's Office Segment Report at the 25th annual Strome College Harvey Lindsay School of Real Estate Market Review declared last year to be outstanding!

The Importance of Immigrants to the Economy from 2020-03-23T00:28

We don't have the data for the 757 but the one region report that was released at the 2020 Shape of Region Conference Study, on the Northern Virginia region, demonstrates the importance of immigran...

Industrial Segment of Strome College Harvey Lindsay Real Estate Market Review from 2020-03-20T00:47

Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, shares Bill Throne's report on the industrial segment for the 25th annual Strome College Harvey Lindsay School of Rea...

Harvey Lindsay School of Real Estate Market Review from 2020-03-19T00:06

The 25th annual Strome College Harvey Lindsay School of Real Estate Market review examined all segments of the real estate market, and last year was a great year in Hampton Roads. Barring a virus-c...

Significant Local Economic Fallout from COVID-19 Crisis from 2020-03-18T00:10

Travel restrictions already dropped local hotel occupancy rates from 95 percent to less than 10 percent. Our local economy will be significantly hurt from the COVID-19 crisis as the canceled MEAC T...

Economists Revise Forecasts for a Recession from 2020-03-17T12:28

As the impact of the coronavirus lockdown becomes clearer, economists are revising their forecasts for a recession.

Will COVID-19 cause a recession from 2020-03-16T00:23

Will the Corona virus trigger a recession? That’s the question on everyone’s mind and I think it will depend on where you are in the economy. Some sectors, like oil and travel, will experience a re...

Amazon announces two fulfillment centers from 2020-03-13T00:04

Amazon announced two new distribution facilities, one in Chesapeake employing 500, and one in Suffolk with 1000 workers. Some facts on these new facilities, which should come online next year, incl...

Oil stocks fall amid trade war with Russia from 2020-03-12T01:15

The economic laws of supply and demand are best observed in oil markets. There’s no difference in oil pulled from Russia or West Texas Shale, except the grade so the only things driving price are s...

COVID-19 and Airlines from 2020-03-11T00:21

I’m Jazmin Elliott, PR Specialist of the Strome College of Business at Old Dominion University, and this is a Strome Business Minute. I took six flights last week on American for business and every...

Minimum wage hike agreed to from 2020-03-10T00:18

The General Assembly agreed to raise the minimum age over the next three years to twelve dollars an hour, beginning with nine fifty next year. They also agreed to a regional study of wages that wil...

COVID affects local economy from 2020-03-09T11:45

I’m Jazmin Elliott, PR Specialist of the Strome College of Business at Old Dominion University, and this is a Strome Business Minute. In anticipation of stock market slides, I sold some stocks earl...

Dominion Energy from 2020-03-06T06:00

Dominion Energy scored a major victory when a Senate committee voted 8 to 7 to table indefinitely a bill that would establish state oversight of the company's rates.

Most stocks still ahead as opposed to last year from 2020-03-05T00:28

The Stock Market continues swinging up and down based on Coronavirus news but after the big drops at the end of last week, most stocks were still ahead of where they were a year ago.

Games of Skill from 2020-03-04T12:00

Games of skill or games of chance. No matter your position, they represent a great example of the economic principle of substitution. Michelle Carpenter reports.

Time magazine finds a new niche from 2020-03-03T00:16

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. When Marc Benioff, founder of software giant Salesforce.com, bought Time mag...

Navy Hill plans from 2020-03-02T00:07

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. In recent months, we’ve covered stories on the Navy Hill development in Rich...

One person's troubles are another's opportunities from 2020-02-28T00:35

One person’s troubles is another person’s opportunities. Or at least that’s the case in business. For example, Victoria’s Secret has experienced a number of problems lately, from styles that seem t...

Jim Koch is wrong about Wind from 2020-02-27T00:14

Recently, ODU economist Jim Koch said that building Dominion Energy’s wind farms was a bad idea. He says Virginians who spend more on energy have less to spend elsewhere, resulting in substitution ...

Coronavirus from 2020-02-26T15:00

The Coronavirus has already affected the global economy and Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, explains why the impact will be felt for some time to come.

Black History Month from 2020-02-25T00:18

As Black History Month comes to a close, it is timely to ask - how far have we come in the business sector?

Hampton Roads Chamber Diversity Forum from 2020-02-24T00:35

The Hampton Roads Chamber hosts a Diversity Forum twice a year to examine the business case for diversity, equity, and inclusion. In the February 2020 forum, the Chamber began an examination of met...

Coronavirus Impact on Hampton Roads from 2020-02-21T00:07

Can the Coronavirus disrupt the Logistics Supply Chain in Hampton Roads?

Optima Health from 2020-02-19T00:20

Virginia Beach based Optima Health continues to improve member care management through innovative solutions.

Stock Valuations from 2020-02-18T00:21

Much has been made over the trillion dollar valuations of Google, Amazon and Apple, but less about the valuation of BlackRock and Vanguard. These two mutual fund companies control more than 10 time...

Online Reviews Matter from 2020-02-17T00:31

Online reviews matter, and can make or break a purchase.

Future Marketing Predictions from 2020-02-14T00:08

With the start of a new decade, predictions about the future of marketing abound.

Sounds like fun but you can still hear from 2020-02-13T00:25

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. I thought it was just the loud rock n roll in my old ’66 Mustang that deafen...

Norfolk Southern's 4th qtr earnings surprise from 2020-02-12T12:05

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Norfolk Southern’s fourth quarter earnings declined five percent but that wa...

Strome's Dragas Center for Economic Analysis and Policy forecasts weak year for Port of Virginia from 2020-02-11T00:11

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. The Strome College of Business’s Dragas Economics Center recently held its 2...

Strome's Dragas Center for Economic Analysis & Policy forecasts robust year for housing from 2020-02-10T01:31

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Vinod Agarwal of the Strome College of Business’s Dragas Economics Center ex...

Strome Dragas Center for Economic Analysis and Policy Forecasts Strong Year for Hampton Roads from 2020-02-07T00:02

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. The Strome College of Business’s Dragas Economics Center recently held its 2...

Bank of America Downgrades Dollar Tree from 2020-02-06T00:32

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Dollar Tree’s stock was downgraded by Bank of America from buy to neutral ov...

When is milk not milk from 2020-02-05T00:04

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Vegans and the lactose-intolerant may find themselves without products calle...

Super Bowl Ads from 2020-02-04T15:00

Michelle Carpenter has a recap of the Super Bowl commercials and its advertisers.

The Power of Consumer Sentiment from 2020-02-03T00:39

Don’t underestimate the power of consumer sentiment. When consumers as a group view the economic future as positive, we spend more, which then becomes a self-fulfilling prophecy as that spending th...

Strome and SHRM Study Released from 2020-01-31T02:36

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Last Friday, the Strome College of Business and the Society of Human Resourc...

Embody receives DARPA grant for new product from 2020-01-30T00:14

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Norfolk-based medical device manufacturer Embody Inc. received a 2 point 5 m...

InMotion Web Hosting on the Grow from 2020-01-29T00:42

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. InMotion Hosting bought the Stratford University building in Virginia Beach ...

New owner for Norfolk Southern building is... from 2020-01-28T12:00

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Downtown Norfolk is just a little more than a year away from losing its larg...

Effects of Right to Work from 2020-01-27T00:37

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Up for discussion in the General Assembly is the right to work law, which al...

Minimum Wage Hike Effects from 2020-01-24T00:56

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Several bills to raise the minimum wage over time to fifteen dollars are bei...

What to do with the mall from 2020-01-23T00:14

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Norfolk mall MacArthur Center will lose three more stores by the end of the ...

Google to end Cookies from 2020-01-22T00:39

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Google announced last week that it will phase out third-party cookies in the...

Bon Secours buys three hospitals from 2020-01-21T00:01

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Cincinnati-based Bon Secours Mercy Health continues to acquire Virginia hos...

Popeye's Favorite Food is... from 2020-01-20T00:13

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. What’s Popeye’s favorite food? In the sudden death round of Family Feud Cana...

Dominion Buys First Wind Turbines from 2020-01-17T00:40

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Back in October, Virginia signed a deal with Dominion Energy to buy renewabl...

CoStar Doubles Workforce from 2020-01-16T00:30

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. CoStar, the Richmond-based real estate data company that owns familiar brand...

Acesur buys plant In Suffolk from 2020-01-15T00:46

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. We talk a lot about diversifying our local economy, but people often overloo...

Zombie Companies from 2020-01-14T00:11

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Zombies are the walking dead. Zombie companies are those unable to earn enou...

Some of the tax changes for this year from 2020-01-13T00:38

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Federal taxes change in several ways this year. For example, for divorces ta...

Concentrated Job Growth from 2020-01-10T00:33

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Companies used to locate by natural resources – like steel companies near ir...

Huntington Ingalls short sales up in December from 2020-01-09T00:32

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Huntington Ingalls, parent of Newport News Shipbuilding, saw a significant i...

What will the market do from 2020-01-08T02:10

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Over the holidays, the question I got asked the most was, “Can the stock mar...

Dollar Tree Offer from 2020-01-07T00:38

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. If you own Dollar Tree stock, you don’t have to sell, though you may have go...

Hospitals forced to be more transparent in pricing from 2020-01-06T00:42

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Only a little more than twenty percent of America’s hospitals are for-profit...

Are Carriers Obsolete from 2020-01-03T00:59

The Navy is adding two carriers, at a time when many other countries are also making significant additions. China plans to have six, Japan is converting two destroyers to carry jets. It’s easy to s...

Financial Regrets from 2019-12-30T00:19

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Regrets, I’ve had a few, but I’m no Frank Sinatra. In a recent study, three ...

Southwest and the 737 Max from 2019-12-27T00:47

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. The problems with Boeing’s seven-thirty-seven Max have proven to be much har...

Amazon Fulfillment Center from 2019-12-26T00:13

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Amazon closed last week on ninety five acres in Suffolk, close to Interstate...

Holiday Show from 2019-12-23T00:41

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. According to a study in the Journal of Consumer Psychology, a badly wrapped ...

Money is Leaving the Stock Market from 2019-12-20T00:05

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. According to the Wall Street Journal, investors have moved one hundred and t...

Online Shoppers Reviews from 2019-12-19T00:34

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. When shopping online, people use reviews but how depends on the situation. S...

Trucking Industry in Disarray from 2019-12-17T00:11

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Celadon, one of the largest companies you’ve probably never heard of, declar...

SCHEV Economic Impact Roadmap from 2019-12-16T00:05

I’m Michelle Carpenter in the Strome College of Business at Old Dominion University and this is a Strome Business Minute. The State Council of Higher Education issued the Commonwealth Research and ...

Investment Fraud from 2019-12-13T00:06

A recent study published by the Journal of Consumer Research finds that some people are more likely to be victims of investment fraud.

Boomer Homes will Flood the Market from 2019-12-12T00:18

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. If you’re a boomer who likes antiques, you may already know that millennials...

Corporate Debt from 2019-12-11T00:32

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Alarm bells are sounding over corporate debt. As I’ve pointed out before, co...

Trade Wars and China's Supple Chain from 2019-12-10T00:11

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Kissinger recently likened trade wars to the Cold War, anticipating long las...

Earnings for Tech Stocks Dominate News from 2019-12-09T00:06

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. I honestly thought Lord and Taylor was dead and gone but it’s not. Bought by...

Notable Bankruptcies from 2019-12-06T00:08

In honor of the 18th anniversary of Enron’s bankruptcy, let’s take a look at the 6 largest bankruptcies in American history. Enron’s was notable for its impact on Pacific Gas & Electric which also ...

MasterCard Study on Women in Entrepreneurship from 2019-12-05T00:57

MasterCard released its third annual study of women entrepreneurship and noted that for the first time, the US ranked first, narrowly edging out New Zealand. Other top countries included Canada, Is...

Construction Confidence Index declines but still positive from 2019-12-04T00:46

Recently, we noted that strong consumer confidence bodes well for the holiday retail season and into 2020. But consumers are only part of the overall economic picture and as we’ve noted before, the...

New Virginia class sub contract signed from 2019-12-03T00:51

General Dynamics Electric Boat division and Huntington Ingalls’ Newport News Shipbuilding just closed a joint twenty-two billion dollar deal with the US Navy to build nine Virginia-class submarines...

Mergers and Acquisitions News - Xerox, HP, Schwab and Ameritrade from 2019-12-02T00:05

Last week, Xerox offered to buy Hewlett Packard. Which they turned down saying it was too low. Xerox countered, saying that if the HP board didn’t meet with them by the 25th, then they will begin ...

JLARC Casino Study Released from 2019-11-27T00:13

The state-funded study examining the economics of five resort-style casinos across the state is out. The report says seventy six hundred jobs will be created with a median salary of about thirty-th...

Disney Launches Steaming Service from 2019-11-26T00:25

Disney signed up 10 million customers for its new streaming service, Disney Plus, on the first day. Home to the Star Wars series Mandalorian and the Marvel series, the channel is off to a great sta...

Lyft from 2019-11-25T00:21

Some folks love the electric scooters, others despise them, but the business model isn’t working for everyone. Lyft and Uber have both found themselves unable to make money in some markets. Both co...

Nike Leaves Amazon from 2019-11-22T00:51

Nike is dumping Amazon. Yup, Nike is leaving Amazon to sell direct to consumers. Amazon is estimated to control forty percent of the country’s online market, yet Nike is stepping away. The company ...

LifeNet Makes Acquisition from 2019-11-21T00:11

Virginia Beach’s LifeNet Health acquired Samsara Sciences, a San Diego-based life sciences company. Samsara specializes in human primary liver and kidney cell isolation, research in primary cells t...

C-Pace from 2019-11-20T00:27

Commercial Property Accessed Clean Energy, or C-Pace, is a financing program for commercial property owners and developers to fund energy efficiency and storm water resiliency projects. A market-ba...

CoStar on the Grow from 2019-11-19T00:47

CoStar, the Richmond-based company with brands like Apartments.com, is both a platform for buyers to find properties and a data company. In fact, data is really the company’s bread and butter. The ...

Dow Hits 28000 from 2019-11-18T00:29

The Dow hit twenty eight thousand last Friday and the stock that has contributed the most to the run-up since last July is Apple. Just FYI, I sold my stake in Apple and missed most of this run-up. ...

Two Faded Glories Set to Merge from 2019-11-15T00:54

In my early career, I worked for Xerox and watched as the company that invented the technology that made Apple computers possible, offered the first computer networks, and created artificial intell...

Boeing Max Still in Time-out from 2019-11-14T12:35

Southwest Airlines just cancelled all flights for the Boeing seven thirty seven Max through March, as Boeing continues to work on problems that led to two crashes. The software glitches were expect...

Ferguson Earnings from 2019-11-13T05:32

Ferguson’s fiscal year ended this month with a solid 8 percent year over year growth in revenue and a slight improvement in margin. Earnings per share, though, grew over sixteen percent. These resu...

Towne Bank Third Quarter Results from 2019-11-12T00:53

Towne Bank announced earnings last week that beat Wall Street estimates but were down off a year ago. The Street had expected fifty-one cents per share but the bank came in a fifty-two, just below ...

Dominion Energy Green Plan from 2019-11-11T00:06

Dominion Energy just released a green energy plan that consumers can purchase. But big customers like Walmart are pushing back. The pushback stems from the fact that Dominion is packaging energy fr...

The Largest Toy Distributor from 2019-11-08T05:32

The largest toy distributor in the world is McDonald’s. The first Happy Meal with a toy was sold forty years ago and now they sell one point five billion Happy Meals a year!

What Does Altria Writedown of Juul Mean? from 2019-11-07T00:35

Henrico based Altria is writing down four point five billion dollars in its investment in Juul, the e-cigarette leader. Altria has nearly thirteen billion invested in the San Francisco-based compan...

Fed Cuts Rate Again from 2019-11-06T00:52

The Federal Reserve cut the rate it charges banks for the third time this year. The last time there were three cuts in one year was 2007. The cut lacked the normal broad support among members of th...

Fiddling at Under Armour from 2019-11-05T00:07

Baltimore-based Under Armour is under investigation for possibly shifting sales from one quarter to another in order to create an appearance of better results. The investigation began two years ago...

Coors Light Promoting All Day Beer from 2019-11-04T00:05

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Have you see the new Coors Light commercials promoting the brand as the offi...

Unemployment Continues Decline from 2019-11-01T00:57

While the economy seems to be slowing, Virginia is adding jobs. Virginia’s unemployment rate is at the lowest in eighteen years, two point seven percent, compared to three point five percent nation...

Hampton Roads is a Hot Residential Real Estate Market from 2019-10-31T00:19

Hampton Roads is a hot residential real estate market! Okay, maybe it’s not like San Francisco but home sales are way up. Homes under contract jumped thirty percent last month, and closings were up...

Marketing Week from 2019-10-30T00:57

Last week, Strome College invited marketing industry experts to share their expertise during Marketing Week, a joint event sponsored in part by the American Marketing Association Professional Chapt...

Ohio Opioid Suit Settles from 2019-10-29T00:38

Regular listeners know that we’ve been covering the opioid lawsuits for over a year, well before the story became mainstream. The proposed settlement in Ohio by McKesson, Cardinal Health, Teva Phar...

Virginia Buys Renewable Energy from 2019-10-28T05:19

Virginia just cut a deal with Dominion Energy to buy renewable energy. Most of the energy will come from Dominion’s solar installations, and we’re buying the equivalent of what’s needed to power on...

Paper Cans from 2019-10-25T00:59

Straws can be made out of paper, as can cups, egg cartons, and even those rings that hold a six-pack of beer together. So Carlsberg beer is exploring whether cans of beer can be made from paper. Us...

Payday Loans from 2019-10-24T00:37

Virginia is one of the laxest states when it comes to payday loans, according to a recent Pew Research report. The report examined the effects of such loans and found that one in eight Virginians h...

CEO Values from 2019-10-23T00:04

Consumers, like it or not, make choices based on CEOs. Recently, a school rejected a free lunch from Chick-fil-A because of the owner’s anti-LGBT stance. The company has tried to stay out of the fr...

Regional Greenhouse Gas Initiative from 2019-10-22T00:06

The Regional Greenhouse Gas Initiative, or RGGI, generated $315,000,000 last year for 9 states from Maryland north to reduce greenhouse-gas emissions and fund resiliency. Companies purchase carbon ...

Vertical Integration from 2019-10-21T00:35

Costco is building a chicken processing plant to keep the cost of their rotisserie chicken to four ninety nine. Such a move is called vertical integration. Jeff Tanner, Dean of the Strome College o...

New Distribution Center in Virginia Beach from 2019-10-18T05:20

Virginia Business magazine reports that consumer goods company SRP is consolidating its distribution centers from Oklahoma, Philadelphia, and Utah to Virginia Beach.

Selling Shares from 2019-10-17T05:34

Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, explains selling shares.

UAW and BAE Strikes from 2019-10-16T00:29

The UAW strike at GM is said to be costing the company 90 million dollars per day, but that's not the only strike. The BAE Radford Army Ammunition Plant here in Virginia is locked in a labor negoti...

Virginia Business dot com 2018 CEO Report from 2019-10-15T00:48

Virginia Business dot com reports that CEO’s of Virginia’s 40 largest companies enjoyed a 12.5 percent raise in earnings in 2018, averaging just over 8 million dollars in total compensation, includ...

Marine Recovered Plastics from 2019-10-14T05:11

You may have seen that the ship that skims plastic out of the ocean finally seems to work after a number of engineering changes. That's good news, but now what do we do with all of that plastic?

Dollar Tree from 2019-10-11T05:07

Dollar Tree is planning to hire 25,000 temporary workers for the holiday shopping season nationwide, according to Bloomberg News. Sounds like a lot, but not when you realize that’s less than 2 peop...

GOBankingRates from 2019-10-10T00:10

GOBankingRates released a report showing 5 cities in Hampton Roads with higher than average rates of underwater mortgages. A mortgage is said to be underwater when the value of the home falls below...

Will Opioids Bankrupt Johnson and Johnson? from 2019-10-09T00:19

Johnson and Johnson made the raw opium used in opioid manufacture, and there are over 2,000 lawsuits regarding the epidemic with more being added. Last week, the company agreed to pay 20.4 million ...

Hemp and CBD Oil from 2019-10-08T00:32

Hemp is the plant that provides CBD oil, which is being touted as the new wonder supplement. Hemp is in the top 20 farm products produced in Virginia. But up to now, hemp farmers cannot buy insurance.

California's New NCAA Law from 2019-10-07T05:44

California's new law allowing amateur athletes to retain their amateur status, while receiving financial benefits from the use of their name and image, is shaking the foundation of the NCAA.

Hampton Roads Economic Growth from 2019-10-04T00:51

Hampton Roads has finally begun to enjoy the type of economic growth that others have following the great recession.

The Shared Economy from 2019-10-03T00:05

The internet is clearly a marketplace for buying and selling, but it is also a marketplace where people can rent. Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, dis...

Quantitative Easing Explained from 2019-10-02T00:41

Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, explains quantitative easing, or QE.

Repurchase agreement and the Fed rate explained from 2019-10-01T00:49

Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, explains the Fed rate and repurchase agreements.

What is an IRV from 2019-09-30T00:40

Three Chambers of Commerce just got back from an inter-regional visit, or IRV, to Raleigh Durham. Just what is an IRV? Jeff Tanner, Dean of the Strome College of Business at Old Dominion University...

Ferguson Moves to Sell UK Operations from 2019-09-27T00:28

You may recall a report earlier that Trian, a private equity firm that owns 6% of Ferguson, advocated that Ferguson sell its UK operations. Earlier this week, Ferguson made the announcement that it...

Hedge Fund from 2019-09-26T14:09

A Strome alum was describing his job at a hedge fund, where they buy distressed debt. They buy companies that are about to go under, turn them around and resell them. Jeff Tanner, Dean of the Strom...

Tourism Figures from 2019-09-25T00:40

Tourism figures for 2018 were just released, indicating a strong year for Virginia.

Women-owned Businesses from 2019-09-23T13:00

Hampton Roads is one of the top areas in the country for Women-owned businesses.

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