Texas

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

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Texas Subpoenas and Hearings Scheduled for BlackRock: 'Playing Politics Using Texans' Hard-Earned Money' |  The daily thread

Texas Subpoenas and Hearings Scheduled for BlackRock: ‘Playing Politics Using Texans’ Hard-Earned Money’ | The daily thread

Texas lawmakers have scheduled a hearing next week with asset management firms on alleged ideologically motivated mismanagement of taxpayers’ money. Four months ago, the Texas Senate State Affairs Committee requested documents from BlackRock, Vanguard, State Street and Institutional Shareholder Services regarding corporate promotion of the environmental, social and governance movement, also known as name of …

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Texas lawmakers ask state agency to delay power market overhaul until after 2023 legislative session

Texas lawmakers ask state agency to delay power market overhaul until after 2023 legislative session

Sign up for The Brief, our daily newsletter that keeps readers up to date with the most essential news from Texas. In a letter last week and at a committee meeting on Monday, Texas House and Senate lawmakers asked the Public Utilities Commission, which regulates the state’s electricity market, to suspend the planned overhaul of …

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Texas crypto mining boom is starting to look more like a meltdown

Texas crypto mining boom is starting to look more like a meltdown

(Bloomberg) – The rush for digital gold in Texas is losing its luster as Bitcoin miners struggle financially, leaving behind what some fear is a wasteland of unfinished sites and equipment abandoned. Bloomberg’s Most Read In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap energy and supportive …

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Texas manufacturing activity stagnates, outlook continues to deteriorate

Texas manufacturing activity stagnates, outlook continues to deteriorate

November 28, 2022 Texas manufacturing activity stagnates, outlook continues to deteriorate What’s new this month For this month’s survey, Texas business executives answered additional questions about operating costs and margins. The results of these questions from the Texas Manufacturing Outlook Survey, the Texas Service Sector Outlook Survey and the Texas Retail Outlook Survey have been …

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Tesla construction workers at Texas gigafactory allege labor violations

Construction workers who worked hard at one of Tesla’s so-called sprawling gigafactories will file a lawsuit and referral to the federal Department of Labor on Tuesday detailing the abusive working conditions they say they endured while building the factory. The whistleblowers have come forward to allege serious labor and employment violations during the construction of …

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New report offers market redesign recommendation, PUCT skeptical

New report offers market redesign recommendation, PUCT skeptical

AUSTIN — A report by consultancy Energy and Environmental Economics recommends Texas emulate the power grid structure of New England, New York and the Mid-Atlantic. The members of the Public Utility Commission lean towards another approach. The report, released Thursday, analyzes six specific market reshaping options. Of these, E3 recommended the state select a downstream …

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SpaceX shakes up Starship leadership in Texas as pressure mounts for rocket's next milestone

SpaceX shakes up Starship leadership in Texas as pressure mounts for rocket’s next milestone

An aerial view of a Starship prototype stacked on top of a Super Heavy booster at the company’s Starbase facility outside of Brownsville, Texas. SpaceX As Elon Musk makes daily headlines about the changes on Twitter, a major revamp is underway at his space company’s launch facility in Texas. SpaceX President and COO Gwynne Shotwell …

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