State Texas Financial News

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Elon Musk’s vision of creating a company town for SpaceX employees is taking shape as workers in South Texas have petitioned to establish a municipality named "Starbase." Located near Boca Chica Beach, where SpaceX's rocket launches take place, the town would span 1.5 square miles and accommodate approximately 500 residents, including SpaceX employees and their families.

Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world's biggest oil importer. Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2 cents, from Thursday's close. However, on a weekly basis, Brent was up 0.4% while WTI rose 0.2%.

The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report.

Container Store which is a 46 year old retail chain specializing in storage and organization solutions has eventually filed for Chapter 11 bankruptcy protection in a Texas district court, reported Npr.

The Container Store has filed for bankruptcy protection, as the storage and organizational goods retailer with roots dating back to 1978 grapples with mounting losses and cash flow shortages

Beyoncé and Jay-Z's future, suggesting that they may be set to split. Jay-Z has been embroiled in controversy lately after being charged with raping a minor with P Diddy, but it looks like his problems may be about to get worse. According to the tarot, the legendary musical duo of Jay-Z and Beyoncé may be on the verge of breaking up. Jay-Z and P Diddy have been at the centre of controversy in recent weeks after a woman accused them of raping her when she was a teenager. He has categorically refuted all of the truly heinous accusations against Jay-Z, as quoted in a report by Daily Star. The two have appeared strong as the Texas Hold 'Em singer continues to support her partner, even as Beyoncé's career continues to grow and Jay-Z's is rocked. The tarot cards, however, suggest that their relationship might be more rocky than initially believed.

Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation. Brent crude futures closed up 6 cents, or 0.08%, at $72.94 a barrel. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.12%, at $69.46 per barrel.

Federal officials investigating the deadly West Texas collision between at Union Pacific train and a tractor-trailer hauling a wind turbine base are trying to determine why the tractor-trailer was stopped on the tracks

Bharat Petroleum Corp Ltd has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries. The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said. The light-sweet grade is of a similar quality to U.S. West Texas Intermediate crude, they added.

It’s been a strange few years for ESG specialists in investment banking.  As recently as 2021 it was one of the hottest recruitment segments, with $500k roles going unfilled.  Any banker who had driven past a wind turbine on the way to the airport, or walked past a casino while a Pride event was taking place was reinventing him or herself as an ESG expert, to the extent that the regulators had to put out formal warnings against “ competencewashing ”.

Small business owners should not forget about a rule that requires them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1

Global security leaders are warning nuclear threats are growing as weapons spending has surged to $91.4 billion last year

Florida Atlantic’s board of trustees is expected to approve a $22.5 million, 15-year deal that would give Flagler Credit Union the naming rights to the school’s football stadium

Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week. Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, down 7 cents.

Texas winning the national championship next month would be bad news for BetMGM Sportsbook

Lisa Su, the CEO of Advanced Micro Devices (AMD), its CEO of the Year, a recognition that highlights her transformative leadership and the remarkable turnaround of the company. Since taking over as CEO in 2014, Su has propelled AMD from a struggling competitor to a dominant player in the semiconductor industry, challenging the long-standing supremacy of Intel and, more recently, Nvidia. This award comes as the semiconductor sector is undergoing explosive growth, fueled by breakthroughs in artificial intelligence (AI) and the growing demand for graphics processing units (GPUs)—both of which have been central to AMD's strategy under Su’s leadership.

A lawyer and investor who managed money for one of the richest families in Texas, helped create one of the giants of the private-equity business and pushed to bring professional hockey to Seattle has died

A federal judge in Texas has rejected the auction sale of Alex Jones’ Infowars to The Onion satirical news outlet

The NFL’s desire to become a global powerhouse is no secret