Category: Business

On Wednesday, Texas Governor Greg Abbott celebrated Texas being awarded the top business climate in the country by Site Selection Magazine. It is the third national best business climate ranking for Texas this year, following accolades in June and September, and was unveiled during a press conference at the Governor’s Mansion in Austin. “Today, we...

Alphabet, Google’s parent company, saw an increase in sales and earnings as digital advertising rebounded, but investors were unimpressed by its cloud computing division, which lags behind competitors Microsoft and Amazon. According to FactSet statistics, Alphabet reported $76.7 billion in quarterly sales on Tuesday, up 11% year on year and approximately in line with analysts’...

GO-RE Partners has paid Greystone Development a total of $28.2 million to purchase a pair of multifamily buildings located in East Harlem, according to information obtained by Commercial Observer. The company that arranged the purchase, the complex known as Harlem 125 is located at 69 East 125th Street and 58 East 126th Street. It comprises...

Thursday, Wall Street went down because the 10-year Treasury yield could reach 5% for the first time since 2007. There were mixed profit reports from Tesla and other big companies, which caused the S&P 500 to drop 36.60 points, or 0.8%, to 4,278.00. It fell 250.91 points, or 0.7%, to 33,414.17 on the Dow Jones...

Elon Musk, CEO of Tesla (TSLA.O), said on Wednesday that the company would have trouble increasing production of the much-anticipated Cybertruck electric pickup truck and that sales would start on November 30. While the most valuable car in the world makes electric sedans and SUVs, it hasn’t yet entered the pickup truck market, which is...

REGENT, an electric seaglider company, and Surf Air Mobility, a regional air mobility platform, have announced a partnership to introduce electric seaglider travel choices from Miami, Florida. The business offers to provide transportation from several locations in Southern Florida to the Caribbean Islands. According to the statement, around nine million people pass through the region...

One of Orlando’s busiest developers changed a $30 million commercial project in response to Dr. Phillip’s homeowners’ complaints. After a community meeting last month, Unicorp National Developments Inc. President Chuck Whittall told Orlando Business Journal that two major changes have been made to the redevelopment of his bank property at 7625 W. Sand Lake Road...

Because the value of cryptocurrencies is going down, a crypto mine developer wants to build a battery storage center in Corpus Christi, Texas. Bootstrap Energy, based in Dallas, has been planning a crypto-mining facility that will be built in two stages on a 114-acre plot of land in the city’s industrial area. Each one would...

PITTSBURGH – Eaton, a business that makes smart power management systems, started building an extra 100 million dollars worth of space at its factory in Nacogdoches, Texas, today. This project, which was announced in August, will double the amount of Eaton voltage regulators and three-phase transformers that can be made. This is to meet the...

The Texas Senate passed a broad ban early Friday morning on COVID-19 vaccine requirements for private-sector workers in Texas. Medical facilities would still be able to make other rules to help lower the risks for vulnerable patients. South Texas Republican Sen. Mayes Middleton introduced Senate Bill 7. This bill would make private companies pay fines...