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The Latest Breaking News from Ray Perryman

Texas Stock Exchange launches trading in test of upstart’s challenge to Wall Street

The exchange represents the most well-funded challenge to the New York Stock Exchange and NASDAQ duopoly of U.S. stock trading.

The Texas Tribune

After years of pushing for better jobs, Rio Grande Valley leaders land high-skilled manufacturing plant

McAllen leaders hope the new Valeo manufacturing plant is a sign that the region, one of the most impoverished in the state, can attract better-paying jobs for its college graduates.

The Texas Tribune

Corpus Christi’s crucial refineries look for alternate water supplies amid looming water crisis

The city produces 5% of the nation’s refined products like gas and jet fuel, and experts say a serious water shortage could force production down and push fuel prices up even further.

The Texas Tribune

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Trump has promised cheaper oil. Texas’ economy could pay a price.

A possible flood of South American oil would hinder the state’s production of fuel, some experts say, making it hard to break even on costs.

The Texas Tribune

Trump says the U.S. will fix Venezuela’s oil industry. Texas experts say the idea faces hurdles.

Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.

The Texas Tribune

Texas stock exchange gets federal approval as state tries to compete with New York heavyweights

The Texas Stock Exchange is expected to launch in Dallas next year, as economists wait to see if “Y’all Street” is big enough to support the exchange and challenge New York’s dominance in the financial sector.

The Texas Tribune

Odessa’s mayor ran to help the West Texas city “repent.” Now he wants a second term.

Under Javier Joven’s leadership, his critics say, the Odessa City Council has lost focus on municipal issues like roads and water infrastructure.

The Texas Tribune

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Texas has spent over $148 million busing migrants to other parts of the country

Since 2022, GOP Gov. Greg Abbott has bused over 102,000 migrants to predominantly Democratic-led cities. Supporters say the cost is necessary, but critics argue the program is expensive and inhumane.

WEKU

Gov. Gavin Newsom likes to bash Texas. Is California a better place to live?

Ugh, Texas.

McClatchy Washington Bureau

‘Economy on fire:’ Texas adds nation-topping 650,000 jobs in 2022

Texas added 650,100 jobs in 2022, more than any state and more than double its historical average, as the economy continued to expand and leave the pandemic hangover behind.

Tribune News Service

Can Texas’ jobs-making machine keep cranking through a 2023 slowdown?

Recoveries don’t last forever.

Tribune News Service

Experts see the Texas economic outlook being stronger in 2023 than other states

Some of Texas' top economic leaders paint a rosy picture for the state heading into 2023, saying it’s on more solid ground than many other areas around the country. But they also warn the state isn’t immune to a recession.

Tribune News Service

As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up

Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.

WEKU

Key Texas industries could face bottlenecks over railroad labor dispute

If railroad companies and workers can’t resolve their dispute by Thursday night, the country could see its first railroad strike in 30 years.

The Texas Tribune

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Tribune News Service

Should Texas cut the fuel tax? Economists say it could hurt road and education funding

DALLAS — While motorists may welcome any effort to lower prices at the fuel pump, economists say suspending the state gas tax could impact funding for roads, highways and public education.

Axios

Analyst says Texas Gov. Abbott's border snarls cost billions in GDP

The rule, which Abbott has since rescinded, caused fierce backlash and snarled cross-border traffic for days.

Tribune News Service

Texas Gov. Greg Abbott backs off inspections but vows to close border if migration spikes

DALLAS — Gov. Greg Abbott lifted the last of the stepped-up vehicle inspections on Friday that snarled traffic at the Texas-Mexico border and drew intense pushback from businesses leaders. But the Republican warned that he would not hesitate to bring back the inspections that created hours of traffic delays if…

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