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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Job growth may not save some housing markets in the short term

Job growth may not save some housing markets in the short term

Adobe Stock/Amy Walters In housing, the two most basic factors to consider are location and employment. A long-standing rule of thumb is to “follow the jobs” by assessing housing markets with strong job growth and using that information to find opportunities. The labor market has been on a roll since the April 2020 low. Businesses …

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Texas lawmakers and energy experts aren't sure the new 'complicated' power grid market would work

Texas lawmakers and energy experts aren’t sure the new ‘complicated’ power grid market would work

AUSTIN — The agency tasked with overhauling the electricity market in Texas has proposed an untested structure in hopes of leaving the free-market system responsible for blackouts during the winter storm of 2021. Texas lawmakers have ordered an overhaul of the state’s deregulated energy market, which Public Utilities Commission Chairman Peter Lake has called “crisis-based” …

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