Last year, electric vehicle sales increased worldwide and achieved around 10% market share for the first time. Although electric vehicles make up a fraction of car sales in the United States, there...
Americans feeling pain of inflation as they begin back-to-school shopping
(The Center Square) – Inflation has soared in the past year, and parents are feeling the difference as they start back-to-school shopping this year. A new Morning Consult survey found that parents...
Walmart Slashes Profit Outlook as Consumers Tighten Spending
Walmart has dramatically cut its profit outlook several weeks ahead of its August earnings report. Despite initially expecting profits to either maintain their current level or dip only slightly,...
American Airlines Announces First Quarterly Profit Without Federal Funds
American Airlines recorded a revenue of 13.4 billion and a net income of $476 million from summer travelers in the year's second quarter. This record marks American’s first quarterly profit without...
By Mary Dada | Jul 26, 2022
Weber Shares Burned Amid Challenges
Shares of Weber Inc. were down roughly 20% Monday after the BBQ grill-maker announced the departure of its CEO, suspension of its dividend, and lower fiscal-year guidance for 2022. Slowing demand,...
June Job Gains Hit Another Monthly High, Unemployment Rate Drops
(The Center Square) – Texas’ June job gains were the largest over-the-month gains in 2022. The state broke last month's job gains record, adding 82,500 new nonagricultural jobs, according to new...
Netflix Stock Climbs Above $200
Netflix shareholders have been on a roller coaster ride this year and, most recently, are feeling the wind at their backs. The content-streaming giant's second-quarter results may have been...
By Tanya Grant | Jul 25, 2022
Twitter Blames Earnings Shortfall on Musk Deal Debacle
Twitter's second-quarter earnings results missed the mark on the top and bottom lines, with the company suggesting it was at least partially Elon Musk's fault. The social media giant fell short on...
By Tanya Grant | Jul 25, 2022
H-E-B Apparently Supports ‘Normalizing Sexuality’ Among Children
On June 11, Waterloo Park in Austin hosted "Rainbow on the Creek," an event billed as a "free family-friendly celebration that connects, educates, and celebrates Austin's lesbian, gay, bisexual,...
Local Roofing Factory to Gradually Shut Down Amid Neighborhood Pushback
In the culmination of a multi-year battle over its spot in West Dallas, GAF's local shingle factory announced it would wind down business operations over the next seven years amid "pollution...
Small Businesses Fear Recession, Survey Says
With economic uncertainty and a recession looming on many business owners' minds, more than 10,000 small business owners will assemble at the Small Business Summit (SBS) in Washington, D.C. this...
Netflix Cracks Down on Password Sharing
Last week, media tech giant Netflix announced a new initiative to crack down on password sharing for users based in some countries located in Latin America. This new test will take place on August...
Apple Becomes Latest Tech Giant to Curtail Hiring
Big Tech has been among the hardest hit sectors in the bear market, and Apple is the latest company to wave the caution flag. The iPhone maker plans to slow the pace of its hiring and spending in...
By Tanya Grant | Jul 22, 2022
Dallas Starbucks Workers Allegedly Face Union-Busting Tactics
Some Starbucks employees at the Mockingbird Station location in Dallas are hoping to follow in the footsteps of more than 180 stores that have unionized across the country. Various employees at the...
Fed’s Hawkish Moves Set to Persist as July Meeting Approaches
Policymakers have been raising interest rates aggressively in response to sky-high inflation that has gripped the U.S. economy in 2022. Now, as the Federal Reserve gears up for its July meeting on...
By Tanya Grant | Jul 21, 2022
‘The League’ Joins the League of Match Group’s Dating Apps
Match Group is the parent company of several popular dating apps, including Tinder, OkCupid, Plenty of Fish, and Hinge. Last week, The League was added to Match Group's dating app roster. Singles in...
Spotify Acquires Popular Mobile Music Game ‘Heardle’
Music streaming giant Spotify recently announced it had purchased the popular mobile trivia game Heardle. This is the first acquisition of its kind for Spotify. The company plans to use the game as...
Economist: 30% Chance that U.S. Enters a Recession Within a Year’s Time
(The Center Square) – A Goldman Sachs economist says there is a 30% probability of the U.S. entering a recession within one year and 48% within two years. Goldman Sachs Chief U.S. economist David...
Tackling Football and Leadership Literacy at Camp Exposure
Camp Exposure Football Camp Invitational ("Camp Exposure") attracted hundreds of high school student-athletes to Highlander Stadium at Highland Park High School in early July for the third annual...
Roku, Walmart Partner to Let Consumers Shop While They Stream
In June, Roku Inc. and Walmart announced their first-ever partnership in an effort to expand their marketing reach. The partners will create a new method of purchasing capabilities through TV...
Make-A-Wish Foundation Gets New CEO
Make-A-Wish North Texas announced on Monday that its new president and chief executive officer is Kim Elenez, according to a news release. Elenez has combined her experience to help nonprofits,...
