The Biden administration appears to have made it more difficult for big businesses to merge or be acquired during the last two years at the helm of the federal government. The Federal Trade...
Report Shows Jobless Claims Rose in April
Jobless claims took an unexpected jump last week, hitting a four-month high and raising concerns the market may be cooling in response to increasingly bad news about the economy. According to a...
Texas Had Largest Job Gains in April
Texas had the largest over-the-month job gain, while unemployment in all states remained stable or dropped in April, according to information reported by the U.S. Bureau of Labor Statistics. In a...
Southwest Workers Reject New Contract
Customer service workers at Dallas-based Southwest Airlines rejected the company's latest proposal for a new contract. The 6,100 workers are represented by District Lodge 142 of the International...
S&P 500 Nears Bear Market for First Time in Two Years
Wall Street's S&P 500 index neared a bear market Friday before a slight rebound throughout the day as the index continued its downward direction and biggest struggle in two years. A bear market...
Nieman Marcus Could Get Incentives for Dallas HQ
Dallas City Council is developing a taxpayer-funded economic incentive package to encourage luxury retailer Neiman Marcus to set up its new office headquarters in Cityplace Tower, just north of...
Starbucks to Leave Russia
On Monday, Starbucks announced that it plans to exit the Russian market and completely remove its brand presence from the country. It said it will continue to pay its roughly 2,000 employees in the...
Musk’s Purchase of Twitter May Prove Costly
Elon Musk’s focus on Twitter might have come at a price only Tesla and Twitter stocks have fallen, costing him approximately $12.3 billion due to the stock dip.
Gas Prices May Hit $6 by August
Gas prices rose above $4 per gallon on average in all fifty states for the first time in U.S. history this week. Georgia, Kansas, and Oklahoma hung below the $4 threshold until Monday night, May 16....
Target’s Troubles Reveal Retailer Rout
The American retail giant Target suffered a brutal stock sell-off after its latest earnings report failed to impress shareholders. The sell-off triggered a broader response in the stock market, with...
Calvin Klein Sparks Uproar With Mother’s Day Ad
A Calvin Klein's Mother's Day advertisement featuring photos of a group of mothers provoked an uproar and the ad went viral due to one particular pregnancy. Calvin Klein, known for its daring...
By Amy Jones | May 20, 2022
Netflix Lays Off 150 Employees
Netflix confirmed Tuesday it has laid off about 150 employees following the streaming giant's struggle with slow growth and subscription loss. According to a report from Marketwatch, the layoffs in...
Oil Hedge Funds Uncertain About Future
Oil hedge funds continue to find themselves stuck between a rock and a hard place, or rather, according to Reuter's senior market analyst John Kemp, between sanctions and a potential global...
Dallas-Based Firm to Develop Acid Gas Treatment
Dallas-based company Caracara Services has formed a joint agreement with a subsidiary of Houston-based firm Battalion Oil Corp to develop a gas treatment facility in West Texas. Caracara Services...
By Mary Dada | May 19, 2022
Gold Drops, Loses YTD Gains
According to a report from ZeroHedge, the price of gold fell significantly last week, before rebounding a bit late this week. Gold is now trading at about $1,840 per ounce, but when prices fell last...
TWC Reviewing 776,000 Suspicious Claims
The Texas Workforce Commission (TWC) has flagged over 776,000 unemployment claims as suspicious or fraudulent during the pandemic. This number represents 15% of all the unemployment insurance claims...
Spot Rates for Van Truckloads Falling Faster
Van truckload spot rates (short-term, transactional freight prices that reflect the balance of supply and demand in the truckload market) have fallen about $.02 per mile per day in the past four...
American Airlines Not Responsible for Alleged Sexual Assault
A North Texas jury has determined that American Airlines is not responsible for an alleged sexual assault of a flight crew member, Kimberly Goesling, by a chef working with the carrier. According to...
By Mary Dada | May 18, 2022
Aramco Sees Profits of $39.5 Billion
The state-owned Saudi oil company Aramco reported a jaw-dropping 82% increase in first-quarter profits on May 15. Russia's invasion of Ukraine, and the subsequent sanctions it suffered as a...
Musk Twitter Purchase Still On Hold
Tesla CEO Elon Musk's Twitter takeover is on hold for now. Musk tweeted on Tuesday that he wants some questions answered before moving forward. "20% fake/spam accounts, while 4 times what Twitter...
Industrial Production Hits Record High in April
Industrial production reached a record high in the United States in April. Bloomberg reported that production volume outpaced expectations with a 1.1% increase in MoM (month-over-month) growth. A...