Business | Hill Country News

An image of the sign for Walmart as photographed on March 16, 2020, in East Setauket, New York. (Bruce Bennett/Getty Images/TNS)

Walmart starts e-commerce site to target small businesses, taking on Amazon

Walmart Inc., which became the world’s largest retailer by serving everyday shoppers, is now targeting a larger share of business customers with a website aimed at small and midsize … more

Brendan Case, Bloomberg News (TNS) | 1/23/23

A former drone program worker at Amazon says he was pushed out after complaining about safety issues and discriminated against because of his race. In this photo from June 5, 2019, the Amazon delivery drone was displayed on a screen during a video presentation at the Amazon Re:MARS conference on robotics and artificial intelligence in Las Vegas, Nevada. (MARK RALSTON/AFP via Getty Images/TNS)

Ex-Amazon drone manager says he was fired for raising safety concerns

When Cheddi Skeete joined Amazon's delivery drone project, it didn't take long before he noticed some things were awry. There wasn't an onboarding process for new employees, he said. There wasn't … more

Lauren Rosenblatt, The Seattle Times (TNS) | 1/21/23

Alex Spiro, attorney for Elon Musk, arrives for the Elon Musk shareholder lawsuit trial at the Phillip Burton Federal Building on January 20, 2023 in San Francisco, California. The trial continues in a lawsuit that has investors suing Tesla and Musk, its chief executive officer, over his August 2018 tweets where he said he was taking Tesla private with funding that he secured. The tweet was found to be false and cost shareholders billions of dollars when Tesla's stock price began to fluctuate wildly allegedly based on the tweet. (Justin Sullivan/Getty Images/TNS)

Elon Musk plays down impact of his tweets at Tesla fraud trial

Tesla Inc. CEO Elon Musk played down how much impact his tweets have on the company’s stock price as he defended himself at a trial over his 2018 tweet about taking the electric car-maker … more

Joel Rosenblatt and Malathi Nayak, Bloomberg News (TNS) | 1/20/23

Workers set up a Google display ahead of CES 2023, the world's largest annual consumer electronics show, January 3, 2023 at the Las Vegas Convention Center in Las Vegas, Nevada. - CES explores next-gen technology in the context of numerous topics, including 5G and IoT, advertising, automotive, block chain, health and wellness, immersive entertainment, robotics and more. 2023 CES will showcase more than 1400 exhibiting companies. (ROBYN BECK/AFP via Getty Images/TNS)

Google to cut 12,000 jobs in 6% reduction of global workforce

Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring. The cuts … more

Mark Bergen, Julia Love and Davey Alba, Bloomberg News (TNS) | 1/20/23

The Xbox One S gaming console is on display in the Microsoft Corp. Xbox booth during the annual E3 2016 gaming conference at the Los Angeles Convention Center on June 14, 2016 in Los Angeles. Microsoft confirmed a second round of layoffs this year. Nearly 1,000 jobs will be cut, at least some in gaming divisions. (Kevork Djansezian/Getty Images/TNS)

Microsoft, Amazon set to erase 28,000 jobs as tech slump deepens

Microsoft Corp. and Amazon.com Inc., two of the world’s biggest companies, began cutting a total of 28,000 jobs on Wednesday in a post-pandemic reckoning that has left almost no tech name … more

By Dina Bass, Matt Day and Spencer Soper, Bloomberg News (TNS) | 1/19/23

Alex Spiro, attorney for Elon Musk, arrives for the Elon Musk shareholder lawsuit trial at the Phillip Burton Federal Building on Jan. 18, 2023, in San Francisco. Opening statements begin in a lawsuit that has investors suing Tesla and Musk, its chief executive officer, over his August 2018 tweets where he said he was taking Tesla private with funding that he secured. (Justin Sullivan/Getty Images/TNS)

In Elon Musk Tesla trial, lawyers tussle over a tweet that cost investors millions

Is Elon Musk a fraud, or is he just misunderstood? Is he a liar, or does he sometimes just use the "wrong words"? Those questions took center stage in a San Francisco courtroom Wednesday as Musk's … more

Russ Mitchell, Los Angeles Times (TNS) | 1/19/23

Traders work on the floor of the New York Stock Exchange on Friday, Oct. 7, 2022, in New York.

Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.The U.S. economy has a 64% chance of contracting in 2023, according … more

By Sarah Foster, Bankrate.com (TNS) | 1/19/23

Southwest Airlines incoming CEO Bob Jordan during a fireside chat with former The Container Store CEO and Chairwoman Melissa Reiff at the Dallas Regional Chamber's annual meeting in the Morton H. Meyerson Symphony Center in Dallas, Jan. 25, 2022. (Tom Fox/The Dallas Morning News/TNS)

Southwest Airlines CEO Bob Jordan talks about the holiday meltdown and what comes next

Southwest Airlines faced another potential crisis just two weeks after its holiday meltdown as the FAA shut down all flights in the U.S. for nearly two hours last Wednesday. Southwest … more

Kyle Arnold, The Dallas Morning News (TNS) | 1/16/23

Twitter headquarters on Nov. 4, 2022, in San Francisco. At least a dozen more cuts on Friday night affected Twitter workers in the company's Dublin and Singapore offices, according to sources.

Twitter cuts more staff overseeing global content moderation

Twitter Inc., under new owner Elon Musk, has made deeper cuts into its already radically diminished trust and safety team handling global content moderation, as well as to the unit related to hate … more

By Davey Alba and Kurt Wagner, Bloomberg News (TNS) | 1/10/23

Homes in the Thousand Oaks subdivision in Cedar Park, Texas, August 30, 2022.

Home prices slip for fourth month with US market slowing

The U.S. housing market continued to sag in the last few months as the impact of higher mortgage rates and concerns over the economy rattled buyers and sellers.Rates for 30-year, fixed mortgages … more

By Jennifer Epstein, Bloomberg News (TNS) | 1/5/23

President Joe Biden stands in a manufacturing demonstration area at United Performance Metals on May 6, 2022, in Cincinnati. President Biden spoke about bolstering domestic manufacturing in an effort to reduce inflation and shortages caused by pandemic woes in Asia and the Russian invasion of Ukraine.

US jobs report likely to show still-tight labor market

The latest U.S. employment report is anticipated to highlight the resilience of the nation’s labor market through 2022, despite the most aggressive pace of monetary tightening in decades.Payrolls … more

By Reade Pickert and Craig Stirling, Bloomberg News (TNS) | 1/4/23

In this photo from March 12, 2022, workers are seen on an oil drilling rig set up in the Permian Basin oil field in Stanton, Texas.

Texas oil patch gears up for more growth and spending with the Permian leading the way

What a difference a few years make in the Texas oil patch.Oil and gas production keeps growing, the sector has been adding jobs at a torrid pace, and most companies have been investing more.In a … more

By Mitchell Schnurman, The Dallas Morning News (TNS) | 1/3/23

Firefly Aerospace celebrated its first successful rocket launch Oct. 1 from Vandenberg Space Force Base in California.

Cedar Park and Leander saw an influx of growth in new businesses and development over the last year, particularly within the areas of e-commerce and tech. Starting in January,, an Austin developer … more

By Clayton Kelley, Staff Writer | 1/3/23

Vicky Bo lies on a bench after her flight to San Jose, California, was canceled at Dallas Love Field on Monday. (Lola Gomez/Dallas Morning News/TNS)

Southwest says it will honor ‘reasonable requests’ for reimbursement. What does that mean?

In the wake of Southwest Airlines scrapping thousands of flights over the holidays, inconvenienced travelers across the country are looking to get their money back for expenses they’ve … more

Noor Adatia, The Dallas Morning News (TNS) | 12/31/22

Pumpjacks at sunrise in the Permian Basin in West Texas. Republican lawmakers on Thursday accused investment firms from turning state employees and retirees away from investments funded by fossil fuels.

GOP lawmakers accuse investment firms of breaking a law that prohibits divesting from oil and gas

Republican lawmakers are interrogating investment companies for their shift to climate-friendly portfolios that recommend state employees and retirees cut ties with companies funded by fossil fuels. … more

By Alejandra Martinez, The Texas Tribune | 12/17/22

Glenn Hegar speaks at The Texas Tribune Festival on Sept. 23, 2022. Hegar said his office has seen an “extraordinary number of applications from companies seeking to secure an incentive” under the Chapter 313 corporate property tax savings program before it expires.

Companies say they’re being denied Texas tax breaks as a state agency is overwhelmed with applications

Days before the expiration of a state program that provides billions of dollars in property tax breaks to businesses moving to Texas, two companies have gone to court arguing they’re being … more

By William Melhado, The Texas Tribune | 12/14/22

Texas Comptroller Glenn Hegar announced another record-setting month sales tax collections.

State sales tax revenue totaled record $3.96 billion in November

Texas sales tax revenue totaled a record $3.96 billion in November, the highest monthly collection on record and 11.2% more than in November 2021."With persistently elevated inflation continuing to … more

Staff Reports | 12/9/22

Dr. Ray Perryman, CEO of The Perryman Group, left, and Rafael Lizardi, CFO at Texas Instruments, speak on a panel discussion about Texas economics. The event on Tuesday was hosted by the Dallas Regional Chamber at UT Southwestern Medical Center in Dallas.

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 … more

By Natalie Walters, The Dallas Morning News (TNS) | 12/8/22

A customer shops for eggs in a Kroger grocery store on Aug. 15, 2022, in Houston, Texas. Food prices have stayed their inflationary course.

US inflation indicator rises by less than forecast as spending increases

A key gauge of U.S. consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation … more

By Reade Pickert, Bloomberg News (TNS) | 12/7/22

With low unemployment and over 1 million job openings in Texas, companies say they can't find enough workers. Earlier this year, school bus drivers Salomae Arebalos, left, and Flo Lopez tried to recruit bus drivers and monitors in the Dallas area.

Help wanted: Texas has over 1 million job openings, the most ever

Homebuyers may have missed their chance to lock in super-low interest rates, but the window of opportunity for job-seekers remains wide open.Texas has more people working than ever before, and … more

By Mitchell Schnurman, The Dallas Morning News (TNS) | 12/7/22

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