News from the South - Texas News Feed
TXSE founder: Texas has more finance professionals than New York | Texas
SUMMARY: Texas Governor Greg Abbott announced the launch of the Texas Stock Exchange (TXSE) led by CEO James Lee, positioning Texas as a new hub for capital markets. Abbott emphasized Texas’s economic strength, citing its status as the nation’s leader in job creation and business-friendly policies. The TXSE aims to provide businesses with improved capital access and competition against established exchanges like the NYSE and Nasdaq. Set to be based in Dallas, it will offer global trading access, with operations expected to begin by 2026. The leadership team includes veterans from major financial institutions, showcasing strong support for Texas’s economic growth.
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News from the South - Texas News Feed
What the dock workers strike means for you
SUMMARY: Port workers across the eastern U.S. have officially gone on strike, affecting tens of thousands of dock workers from Houston to Boston. The strike, prompted by unresolved contract negotiations over pay increases, better health benefits, and protections against automation, began just after midnight when the previous contract expired. This work stoppage could significantly disrupt the national supply chain and cost the U.S. economy billions. While ports on the West Coast will continue to operate, cargo destined for the affected areas is currently halted. The situation is developing, with many hoping for a swift resolution. Full updates are available at khou.com.
The strike went into effect at 12:01 a.m. Tuesday and halted operations at ports from Brownsville to Boston.
News from the South - Texas News Feed
Fort Worth man takes plea deal for murder; accused of 2nd killing in Mexico
SUMMARY: Jesus Rios, a Fort Worth man, accepted a 15-year plea deal for the murder of Fernando Mendoza Jr. in 2020, occurring after Rios shot Mendoza over a speeding confrontation. While out on bond, Rios fled to Mexico, where he allegedly committed a second murder of key witness Myra Gara, later found dead. Rios was arrested while attempting to return to the U.S. with a fake ID. Both victims’ families express dissatisfaction with the plea deal, feeling justice was not served. They are awaiting potential extradition for Rios to face charges related to Gara’s murder.
Jesus Rios took a plea deal for killing a Fort Worth man. But while out on bond and fleeing to Mexico, police say he killed a witness to that murder “for the purpose of preventing her from testifying.”
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News from the South - Texas News Feed
Owner of trucking business scrambling for options as port strike imminent in Houston
SUMMARY: A potential strike by dock workers threatens to halt operations at 14 major ports from Houston to Maine, impacting the nation’s supply chain. As negotiations continue between the longshoremen’s Union and shipping representatives, workers express concerns over pay and automation. If the strike occurs, it would be the first since 1977 and could cost the economy up to $4.5 billion a day, with immediate effects on local trucking businesses reliant on the ports. Retailers are already preparing for potential disruptions ahead of the holiday season. Currently, an agreement remains elusive, with urgent talks continuing.
With 45,000 dock workers across the country poised to walk off the job by the end of Monday, one owner of a trucking business in Houston is scrambling to find options to keep his job going.
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