Why has Texas become the new business hotspot?

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Rick Newman News

Texas,Hotspot

Texas is becoming a hotspot for businesses to relocate: a new CBRE report shows three of the top five markets that gained headquarters between 2018 and 2023 ...

Texas is becoming a hotspot for businesses to relocate: a new CBRE report shows three of the top five markets that gained headquarters between 2018 and 2023 all belonged to the Lone Star State.joins Asking for a Trend to discuss why companies are eyeing Texas and the possibility of a new Dallas-based exchange.It really has in the past few years here.

It's just sort of certain executives that are based there in Texas and the rest of the workforce might remain elsewhere.The latest news is that there is a Texas stock exchange that's in the works that's getting some big backers from the likes of Black Rock and Citadel.But we wanted to talk more broadly about this Texas mi migration trend.And on this Rick, we thought of you because, uh, you know, there is sort of a politics overlay to all of this as well.

Um, but, uh, you know, this could be, uh, this isn't a bad thing and it could be beneficial down the road. So, uh if this does get off the ground, I think, I think that they would have to make a case um on financial grounds that this would be good for, you know, maybe it'll be, you know, the NASDAQ, for example, focus on tech companies, right?Um so maybe uh a Texas Exchange could focus on energy companies.

In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share. -- Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans.

BofA says chip stocks won't peak until mid-2026, and that these 3 sub-industries will thrive until then

 

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