DIRS.INFO The most relevant business & tech news

☆ Election Updates: Biden and Harris renew push for support of Black voters.
▼ + stars: | 2024-05-29 | by ( Maya King | Nicholas Nehamas | ) www.nytimes.com time to read: +4 min

He also once opposed hard-line immigration policies, and the Texas Republican Party censured him — but he has since shifted toward them. But House Republican leaders stuck by Mr. Gonzales, and their support may have in part rescued Mr. Gonzales in a race that hung by a knife’s edge into early Wednesday morning. In a four-person primary, Mr. Furman won about 45 percent of the vote and Mr. Garza won 27 percent to advance to the runoff. Texas House District 21The speaker of the Texas House, Dade Phelan, edged out his Trump-backed opponent in the Republican primary for his seat, winning by fewer than 400 votes. In Tuesday’s runoff, Mr. Phelan took 50.7 percent of the vote.

Persons: Tony Gonzales, “, ”, Brandon Herrera, Herrera, Mr, Gonzales, —, Matt Gaetz, Jay Furman, Henry Cuellar, Kenny Holston, Furman, Lazaro Garza Jr, Garza, Donald J, Cuellar’s, Rosie Cuellar, Cuellar, Dade Phelan, Trump, David Covey, Covey, Phelan, Ken Paxton, Paxton Organizations: Texans, Republican, State House, Trump, . House, Texas Republican Party, AK, Caucus, Navy, Democrat, Capitol, New York Times, Democratic, Texas House District, Texas House, Mr, Texas, Texas Senate Locations: Uvalde , Texas, Florida, San Antonio, Texas

☆ Texas House Speaker Survives Challenge From Hard Right
▼ + stars: | 2024-05-28 | by ( J. David Goodman | ) www.nytimes.com time to read: +1 min

The speaker of the Texas House, Dade Phelan, won renomination in a runoff on Tuesday, surviving a bruising Republican primary challenge from a party activist and first-time candidate who was backed by former President Donald J. Trump and his Texas supporters. The race, in a southeast Texas district that includes part of the city of Beaumont, was a bitter political showdown among some of the most powerful players in Texas politics, and was likely to have been one of the most expensive ever for a Texas House seat. Millions poured in to the campaigns during the primary, including large donations from West Texas oil and gas billionaires and out-of-state school-choice advocates who backed the challenger, David Covey. For his part, Mr. Phelan had help from deep-pocketed donors like Miriam Adelson, the Las Vegas casino magnate and widow of the Republican megadonor Sheldon Adelson. Covey, a technical adviser to the oil and gas industry who has described himself as a “very committed Christian and a conservative,” led Mr. Phelan in the first round of voting in March, when neither candidate won a majority.

Persons: Dade Phelan, Donald J, Trump, David Covey, Phelan, Miriam Adelson, Republican megadonor Sheldon Adelson, . Covey, Christian, ” Organizations: Texas House, Las, Republican Locations: Texas, Beaumont, West Texas, Las Vegas

☆ Why Silicon Valley Bank collapsed and what it could mean
▼ + stars: | 2023-03-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

London CNN —Silicon Valley Bank collapsed with astounding speed on Friday. A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California, United States. Established in 1983, Silicon Valley Bank was, just before collapsing, America’s 16th largest commercial bank. Like many other banks, SVB ploughed billions into US government bonds during the era of near-zero interest rates. By Friday morning, trading in SVB shares was halted and it had abandoned efforts to raise capital or find a buyer.

Search resuls for: "David Covey"

3 mentions found