DIRS.INFO The most relevant business & tech news

☆ Factbox: Corporate America leans on job cuts as recession fears mount
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +4 min

Nov 7 (Reuters) - Corporate America is cutting thousands of jobs to rein in costs amid tightening monetary policy and growing fears of a recession. Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, a report said. Microsoft:Microsoft Corp (MSFT.O) laid off under 1,000 employees across several divisions this week, Axios reported, citing a source. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Chime:Online banking firm Chime has laid off 12% of its employees, or about 160 jobs, a spokesperson said.

☆ Factbox: Corporate America lays off thousands as recession worries mount
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +7 min

DoorDash Inc (DASH.N):The food delivery firm, which enjoyed a growth surge during the pandemic, said it was reducing its corporate headcount by about 1,250 employees. Twitter Inc:The social media company laid off half its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk's $44 billion takeover. Chime Financial Inc:The online banking firm has laid off 12% of its employees, or about 160 jobs, a spokesperson said. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ Shale oil producer Coterra trims reserves estimates, shares sink
▼ + stars: | 2022-11-04 | by ( Liz Hampton | ) www.reuters.com time to read: +2 min

Companies Coterra Energy Inc FollowNov 4 (Reuters) - Shares of shale oil and gas producer Coterra Energy fell as much as 8% on Friday after the company cut its estimate of proven oil reserves, a key measure of future production growth. Coterra, which formed a year ago through the merger of Cimarex Energy and Cabot Oil & Gas, said proved reserves on its books will drop roughly 15% to 20% year-over-year at December 31, 2022. The decline was driven by a roughly 32% to 36% decline to gas reserves in its Marcellus shale properties in the Eastern United States that came with the Cabot acquisition. Rival U.S. shale oil producer EOG Resources said oilfield costs could increase by 10% next year, on top of a 7% increase in 2022, as inflation continues to snarl the energy industry. EOG, which this week announced it had extended operations into Ohio, said it will maintain low single-digit oil production growth next year.

☆ Houston’s AOC, Lina Hidalgo, Is on the Rocks
▼ + stars: | 2022-11-03 | by ( John Fund | ) www.wsj.com time to read: 1 min

One of the biggest stories of this year’s midterm elections has been the shift among Hispanic voters in South Florida and South Texas toward the Republican Party. But a more impressive gauge of the GOP’s new strength may come in an unsuspecting place—Harris County, Texas, which sits in the eastern part of the state and encompasses most of Houston. At 4.7 million people, Harris County is the third most populous county in the U.S. It’s also one of the most diverse. According to recent census numbers, its population is 44% Hispanic, 27% white, 20% African-American and 7% Asian.

☆ Republican Rep. Mayra Flores faces off against Democratic Rep. Vicente Gonzalez in Texas' 34th Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Republican Rep. Mayra Flores is running against Democratic Rep. Vicente Gonzalez in Texas' 34th Congressional District. Texas' 34th Congressional District candidatesIn June, Flores flipped the 34th District seat previously held by Democrat Rep. Filemon Vela during a special election after Vela resigned in March. Gonzalez, a three-term congressman who currently represents Texas' 15th Congressional District, serves on the Select Committee on Economic Disparity and Fairness in Growth. He chose to seek reelection in the 34th Congressional District after the state legislature placed his home, and much of his old district's urban core, in the newly drawn district. Voting history for Texas' 34th Congressional DistrictTexas' 34th Congressional District stretches from Kleberg County on the Gulf Coast to Cameron County and includes a part of Hidalgo County.

☆ Marathon Oil to buy Ensign's Eagle Ford assets for $3 bln
▼ + stars: | 2022-11-02 | by ( Shadia Nasralla | Svea Herbst-Bayliss | ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - Marathon Oil Corp (MRO.N) said on Wednesday it had struck a deal to buy Ensign Natural Resources' Eagle Ford assets for $3 billion in cash. Marathon said the deal was immediately accretive to the company's cash flow and will nearly double its position in South Texas' Eagle Ford basin. The company expects to raise its base dividend by an additional 11% after closing the deal, which is expected by the end of this year. The U.S. oil producer on Wednesday also posted quarterly income that topped Wall Street's estimate on higher energy prices. Reporting by Ruhi Soni in Bengaluru; Editing by Anil D'Silva and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Pros Check mark icon A check mark. High APY Check mark icon A check mark. No minimum opening deposit Check mark icon A check mark. No monthly service fees Check mark icon A check mark. Pros Check mark icon A check mark.

☆ SpaceX’s Falcon Heavy rocket returns to flight after three years
▼ + stars: | 2022-11-01 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

CNN —SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world — returned to the skies on Tuesday for the first time since mid-2019. Since that first test mission, SpaceX has launched only two other Falcon Heavy missions, both in 2019. SpaceX’s workhorse Falcon 9 rocket, on the other hand, has launched nearly 50 missions so far this year alone. With each Falcon Heavy launch, the rocket puts on a dramatic showing back on Earth. After Tuesday’s mission, the company only attempted to recover two of the Falcon Heavy rocket’s first-stage rocket boosters.

☆ Elon Musk's SpaceX expects first Starship launch to orbit this year -NASA
▼ + stars: | 2022-10-31 | by ( Joey Roulette | ) www.reuters.com time to read: +2 min

[1/2] Starship prototypes are pictured at the SpaceX South Texas launch site in Brownsville, Texas, U.S., May 22, 2022. Billionaire Elon Musk's SpaceX has sought for years to send its towering next-generation rocket system into orbit from the company's private launch facilities in Texas, where it has only launched prototypes of Starship's upper half some 6 miles (10 km) high to demonstrate landing attempts. The December mission will test the entire system for the first time, involving the company's 230-foot (70-meter) Super Heavy booster to lift the 160-foot (50-meter) Starship spacecraft into orbit. NASA in 2021 picked SpaceX's Starship to land humans on the moon around 2025 for the first time since 1972. That mission, under a roughly $3 billion contract, requires several spaceflight tests in advance that could delay the 2025 moon landing mission.

☆ Supreme Court could eliminate affirmative action in university admissions as it considers high-profile challenges against Harvard and University of North Carolina
▼ + stars: | 2022-10-29 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +7 min

Students for Fair Admissions wants the Supreme Court to eliminate race as a factor in university admissions. The Supreme Court will hear the two high-profile challenges on Monday. "I represent so many communities in which affirmative action benefits us all the time," Agustín León-Sáenz, a first-generation immigrant from Ecuador and a sophomore at Harvard, told Insider. The Supreme Court has over the years confronted the role of race in university admissions and repeatedly maintained the constitutionality of affirmative action. The Supreme Court is expected to hand down its decisions in the pair of cases by June.

IllinoisIn Illinois, two candidates are looking to make history as the state's first Latina congresswoman: Democratic state Rep. Delia Ramirez in the state's 3rd Congressional District, and Republican newcomer Catalina Lauf in the 11th Congressional District. OregonIn Oregon, two candidates are looking to become the state’s first Latina congresswoman: Democratic state Rep. Andrea Salinas and Republican Lori Chavez-DeRemer, the former mayor of Happy Valley. Flores is on the ballot again in November to defend her newly won seat representing Texas’ 34th Congressional District. Among them are Jenny Garcia Sharon in the 37th Congressional District and Carmen Maria Montiel in the 18th District. Justin Sullivan / Getty Images fileSen. Catherine Cortez Masto, a Democrat, made history as the first Latina elected to the U.S. Senate and the first woman elected to the Senate from Nevada.

☆ Chesapeake Energy trims workforce ahead of oil properties sale
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

Companies Chesapeake Energy Corp FollowOct 24 (Reuters) - U.S. shale gas producer Chesapeake Energy Corp (CHK.O) last week cut about 3% of its workforce, according people familiar with the matter, as it readies a sale of South Texas oil properties. The company this year said it would exit oil-producing properties in the Eagle Ford shale region of Texas to focus on its mainstay natural gas operations. A Chesapeake Energy spokesperson declined to comment. Oil prices fell the following year, a drop that helped send Chesapeake into restructuring. It emerged from Chapter 11 bankruptcy last year as natural gas prices began to rise.

Rep. Mayra Flores speaks at the University Draft House in McAllen, Texas, on Oct. 10. “I still believe at the end of the day this is still a solid, moderate Democratic region,” González said. A fighting chanceOf the three Latina Republicans running, Mónica De La Cruz, endorsed by former President Donald Trump and running in an adjacent congressional district, Texas' 15th, is considered the party's best chance to win. Soon after being sworn in to Congress, Flores voted against the landmark gun safety bill pushed through Congress by Sen. John Cornyn, the Texas Republican. Francisco Medrano Jr., of Harlingen, says he’s likely to support Republican Mayra Flores.

☆ U.S. Permian oil production forecast to hit record in November -EIA
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Oct 17 (Reuters) - Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is forecast to rise by about 50,000 barrels per day (bpd) to a record 5.453 million bpd in November, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. U.S. crude oil output in major U.S. shale basins is due to rise by about 104,000 bpd to 9.105 million bpd in November, its highest since March 2020, the EIA projected. In the Bakken in North Dakota and Montana, the EIA forecast oil output will rise 22,000 bpd to 1.190 million bpd in November, the most since December 2020. Total natural gas output in the big shale basins will increase 0.6 billion cubic feet per day (bcfd) to a record 95.1 bcfd in November, the EIA forecast. Gas output in the Permian and the Haynesville in Texas, Louisiana and Arkansas will also rise to record highs of 21.1 bcfd and 16.1 bcfd in November, respectively.

☆ 'Triple threat' of Latina candidates leads Hispanic shift to GOP
▼ + stars: | 2022-10-15 | by ( ) edition.cnn.com time to read: 1 min

In the battle for control of Congress, a shift in one key demographic could prove pivotal in more than a dozen competitive Senate and House races — including three in south Texas, where historically, Democrats have dominated among Latino voters. CNN's Boris Sanchez reports.

DALLAS — Well before jumping into the Texas attorney general's race, Democrat Rochelle Garza beat back a Trump administration attempt to stop a detained immigrant teenager from getting an abortion. Bob Daemmrich / Zuma via Alamy fileGarza has already made history by being the first Latina nominee for Texas attorney general. I’m a mother and I’m here to beat criminally indicted Ken Paxton,” Garza told supporters gathered at a Chocolate Secrets in Dallas. Polls have shown Garza within 2 to 7 percentage points of Paxton with all Texas voters. Tony Gutierrez / AP filePaxton was recently in the headlines again for fleeing his home to avoid being served a subpoena to testify in a lawsuit challenging Texas’ abortion ban.

☆ SpaceX books another ride for a millionaire around the moon
▼ + stars: | 2022-10-12 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —SpaceX said Wednesday that it has booked yet another mission around the moon for a wealthy thrill-seeker on its forthcoming Starship spacecraft. He declined on Wednesday to share any financial information about the upcoming Starship mission. It’s not clear when the first crewed Starship mission will take off, however. But Starship is far bigger than anything that SpaceX — or any other rocket developer — has ever built. It’s expected to have more thrust than both NASA’s Saturn V rocket, which powered the moon landings of the mid-20th century, and the space agency’s new moon rocket, called SLS, or Space Launch System.

☆ GOP makes push to weaken Democrats’ grip on Texas border
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: +6 min

Greg Abbott, kicking off a rally in the Texas border city of Harlingen. Border Democrats say dramatic moves to bus and fly migrants across the country will backfire with voters, but also acknowledge they can no longer coast into office. Rep. Vicente Gonzalez, a South Texas Democrat, switched districts to more favorable territory and is hoping to unseat her for a full term in November. Nikki Haley is set to campaign with Flores and de la Cruz on the border Monday — an unusual display of national GOP political force for South Texas. It also has a record 32 Hispanic Republican nominees on House ballots around the country, although many are underdogs.

We selected Ally, Bank of America, PNC Bank, Navy Army Community Credit Union, and GECU as the best banks and credit unions in Texas. Best banks and credit unions in Texas AllyBank of AmericaPNC BankNavy Army Community Credit UnionGECU Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Editor's rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Category Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best savings account Savings APY Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. We looked at the top 10 biggest banks and credit unions in the state, plus state financial institutions featured in our Black-owned banks and credit unions guide and Hispanic American-owned banks and credit unions guide.

☆ These 5 former House candidates might've been the next AOC, but entrenched politicians blocked their path
▼ + stars: | 2022-09-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +17 min

Durham County Commissioner Nida Allam competed in this year's Democratic primary for North Carolina's 4th Congressional District. And we need to have an infrastructure like that on the Democratic Party side. Former House candidate John Isemann faced ex-state lawmaker Tom Kean Jr. in the Republican primary for New Jersey's 7th Congressional District. Jay Nixon and also worked for the Missouri Democratic Party — decided to jump into the race himself. "We talk about the Democratic Party being a big-tent party," she said.

☆ Saudi Arabia buys pair of SpaceX astronaut seats from Axiom
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: +3 min

Under the deal, two Saudi astronauts will ride SpaceX's Crew Dragon capsule to the space station for a roughly weeklong stay early next year, the sources said. Officials with the Saudi Space Commission, Riyadh's space agency founded in 2018, were not immediately available to comment. The Saudi astronauts will join two previously announced Americans, retired NASA astronaut Peggy Whitson and race car driver and investor John Shoffner, the sources said. For Axiom and other space companies, cutting deals with foreign governments is seen as vital to sustaining a business centered on putting people in space. Axiom's astronaut flight business is crucial experience for the company's broader goals of deploying its own private space station by mid-decade.

Today, there are 56 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated on June 30, 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

☆ Elon Musk said he and the 'whole of SpaceX' had to be drug tested for a year after he smoked weed on Joe Rogan's podcast
▼ + stars: | 2022-08-05 | by ( Grace Dean | Huileng Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk said he had to take drug tests for a year after smoking weed on Joe Rogan's podcast in 2018. "I don't even know how to smoke a joint," the tech billionaire told the "Full Send" podcast Thursday. "I had to have like random drug tests and stuff after that, to prove that I'm not like a drug addict," Musk said, adding that the tests were required by the federal government. I had like a whole year of random drug tests." "Unfortunately, it wasn't just me but the whole company, the whole of SpaceX had to have random drug tests," Musk continued.

☆ The night the Lord of the Skies got away
▼ + stars: | 2022-07-22 | by ( Noah Hurowitz | ) www.businessinsider.com time to read: +38 min

It was May 1985, and Ramirez had only been with the Border Patrol for two and a half years. But he also knew that at the end of that road, just before the international port of entry, was a Border Patrol station. The Lord of the SkiesWithin a decade of that traffic stop, Amado would be the most significant drug trafficker in Mexico. It's the border," Ford told me recently when I reached him by phone. Ford and Amado didn't make a deal that night, but Ford said they agreed to "something tentative."

☆ Liquid nitrogen leaked onto wetlands around SpaceX launch pad before rocket-test explosion, federal regulators confirm
▼ + stars: | 2022-07-15 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

There was a liquid-nitrogen leak at SpaceX's Texas launch site, federal regulators told Bloomberg. An aerial video shows patches of wetland that are snow-white from the liquid-nitrogen leak. Elon Musk's aerospace company uses liquid nitrogen as a coolant when launching rockets. Bloomberg reported that the leak happened three days before SpaceX's Starship rocket booster prototype burst into flames at the launch site. SpaceX didn't immediately respond to a request for comment from Insider about the liquid-nitrogen leak outside normal business hours.

Search resuls for: "South Texas"

25 mentions found