Samsung Profit Plummets 55% Amid Chip Delays, Trade Pressures
Samsung Electronics' profit dropped 55% in Q2 as chip delays and trade tensions impact business, despite a $16.5 billion deal with Tesla tied to its Texas plant.
Latest business
When is tax-free weekend in Texas 2025? Buy back-to-school supplies without sales tax
Texas' annual sales tax holiday is coming up, and it applies to in-store and online purchases. See what qualifies for tax-free weekend.
ICON 3D-Prints Affordable Homes in Austin's Mueller Neighborhood
ICON is constructing three affordable 3D-printed homes in Austin's Mueller neighborhood as part of a program ensuring 25% of housing remains income-qualified.
Texas leads in $947M JCPenney store property sale; no closures announced
Nearly five years after JCPenney filed for bankruptcy, a Boston-based private equity firm is acquiring 119 of its store properties for $947 million.
Waymo, Avis Partner to Bring Robotaxis to Dallas by 2026
Alphabet-owned Waymo is teaming up with Avis to launch self-driving robotaxis in Dallas by 2026. Here’s what it means for Texas riders.
Firefly Aerospace lands $176.7M NASA contract for moon mission
Firefly Aerospace, the Cedar Park-based space and technology company that recently became the first commercial company to land on the moon, was awarded a $176.7 million NASA contract for another lunar mission.
Firefly Aerospace IPO Targets $5.5B Valuation
Firefly Aerospace's IPO could value the Cedar Park-based rocket maker at $5.5 billion, with plans to trade on Nasdaq as FLY.
Firefly Aerospace Targets $643M IPO with Nasdaq Listing
Firefly Aerospace is aiming to raise up to $643 million in its initial public offering. The Cedar Park-based rocket maker plans to go begin trading on the Nasdaq under the ticker symbol FLY.
Shipley Do-Nuts Acquired by California Private Equity Firm
Shipley Do-Nuts, owned by Austin-based Peak Rock Capital since 2021, has been acquired by California private equity firm Levine Leichtman Capital Partners. The Houston-based chain plans further expansion.
Tesla signs $16.5B AI chip deal with Samsung for Texas facility
Samsung will produce Tesla’s next-gen AI chips at its semiconductor plant set to open next year northeast of Austin in Taylor.
Cameron County says SpaceX’s Starbase must provide water to residents
The county recently ended water deliveries for dozens of properties near SpaceX’s company town in South Texas. A lawmaker calls situation “deeply concerning.”
Zendesk opens Austin offices, goes on hiring spree. 'We're planting a big flag.'
The San Francisco-based AI company, which specializes in sales and customer service tech, is planning to hire and expand in the city.
8 Texas Cities Rank Among Top 25 Cheapest Places to Live in U.S.
Low cost of living in eight Texas cities make them some of the most affordable places to live in. Most are in South and Southeast Texas.
Trump’s 30% Mexico Tariff Threat Could Strain Texas Economy
The possibility of a 30% tariff this week “is a game changer,” said Dante Galeazzi, CEO and president of the Texas International Produce Association, as Texas businesses brace for potential economic strain.
Could Tesla open a Supercharger Diner in Texas? Musk hints at possible location.
The Tesla Supercharger Diner opened Monday in West Hollywood and Elon Musk is already teasing a Texas expansion.
Looking to rent in Texas? These 3 cities are among the nation’s best in 2025
According to a study by Rent Cafe, Texas has some of the best cities for rent.
Former Justine's chef opens East Austin seafood restaurant Fish Shop
Fish Shop, a new seafood restaurant from Justin Huffman and Nicole Rossi, brings West Coast oyster bar vibes to East Austin.
Austin Ranks Among Top Cities for College Grads, Outperforming Other Texas Metros
A study by payroll-services provider ADP ranked Austin among the top five locations for recent college grads, highlighting its affordability, wages, and hiring activity compared to other Texas metros.
Zeds celebrates third Austin location opening with free ice cream in Westlake
The New Zealand-style ice cream shop that started in East Austin continues its westward expansion.
Starbase vs. Cameron County: This time it’s over residents’ water supply
Starbase’s city administrator is asking Cameron County to resume its water deliveries for residents in and around the company town.