Global equipment manufacturer expects $1 billion-plus in tariff costs this this year

Irving-based Caterpillar also reported the company’s sales and revenues dipped 1% year-over-year to $16.6 billion. IRVING, Texas — A North Texas-based construction and mining equipment manufacturer is expecting tariff costs of up to $1.5 billion this year, the company says.  The projection comes as the company, Caterpillar, which is headquartered in Irving, reported this week … Read more

Tesla, Elon Musk sued by shareholders over Robotaxi claims

Shareholders are suing Tesla and Elon Musk, claiming that false statements about driverless taxis led to a stock drop. AUSTIN, Texas — Tesla shareholders filed a class action lawsuit on Monday, accusing Elon Musk and the company of making false claims about the company’s driverless taxi service. Shareholders are accusing Musk and Tesla’s current and … Read more

New report shows Texas has the most people in financial distress

And per person, the study found Texas had the third-highest number of accounts in forbearance or with deferred payments. DALLAS — Texas, how are you feeling? According to WalletHub, we shouldn’t be surprised if the answer is “distressed”. The site recently listed Texas as the state with the most people in financial distress. For this … Read more

Kerrville business owner seeks aid as floods devastate tourism-reliant earnings

Kerrville’s Howdy’s Bar and Chill owner fears her business’s future due to flood impacts on tourism. KERRVILLE, Texas — While mourning those lost to the floods, many are also grieving the destruction of their communities in Kerr County. Among them: small business owners who say they are struggling to rebuild. For businesses like Howdy’s Bar … Read more