Houston homebuilding costs may rise by up to $12,500 due to tariffs, impacting affordability. Builders face challenges amid increased material costs, inflation, and economic pressures. Strategies to maintain profitability highlight the industry’s resilience.
Tilman Fertitta, Houston billionaire and potential U.S. Ambassador to Italy, increases his stake in Wynn Resorts to 12.3%. As the top shareholder, his investment supports Wynn’s market performance. Fertitta navigates business and diplomatic roles with strategic acumen.
Texas oil and gas leaders express frustration over President Trump’s policies impacting crude prices. Industry figures, once supportive of deregulation, now face challenges from tariffs and market volatility. Calls for strategic support for U.S. shale emphasize the sector’s critical economic contributions.
Prada has agreed to acquire Versace from Capri Holdings for 1.25 billion euros. This move will create a luxury group exceeding six billion euros in revenue, reinforcing Prada’s position against giants like LVMH and Kering.
Houston’s Fortune 500 firms lose $167 billion in market value due to tariffs. Exxon Mobil and APA see major declines, with energy sector hardest hit. Some non-energy companies fare relatively better.
Ten Houston restaurants closed in March, reflecting ongoing economic challenges faced by the industry. From 1891 American Eatery to Star Sailor, these closures mark significant changes in the city’s dining landscape.
Chevron is set to lay off 600 employees amid its headquarters relocation from California to Houston. This strategic shift aligns with cost-reduction goals and industry trends, supporting Chevron’s long-term growth and competitiveness as it finalizes a major acquisition.
President Trump’s tariffs result in a $3 trillion loss in global market value. Houston’s major companies face significant financial impacts, with energy and tech sectors hit hardest. Market conditions show ongoing volatility.
A 2-acre site near Rice Village in Houston is up for sale, offering a rare redevelopment chance for mixed-use projects near key city landmarks. With significant retail and office space, the site is ripe for transformation amidst a growing urban landscape.
Meralco assures customers of stable electricity supply during the peak summer months. The company collaborates with government and industry players to ensure reliable service amid increased power consumption.