Austin, TX
Texas Stock Exchange could become reality in 2025
Texas Stock Exchange announced by state leaders
As the Texas economy continues to grow, state leaders announced the launch of the Texas Stock Exchange.
TEXAS – As the Texas economy continues to grow, state leaders announced the launch of the Texas Stock Exchange.
“Today’s announcement is the next logical step in the trajectory of business in Texas,” said Gov. Greg Abbott.
Abbott says the Texas Stock Exchange, or TXSE, is well on its way to becoming a reality, set to go live in 2025.
“Pending approval, we will execute our first trades at the end of next year and launch listings in early 2026,” said TXSE founder and CEO Jim Lee.
TXSE will operate electronically from Dallas as a national stock exchange with companies from around the world able to trade and list their shares.
“That expands the financial might of Texas in the United States and cements our economic power on the global stage,” said Abbott.
TXSE has already raised more than $135 million, and Lee says it was a no-brainer given the size of the Texas economy.
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“With a GDP of $10.6 trillion, Texas is now the eighth-largest economy in the world,” said Lee.
Texas currently leads the nation in economic development projects, and is already home to energy companies like Chevron, tech companies like Dell and AT&T, and innovators like Tesla and SpaceX. Abbott believes with the addition of TXSE, that growth will continue.
“What that does is going to bring even more businesses to the state of Texas. And in doing so, that means many more good, high-paying jobs for our state,” said Abbott.
The Texas Stock Exchange is even setting its sights on being a serious competitor to Wall Street, with TXSE leaders suggesting it will be more business-friendly than its New York counterpart.
“We make it as easy as possible to do business in the state of Texas. The same thing goes with the Texas Stock Exchange,” said Abbott.
The Texas Stock Exchange still has to get federal approval from the Securities and Exchange Commission, which we’re told will likely happen in the coming months.
Austin, TX
How Texas’ road, bridge conditions compare to other states
AUSTIN (KXAN) — Texas’ highway system dropped two spots since 2025, and now ranks at No. 27 in the country for its cost-effectiveness and overall conditions, according to the Reason Foundation’s 2026 Highway Report.
The report assessed pavement conditions, fatalities, deficient bridges, infrastructure costs and congestion levels across the United States. Texas earned the following rankings:
- 33rd in urban interstate pavement conditions
- 21st in rural interstate pavement conditions
- 39th in urban arterial pavement conditions
- 12th in rural arterial pavement conditions
- 3rd in structurally deficient bridges
- 26th in urban fatality rate
- 42nd in rural fatality rate
- 41st in traffic congestion
“More than 42,000 of the nation’s 618,923 highway bridges, nearly 7%, are still structurally deficient. Arizona, Nevada, and Texas reported the lowest percentages of deficient bridges,” the report said.
The full report can be found online.
Austin, TX
Storms dump small hail throughout Austin area Saturday
AUSTIN (KXAN) — Small hail peppered the Austin area as strong thunderstorms moved through Saturday.
A few of the storms dropped rain and up to pea-sized hail in San Marcos, Dripping Springs and the Austin metro area.
A Severe Thunderstorm Warning was issued for Williamson County around 8:15 p.m., and then canceled shortly after. However, it was enough for the Two Step Inn music festival in Georgetown to cancel shows for the rest of the evening. Event organizers say the festival will run as planned Sunday.
KXAN’s First Warning Weather team is monitoring the storms. We will update this post as the evening continues.
Austin, TX
Abbott unveils monument dedicated to Texas Revolutionary War soldiers
AUSTIN (KXAN) — Governor Greg Abbott and the Texas Society Sons of the American Revolution unveiled a new monument at the Texas State Cemetery on Saturday, dedicated to Texas Revolutionary War soldiers.
“We must educate every generation about why it is that America grew from a tenuous 13 colonies into the most powerful country in the history of the world,” said Governor Abbott. “This monument here is an enduring testament to the heroes who fought for the freedom that is unique to America.”
The monument was dedicated to 69 soldiers who fought in the American Revolutionary War and later settled in Texas, according to a press release.
Among those that were honored, Abbott recognized:
- José Santiago Seguín, grandfather of Texas Revolutionary hero Juan Seguín.
- Peter Sides, who fought in the 2nd Battalion of the North Carolina Regiment of the Colonial Army, and was later killed in the 1813 Battle of Medina, fighting for Mexican independence against Spain.
- Antonio Gil Y’Barbo, the founder of Nacogdoches.
- William Sparks, who fought as a mounted rifleman in the American Revolution and later settled in Texas. He had two sons and two grandsons who fought in the Texas Revolution.
“This year marks the 250th anniversary of the American Revolution, which not only gave freedom to the British colonies of North America, but inspired movements for freedom and liberty all over the world,” said TSSAR President Mel Oller. “Texans played a role in the war too, and it’s important to recognize them, and the sacrifices they made for our freedom.”
At the monument unveiling, Abbott was also inducted into the Sons of the American Revolution and received its Silver Good Citizenship Medal.
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