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.
Gov Abbott talks voter roll cleanup
Texas Gov. Greg Abbott recently announced over one million ineligible voters were removed from the state’s voter rolls, which prompted accusations of voter suppression from Democrats. Abbott spoke with FOX 7 Austin’s Rudy Koski in this “Texas: The Issue Is”.
“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
Environmental experts say Texas data centers come with uncertainty
The main switchyard at a Midlothian power plant. The federal government is sending Texas more than $60 million to strengthen the state’s power grid. Credit: Shelby Tauber for The Texas Tribune
Texas is home to approximately 400 data centers — some currently operational, others still under construction and a number that are still in the planning stages. Experts say the boom comes with a lot of uncertainty.
Texas data center power demand
What they’re saying:
“Data centers are a relatively large power demand in a small area, something like, you know, 100 or 200 megawatts of power. That’s more than a small city or a small town would be consuming itself,” said Carey King, a research scientist with the Energy Institute at the University of Texas at Austin.
Over the past year, the Electric Reliability Council of Texas has received more than 200 gigawatts worth of large load interconnection requests, approximately 73% of which are from data centers. That has led to questions about whether the state’s grid is up to the task of supplying power to the facilities.
“Many of us who suffered through winter storm Uri still have PTSD over, you know, fears that the grid won’t be able to meet demand,” said Luke Metzger, the executive director of Environment Texas, a local nonprofit working to safeguard the state’s natural environment.
Question of infrastructure
That’s not the only question. King points out that there is also a question of whether all the proposed data centers will actually be built. He says if they don’t end up materializing, it could spell trouble for anyone making investment decisions based on the projections. And if infrastructure is built to accommodate the needs of projects that never come to fruition, those costs could be passed off to consumers in the form of higher rates.
Experts say these speculative data center projects have led to uncertainty around how much power will actually be needed to meet the demands of the state’s data centers.
Senate Bill 6, which was signed into law last June, outlined new requirements for data center projects, including stipulating that data centers put up more capital up front for things like transmission studies and interconnection fees. The bill is, in part, intended to reduce some of that uncertainty around speculative power loads.
Potential environmental impact
But concerns still remain around the potential environmental impact of the state’s data centers.
“There are an estimated 130 new gas-powered power plants that have been proposed for Texas, in part to meet this demand for data centers, and if they’re all built, that’s going to have as much climate pollution as 27 million cars,” said Metzger.
Above all, Metzger says the biggest uncertainty is water, as there is no central entity in the state that collects and compiles information on those needs.
On average, a single data center consumes millions of gallons of water annually, according to researchers with the University of Michigan. Metzger says that’s of particular concern here in Texas, where water supply is already being pushed to its limits.
“Texas is a very drought-prone state, and already, you know, you know, according to the Water Development Board, you know, we don’t have enough supply to meet demand,” said Metzger. “There is no way to make more water. And so, I think ultimately, you know that that could be the greatest concern for the state.”
Over the past year, residents across Central Texas have spoken out about data centers in places like Round Rock and Taylor, citing additional concerns including falling property values, noise, and health impacts.
What’s next:
Moving forward, experts recommend that local leaders undergo long-range planning to determine whether they’re able to allocate limited resources to data centers in the long run prior to approving these projects.
The Source: Information in this article comes from FOX 7 interviews with experts.
Austin, TX
Silver Alert issued for missing 73-year-old man in Austin
AUSTIN, Texas — The Texas Department of Public Safety has issued a Silver Alert for an elderly man who has been missing since Friday afternoon in Austin.
The Austin Police Department is looking for Charles Evans, a 73-year-old man diagnosed with a cognitive impairment. Evans was last seen at 5:37 p.m. on Jan. 9 in Austin.
Silver Alert issued for missing 73-year-old man in Austin
ALSO| Students recount emotional toll of Leander High School possible bomb threat lockdown
Police describe him as a 6’3″ tall white male, weighing 225 pounds, has gray hair, hazel eyes, and who uses a walker.
Law enforcement officials believe his disappearance poses a credible threat to his health and safety.
Anyone with information regarding his whereabouts is urged to contact the Austin Police Department at 512-974-5000.
Austin, TX
Man arrested, charged for deadly shooting at downtown Austin hotel
AUSTIN, Texas – A 20-year-old was arrested and charged with murder for a deadly shooting at the Cambria Hotel in downtown Austin, police said.
What we know:
Police said on Monday, Jan. 5, around 6:55 a.m., officers responded to a report of a gunshot at the Cambria Hotel at 68 East Avenue #824. The caller said a person had been shot.
When officers arrived, they found a man with injuries. He later died at the scene. He was identified as Luke Bradburn.
The investigation revealed that Bradburn drove and crashed a car that belonged to 20-year-old Maximillian Salinas. After the crash, Bradburn and the other people in the car left and went to the Cambria Hotel.
Salinas went to the hotel and shot Bradburn.
On Jan. 6, Salinas was arrested and charged with murder.
Anyone with information is asked to contact the Austin Police at 512-974-TIPS. You may submit your tip anonymously through the Capital Area Crime Stoppers Program by visiting austincrimestoppers.org or calling 512-472-8477.
The Source: Information from the Austin Police Department
-
Detroit, MI1 week ago2 hospitalized after shooting on Lodge Freeway in Detroit
-
Technology5 days agoPower bank feature creep is out of control
-
Dallas, TX2 days agoAnti-ICE protest outside Dallas City Hall follows deadly shooting in Minneapolis
-
Dallas, TX6 days agoDefensive coordinator candidates who could improve Cowboys’ brutal secondary in 2026
-
Delaware2 days agoMERR responds to dead humpback whale washed up near Bethany Beach
-
Iowa5 days agoPat McAfee praises Audi Crooks, plays hype song for Iowa State star
-
Health7 days agoViral New Year reset routine is helping people adopt healthier habits
-
Nebraska4 days agoOregon State LB transfer Dexter Foster commits to Nebraska