The Galveston
Business
Galveston residents weigh in on island’s future during first community workshop
Maps, posters and Post-it notes covered walls in the Abe and Annie Seibel Wing of Galveston College, 4015 Ave. Q, as city administrators held the first community workshop about drafting an updated comprehensive plan....
Galveston cruise expansion brings concerns for historic Pier 19
The Galveston Wharves is negotiating with Royal Caribbean Group on development of a new cruise terminal and berth at Pier 14, a project port officials say could bring another major economic boost to the region while potentially reshaping portions of…...
Nearly 40,000 tiles later, Bishop’s Palace roof is complete
The Galveston Historical Foundation undertook the project last year after leaks began appearing inside the National Historic Landmark, including on the third floor and in its chapel....
US existing home sales fall further; small business sentiment at 11-month high
By Lucia Mutikani WASHINGTON, Aug 11 (Reuters) - U.S. existing home sales fell for a second straight month in July as higher mortgage rates and house prices because of tight supply pushed out...
Safeway closing more locations for this reason, parent company says
Nearly two years after a failed merger with Kroger, Safeway is closing more stores, according to a statement from the chain’s parent company.
Florida company to lay off nearly 200 workers, close headquarters
Postal Center International, a mail services company based in Broward, is laying off nearly 200 employees at its Weston headquarters, according to a WARN notice....
Trading card company Panini has made explosive new …
Trading card company Panini has made explosive new allegations in its three-year-old antitrust litigation against rival Fanatics.
Soup kits sold at Walmart in 29 states recalled. See affected product
A food manufacturer in Maryland has recalled more than 3,000 tomato soup kits sold at Walmart due to possible listeria contamination, the company recently announced....
US rocket company Astra Space seeks to raise $250 million in comeback bid
By Joey Roulette WASHINGTON, Aug 14 (Reuters) - U.S. rocket company Astra Space is seeking to raise $250 million at a $1 billion valuation in a funding round expected to close this quarter, CEO Chris...
Texas City pastor, businessman found dead in Moses Lake
Robert Kenneth Gass was found near the center of Moses Lake after crews searched the area by boat and helicopter, according to information released by Texas City officials....
Tapestry forecasts strong annual profit as Coach draws young shoppers
Aug 13 (Reuters) - Tapestry on Thursday issued an upbeat annual earnings forecast after beating Wall Street estimates for quarterly profit, helped by resilient demand from affluent and young shoppers...
‘Chris Paul is a very good friend of Bob Iger's. He …
Ramona Shelburne: ‘Chris Paul is a very good friend of Bob Iger's. He just recently retired, so he's available. I know he has some production company designs that he's done....
Birkenstock raises annual revenue forecast on strong demand
Aug 13 (Reuters) - Birkenstock raised its full-year sales growth forecast on Wednesday, banking on resilient full-price demand for its premium sandals from affluent shoppers....
Rise of AI shopping pushes merchants to protect loyalty, Adyen says
By Leo Marchandon and Gianluca Lo Nostro Aug 13 (Reuters) - The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more direct customer relationships over...
Thailand's second-quarter growth seen slowing sharply as weak consumption weighs: Reuters poll
By Pulkit Khanna BENGALURU, Aug 13 (Reuters) - Thailand's economic growth likely slowed sharply in the second quarter, while the economy contracted on a quarterly basis, a Reuters poll of economists...
Starlink starts taking orders for satellite internet service in Vietnam
HANOI, Aug 13 (Reuters) - Starlink, the satellite internet service operated by Elon Musk's SpaceX, has begun accepting orders in Vietnam, according to the company's local website....
Report: Josh Kushner, Bob Iger to buy Lakers for record $12.5B
American businessman Josh Kushner and former Disney executive Bob Iger are purchasing the Los Angeles Lakers for a record-breaking price of $12.5 billion, ESPN reported on Wednesday....
Mat Ishbia took to YouTube last Monday to deliver an …
Phoenix Suns NBA team owner and mortgage finance billionaire Mat Ishbia took to YouTube last Monday to deliver an upbeat analysis of the housing market from his company’s office basketball court....
New cars cost nearly $50K. Here are 5 affordable car brands under $40K
Only five major car brands averaged sales prices under $40,000 in the United States in June 2026 as average new car prices remain close to $50,000 and car shoppers are feeling the pinch....
Lakers sold to Josh Kushner, Bob Iger for record-breaking $12 billion
Ramona Shelburne: The Los Angeles Lakers are being sold to American businessman Josh Kushner and Bob Iger for a record breaking price over $12 billion, multiple sources told ESPN....
Greensboro event gets new sponsor; elevated to top-tier status
It did not take long for the venerable PGA Tour event in Greensboro, N.C. to procure a new sponsor. Wednesday, the tour announced that Raymond James, a wealth management company located in St....
Treasury Wine hurt by weak Americas business, posts 42% drop in annual profit
Aug 13 (Reuters) - Australia's Treasury Wine Estates reported a 41.5% drop in full-year underlying profit on Thursday, weighed by weaker earnings from its Americas division....
The most expensive sales of NBA teams ever
From a purely business standpoint, the NBA appears to be in a healthier place than ever.
Popeyes chicken contained 'condom-like' object, $1.5M lawsuit alleges
Two Popeyes customers in Texas are suing the fast-food chain and its parent company for $1.5 million after allegedly finding a condom-like object inside a piece of fried chicken....
Because after the former Disney CEO and his business …
For Bob Iger, his and Josh Kushner’s purchase of the majority ownership of the Lakers from Mark Walter for a historic $12.5 billion valuation was still sinking in as of late Wednesday morning....
Exclusive-Inside the Google executive moves that led to its big AI reshuffle
By Kenrick Cai SAN FRANCISCO, Aug 12 (Reuters) - Google co-founder Sergey Brin in recent months has urged key AI staff to go all in on the company's Gemini model as parent Alphabet seeks to close the...
Shake Shack opening 11 new locations in these states in August
Shake Shack is having a busy month as it opens 11 new locations this August, including four restaurants on the same day in four different states.
SEPTA to restore this direct bus route after more than 10 years
Good news for Philly commuters; SEPTA is linking directly from Center City to the Navy Yard for the first time in over a decade.
Rising credit costs are squeezing homebuyers. Here’s what it means for you
Buying a home already means saving for a down payment, shopping for a good mortgage rate and covering closing costs.
Resorts, research and robotics shape Galveston’s economic future
Artificial intelligence in medicine, robotics on the waterfront, advanced manufacturing, life sciences and increasingly ambitious hospitality projects are among the opportunities economic development officials see reshaping the island’s economy....
How managers can create effective leaders
In today’s job market, the challenge for managers isn’t just hiring talent — it’s figuring out how to keep people growing once they’re inside the company....
I'm a 12-year grocery store veteran. 9 ways it changed the way I shop
Ever wondered how grocery store employees shop for themselves? After earning a degree in nutrition, I worked at a food co-op for four years.
Uber Freight says its investigating cyber incident following hacker claims
Aug 11 (Reuters) - Uber Freight is investigating a data security incident involving unauthorized access to a portion of its systems and repositories, a company spokesperson said on Tuesday....
New retailer opens on busy corridor in Wichita Falls
A Skechers shoe store has opened in Wichita Falls at 3127 Lawrence Road.
Senior OpenAI executive Brad Lightcap to leave for new venture
Aug 11 (Reuters) - Senior OpenAI executive Brad Lightcap said on Tuesday he would leave the company to start a new venture, as the ChatGPT maker gears up to go public amid growing AI demand....
Inflation is the biggest problem, Fed's Goolsbee says
Aug 11 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee, in a video that was primarily Economics 101 and did not explicitly include his monetary policy views, indicated he is more...
AI startup Manus to resume independent operations as deal with Meta unwinds
BEIJING, Aug 11 (Reuters) - AI startup Manus said on Tuesday it will resume operating as an independent company and some user data will be deleted as part of its separation from U.S. tech giant Meta....
No audit for planned Nueces County data center under Abbott's order
Hut 8, the company developing a planned 525-acre data center in Nueces County, will not require an audit under a directive by Gov.
European shares edge higher as energy stocks climb on elevated oil prices
Aug 11 (Reuters) - European shares edged higher on Tuesday, lifted by energy stocks as Middle East uncertainty kept oil prices elevated, while investors awaited a slate of economic data later this...
FlightAware sues Kalshi over flight-cancellation markets
Aug 11 (Reuters) - Flight-tracking service FlightAware is suing prediction markets giant Kalshi accusing the company of using its data and name to run "gambling markets on flight cancellations"...
It's not just Taco Bell. Taylor Farms supplies many restaurants, stores
Taylor Farms produces much of the lettuce and many of the jalapeño peppers sold in America’s supermarkets and fast-food restaurants. Right now, many consumers would like to know which ones....
Moldy ice, chemical violations in Abilene restaurant inspections
The city of Abilene Environmental Health Division regularly monitors restaurants and food establishments for compliance with state food safety requirements....
Retail investors sold SpaceX shares for first time on Friday
By Shashwat Chauhan Aug 10 (Reuters) - Retail investors who spent weeks defending SpaceX through its post-IPO run turned net sellers on Friday, marking the first such instance since the company's...
Euro zone investor morale turns positive in August, Sentix survey shows
BERLIN, Aug 10 (Reuters) - Investor morale in the euro zone returned to positive territory in August and rose for a fourth consecutive month, helped by a sharp improvement in current economic...
Trading platform Plus500 reports higher core profit as US business gains traction
Aug 10 (Reuters) - Trading platform Plus500 reported a rise in half-year core profit on Monday, aided by higher trading activity as the company expanded its U.S. business and rolled out more products,...
Sony, TSMC to spend $6.3 billion to jointly make image sensors, Nikkei says
TOKYO, Aug 10 (Reuters) - Sony Group and Taiwan's TSMC plan to spend around 1 trillion yen ($6.32 billion) to jointly make next-generation microchips used in image sensors, the Nikkei business daily...
I Squared wins bidding war for Australia's oOh!media with $735 million deal
Aug 10 (Reuters) - Australian outdoor advertising company oOh