Business News - News of Austin

Desk cluttered with financial documents with a laptop open to a spreadsheet and a worn wallet spilling onto the floor

Dividend Reinvestment: Taxes, Wash Sales & Portfolio Impact

Gavin U. Stonebridge January 2, 2026

At a Glance Dividend reinvestment triggers tax events even if shares are fractional. Wash-sale rules can invalidate a loss if you buy the same...

Federal agent looking down with faded Somali flag in background and torn checkbook hinting fraud on ground

Business News Local News Political News

Minnesota Surges Federal Agents After $100 Million Day-Care Fraud Claims

Morgan J. Carter January 2, 2026

At a Glance Federal agents surge in Minnesota after allegations of up to $100 million fraud by Somali-run day-care centers. DHS Secretary Kristi...

Business News Corporate News

Greg Abel to Succeed Buffett at Berkshire Hathaway

Hannah E. Clearwater January 2, 2026

At a Glance Greg Abel set to take over Berkshire Hathaway from Warren Buffett this week. Berkshire shares now above $750,000, with Buffett's fortune...

Business News Tech News

Meta Acquires AI Startup Manus in $2B Deal

Julia N. Fairmont January 2, 2026

At a Glance Meta has acquired Singapore-based AI startup Manus for over $2 billion. Manus reached $100 million in annual recurring revenue in just...

Person sits comfortably in Southwest Airlines seat with a vintage boarding pass reading Assigned Seating and a subtle airport

Business News Travel News

Southwest to Adopt Assigned Seating and New Plus-Size Rules in 2026

Aiden V. Crossfield January 2, 2026

At a Glance Southwest Airlines will implement assigned seating on Jan. 27, 2026. New seat classes: Standard, Preferred, Extra Legroom. Plus-size...

USPS clerk with a hint of a smile counting stacks of quarters and dimes with warm wooden counter and blurred flag background

Business News News Report

USPS to Round Cash Transactions After Penny Shortage

Aiden V. Crossfield January 2, 2026

At a Glance USPS will round cash to the nearest nickel if no pennies are in the till The policy, effective Dec. 12, 2023, reflects the end of penny...

Taxpayer sits at desk with centered IRS form and computer screen showing mileage rates in background

Business News Government News

IRS Raises Standard Mileage Rate to 72.5¢ per Mile in 2026

Julia N. Fairmont January 2, 2026

At a Glance IRS raises standard mileage rate for business use to $0.725 per mile in 2026. Medical and moving mileage rates drop to $0.205 per...

Worn wooden conference table holds stack of papers with soft golden lighting and blurred backdrop of shadowy officials

Business News Political News

Fed Cuts Rates Amid Deep Split Over Inflation and Jobs

Gavin U. Stonebridge January 1, 2026

At a Glance Fed cut key rate to 3.6% with 9-3 vote. Deep split over inflation vs job market concerns. Minutes reveal 19-member debate and delayed...

David Hoffmann stands confidently with hands clasped near a bookshelf of books as a billionaire investor CEO and leadership.

Business News Local News

David Hoffmann Buys Lee Enterprises for $50M, Shakes Up Newspapers

Brianna Q. Lockwood January 1, 2026

At a Glance David Hoffmann will take over Lee Enterprises with a $50 M investment. CEO Kevin Mowbray will retire after 39 years. Shares surged over...

Crate spilling oysters onto wooden dock with moonlit warehouse behind showing lobster and crab

Business News Crime News Local News

New England Seafood Theft: 40,000 Oysters, $400K Lobster Vanish

Aiden V. Crossfield December 31, 2025

At a Glance 40,000 oysters, $400,000 lobster, and crab stolen in New England. Thefts occurred on Nov. 22, Dec. 2, and Dec. 12. Small businesses and...