Business News - News of Austin

Car parked outside auto dealership with dim shopping mall and long sunset shadows

U.S. Retail Sales Flat in October as Vehicle Dealerships Drop 1.6%

Julia N. Fairmont December 23, 2025

October U.S. retail sales were unchanged from September, as consumers tightened spending amid worries over higher prices and economic uncertainty....

Howard Stern smiling with SiriusXM contract displayed behind him in his warm radio studio

Business News Entertainment News

Howard Stern Extends SiriusXM Deal for Three Years, Citing a Flexible Schedule and Love for Radio

Fiona Z. Merriweather December 23, 2025

Howard Stern has just announced a three‑year extension with SiriusXM, saying he has “figured out a way to have it all.” Extension...

Austin skyline glows with sunset hues as a utility line stretches overhead and solar panels light up below

Business News Energy News Local News

Austin Energy Unveils $735M Grid Resilience Plan for Next Decade

Brianna Q. Lockwood December 23, 2025

On Tuesday, Austin Energy announced a plan that could reshape the city’s electric infrastructure, pledging $735 million over the next decade to make...

Calendar shows 64,000 new jobs with vibrant office and whiteboard shows 105,000 lost jobs with dim room and faint FedReserve

Business News Economic News

US Labor Market Slows After November Gains, While October Sees Record Job Losses

Gavin U. Stonebridge December 23, 2025

The U.S. labor market swung dramatically in November, adding 64,000 jobs while shedding 105,000 in October. The unemployment rate climbed to 4.6%,...

Senator sits at head of table in hearing with Venezuela map behind and US officer and Venezuelan official beside

Business News Political News World News

Boat Strikes, Court Cases and a Vanity Fair Storm: Trump Administration Under Fire

Aiden V. Crossfield December 23, 2025

As the Trump administration gears up for a congressional briefing on its Venezuelan operations, a cascade of legal and political controversies is...

Austin home with front door ajar and dusk light, with mixed style homes on tree‑lined street, MLS data on sign.

Business News Local News Market News

Austin Metro Home Prices Dip 1.1% as Listings and Inventory Steady Amid Fed Rate Cuts

Hannah E. Clearwater December 23, 2025

The Austin metro housing market shows a modest decline in home prices, with the median sale price falling 1.1% year‑over‑year to $430,000 as of...

Plate presenting braised pork belly with scallions and chili peppers with market stall background

Business News Trade News World News

China Cuts EU Pork Tariff Ceiling from 62.4% to 19.8% After Anti-Dumping Probes

Isaac Y. Thornwell December 23, 2025

China’s Commerce Ministry announced on Tuesday that it will lower the tariff ceiling on pork imports from the European Union to 19.8% from the...

Destroyed farmhouse stands with a power pole as a Texas wildfire rages behind fire and ash drifting in the sunset.

Business News Government News Local News

Texas sues Xcel Energy over Smokehouse Creek wildfire that killed three and caused $1B in damage

Brianna Q. Lockwood December 23, 2025

Texas filed a lawsuit Tuesday against Xcel Energy, the Minnesota‑based utility that operates as Southwestern Public Service Company in Texas. The...

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Business News Tech News World News

EU Considers Looser 2035 Car Emissions Ban Amid Automaker Pressure

Aiden V. Crossfield December 23, 2025

EU officials are moving to relax the 2035 ban on internal‑combustion car sales, shifting from a zero‑emission target to a 90% reduction in average...

Firefighter walking away from wildfire with charred trees and flames licking a power line and abandoned rusted truck

Business News Government News

Texas Attorney General Files Lawsuit Against Xcel Energy Over 2024 Smokehouse Creek Fire

Fiona Z. Merriweather December 23, 2025

The Texas Office of the Attorney General announced on Tuesday that it has filed a lawsuit against Minnesota‑based electric company Xcel Energy,...