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Invesco leadership honors passing of 'true visionary' Denis Kessler

Global independent investment management firm Invesco announced that its longtime non-executive director and board member Denis Kessler passed away at the age of 71.


Business

Musk: 'The words ‘cis’ or ’cisgender’ are considered slurs on this platform’

Elon Musk, owner of Austin-based social media company Twitter, recently said that words "cis" and "cisgender" are now "considered slurs" on the social media platform.


Business

Binance official: Government's broad-brush approach to crypto exchanges 'detrimental to users’

Patrick Hillman, Binance’s chief communications officer, said in a tweet that the Security and Exchange Commission's (SEC) attempts to equate all crypto exchanges to the failed exchange FTX are hindering productive developments of consumer protections in the industry.


Business

ERCOT's Vegas: 'We are forecasting increased demand due to the higher temperatures expected this week and into next week'

Forecasts of triple-digit heat for much of the second full week of June prompted the Electric Reliability Council of Texas (ERCOT) to implement a weather watch on Tuesday to go into effect on Thursday.


Business

ERCOT's Vegas on new multilevel notification system: 'TXANS will deliver clear and reliable notifications'

Keeping Texans fully informed on weather conditions and the ability of the electric grid to respond to them is a priority; said Pablo Vegas, president and CEO of the Electric Reliability Council of Texas.


Business

Binance head of Financial Crimes Compliance: Blockchain transparency has helped catch perpetrators of 'child abuse, drug trafficking, public corruption'

Binance, the largest cryptocurrency exchange in the world, has launched a six-part video series featuring members of its compliance team with the goal of debunking myths about crime and compliance in crypto.


Business

Texas lawmaker proposes bill to prevent another FTX-like failure

As chair of the Texas Innovation and Technology Caucus, state Rep. Giovanni Capriglione (R-Tarrant County) wants to prevent another FTX-like failure while allowing technology and technologists to be innovative without over regulation.


Business

Silicon Valley Bank failure threatened Austin beverage startup: 'It put our team in a spot'

Founded by Sarah Puil in 2020, BOXT is an ''environment-first'' beverage startup in Austin offering luxury wine packaged in compostable and refillable boxes as opposed to glass bottles and is delivered directly to customers.


Business

Greater Texas Credit Union's Baker: 'We look forward to new opportunities to connect with the Bobcat community with much greater frequency'

Austin-based Greater Texas Credit Union (GTCU) has entered into a multi-year sponsorship agreement with Texas State University in San Marcos, according to a press release issued by the financial institution.


Business

Binance: Crypto has a ‘fundamental responsibility … to prove that a few bad actors are not emblematic of the industry’

Binance, the world's largest crypto exchange by volume, stated its belief that prioritizing risk management, transparency, disclosures and security is crucial to restoring trust in the industry, which suffered through a turbulent year, in a policy paper titled "Building Trust in the Crypto Ecosystem."


Business

Binance introduces system that will 'provide assurance to external parties of their balance sheet' strength

In an effort to instill public confidence in crypto, Binance has rolled out a new Proof of Reserve (PoR) verification system, adding new tokens and advanced technology that further enhances privacy, security and reliability. Binance is the world’s largest crypto exchange.


Business

Coinbase co-founder: Cryptocurrency 'isn't going anywhere'

The collapse of FTX, one of the world’s largest cryptocurrency exchanges, raised eyebrows and questions about the digital-asset industry as a whole.


Business

Case: 'I understand the happiness and confidence that comes with a beautiful smile'

Pearl Mobile Teeth Whitening made dental whitening more accessible in Austin with the launch of its mobile clinic in 2022.


Business

Dell officials on layoffs: 'This is a difficult decision that was not made lightly'

Austin-based Dell has joined the slew of technology companies that have announced layoffs to begin 2023, according to reports from Austin-based media outlets.


Business

NAPE Expo organizer: Abbott, governors part of 'one of the best speaker lineups we’ve ever assembled'

Gov. Greg Abbott is slated to participate in a panel discussion with his counterparts, Govs. J. Kevin Stitt (R-OK) and Mark Gordon (R-WY), at the NAPE Summit Energy Business Conference on Wednesday, Feb. 1 at the George R. Brown Convention Center (GRB) in Houston, according to a press release.


Business

Major FAA computer failure grounds flights at AUS, across nation: 'We continue to look into the cause of the initial problem'

Austin-Bergstrom International Airport (AUS) was among the many airports nationwide that were impacted by a major Federal Aviation Administration (FAA) computer failure.


Business

Holiday traveler on flight cancellations: 'Children were asleep on the concrete floor in Christmas pajamas'

Austin-Bergstrom International Airport (AUS) has felt the dire effects of Dallas-based Southwest Airlines’ (SWA) decision to cancellation many flights during the busiest travel period of the year.


Business

ERCOT's Vegas: 'There’s a low probability scenario where there’s very high peak load and extreme outages'

Approximately six months after many questioned whether it was prepared for scorching summer temperatures, the Electric Reliability Council of Texas (ERCOT) is under scrutiny again, this time for its ability to soldier through another potentially dangerous blast of cold weather.


Business

Khataw: ‘I am incredibly proud to be the incoming chair’ for Greater Austin Chamber of Commerce

The Greater Austin Chamber of Commerce recently announced its slate of officers, naming Ali Khataw to chair its Board of Directors for 2023.


Business

Donut shop to open additional Austin outpost: 'Opening a second location to serve a community that has embraced the Voodoo brand'

A culinary import from Portland, Oregon is looking to bank on its popularity in Austin, according to Austin ABC affiliate KVUE.