The Odessa
By Van Yandell One of my running and bicycling friends and I used our shoes in stages. Stage one, while the soles were factory stable, was for running. Stage two was for bicycling or wearing in public. If we went to Walmart or Winn Dixie or the bike shop, we wore stage two shoes....
By MAURICIO SAVARESE The Associated Press RIO DE JANEIRO The Dallas Cowboys began their preparations in Rio de Janeiro on Friday for their game against the Baltimore Ravens with an eye on the task at hand and not the sights for which the city is known. Brian Schottenheimer, coach...
By STAN CHOE AP Business Writer NEW YORK A cooldown in oil prices on Friday helped release some of the pressure that’s built up on Wall Street, and U.S. stocks closed out their first winning week in the last three. The S&P 500 added 0.5% to break a three-day losing streak marked ...
The Kansas Livestock Association, Oklahoma Cattlemen's Association, and Texas Cattle Feeders Association released a joint statement urging federal officials to conduct enforcement actions in a "lawful" manner following reported disruptions to cattle processing businesses....
Going far beyond the original intent of Adam Smith’s invisible hand metaphor, twentieth-century economists popularized the use of the term to refer to a more general and abstract conclusion that truly free markets are self-regulating systems that always tend to create economicall...
UNITED NATIONS (AP) — Yemen's internationally recognized government pressed world leaders anew Thursday for help defeating the Iran-backed Houthi rebels, saying that their new perch along one of the world's busiest waterways presents an international economic risk. The Houthis — ...
President Donald Trump on Thursday hailed the “truly great friendship” he's forged with Xi Jinping as the Chinese leader began his highly anticipated state visit. While Trump has many thorny issues to discuss with the president of America’s biggest economic rival, he focused on h...
By STAN CHOE AP Business Writer NEW YORK After whipping through a couple sudden reversals, stocks ended a shaky day of trading on Wall Street Thursday roughly where they began. The S&P 500 finished nearly flat and edged down by less than 0.1% following several turns between losse...
By ALEX VEIGA AP Business Writer The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases. The weekly average rate on a 30-year f...
By DEE-ANN DURBIN AP Business Writer KFC has been taking a licking from fried chicken rivals like Raising Cane’s, but the global fast-food chain has a plan to return to the top of the U.S. pecking order. The Kentucky-born brand opened a new restaurant in McKinney, Texas, on Thurs...
By DEE-ANN DURBIN AP Business Writer Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol , who joined the company in 2024. Last September, Starbucks closed 627 stores in Nor...
By DAVID McHUGH AP Business Writer FRANKFURT, Germany When Iran shut down the Strait of Hormuz at the start of the war , choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven m...
By STAN CHOE AP Business Writer NEW YORK Pressure from the U.S. bond market hit a new level on Wall Street Wednesday after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink. The ...
The University of Texas Permian Basin received a $150,000 grant to host the ConocoPhillips Small Biz Builder program in the Permian Basin for the second year. This program is designed to help local entrepreneurs and small business owners build stronger, more sustainable businesse...
By HALLIE GOLDEN The Associated Press NASHVILLE, Tenn. A Tennessee judge granted Dolly Parton’s estate a temporary restraining order Wednesday against the late singer’s nephew Bryan Seaver and his private security company. She’s Alive, the entity founded to manage Parton’s estate...
Business leaders and community members are preparing to gather on Thursday, September 24, for the Odessa Chamber’s Inaugural Annual Banquet & State of the Community event presented by OXY. The event will take place at the Odessa Marriott Hotel & Conference Center, located at 305 ...
By STAN CHOE AP Business Writer NEW YORK The U.S. stock market held near its record high on Tuesday after oil prices eased again . The S&P 500 was virtually unchanged, edging down by less than 0.1%, and is sitting 0.4% below its all-time high set last month. The Dow Jones Industr...
By STAN CHOE AP Business Writer NEW YORK Wall Street climbed to the edge of its all-time high on Monday, and stocks rallied worldwide after oil prices and yields in the bond market surrendered their market-rattling gains from last week . The S&P 500 jumped 1.5% and pulled within ...
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON A top Federal Reserve official said Monday that the renewal of combat in the Middle East in August was a key reason she supported raising borrowing costs last week , when she also penciled in a second rate hike for later this ...
TORONTO (AP) — French President Emmanuel Macron on Sunday backed a proposal for Canada to become the European Union’s first associate member as he and Canadian Prime Minister Mark Carney moved to deepen strategic ties spanning space, defense, energy and business. The leaders met ...
SANTIAGO, Chile (AP) — It is lunchtime in downtown Santiago, and dozens of businesses around the Plaza de Armas are serving up one of Chile’s most democratic specialties: the “completo.” For decades, the country’s version of the hot dog has been one of the most affordable foods e...
By STAN CHOE AP Business Writer NEW YORK Wall Street capped an up -and- down week Friday with a mixed finish for U.S. stock indexes, as elevated bond yields and oil prices weighed on the market. The S&P 500 inched 0.2% higher after drifting between modest gains and losses for muc...
A federal judge on Thursday ordered the Kennedy Center to provide 30 days’ notice before making any major physical changes to the building, including demolishing it, as President Donald Trump has threatened. Trump said Wednesday that without his efforts to restore the aging build...
By STAN CHOE AP Business Writer NEW YORK The U.S. stock market rallied to its best day in six weeks Thursday after falling oil prices and easing pressure from the bond market helped Wall Street reverse many of its moves from the prior day . The S&P 500 jumped 1.1% for just its se...
A demonstrator stands among battery powered candles in paper bags during a vigil in protest against potential cuts to Medicaid in Washington, D.C. on July 23, 2025. Credit: REUTERS/Umit Bektas By Terri Langford, The Texas Tribune Nearly $12 billion in Medicaid funding to Texas ho...
The City of Odessa received its September sales tax check, in the amount of, $6,582,640.22. This amount includes the Economic Development sales tax of one quarter cent. According to a City of Odessa news release, the city will receive $5,266,112.18 and the Odessa Development Corp...
By ALEX VEIGA AP Business Writer Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and reached its highest level in over 14 months last week at 6.76%, acc...
By CHAN HO-HIM AP Business Writer OpenAI has disclosed six reports of “unexpected or concerning” behavior in artificial-intelligence models as the debate on AI safety becomes increasingly heated. The AI company also said Wednesday it was introducing a new framework for tracking, ...
McALLEN, Texas (ValleyCentral) — Before he crossed the border, Jose Flores Flores deleted a video from his phone. The video showed Flores cutting the arms off a corpse, according to an indictment against him. It was all business for Flores, who allegedly worked for the Gulf Carte...
By STAN CHOE AP Business Writer NEW YORK U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 fell 0.4% afte...
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation , a move that could spur a sharp response from the White House. The quarter-point i...
By PAUL WISEMAN AP Economics Writer WASHINGTON The Federal Reserve just raised the cost of money — bad news for borrowers, good news for savers. The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will...
By ANNE D’INNOCENZIO AP Business Writer NEW YORK Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot. Retail sales rebounded at a better-than-expected 1.2% increa...
Federal and state investigators recently concluded a "summer surge" of indictments against more than 160 suspects accused of defrauding a combined $245 million from the U.S. Small Business Administration's small business COVID-era loan programs....
By STAN CHOE AP Business Writer NEW YORK U.S. stocks slipped Tuesday after oil prices and the bond market cranked up the pressure on Wall Street. The S&P 500 fell 0.4%. The Dow Jones Industrial Average dropped 328 points, or 0.6%, and the Nasdaq composite sank 0.8%. They felt pre...
Friends and former colleagues of late philanthropist, businesswoman, and Midland Health advocate, Rosalind Redfern Grover have come together to establish the Rosalind Redfern Grover Distinguished Lecture Series. The lecture series aims to advance learning and dialogue around issu...
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON U.S. household income finally topped pre-pandemic levels last year, a stark sign of how the past five years of rising prices have limited Americans’ earnings and purchasing power. Median U.S. household income rose a healthy 2....
By DEE-ANN DURBIN AP Business Writer Texture is having a crunchy, gooey moment in the food and beverage industry. For many people, the way a menu item or packaged snack feels in the mouth has become as big a draw as flavor, although consumers don’t always recognize the part textu...
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald T...
By STAN CHOE AP Business Writer NEW YORK Artificial-intelligence stocks slid worldwide Monday after leaders of the industry warned a slowdown is needed for the safety of humanity. Another jump in oil prices, meanwhile, briefly sent the yield of the 10-year Treasury to 5% for the ...
By MICHELLE CHAPMAN AP Business Writer Costco has raised the price of motor oil sold under its exclusive private-label brand as well as limited how much of it customers can buy weekly as oil prices climb yet again. Americans looking to try to save some money by purchasing motor o...
By REBECCA SANTANA The Associated Press MARFA, Texas Landowners, ranchers and business owners in the Big Bend region of Texas along with a nonprofit organization dedicated to protecting the region’s landscape and heritage are suing to stop the Trump administration’s plans to buil...
By REBECCA SANTANA The Associated Press MARFA, Texas Landowners, ranchers and business owners in the Big Bend region of Texas along with a nonprofit organization dedicated to protecting the region’s landscape and heritage are suing to stop the Trump administration’s plans to buil...
Texas and its metropolitan statistical areas (MSAs) and metropolitan divisions (MDs) are projected to see notable economic expansion from 2025 to 2030 despite national and global uncertainties and significant headwinds. The pace will be uneven and likely backloaded to the later s...
By KELVIN CHAN AP Business Writer Apple’s latest iPhones, unveiled this week, come with new features, better cameras and hefty price tags — including a folding model with a starting price of $1,999. If you’re planning to splurge on a new iPhone 18, you will want to take care of i...
By STAN CHOE AP Business Writer NEW YORK U.S. stocks rebounded Friday and regained much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations, even if prices are s...
By Gabby Birenbaum and Kayla Guo, The Texas Tribune DALLAS Onstage at the GOP midterm convention, Texas Republicans’ message on the economy was split between two tracks. Popular elements of the party’s economic agenda — like new tax breaks for tip earners and workers making overt...
By STAN CHOE AP Business Writer NEW YORK Oil prices keep climbing as the war with Iran keeps clogging the global flow of crude, and they leaped Thursday to their highest levels since before the summer. That worsened worries about inflation and cranked up pressure within the bond ...
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department’s producer price index — which captures inflation bef...
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran. The S&P 500 index fell 0.5%. The Dow Jones Industrial Average dro...
By BARBARA ORTUTAY AP Technology Writer CUPERTINO, California Apple on Wednesday unveiled its latest generation of iPhones, including a widely anticipated foldable version called Duo. The company’s new CEO, John Ternus, who took over from Tim Cook on Sept. 1, introduced the lates...
By DEE-ANN DURBIN AP Business Writer Man’s best friend is getting some love from the Girl Scouts. Girl Scouts of the USA said Tuesday its first cookies for dogs will go on sale in January. The blueberry muffin-flavored cookies were developed with Bark, a New York-based seller of ...
