logo
episode-header-image
Aug 2024
21m 3s

Is business better in Texas?

Financial Times
About this episode

Hundreds of companies have moved their headquarters to Texas in recent years, including big names like Tesla, HP and Charles Schwab. They’ve been enticed by low taxes, light regulation and the promise to run their businesses on their own terms. But the FT’s Houston correspondent Myles McCormick explains that there might be limits to that message of economic freedom.


Clips from ABC News, CBS, Fox 26, KHOU 11


- - - - - - - - - - - - - - - - - - - - - - - - - - 


For further reading:

Will US companies keep faith in the ‘Texas miracle’?

Beware the Texas advance on Wall Street

Texas group plans stock exchange to compete with NYSE and Nasdaq


For further listening: 

Why Elon Musk is breaking up with Delaware


- - - - - - - - - - - - - - - - - - - - - - - - - - 


On X, follow Myles McCormick (@mylesmccormick_) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. 


- - - - - - - - - - - - - - - - - - - - - - - - - - 


Register now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festival


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Aug 20
Palantir’s relentless rise
Palantir shares have soared this year, making the data analytics company one of the most valuable listed US tech groups. The FT’s Tabby Kinder explains how a paradigm shift in Silicon Valley helped propel Palantir to new heights and why many think it will be among the biggest win ... Show More
23m 29s
Aug 19
Why Big Tobacco is buzzing over nicotine pouches
This is a revised version of an earlier episode and clarifies the position of Zyn in the US market.As the popularity of cigarettes has slid in the past couple decades, Big Tobacco has been searching for a new hit product. Now, they think they’ve found it: nicotine pouches. FT rep ... Show More
20m 58s
Aug 6
Can Bobby Jain build the next hedge fund giant?
Two summers ago, hedge fund manager Bobby Jain set out with a huge goal: build a hedge fund that can rival the likes of industry giants Citadel and Millennium. But in the year since his firm started trading, Jain has found the going tough. FT hedge fund correspondents Amelia Poll ... Show More
22m 14s
Recommended Episodes
Aug 2024
Jobs Report Off By 800K!? & Ford’s $1.9B Pivot Away From EV SUVs
Episode 393: Neal and Toby discuss the Bureau of Labor Statistics’ anticipated revision which removed 800,000 jobs from last year’s jobs report. The largest in the last 15 years. Then, the FTC’s plan to ban noncompete agreements in the US has run into a roadblock as a federal jud ... Show More
30m 19s
Jul 2024
China Hit with Chip Curbs, X and SpaceX Move to Texas
Bloomberg's Caroline Hyde and Ed Ludlow break down why the US is weighing tougher trade curbs on chips for China. Plus, Elon Musk moves the headquarters for SpaceX and X to Texas, and a deep dive into whether JD Vance can be good for business and the Andreessen Horowitz co-founde ... Show More
42m 46s
Apr 2025
Tariff Obsession Bleeds to Mar-a-Lago Membership; EV's in Trump's America
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Today's show features: Bloomberg Businessweek National Correspondent Josh Green on Trump’s Tariff Obsession Bloomberg News Finance Reporter Katherine Doherty on Bank of America Earnings & Bloomberg News US Fina ... Show More
42m 44s
Mar 2024
What happened to Apple’s car?
Apple has abandoned its effort to make an autonomous electric vehicle. We’ll get into why the company’s venture flopped and what it says about the supply chain for electric vehicle parts. Then, we’ll explain how a Texas federal judge’s ruling is upending race-based aid for busine ... Show More
32m 59s
Apr 2025
Tariffs Loom, Tesla Underdelivers
“Liberation Day” has arrived. (00:21) David Meier and Mary Long discuss:- When we’ll know if the longer-term tariff plan is working.- How different companies are bracing for impact.- Tesla’s sales slump. Then, (16:23), Fool contributor Jason Hall joins Ricky Mulvey for a look at ... Show More
31m 23s
Jun 6
Friendship Breakup Costs Tesla
You can’t maintain all of your friendships from the school year through summer vacation. (00:45) David Meier and Jason Moser join Ricky Mulvey to discuss: - Earnings from CrowdStrike, lululemon, and Broadcom. - Elon Musk’s feud with President Donald Trump and the impact on Tesla ... Show More
40m 24s
Jun 24
🛢️ “‘Bottlenecking” — Iran’s Strait of Hormuz. Tesla’s robotaxi vs. Waymo. Dallas Cheerleaders’ 400% pay raise.
The most important economic part of the War in Iran? The Strait of Hormuz… It controls 20% of earth’s oil exports.The 2 biggest self-driving car headlines of the decade… Tesla’s robotaxi launch in Austin & Waymo’s coming to NYC.The Dallas Cowboys Cheerleaders just got a 400% pay ... Show More
23 m
Sep 2024
Tesla’s EVs stall in China
Enthusiasm about artificial intelligence masks a recession in the technology sector, and a new exchange traded fund looks specifically for ‘reject’ stocks. Plus, Google heads back to court over fresh antitrust allegations, and Chinese car buyers ditch Tesla for local alternatives ... Show More
10m 25s
Jul 24
Private equity recycles assets
Tesla’s second-quarter profits fell 23 per cent as sales of its electric vehicles continued to slide, private equity firms made record use of a controversial tactic to cash out their clients this year, and McKinsey has stopped its China business from undertaking some generative a ... Show More
11m 26s
May 2021
New Record High for the Dow ... But Tech Under Pressure As Citi Downgrades Facebook and Alphabet, Dogecoin Plummets Following Elon Musk's SNL Appearance, Pipeline Cyberattack Effect on Oil Prices, The
Carl Quintanilla, Jim Cramer and David Faber began a new week with a look at tech stocks under pressure, after Citi downgraded Facebook and Google parent Alphabet to neutral. But that news didn't stop the Dow from hitting a new all-time intraday high -- as money rotates out of te ... Show More
43m 56s