Business news

From Texas Standard:

Falling gas prices is great news for us as consumers, yet some are panicking about the state's economy. But the future of Texas may not be so gloomy after all.

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From Texas Standard:

The federal government is turning off of some broadcast TV stations forever to free up space for the broadcast signals needed by smartphone users to play videos, run apps, and make calls.

One of the big beneficiaries of this re-allocation of the airwaves will be Texas billionaire Michael Dell.


From Texas Standard:

Gas prices are at the lowest they’ve been on average in about seven years, according to AAA. Today crude oil prices are near 2003 lows – under $27 a barrel – and lower gas prices will follow.

Oil is currently hovering at around $29 a barrel, down 70 percent from a year and a half ago. The repercussions of the drop are being felt across the oil industry in the U.S., yet other industries are also being affected.

In Houston, tumbling oil prices are hurting what had previously been a very hot housing market. Single-family home prices are down nearly 8 percent since the summer.