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Chevron plans to relocate its headquarters from California to Texas, joining a growing list of companies bound for the Lone Star State citing excessive regulation for their departure. The Financial Times reports the second-biggest U.S. oil company said Friday it would leave the state where it has been a fixture for almost 150 years following clashes with authorities over climate policies and penalties it has said render California “closed for business.” The promise of lower taxes and lighter regulation is also often given as a reason by other companies that have also made the same move from the West Coast.

Texas is a major business hub and is a leading contributor to the US economy. Nate Hovee/Pexels.comA new stock exchange in Dallas, Texas, is set to begin securities trading next year, with plans to start listing companies by 2026. The Texas Stock Exchange (TXSE) Group has secured $120 million in funding from over two dozen investors, including Larry Fink's Blackrock and Kenneth Griffin's Citadel, making it "the most well-capitalised exchange entrant to file a registration with the US Securities and Exchange Commission (SEC)."Addressing Market Concerns and Business-Friendly EnvironmentThe fully electronic TXSE will list various securities, including exchange-traded products and...

The California Exodus continues, as Oracle has become the latest tech company to leave the Golden State for Texas.The company noted the move at the very bottom of their latest 10-Q, the tech company founded 43 years ago in Santa Clara, California announced that they would be "implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas," where the company opened a massive 40-acre riverfront campus in 2018 with the capacity for up to 10,000 employees. The company says the move will "best position Oracle for growth and provide...