Texas is making moves to challenge New York as this country’s largest financial hub. A startup recently filed paperwork — and raised some $160 million from backers like BlackRock — to launch a new Texas Stock Exchange. And the NASDAQ and New York Stock Exchange are also opening branches in the Dallas area.
Wall Street Journal reporter Corrie Driebusch joins host Robin Young to explain why this matters.
This segment airs on February 19, 2025. Audio will be available after the broadcast.