Latest news with #DavidSolis
Yahoo
16-05-2025
- Business
- Yahoo
San Angelo taco shop to shut down
SAN ANGELO, Texas (Concho Valley Homepage) — A Mexican cuisine restaurant that has operated in San Angelo for almost 10 years is slated to shut down at the end of May. Here's why. According to an announcement issued by business owner David Solis, Tacos Locos, located at 1724 S. Chadbourne St., will close on May 31. Solis cited a lack of staffing, limited hours and having to move out of San Angelo as driving factors behind the closure. 'Nearly three years ago, our family had to relocate out of San Angelo,' Solis said. 'We worked hard to keep the restaurant going from a distance, but staffing shortages and limited hours have made that increasingly difficult.' Solis also said that, although he and his family 'hoped to find the right partner to continue the business,' no opportunities arose before the decision to close was made. SAPD officer arrested for failing to make child abuse report Solis encouraged San Angelo residents to visit the restaurant during its final weeks of operation. The business stated via social media that it will offer a 'farewell special' every Thursday until it closes, with patrons who order two or more tortas being able to buy them at $9.99 each. 'Come enjoy your favorite tacos one last time, get your lasts graduation caters bring your friends and family, and help us close out this chapter with love,' Solis said. Tacos Locos was established in July 2015. The business sells a variety of foods, including tortas, quesadillas, tamales, burritos and its titular tacos. 'From our kitchen to your hearts — thank you, San Angelo,' Solis said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Reuters
14-05-2025
- Business
- Reuters
Goldman Sachs says investors trim dollar holdings, return to neutral position on US
NEW YORK, May 14 (Reuters) - Goldman Sachs President John Waldron said a recent lightening up of U.S. dollar assets by investors had shown them returning to more neutral positions on the currency, rather than a wholesale "run for the gates." Financial markets have witnessed a roller-coaster ride in the initial few months of the Trump administration as its April 2 move to increase tariffs on trading partners prompted some investors to move away from American assets. The White House has since made progress on tariff deals. Waldron said that some investors "that were owning 10%, 20%, 30% more U.S. dollars in U.S. assets than they would otherwise be holding" had gone back to a more neutral position. Waldron said investors had been optimistic about the U.S. outperforming the rest of the world. "Everybody, for the most part, had some expression of overweight U.S.," he said. But after the tariff announcement, clients had been active repositioning portfolios in currencies, Waldron said. "The lightening up (of dollar holdings) we've seen (since April 2) is more the excess coming out, not a wholesale run for the gates," Waldron told Reuters in an interview. "Is there a sense that the volatility of U.S. policymaking is higher, and therefore we should be reducing our holdings? We haven't seen that yet." Waldron, 55, was added to Goldman's board of directors earlier this year, a few weeks after he was given a retention bonus, cementing his position as a potential successor to CEO David Solomon. The recent truce in the U.S.-China trade war has since set off a relief rally in stocks and propelled the dollar higher with the S&P 500 and the Nasdaq recovering losses since April 2 - or "Liberation Day" - when President Donald Trump announced sweeping reciprocal tariffs. "The market is -- I'd call it relatively benign in the context of what was going on," Waldron said. Waldron said that there was demand from investors for access to Chinese equities and fixed income products, and said that American firms were able to operate in China despite challenges. "I wouldn't overstate the challenges between the two governments in terms of our ability to operate," said Waldron. "We can operate. The American firms are operating." Waldron said most companies are trying to figure out how to navigate the impact of relatively higher tariffs from a cost standpoint. "How much of this are we going to ... pass through on price? How much of this are we going to push back on our suppliers? Who's going to bear the brunt of these tariffs? And the answer is it will be shared," he said. He said the tariff moves have also affected mergers and acquisitions, halting fresh dealmaking. "If you were working on an M&A transaction, you were getting started on it or you were getting into it, you're probably pausing it," he said. "If you were at the five-yard line and you were getting close to announcing it and it's not overly impacted by tariffs, you're probably going to go ahead and do it, and we've seen both." Goldman Sachs is advising Hong Kong conglomerate CK Hutchison ( opens new tab, sources previously told Reuters. The firm is selling most of the $22.8 billion ports business to U.S. firm BlackRock, including assets it holds along the Panama Canal. The number of M&A contracts announced across the world - an indicator of global economic health - fell in April to the lowest level in more than 20 years, according to data compiled by Dealogic for Reuters.
Yahoo
28-03-2025
- Business
- Yahoo
Socorro ISD officials consider tax increase amid financial challenges
EL PASO, Texas (KTSM) — The Socorro Independent School District (SISD) is now looking for ways to overcome a projected $8.5 million deficit for next year. During a board meeting on Wednesday, district officials said that an expected decline in student enrollment and no increase in state funding are putting the district in a tough decision. 'Our immediate goal is to stabilize our financial position. But looking ahead, the bigger question is how do we rebuild our fund balance, especially with enrollment declining and the potential for no increase in state funding? This is going to require a combination of sustained financial, this is going to require a combination of sustained financial discipline,' said David Solis, SISD chief financial officer. District officials also discussed the potential of adding a Voter Approval Tax Rate Election (VATRE) to the November ballot as a potential solution for the district to acquire some much-needed funding. 'We continue to explore the possibility of a Voter Approval Tax Rate Election, or VATRE. If approved by voters, they could bring in up to $28 million in additional funding, resources that would be vital in meeting both our immediate financial needs and long-term goals,' Solis said. If approved by voters, the VATRE will increase property taxes for residents, however, the school district will need to hire an auditor by July 4 to start the process of adding it to the ballot. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
