Erica Grieder

Houston

Business Reporter at Houston Chronicle

Business Reporter at Examiner Newspaper Group

Business reporter, @HoustonChron.

Articles

Oil and gas sector battered as Houston companies lost $167B in value

2 weeks ago | houstonchronicle.com | Erica Grieder

Most of Houston's biggest public companies saw their share prices drop again Tuesday, five days after President Donald Trump announced sweeping "Liberation Day" tariffs that have wiped trillions of dollars in value from the markets. A brief late-morning rally succumbed after the White House announced that Trump would impose a 104% tariff on all Chinese imports, effective just after midnight Wednesday. All in all, the Dow Jones Industrial Average was down 11.6% at the close of the market.
Trump's tariffs raise risk of inflation, job losses and recession for Houston

2 weeks ago | houstonchronicle.com | Erica Grieder

Several days after President Donald Trump announced sweeping "Liberation Day" tariffs on much of the world, shock waves continue to ripple through the national and international business community. The Dow Jones Industrial Average dropped again Monday after plunging Thursday and Friday, as markets reeled from the president's April 2 announcement.
How much do Trump's tariffs cost Houston's biggest companies?

2 weeks ago | houstonchronicle.com | Erica Grieder

President Donald Trump's "Liberation Day" tariffs, announced April 2, sent markets plunging Thursday. The Dow Jones Industrial Average dropped by 1600 points, the largest one-day decline since March 2020. Stocks lost about $3 trillion in market value, according to the Wall Street Journal. "There will be blood," announced investment bank JPMorgan in a research report released Thursday afternoon. The bank raised its forecast for a global recession this year to 60%, up from 40% before the tariffs.
One of Texas' top brands saw its value plummet last year. Here's why.

3 weeks ago | houstonchronicle.com | Erica Grieder

While the top brands in the United States saw their collective value increase in 2024, a new analysis finds, one of Texas's top brands saw its value tumble by more than 25% over the course of the year. And more trouble could be looming.
H-E-B family, Musk among Texas billionaires on Forbes list of wealthiest people

3 weeks ago | houstonchronicle.com | Erica Grieder

The list of billionaires who call Texas home is in some ways as vast as the state itself. Forbes tallied 17 Houstonians on this year's list, led by Tilman Fertitta, who it said ranked No. 220 globally with an estimated net worth of $11.3 billion. But Houston is not alone in having pockets of immense wealth: the state's major urban areas have their fair share, and even small-but-oil-rich Midland has an entry.
Tilman Fertitta's bid to become U.S. Ambassador to Italy advances

3 weeks ago | houstonchronicle.com | Erica Grieder

Billionaire Houston businessman Tilman Fertitta is seemingly on track to become United States Ambassador to Italy and San Marino after several hours of generally friendly questioning before the U.S. Senate Foreign Relations Committee Tuesday. "If confirmed, I take the responsibility of being an ambassador at this crucial moment in history as the most important job of my life," Fertitta said in his opening remarks Tuesday. He was introduced by Republican Sen.
16 Houston billionaires make Forbes list of world's wealthiest people in 2025

3 weeks ago | houstonchronicle.com | Erica Grieder

Another Houston billionaire has joined Forbes' annual list of the world's wealthiest people, released Tuesday. Kathy Britton of homebuilder Perry Homes came in at 1,408 in the publication's list of richest people in the world with an estimated net worth of $2.6 billion.
Tilman Fertitta faces Senate confirmation hearing

3 weeks ago | houstonchronicle.com | Erica Grieder

Fertitta, head of the Landry's entertainment empire, was nominated to the position by President Donald Trump in December 2024. If confirmed by the full Senate, he is expected to leave his post as CEO of Landry's and his role as chair of the University of Houston System Board of Regents, among other things. But today is for questioning, not the confirmation vote itself. The committee is chaired by U.S. Sen.
Tilman Fertitta has his Senate confirmation hearing today. Here's how to watch.

3 weeks ago | houstonchronicle.com | Erica Grieder

Houston billionaire Tilman Fertitta will appear before the U.S. Senate Foreign Relations Committee Tuesday as its members consider his nomination to be the U.S. Ambassador to Italy and San Marino. Fertitta, head of the Landry's entertainment empire and owner of the Houston Rockets, was nominated by President Donald Trump, then the President-elect, in December 2024.
Here's what it takes to be financially 'comfortable' in Houston. Do you qualify?

3 weeks ago | houstonchronicle.com | Erica Grieder

Houston remains one of the most affordable major cities in the United States, but a new study found being considered "comfortable" remains out of reach for many. A single adult needs an annual salary of $90,000 to live comfortably in Houston, according to an analysis released last week by SmartAsset, the personal finance website. That ranks Houston as the 15th easiest city to achieve financial comfort among the 100 largest U.S. cities.