The Fort Worth Press

Curacao floating market reborn after Venezuela border reopened

For four generations, the Cordero family traveled regularly from Venezuela to the island of Curacao to sell their fruit and vegetables at the picturesque "floating" market of Willemstad.

Tepid Nike outlook dents shares as it touts Olympic offerings

Shares of Nike tumbled Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year.

Apple's 'Walled Garden' under fire in lawsuit

Call it a "walled garden" or an ecosystem, but at the heart of Thursday's blockbuster US lawsuit against Apple are the many ways the company gets customers to remain faithful to its products.

Mexico cuts interest rate for first time in three years

Mexico's central bank on Thursday reduced its benchmark interest rate for the first time in three years following a slowing of inflation in Latin America's second-largest economy.

US stocks hit fresh records as rate cut outlook improves

Global stock markets rose Thursday as several central banks joined the Fed in indicating lower interest rates are on the way, with US markets reaching fresh records.

Social media company Reddit surges after NYSE debut

Shares of social media company Reddit opened at $47 on the New York Stock Exchange Thursday, before vaulting even higher in a buoyant market debut.

Bank of England freezes interest rate at 16-year high

The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.

Germany football teams to swap Adidas for Nike kit from 2027

Germany's national football teams will wear jerseys made by US sportswear giant Nike from 2027, the German Football Association (DFB) said Thursday, ending a decades-long kit partnership with domestic outfitter Adidas.

Apple 'aunties' greeted with cheers at Shanghai store opening

Chinese Apple superfans jostled to enter the smartphone maker's newest store in Shanghai as it opened on Thursday night -- but they were upstaged by dozens of retirees eager to nab commemorative freebies.

Stock markets rally as rate cut outlook improves

Global stock markets rose Thursday as several central banks joined the Fed in indicating lower interest rates are on the way.

EU-Canada trade deal stumbles in French Senate

The French Senate on Thursday overwhelmingly voted against a free-trade agreement between the EU and Canada, dealing a stinging blow to the government of President Emmanuel Macron.

US sues Apple in wide-ranging iPhone monopoly case

The US Department of Justice sued Apple on Thursday for illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers.

US lawmakers move to bar Pride flags over embassies

US lawmakers moved Thursday toward banning the flying of LGBTQ Pride flags over US embassies, a victory for conservatives in a long-running US cultural battle being played out overseas.

US home sales rise in February by most in a year

Sales of existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at slightly lower levels.

New cafe in Manhattan staffed by neurodivergent workers

A new French cafe is hoping to break into New York's notoriously competitive food scene while also offering opportunity to people with mental and cognitive disabilities.

Doctors' strike hits Kenyan government-run hospitals

A nationwide doctors' strike in Kenya on Thursday paralysed health services at some government-run hospitals which are already suffering due to a lack of medicines and equipment.

Ghana president caught in squabble over anti-LGBTQ bill

Ghana's parliament speaker has halted the approval of new ministers in an apparent standoff over President Nana Akufo-Addo's delay in signing off on a highly contested anti-LGBTQ+ bill passed last month.

Leaders tout nuclear power as climate tool at Brussels summit

More than 30 countries -- including European nations, the United States, Brazil and China -- took part on Thursday in the first-ever summit held by the United Nations' atomic energy agency to promote nuclear as a "clean and reliable source of energy".

Turkey's central bank hikes rate to 50% as inflation rises

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month.

Switzerland kickstarts rate cuts for major central banks

The Swiss National Bank on Thursday became the first major central bank to cut interest rates after a sustained period of hikes to combat soaring inflation, with all eyes on when the US Federal Reserve will follow suit.

Turkey's central bank hikes interest rate to 50%

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month.

Stock markets rally as more rate cuts eyed

European and Asian stock markets largely rallied Thursday following fresh record-highs for Wall Street as investors cheered the prospect of cuts to US interest rates.

Switzerland becomes first developed economy to cut interest rate

The Swiss National Bank cut interest rates on Thursday -- the first to do so among the major central banks, saying the battle against inflation was working almost two years after launching its monetary tightening campaign.

Lessons of 2004 Athens Olympics? Resist the building urge

On a sunny day on the Athens waterfront, a gentle breeze blows through the smashed windows of the abandoned 2004 Olympics beach volleyball centre.

Stocks track Wall St record after Fed keeps rate projection

Markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.

'Drag is therapy': Violet Chachki on coming to Paris

Violet Chachki is the first male-bodied drag queen ever to dance at the fabled Crazy Horse cabaret in Paris, where she hopes her appearance will help "spread the therapy" she herself got from drag.

Bank of England to hold rate despite slowing inflation

The Bank of England is widely expected to keep its main interest rate at a 16-year high Thursday, rejecting a cut as inflation remains well above target despite recent slowing.

UN General Assembly to address AI's potential risks, rewards

The UN General Assembly will turn its attention to artificial intelligence on Thursday, weighing a resolution that lays out the potentially transformational technology's pros and cons while calling for the establishment of international standards.

Asian stocks track Wall St record after Fed keeps rate projection

Asian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.

Social media company Reddit set for NYSE debut after IPO

The Reddit social network was set to make its trading debut Thursday after pricing robustly in an initial public offering that suggested greater investor enthusiasm for new stock issuers.

Global fertility rate to keep plummeting, major study warns

The population of almost every country will be shrinking by the end of the century, a major study said Wednesday, warning that baby booms in developing nations and busts in rich ones will drive massive social change.

Hermes faces US lawsuit over 'refusal' to sell Birkin bag

Fashionistas desperate to get their hands on an exclusive Birkin handbag are suing Hermes in California on grounds the company won't sell them one unless they buy other luxury products first.

US indices hit records as Fed confirms plan for 2024 rate cuts

cMajor Wall Street indices surged to fresh records Wednesday after the Federal Reserve reaffirmed plans for interest rate cuts in the coming months, cheering investors who had feared a retreat.

Gucci owner Kering's shares suffer historic fall after sales warning

Gucci owner Kering had its worst ever day on the Paris stock market Wednesday after it warned that it was expecting a sharp drop in sales in the first quarter.

US Fed holds key rate, pencils in 3 cuts this year

The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year.

Stock markets in holding pattern before Fed announcement lands

Stock markets barely budged Wednesday as traders awaited the outcome of the US Federal Reserve's interest rate meeting.

No oil and gas majors aligned with climate targets: report

All major oil and gas companies plan fossil fuel expansion incompatible with limiting warming to 1.5 degrees Celsius, a new report said Wednesday.

Paris Opera faces questions over lack of women, Russian conductor

The Paris Opera faced questions Wednesday over its new programme, which includes only one woman among its directors and choreographers, and the inclusion of a conductor with ties to the Russian state.

Stock markets hold largely steady before Fed rate meeting

Stock markets were mostly in wait-and-see mode Wednesday as traders awaited the outcome of the US Federal Reserve's interest-rate meeting.

The Fort Worth Press - Economy (English)

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