The Fort Worth Press

Frustrated federal employees line up for food as US shutdown wears on

Standing in the middle of a parking lot in suburban Washington, surrounded by hundreds of federal employees waiting for food handouts amid the US government shutdown, Diane Miller summed it up simply.

SMX's Lean Share Structure Becomes Its Latest Value Driver as It Expands the "Proof as Currency" Platform (NASDAQ:SMX)

NEW YORK, NY / ACCESS Newswire / October 23, 2025 / There are two kinds of tightening in business. The kind you do because you have to, and the kind you do because you're getting ready to move faster. SMX (NASDAQ:SMX) just made it very clear which kind this is.

MSC Industrial Supply Co. Announces Planned CEO Transition

Erik Gershwind to Retire as CEO and Remain on Board as Non-Executive Vice ChairMartina McIsaac to Succeed Erik Gershwind as CEO

MSC Industrial Supply Co. Reports Fiscal 2025 Fourth Quarter and Full Year Results

FISCAL 2025 Q4 HIGHLIGHTSNet sales of $978.2 million increased 2.7% YoYOperating income of $84.3 million, or $90.3 million on an adjusted basis1Operating margin of 8.6%, or 9.2% on an adjusted basis1Diluted EPS of $1.01 vs. $0.99 in the prior fiscal year quarterAdjusted diluted EPS of $1.09 vs. $1.03 in the prior fiscal year quarter1FISCAL 2025 HIGHLIGHTSNet sales of $3,769.5 million decreased 1.3% YoYOperating income of $301.6 million, or $315.8 million on an adjusted basis 1Operating margin of 8.0%, or 8.4% on an adjusted basis1Diluted EPS of $3.57 vs. $4.58 in the prior fiscal yearAdjusted diluted EPS of $3.76 vs. $4.81 in the prior fiscal year1Generated operating cash flow conversion of 169% and free cash flow conversion1 of 122% of net income

Global stocks mostly fall on lackluster results from Netflix, others

Gold prices sank further Wednesday while major stock markets mostly fell following some disappointing corporate earnings amid lingering worries over trade tensions.

Tesla profits tumble on higher costs, tariff drag

Tesla reported a hefty drop in profits Wednesday, citing a drag from tariffs and other expenses that more than offset a lift from increased auto sales.

To make ends meet, Argentines sell their possessions

A street market in a Buenos Aires working-class neighborhood bustles with desperate Argentines who have taken to hawking their belongings to make ends meet as the economy sputters.

Some deceased see the light before Mexico's Day of the Dead

Under the blazing Mexican sun, Maria Couoh dusts off the skull of her late uncle Tomas.

Car giant VW warns of production hit from Nexperia chips row

Germany's Volkswagen warned Wednesday that its car production could be hit by a shortage of Nexperia semiconductors amid a deepening row between China and the Netherlands over the chipmaker.

Global trade system risks coming off the rails: UN chief

The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling debt, heavy tariffs and financial insecurity for emerging nations.

Air safety in focus as US government shutdown hits fourth week

The US government shutdown entered its fourth week Wednesday, becoming the second longest in history, as Donald Trump's Republicans and the opposition Democrats faced increasing pressure to end a stalemate that has crippled public services.

Gold, stocks slide on economic jitters

Gold prices sank further Wednesday and major stock markets mostly fell on fresh economic jitters caused by China-US trade uncertainty and a batch of weak company earnings.

SpaceX says 'disabled' 2,500 Starlink devices at Myanmar scam centres

SpaceX has cut service to more than 2,500 Starlink internet devices at Myanmar scam centres, a company executive said Wednesday, after AFP revealed that their use had exploded in the illicit industry.

Gold, stocks drop on economic jitters

Gold prices sank further Wednesday and major stock markets mostly dropped on fresh economic jitters caused by China-US trade uncertainty and some weak company earnings.

Eurostar plans double-decker train amid competition threat

Eurostar said Wednesday it will run double-decker trains through the Channel Tunnel for the first time, as it faces potential competition on its routes between London and mainland Europe.

UniCredit beats expectations with rise in profits

Italy's second largest bank, UniCredit, beat analyst expectations on Wednesday with record third-quarter profits as higher commissions and cost cutting measures outweighed lower interest income.

Gold falls again as rally comes to halt, stock markets mixed

Gold and silver sank for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while stocks were mixed after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place.

Hermes defies US tariffs as sales grow

Sales by French luxury group Hermes, known for its silk scarves and leather handbags, defied US tariffs and a weak dollar to rise in the third quarter.

Kermit aims to ease French nerves at Art Basel Paris

A huge inflatable Kermit the frog will be the star of the Art Basel Paris contemporary art fair this week in the French capital, unnerved by a daring heist at the Louvre.

'Mixed performance': Heineken beer sales down

Dutch brewer Heineken Wednesday reported a steep drop in beer sales in the third quarter, driven by a sharp decline in the United States and Europe and a "challenging" economy.

Gold falls again as rally comes to halt, Asian markets drop

Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while equities also sank after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place.

Pajar Canada Marks 60 Years With "Zig Zag" Book Chronicling Family Legacy

Canadian footwear company celebrates six decades as a family-run operation with the publication of a new book

SMX Tightens Its Core as the World Moves Toward Its Proof-Based Economy (NASDAQ: SMX)

NEW YORK, NY / ACCESS Newswire / October 22, 2025 / Every investor knows the reflex. You see the words reverse split, and your instincts flinch. It's practically Pavlovian. But sometimes, what looks like retreat is actually recalibration. And that's exactly what's happening at SMX (NASDAQ:SMX). The company that made "proof" a product and traceability a trillion-dollar opportunity just tightened its capital structure in a move that could position it for an entirely different kind of growth.

Government Shutdown Disrupts IRS Collections - Clear Start Tax Warns Debt Holders to Act Now

IRS furloughs and delayed notices may offer temporary breathing room - but experts warn taxpayers not to mistake delays for debt forgiveness.

Inspire Veterinary Partners Announces Online Pet Pharmacy

Leveraging extensive relationships in the veterinary medicine industry, the Company will offer highest quality prescription and over-the-counter products for pet health beginning Q1 2026

Recognized for Quality and Reliability, Economy Paving Wins 2025 Consumer Choice Award

CALGARY, AB / ACCESS Newswire / October 22, 2025 / Consumer Choice Award is proud to recognize Economy Paving as the 2025 winner in the Paving Contractor category for Southern Alberta. This recognition celebrates the company's decades-long commitment to delivering dependable paving solutions and building strong relationships with clients across the region.

Kids@Churchill Park Recognized with 2025 Consumer Choice Award for Daycare in Southern Alberta

CALGARY, ALBERTA / ACCESS Newswire / October 22, 2025 / Kids@Churchill Park, a trusted nonprofit child care and family support agency, has been recognized with the 2025 Consumer Choice Award in the Daycare category for Southern Alberta. With more than 55 years of leadership in early learning and care, the organization continues to provide exceptional support to Calgary families through inclusive, licensed, and community-based programming.

RedChip Companies Announces Platinum Sponsorship of the Maxim Growth Summit 2025

ORLANDO, FL / ACCESS Newswire / October 22, 2025 / RedChip Companies, an industry leader in investor relations, media, and research for microcap and small-cap companies, today announced its Platinum Sponsorship of the Maxim Growth Summit 2025, taking place October 22-23, 2025, at the Hard Rock Hotel in New York City.

International House Association Launches to Foster Global Peace Through Cultural Exchange

Century-old movement unites historic residential communities worldwide to advance peacebuilding and intercultural leadership

Colombia's president embraces war of words with Trump

Donald Trump's decision to freeze millions in aid to Colombia and brand its president a drug trafficker has smashed long-standing ties and could yet shake up the country's 2026 presidential race.

Argentina's central bank intervenes to halt run on peso

Argentina's central bank said Tuesday it had sold $45.5 million dollars on the foreign exchange market to try and halt a run on the peso days ahead of midterm elections that have put pressure on the currency despite substantial US financial aid.

New JPMorgan skyscraper underlines Manhattan office comeback

JPMorgan Chase officially inaugurated its new Manhattan tower Tuesday, a 60-story skyscraper that also marks a kind of comeback of office working after the pandemic years.

The Fort Worth Press - Economy (English)

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