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Saks CEO Accused of Potential Favoritism Toward Moncler in Bankruptcy Proceedings

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Artificial Intelligence / AI

Saks Global CEO Geoffroy van Raemdonck is facing scrutiny over possible favoritism toward Moncler as the retailer moves through bankruptcy proceedings.

Concerns have been raised that his dual role as Saks CEO and a Moncler board member could create a conflict of interest.

The issue surfaced in a February complaint filed through EthicsPoint, a platform used for anonymous reports.

The complaint questioned whether Moncler, which is owed about $6.3 million in the bankruptcy case, could receive better treatment than other creditors, NY Post reported.

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It asked, “When vendors are paid off during bankruptcy and Moncler is paid a higher percentage than a different vendor, would it be due to the presence of Geoffroy?”

The filing also raised concerns about business decisions beyond payments. It suggested that Saks might receive priority access to Moncler products, such as popular jackets, because of van Raemdonck’s position.

The complaint warned that even the appearance of favoritism could affect how other retailers, including competitors, view the situation.

Expert Says Saks CEO ‘Stuck on Both Sides’

Moncler responded on March 5, saying it is reviewing the matter. The company stated it is “conducting the appropriate regulatory corporate governance and assessment” and added that it is working to prevent and manage any potential conflict of interest.

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A spokesperson for Saks Global said the company had reviewed van Raemdonck’s outside roles before hiring him.

The spokesperson explained that safeguards are already in place. “Protocols are in place under our longstanding conflict of interest policy, which have been discussed with Moncler, and a direct line of communication has been established between the companies to ensure continued compliance,” the statement said.

According to TotalNews, experts say the situation puts the executive in a difficult position. Charles Elson of the University of Delaware said van Raemdonck is “stuck on both sides,” with duties to Saks as a bankrupt company and to Moncler as a board member.

He added that the situation is “not a good look” for Moncler, which may want to avoid appearing to favor one creditor over others.

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Saks Global filed for bankruptcy protection on January 14. As part of the process, a court is expected to review van Raemdonck’s employment agreement, including his role at Moncler, with a decision anticipated in April.

Van Raemdonck joined Moncler’s board in April 2025 after leading Neiman Marcus through its own bankruptcy and later overseeing its acquisition by Saks in a $2.7 billion deal.

Originally published on vcpost.com

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Goldman Sachs sees higher inflation due to Iran war oil price shock

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Goldman Sachs sees higher inflation due to Iran war oil price shock

The impact of the Iran war on global oil prices could push the rate of inflation facing U.S. consumers higher, which would leave Federal Reserve policymakers in a difficult spot as they weigh possible interest rate cuts.

An analysis by economists at Goldman Sachs projected that Brent crude oil prices, a common benchmark for the global oil market, are expected to remain elevated, averaging $105 a barrel in March and $115 in April before falling to $80 a barrel in the fourth quarter of 2026. That’s based on oil shipments through the Strait of Hormuz remaining very low for six weeks.

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In an adverse scenario where oil flows are disrupted for 10 weeks, the firm estimates Brent oil would peak at $140 a barrel and decline to $100 a barrel in the fourth quarter of 2026. A severely adverse scenario that includes disruptions for 10 weeks and infrastructure damage is a persistent hit to oil production would yield a peak at $160 a barrel and put oil at $115 a barrel in the fourth quarter of 2026.

“Most of the impact of the war on U.S. inflation will come from higher oil prices,” the Goldman economists said, noting that their “rule of thumb is that a 10% increase in oil prices raises headline PCE inflation by 0.2pp and core inflation by 0.04pp,” with much of the rise coming from transportation costs.

IRAN WAR FUELS ASIA ENERGY CRUNCH AS INDIA, JAPAN, OTHERS FEEL STRAIN

A cargo ship in the Strait of Hormuz

Inflation is expected to be higher this year in Goldman Sachs’ updated forecast due to the oil price shock caused by the Iran war. (AFP via Getty Images)

Goldman Sachs’ analysis also included a look at other commodities like fertilizer that could have higher costs due to limits on exports from the Gulf. It estimated that higher fertilizer prices could boost food prices by about 1.5% this year, raising headline inflation by 0.1 percentage point. 

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Additionally, second-round effects stemming from higher inflation expectations could boost inflation by 0.1 of a percentage point by the end of 2026 under the baseline scenario, or 0.4 of a percentage point under the severely adverse scenario.

Those factors could push the Federal Reserve’s preferred inflation gauge higher. The personal consumption expenditures (PCE) index was up 2.8% on a headline basis in January, while core PCE, which excludes volatile measures of food and energy, was up 3.1% in January. Both figures were well above the Fed’s long-run target of 2% inflation, and policymakers opted against cutting rates at their last two meetings given the elevated readings.

MARKETS HANGING ON ‘EVERY WORD’ AS US-IRAN CONFLICT NEARS ONE MONTH, FORMER NEC DIRECTOR WARNS

The Goldman Sachs economists’ analysis finds that, given higher oil prices, the impact on food prices and the more mild impact of other commodities and inflation expectations, they raised their December 2026 PCE inflation estimate by 0.2pp to 3.1% in the baseline scenario.

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In the adverse scenario, PCE inflation would be 3.6% in December after peaking at 4.6% this spring, while the severely adverse scenario would leave PCE inflation at 4% at the end of the year after peaking at 4.9%.

The firm also raised its core PCE inflation forecast to 2.5% at the end of the year in the baseline scenario, while it would be 2.6% in December under the adverse and severely adverse scenarios.

IRAN WAR UNLIKELY TO TRIGGER GLOBAL SUPPLY CHAIN CRISIS, GOLDMAN SACHS SAYS

Oil tankers in the Strait of Hormuz.

The flow of oil tankers through the Strait of Hormuz has been constrained during the Iran war. (Giuseppe Cacace/AFP via Getty Images)

Goldman Sachs also lowered its forecast for economic growth, reducing 2026 gross domestic product (GDP) growth to 2.1% in the fourth quarter compared to the same period the prior year or 2.4% on a full-year basis under the baseline scenario. The GDP growth forecast would fall to 1.9% fourth quarter-to-fourth quarter in the adverse scenario and 1.8% in the severely adverse scenario.

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The firm also raised its 12-month recession probability by 5 percentage points to 30%.

The economists didn’t alter their baseline forecast for Federal Reserve interest rate cuts, which featured two 25 basis point rate cuts in September and December. They explained that they expect the unemployment rate to rise to 4.6%, above the 4.4% median projection of Fed policymakers at their latest meeting.

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However, they did raise the probability of the Fed staying on hold this year from 20% to 25%, while lowering the probability of insurance cuts from 15% to 10%, due to the relatively higher inflation readings they anticipate.

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Five Guys gives $1.5M in bonuses after BOGO deal overwhelmed crews

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Five Guys gives $1.5M in bonuses after BOGO deal overwhelmed crews

Five Guys is rewarding employees after an unexpectedly overwhelming promotion put heavy pressure on store crews.

The burger chain said it was distributing about $1.5 million in bonuses to workers after a buy-one-get-one (BOGO) deal on Feb. 17, which was launched to celebrate its 40th anniversary but quickly exceeded expectations.

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“The promotion spread far beyond what we anticipated, and our hardworking crews were placed in a difficult situation,” Five Guys said in a Feb. 18 statement. 

FAST-FOOD CHAINS USE PSYCHOLOGY TRICK TO MAKE YOU SPEND MORE MONEY ON THEIR MENU ITEMS: REPORT

Chefs fry bacon on a griddle in the kitchen at U.S. burger restaurant chain Five Guys

Chefs fry bacon on a griddle in the kitchen at Five Guys in London July 2, 2013.  (Simon Dawson/Bloomberg via Getty Images)

The company noted some locations ran out of food, closed early and experienced online ordering issues.

“We also want to recognize the incredible men and women working in our restaurants,” the statement continued. “They handled it with the same grit and dedication that has defined Five Guys for four decades.”

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FAST-FOOD GIANT MAINTAINS IRON GRIP ON CUSTOMER SATISFACTION AMID RESTAURANT INDUSTRY CHANGES

Five Guys Burger Chain Founder Jerry Murrell

Jerry Murrell, founder of Five Guys, poses for a photo in London July 2, 2013.  (Simon Dawson/Bloomberg via Getty Images)

CEO Jerry Murrell told Fortune he wrote 1,500 bonus checks, acknowledging the company underestimated demand and wanting to recognize employees for handling the surge.

“I didn’t want anybody shooting me in the back or anything after the first day, because we really screwed it up. We had no idea that we were going to get that kind of response,” Murrell told the outlet.

IS THERE A FAST-FOOD PRICE WAR LOOMING?

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The customer is seen ordering food in an American fast food

Customers order food from Five Guys in Hong Kong.  (Serene Lee/SOPA Images/LightRocket via Getty Images)

Five Guys brought back the BOGO offer from March 9-12.

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Five Guys did not immediately respond to FOX Business’ request for comment.

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Trump’s signature to appear on US bank notes in first for sitting president

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Trump's signature to appear on US bank notes in first for sitting president

“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than US dollar bills bearing his name,” Bessent said. US banknotes have traditionally carried the signatures of Treasury officials.

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JetBlue expands Fort Lauderdale hub with more flights starting July

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JetBlue expands Fort Lauderdale hub with more flights starting July

JetBlue said on Thursday that it’s adding a new route to its offerings while also adding more flights out of one of the low-cost carrier’s Florida hubs starting this summer.

The company announced that it will expand its offerings at Fort-Lauderdale-Hollywood International Airport, including a new route to Cleveland, Ohio, that will offer daily service starting on July 8.

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Several existing domestic routes to and from Fort Lauderdale will see additional flight options for travelers starting when the changes take effect on either July 8 or 9.

JetBlue is adding one daily flight to each of Atlanta, Newark, Jacksonville, Las Vegas and Philadelphia. The Atlanta and Newark routes will each have four daily flights, while both Las Vegas and Philadelphia will have three per day and Jacksonville will have two. JetBlue will also add two more weekly flights to Norfolk, which will boost the frequency to once a day.

JETBLUE FLIGHT TURNS BACK AFTER STRIKING A COYOTE ON THE RUNWAY: ‘WE THOUGHT IT WAS A JOKE’

JetBlue passengers

JetBlue is expanding its service offerings from Fort Lauderdale-Hollywood International Airport starting this summer. (Joe Raedle/Getty Images)

International flights to destinations in the Caribbean will also see a boost under the change. Aruba will see four more weekly flights, up to once a day. 

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An additional daily flight to Santo Domingo, Dominican Republic, will increase the frequency to twice a day, while three more weekly flights to St. Maarten will leave that route with daily service from Fort Lauderdale.

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JBLU JETBLUE AIRWAYS CORP. 4.51 -0.24 -5.05%

JETBLUE EXPANDS FLORIDA SERVICE, ADDS MORE INTERNATIONAL ROUTES

“These latest additions reflect our ongoing strategy to build an undeniably strong and relevant network in Fort Lauderdale by adding both new destinations and more frequencies where our customers want to fly,” said Daniel Shurz, senior vice president of revenue, network and enterprise planning at JetBlue.

“As we continue to grow in Fort Lauderdale, we’re offering customers more choice, more flexibility and a more connected network,” Shurz added.

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JetBlue’s move comes after it signaled earlier this month that it’s on track to deliver $850 to $950 million in incremental operating profit by 2027 due to its JetForward plan, which seeks to curb costs, expand its network and improve services for travelers over the long term.

UNITED AIRLINES, JETBLUE PARTNERSHIP GETS TRUMP ADMIN CLEARANCE TO FLY

LOS ANGELES, CALIFORNIA - JANUARY 03: A JetBlue plane taxis after landing as a United plane takes off at Los Angeles International Airport (LAX) on January 03, 2025 in Los Angeles, California. JetBlue has been fined $2 million by the Department of Transportation for ‘operating multiple chronically delayed flights’ which marks the first time an airline has received such a penalty. (Photo by Mario Tama/Getty Images)

JetBlue and United announced a partnership last year. (Mario Tama / Getty Images)

The airline is about two years removed from calling off a $3.8 billion merger with Spirit Airlines, after a federal judge blocked the proposed tie-up over the potential competitive impact and antitrust concerns.

JetBlue and United Airlines announced a partnership last year that allows travelers to book flights on both carriers’ websites and interchangeably earn and use points in their frequent flyer programs.

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Under the partnership, JetBlue also agreed to provide United access to slots at New York City’s congested JFK International Airport for up to seven daily round-trip flights starting in 2027.

Reuters contributed to this report.

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Haidt warns tech companies face ‘karma’ over harm to children

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Haidt warns tech companies face ‘karma’ over harm to children

Jonathan Haidt, a social psychologist and author of “The Anxious Generation,” says mounting concerns over social media’s impact on children have hit a “turning point.”

Speaking Thursday on FOX Business’ “The Big Money Show,” Haidt pointed to a closely watched social media trial, citing internal Meta communications in which employees described Instagram as “a drug” and acknowledged they were “basically pushers.”

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“What we learned is that the companies really behaved abominably,” Haidt said. “Congress created the problem, and now I’m thrilled to see tweets and statements from senators and congressmen [from] both parties saying, ‘We’ve got to do something about this.’”

JURY FINDS META, GOOGLE LIABLE IN LANDMARK SOCIAL MEDIA ADDICTION TRIAL, AWARDS MORE THAN $6M IN DAMAGES

Psychologist Jonathan Haidt

Jonathan Haidt at Project Healthy Minds’ World Mental Health Day Festival held at Spring Studios on Oct. 10, 2025 in New York, New York. (Kristina Bumphrey/Variety via Getty Images / Getty Images)

Haidt said the recent jury verdict could mark the beginning of a much larger wave of litigation.

“We believe that there are literally millions of victims,” Haidt said. “… Hundreds of kids are dead.”

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With “millions of potential plaintiffs,” he warned, the financial consequences for tech companies could be enormous.

“I think we’re looking at a giant case of karma coming for these companies,” Haidt said. “They were able to exploit kids for decades and now their deeds are catching up with them.”

He argued the crisis was shaped in part by decades-old policy decisions.

META ORDERED TO PAY $375M AFTER JURY FINDS PLATFORM ENABLED CHILD PREDATORS IN LANDMARK NEW MEXICO CASE

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Social media apps are seen in this photo illustration. ( Matt Cardy / Contributor / Getty Images)

Haidt pointed to laws like Section 230 of the Communications Decency Act, which shields platforms from liability, and federal rules that allow companies to collect data from users who simply claim to be over 13.

However, public awareness is shifting — driven in part by recent jury verdicts and policy changes abroad, according to Haidt.

“We are at a turning point,” he said. “There is now a global understanding that this stuff is just wildly inappropriate for children.”

On Wednesday, a Los Angeles jury found Meta and Google liable in a case accusing the companies of designing addictive products for young users, awarding the plaintiff $6 million in damages.

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Google and Meta both told FOX Business they plan to appeal the verdict.

SOCIAL MEDIA TRIAL VERDICT: WHAT HAPPENS NOW, HOW MUCH WILL TECH GIANTS REALLY PAY?

The family of victims raise photographs outside Social Media Trial

Family members of victims outside Los Angeles Superior Court after a jury verdict Wednesday, March 25, 2026, in Los Angeles. (Kayla Bartkowski / Los Angeles Times via Getty Images / Getty Images)

In a separate case, a New Mexico jury on Tuesday ordered Meta to pay $375 million after finding the company misled users about platform safety and allegedly enabled child sexual exploitation.

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Meanwhile, Australia implemented a landmark law in December banning users under 16 from holding social media accounts — one of the strictest online safety measures globally.

“We parents can’t deal with this on our own,” Haidt said. “We’re all having the same fight with our kids.”

Fox News Digital’s Jasmine Baehr, Louis Casiano and Ashley Carnahan contributed to this report.

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Yeahka Limited (YHEKF) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Yeahka Limited (YHEKF) Q4 2025 Earnings Call March 26, 2026 8:00 AM EDT

Company Participants

Vincent Chan
Yingqi Liu – Executive Chairman & CEO
Zhijian Yao – Executive Director & CFO

Conference Call Participants

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Yi Jing Wei – Citigroup Inc., Research Division
Johnny Xie – Deutsche Bank AG, Research Division
Yuxuan Chen – Huatai Securities Co., Ltd., Research Division

Presentation

Operator

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Ladies and gentlemen, good day, and welcome to Yeahka Limited 2025 Annual Results Announcement Call. [Operator Instructions]. Please be advised that today’s conference is being recorded.

I’ll now pass the call to Mr. Vincent Chan, Head of Corporate Development and Capital Markets of Yeahka. Please go ahead, sir.

Vincent Chan

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Thank you, and hello, everyone. Welcome to Yeahka’s 2025 Annual Results Conference Call. Before we start, we would like to remind you that this presentation includes forward-looking statements that involve a number of risks and uncertainties. Information on general market conditions comes from a variety of sources outside of Yeahka’s control. Please refer to our disclosure documents on our website’s IR section for a detailed discussion of risk factors.

Now let me introduce the management team on today’s call. Luke Liu, our Founder, Chairman and CEO, will kick off with a short overview. I will then provide a business review. John Yao, our CFO, will conclude with a financial review translated by Derek Lai, our Director of Finance, before we open the floor for questions.

Without further ado, I will now turn the call over to Luke.

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Yingqi Liu
Executive Chairman & CEO

Thank you, Vincent. Hello, everyone. In 2025, we reached our product line and the commercialization to a new level. Core EBITDA rose 52.7% year-over-year. It expected rise of around 50% in 2024 versus 2023 in core EBITDA — sorry.

Overseas expansion delivered another year of exponential growth. AI

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REX American Resources Corporation (REX) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

REX American Resources Corporation (REX) Q4 2025 Earnings Call March 26, 2026 11:00 AM EDT

Company Participants

Douglas Bruggeman – VP of Finance, CFO & Treasurer
Stuart Rose – Executive Chairman & Head of Corporate Development
Zafar Rizvi – CEO, President & Director

Conference Call Participants

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Peter Gastreich – Water Tower Research LLC
Mason Bourne

Presentation

Operator

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Good morning, and welcome to the REX American Resources Fourth Quarter and Full Fiscal Year 2025 Conference Call. As a reminder, today’s call is being recorded. [Operator Instructions]

I would now like to turn the call over to Mr. Doug Bruggeman, Chief Financial Officer of REX American. Please go ahead.

Douglas Bruggeman
VP of Finance, CFO & Treasurer

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Good morning, and thank you for joining this morning’s call. I have joining me on the call today, Stuart Rose, REX’ Executive Chairman; and Zafar Rizvi, our Chief Executive Officer. We’ll get to our presentation and comments momentarily as well as your questions. But first, I will review the safe harbor disclosure.

In addition to historical facts or statements of current conditions, today’s conference call contains forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the company’s current expectations and beliefs but are not guarantees of future performance. As such, actual results may vary materially from expectations. The risks and uncertainties associated with the forward-looking statements are described in today’s news announcement and in the company’s filings with the Securities and Exchange Commission, including the company’s reports on Form 10-K and 10-Q. REX American Resources assumes no obligation to publicly update or revise any forward-looking statements.

I’d now like to turn the call over to Stuart Rose, our Executive Chairman.

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Stuart Rose
Executive Chairman & Head of Corporate Development

Good morning, and thank

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How Cruise Tourism Supports Global Port Economies

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How Cruise Tourism Supports Global Port Economies

Cruise tourism has quietly become one of the more significant contributors to port city economies across the world.

Passengers tend to focus on the destinations they’re visiting or the experience of being on the ship itself, but the economic impact stretches far further than the vessel’s hull. Port infrastructure, local hospitality, logistics firms, tour operators – the ripple effects of a cruise arrival can touch an enormous range of sectors within any given port city.

Many international cruise itineraries start from major travel hubs where airports and ports work in close coordination to shift large numbers of passengers efficiently. People researching cruises will often look for routes that pair flights with departures from well-connected ports. It’s fairly common, for instance, to stumble across fly cruise deals that let travellers fly straight to an embarkation port before their voyage begins. This kind of arrangement has quietly reinforced the importance of certain cities as genuine gateways within the global cruise network.

Ports as economic gateways

Cruise ports sit at the intersection of global travel and local economic life. When a ship arrives, it brings thousands of passengers alongside crew members, all of whom interact with the surrounding area during embarkation, disembarkation or day visits ashore. That movement of people keeps a wide range of businesses ticking over – hotels, restaurants, shops, taxis and more.

Cities like Barcelona, Miami, Singapore and Athens have built strong reputations as cruise hubs, largely because they handle large passenger volumes without too much friction. They tend to combine well-developed port facilities with solid air connections, which makes them natural starting points for international itineraries. For local economies, that translates into fairly consistent demand across multiple industries. Tour operators, cab drivers and hospitality businesses all benefit from the steady stream of visitors passing through before or after their voyages. Even a short port call can generate meaningful economic activity when passengers venture out to explore.

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Investment in port infrastructure

As cruise tourism has grown, cities have poured considerable investment into modernising their port facilities. Terminals need to accommodate enormous vessels, process passengers efficiently and satisfy increasingly strict security and environmental standards. Getting that right typically requires collaboration between local authorities, port bodies and private investors.

Modern cruise terminals are designed to handle thousands of passengers at once. That means baggage systems, customs areas and decent transport links between the port and the city centre. Smooth connections between flights, terminals and local transport are essential – nobody wants to spend half a day queuing.

Interestingly, infrastructure built with cruise tourism in mind often benefits other maritime activities too. Better docking facilities, improved navigation systems and upgraded port services support cargo shipping and regional transport alongside the cruise trade. So investment driven by cruise growth tends to strengthen a port’s overall maritime capabilities rather than serving just one narrow purpose.

Supporting local tourism industries

The economic effects don’t stop at the port gates. Cruise passengers spread out across destinations through organised excursions, guided tours or simply wandering around independently. That creates real opportunities for local businesses offering cultural experiences, outdoor activities and transport services.

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In historic cities, cruise visitors fill museums, landmarks and cultural sites that depend heavily on tourism income. Coastal towns and island destinations see passengers exploring beaches, markets and local attractions during their time ashore. Even a brief visit adds up when several thousand people arrive at once. Restaurants, cafés and shops near terminals often do brisk trade on ship arrival days. In some places, independent traders and local artisans rely quite heavily on cruise tourism to get through the busiest parts of the season.

Employment opportunities

The employment dimension is worth considering too. Ports need dock workers, security staff, logistics teams and maintenance crews just to keep things running. Terminals employ people in passenger services, customs coordination and transport management. It’s a sizable workforce before you even step outside the port gates.

Further afield, hospitality, transport and tour operations all tend to see increased demand. Hotels pick up additional bookings from passengers arriving early for departures or staying on after their voyage ends. Local transport providers – buses, taxis, shuttles – play a crucial role in moving people between airports, ports and accommodation, and that creates another layer of employment within the wider community.

The role of cruise hubs

Certain cities have emerged as major cruise hubs thanks to their location and the strength of their travel infrastructure. Because these places serve as starting or finishing points for itineraries, passengers often spend extra time in the area either side of their voyage.

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Mediterranean ports like Barcelona and Rome are key departure points for cruises around southern Europe. In the Caribbean, cities such as Miami and Fort Lauderdale fulfil a similar function, handling large numbers of embarkations throughout the year. These hubs benefit not just from cruise passengers but from the entire travel ecosystem that surrounds them. Airlines, hotels and tourism providers all feed into the infrastructure needed to handle high volumes of international visitors, which reinforces the economic importance of these locations within global tourism.

Managing growth responsibly

That said, cruise tourism isn’t without its complications. Large numbers of visitors arriving simultaneously can put real strain on local infrastructure and historic sites. Several cities are now introducing measures to manage visitor numbers more carefully and spread tourism more evenly across the calendar year.

Port authorities and cruise operators are also looking seriously at environmental impact. Cleaner fuel technologies, shore power systems that allow ships to cut their engines whilst docked, and better waste management practices are all part of ongoing efforts to reduce the footprint of cruise operations. Balancing economic benefit against environmental and social pressures is increasingly central to long-term planning for port cities.

A connected global travel network

Cruise tourism sits within a much larger global travel network connecting airlines, ports, hotels and local economies. The relative ease with which travellers can move between flights and cruise departures has helped itineraries reach further and strengthened the role of international ports in the process.

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For many cities, cruise tourism represents a meaningful and consistent source of economic activity – one that underpins infrastructure development, supports local employment and keeps smaller businesses viable. The ships don’t stay long, but the economic effects linger well beyond their departure.

As global travel continues to shift and evolve, cruise tourism will almost certainly remain tightly bound up with the development of international transport hubs. Ports that manage to weave together aviation, maritime operations and local tourism infrastructure look well placed to benefit as this interconnected industry keeps on growing.

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CK Snacks acquires Keystone Food Products

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CK Snacks acquires Keystone Food Products

Addition of private label snack maker adds production muscle.

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Caleb Williams, George Gervin at odds over ‘Iceman’ trademark

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Caleb Williams, George Gervin at odds over 'Iceman' trademark

Caleb Williams‘ “Iceman” nickname is in danger of being frozen.

The Chicago Bears quarterback recently filed trademark applications for the nickname, given to him after some late-game heroics throughout this past season. But the name was also used by Basketball Hall of Famer George Gervin, who played for the Chicago Bulls.

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Gervin filed similar trademark applications four days later, saying he has been using the nickname for goods and services since 1979. Jerald Barisano, the president and CEO of Gervin Global Management, told the Chicago Sun-Times that he mistakenly thought Gervin had filed the trademark already.

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Caleb Williams and George Gervin

Caleb Williams and George Gervin are at odds over the “Iceman” nickname. (Matt Marto/Imagn Images; Focus on Sport/Getty Images / Fox News)

“I’ve got nothing but respect for [Williams],” Gervin told the outlet earlier this week. “He’s already proved greatness and his potential upside is great. Like an ‘Iceman.’ But that name is taken…

“All I’m saying is: Young fella, we’ve already got one ‘Iceman.’”

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Barisano added, “We are hoping the inspectors will do the right thing. All they’ve got to do is one Google search, and they’ll see hundreds and hundreds of articles on the ‘Iceman,’ George Gervin.”

Caleb Williams

Caleb Williams of the Chicago Bears stands on the sidelines during the national anthem before the San Francisco 49ers game at Levi’s Stadium on Dec. 28, 2025, in Santa Clara, California. (Brooke Sutton/Getty Images / Getty Images)

KYLIE KELCE REVEALS HER ‘DOS AND DON’TS’ OF TALKING TO POSTPARTUM WOMEN: ‘OH, I’M SO SERIOUS’

The trademarks Williams filed included two silhouettes of himself from the wild fourth-and-8 pass to Rome Odunze against the Green Bay Packers in the NFC wild-card round. The Sun-Times noted that Williams’ trademarks were for sporting goods, footballs, sweatshirts, T-shirts, hats, jerseys, jackets, vests, water bottles, mugs, bags, backpacks, luggage, sunglasses, posters and downloadable trading cards.

Barisano, though, said he and Gervin plan to contest the trademark if it’s awarded to the quarterback.

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In his sophomore season, the 2024 first overall pick had his coming-out party, leading the Bears to an NFC North title and going to the divisional round. He threw for 3,942 yards and ran for another 489. His 4,352 total yards were the most ever by a Bears quarterback, as he also threw 27 touchdowns against just seven interceptions.

Caleb Williams celebration

Bears quarterback Caleb Williams celebrates after a 31-27 victory against the Green Bay Packers in an NFC wild-card game at Soldier Field in Chicago on Jan. 10, 2026. (Chris Sweda/Chicago Tribune/Tribune News Service via Getty Images / Getty Images)

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Gervin was named an All-Star 12 times in both the NBA and ABA and was selected to the NBA’s 75th Anniversary Team. He averaged 25.1 points and 5.3 rebounds, winning four scoring titles.

Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

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