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Trump Declares National Emergency as U.S. Tightens Stance on Cuba

President Donald Trump on Thursday signed an executive order declaring a national emergency in respect with Cuba. President Donald Trump has declared a national emergency related to Cuba, marking a sharp escalation in Washington’s approach toward the island nation. The declaration frames Cuba’s government as a significant threat to U.S. national security and foreign policy interests, opening the door for new economic and diplomatic measures. A key component of the order allows the United States to impose tariffs on any country that supplies oil to Cuba. The move is designed to pressure foreign governments and companies that help sustain the island’s energy sector, which has long relied on external support. The administration argues that Cuba’s close ties with adversarial governments and its alleged involvement in activities that undermine regional stability justify the emergency action. The decision signals a renewed effort to isolate Havana and reshape the geopolitical dynamics of ...
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Megacaps Rally as Investors Await Inflation Data and Major Bank Earnings


The stock market has been on a roller coaster ride lately, with investors keeping a close eye on inflation data and major bank earnings. On Wednesday, the market saw a boost as megacaps rallied, with Microsoft, Meta Platforms, and Nvidia leading the charge. The S&P 500 index gained 0.57%, while the Nasdaq Composite advanced 0.75% and the Dow Jones Industrial Average rose 0.45%.

The benchmark 10-year Treasury note yield held near 4%, and a $37 billion auction of the notes drew above-average demand. Communication services was the best performing of the 11 major S&P sectors, lifted by a roughly 4% rise in Meta Platforms’ stock to the highest level since September 2021, after Mizuho raised its price target to $470 from $400. Nvidia hit a record high after fellow chipmaker TSMC beat fourth-quarter revenue expectations.

After ending 2023 with a strong rally, stocks have struggled to find upward momentum, with the S&P 500 barely positive on the year, as mixed economic data and comments from Federal Reserve officials have led investors to dial back expectations for the timing and size of any rate cuts from the central bank this year.

The market is reassessing its 2024 expectations in terms of earnings and interest rates, and really looking to justify the surge in prices that we saw in November and December. It’s sort of a good sign that the market is treading water early in the year because it implies that investors really don’t want to miss out on anything else that could be good.


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