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Tensions Rise as Cuba Reports Deadly Clash With Florida-Based Speedboat

  Vice President JD Vance came to the Capitol to break the tie, meaning he vote was 51-50 for a Republican point of order to dismiss the war powers resolution. Cuba has reported a deadly confrontation off its northern coast, saying its forces killed four people aboard a Florida‑registered speedboat that allegedly opened fire on Cuban border troops. According to Cuba’s Interior Ministry, the vessel was detected roughly one nautical mile northeast of the El Pino canal in Cayo Falcones before the encounter escalated.  When Cuban Border Guard officers approached the boat for identification, those on board reportedly began shooting, injuring the commander of the Cuban patrol vessel. Cuban forces returned fire, killing four and wounding six others, who were later evacuated for medical treatment.  The incident comes at a moment of heightened tension between Cuba and the United States, with officials still working to determine the identities and motives of those aboard the spe...
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Inflation Jitters Rattle Markets: Dow Plunges 500 Points

U.S. stock markets were gripped by turbulence today as investors grappled with a hotter-than-expected January inflation report. The data revealed that prices cooled at a slower pace than anticipated, sending shockwaves through Wall Street.

Here are the Numbers

  • The Dow Jones Industrial Average (DJI) plummeted 1.4%, shedding approximately 500 points.
  • The S&P 500 (GSPC) followed suit, experiencing a similar drop.
  • The tech-heavy Nasdaq Composite (IXIC) led the day’s sharp declines, closing down 1.8%.

Impact of Inflation

  • The Consumer Price Index (CPI) release for January showed “core” prices increased by 0.4%, marking the largest monthly gain since April 2023.
  • On a headline basis, prices surged 3.1%, surpassing economist estimates but decelerating from December’s 3.4% annual gain.

Bitcoin’s Comeback

  • Meanwhile, the price of Bitcoin (BTC-USD) hovered below $50,000 after breaching this closely watched level for the first time since 2021.

Market Fallout

  • It was the worst day for both the Nasdaq and S&P 500 since January 31, while the Dow experienced its most significant decline since March 2022.
  • Small caps also suffered, with the Russell 2000 (RUT) closing at its lowest level since June 2022.

As investors recalibrate their expectations, uncertainty looms over the path forward. Will the Federal Reserve’s next move address these inflationary pressures? Only time will tell.


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