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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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Stock Market Climbs to New Heights Ahead of Powell’s Testimony

 

The stock market witnessed modest gains today, with both the S&P 500 and Nasdaq Composite achieving new record highs. Investors are keenly anticipating Federal Reserve Chair Jerome Powell’s upcoming congressional testimony, which could provide crucial insights into the future of interest rates.

  • Modest Gains: The S&P 500 rose by 0.1%, while the Nasdaq Composite saw a 0.3% increase, marking a continuation of their upward trajectory.
  • Economic Indicators: Recent jobs reports suggest a cooling labor market, leading to increased speculation about a potential rate cut by the Federal Reserve in September.
  • Corporate Updates: Notable movements in the corporate sector included Boeing’s guilty plea to a criminal conspiracy charge related to the 737 Max crashes, and Tesla’s shares turning positive, potentially extending its winning streak.
  • Cryptocurrency Watch: Bitcoin hovered near the $56,000 mark, maintaining its position despite recent sell-offs and the ongoing repayment process by the defunct crypto exchange Mt. Gox.

As the market landscape evolves, all eyes remain on Powell’s testimony and the forthcoming Consumer Price Index data, which could further influence investor sentiment and market dynamics.\

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