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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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Tech Titans Spark Market Surge Amid Trade Optimism

 


Wall Street Rallies on Big Tech Earnings and Trade Breakthroughs

The stock market soared Thursday morning as strong earnings from Big Tech giants and promising trade developments lifted investor sentiment. Futures for the Nasdaq 100 jumped 1.3%, while the S&P 500 rose nearly 1%, both eyeing fresh record highs. The Dow Jones Industrial Average futures lagged slightly, gaining 0.3%.

Big Tech Leads the Charge

  • Meta Platforms surged 12% in premarket trading after beating earnings expectations and offering robust guidance, despite ramping up AI investments.
  • Microsoft climbed over 8%, inching closer to a $4 trillion market valuation following stellar quarterly results.
  • Investors now await earnings from Apple and Amazon to see if the rally can sustain momentum.

Trade Deals Ease Global Tensions

  • A new pact with South Korea includes a 15% tariff on imports and zero duties on U.S. exports, alongside a $350 billion investment commitment from Seoul.
  • President Trump and European Commission President Ursula von der Leyen also announced a handshake agreement, though details remain murky.

Fed Watch and Economic Indicators

  • The Federal Reserve held interest rates steady for the fifth consecutive meeting, with Chair Jerome Powell emphasizing that no decisions have been made regarding a September rate cut.
  • Investors are closely watching the release of the Personal Consumption Expenditures (PCE) index for clues on inflation and future monetary policy.

With tech earnings exceeding expectations and trade tensions easing, markets are riding a wave of optimism. Whether this momentum holds will depend on upcoming earnings reports and macroeconomic data.


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