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U.S. federal prosecutors have indicted former Cuban President Raul Castro in connection with the 1996 shooting down of a plane operated by the Miami-based exile group Brothers to the Rescue.The indictment, unsealed Wednesday, marks one of the sharpest escalations in tensions between Washington and Havana in years.Recommended stories list of 3 itemsend of listThe U.S. Department of Justice alleges that Castro, Cuba’s defense minister at the time, played a leading role in the decision to have Cuban fighter jets shoot down two civilian planes on February 24, 1996.Castro was charged with one count of conspiracy to commit the murder of…
summary Wildfires have destroyed nearly a third of Santa Rosa Island in California’s Channel Islands National Park. This area is home to dozens of rare plants and animals, some of which are not found anywhere else in the world. Multiple wildfires are burning across Southern California, forcing thousands of residents to evacuate. AI-generated summaries were reviewed by CNN editors. A massive wildfire has destroyed nearly a third of Santa Rosa Island in California’s Channel Islands National Park. The region is home to dozens of rare plants and animals, including some found nowhere else in the world. The fire broke out…
In stock and then Nvidia.Follow Nvidia Earnings Live Updates: Featured Stock, Earnings, and AI OutlookThe semiconductor giant is almost an asset class unto itself, which makes Wednesday night’s results a market event. But as investors gear up for the big shot, something strange is happening in the options pit.When it comes to the options market, the convention is almost always the same. Investors pay for downside protection, making the implied volatility of an out-of-the-money put higher than the implied volatility of an equivalent call. It is the fingerprint of a market that first hedges and then speculates. Nvidia is now…
Superbillionaire Jeff Bezos touted artificial intelligence in an exclusive interview with CNBC on Wednesday, blamed government intervention for the economic crisis and broadly defended himself and his fellow billionaires.but, Amazon In an extensive interview with Blue Origin founder Andrew Ross Sorkin, he initially struck a populist tone, at times sounding more like some progressive Democrat than one of history’s most successful capitalists.”This is like a story of two economies,” Bezos told Sorkin at the beginning of the interview, when asked about the growing criticism of billionaires. “There are a lot of people in this country who are doing very well,…
Chris Love’s victory in the Pennsylvania primary for the U.S. House of Representatives strengthens the progressive wing of the Democratic Party, which has been under tremendous pressure in recent years.Love, who ran to represent a district that straddles Philadelphia and is widely considered the “bluest” in the country, handily defeated top rivals. State senators received about 44% of the vote, with state Sen. Sharif Street getting about 30% and pediatric surgeon Ara Stanford getting 24%.Recommended stories list of 3 itemsend of listWith no Republicans on the ballot in the primary, Love is expected to win in the midterm elections.While all…
A day after Elon Musk lost a lawsuit that threatened OpenAI’s organization, leadership and finances, the AI giant is ready to move forward with an initial public offering, people told The Wall Street Journal. OpenAI CEO Sam Altman reportedly hopes his company will be ready for an initial public offering by September. ChatGPT makers are working with big tech IPO banks Goldman Sachs and Morgan Stanley, and could secretly file IPO documents with regulators in the coming days or weeks, according to the Journal. News of OpenAI’s potential IPO, which is sure to be a blockbuster by any measure, comes…
A Wendy’s restaurant sign is seen on Nov. 10, 2025 in Austin, Texas. Brandon Bell | Getty ImagesWendy’s has tapped Bob Wright as its latest chief executive, the company said Wednesday.The announcement comes on the heels of the struggling burger chain reporting its fifth straight quarter of same-store sales declines and rumors of a potential take-private deal led by Nelson Peltz’s Trian Fund Management. Wright previously served as CEO of Potbelly for five years, leading a turnaround of the sandwich chain in the aftermath of pandemic lockdowns. Potbelly went private last year after convenience store owner RaceTrac bought it for…
Cryptocurrency companies spent years monetizing volatility and are now trying to survive without it. The first-quarter earnings underscored that the days of easy crypto moonshots and hype-based profits are coming to an end. The lower the Bitcoin and ether As prices dried up speculative demand and investors broadly exited risky assets amid macro uncertainty, trading activity across exchanges cooled and individual participation waned. The economic slowdown is also reflected in quarterly updates from publicly traded companies, with exchanges, brokers and crypto finance companies reporting weaker trading and staking revenues and weaker customer activity.it’s nothing new coinbase and robin hoodfor them,…
Mayor Zoran Mamdani (left) and Jeff BezosGetty Images (left) | CNBC(R)New York City Mayor Zoran Mamdani fired back at Jeff Bezos on Wednesday. Amazon The founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers.”I can double the taxes I pay, but it’s not going to help that teacher in Queens. I promise you that,” Bezos said in a CNBC interview early Wednesday.Mamdani responded in X, “I know some teachers at Queen’s who beg for things to be different.”Meanwhile, Mr. Bezos promoted tax cuts for low-income Americans.He called for eliminating the federal…
The administration of US President Donald Trump has filed criminal charges against former Cuban leader Raul Castro over the shooting down of two civilian planes in 1996, killing four people.In a speech at Miami’s Freedom Tower on Wednesday, Acting U.S. Attorney Todd Blanche said the indictment was a historic moment.Recommended stories list of 4 itemsend of list”For the first time in nearly 70 years, senior leaders of the Cuban regime have been indicted in this country, in the United States, for acts of violence that resulted in the death of an American citizen,” Blanche said.“We cannot allow a nation and…