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Trump opens Saudi investment conference in Miami Beach saying ‘golden age of America is upon us’

MIAMI BEACH — President Donald Trump addressed corporate CEOs, financiers, government officials and billionaires gathered Wednesday for the start of a three-day Saudi Arabian-backed investor summit, calling Saudi Arabia “a special place with special leaders.” His nearly 90-minute introduction at the FII PRIORITY Summit covered topics as wide-ranging as the war between Russia and Ukraine, domestic oil production, cuts to government spending, and his 2024 election as the 47th president. Several times he reiterated that he wanted his legacy to be as a peacemaker. “The golden age of America is...

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Trump adviser says president-elect is exploring options to “preserve” TikTok

Trump’s pick for national security adviser, Florida Rep. Mike Waltz, said in an interview on Wednesday that the president-elect is exploring options to “preserve” TikTok. Related Articles National News | The ‘things,’ saved from fire, that have made LA houses into Jewish homes | COMMENTARY National News | For LA water issues, misinformation spreads nearly as fast as the wildfires National News | Rubio says Cuba is state sponsor of terrorism, suggests quick Trump reversal of Biden decision National News |...

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SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it

By BARBARA ORTUTAY The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. Related Articles National News | Biden announces 2 new national monuments in California after wildfires scuttled previous event National News | Obesity won’t be solely defined by BMI under new plan for diagnosis by global experts National News | Lawyers for Sean ‘Diddy’ Combs say sex acts are...

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Service workers union rejoins AFL-CIO after 20 years, just ahead of Trump’s inauguration

By JOSH BOAK WASHINGTON (AP) — The Service Employees International Union is returning to the AFL-CIO after 20 years, betting that a united labor movement will do more to help workers overcome legal challenges to organize and join unions. Related Articles National News | Military doctor pleads guilty to dozens of sexual abuse charges National News | Longshoremen reach tentative agreement with ports, shippers, averting a potential strike National News | Supreme Court Justice Samuel Alito says he spoke with Trump on...

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Nvidia’s new GPU series led an avalanche of entertainment-related announcements at CES

By SARAH PARVINI LAS VEGAS (AP) — In a packed Las Vegas arena, Nvidia founder Jensen Huang stood on stage and marveled over the crisp real-time computer graphics displayed on the screen behind him. He watched as a dark-haired woman walked through ornate gilded double doors and took in the rays of light that poured in through stained glass windows. Related Articles National News | US Justice Department accuses six major landlords of scheming to keep rents high National News | Mourners honor former President Jimmy Carter in Capitol |...

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Silver Airways files for Chapter 11 bankruptcy protection in South Florida, will continue operating

Financially troubled Silver Airways, the 13-year-old regional carrier serving Florida, the Bahamas and the Caribbean, has filed for Chapter 11 bankruptcy protection with a pledge to continue flying and reorganize its finances at some point during the first quarter of the New Year. The airline, which in 2023 was nearly evicted from Fort Lauderdale-Hollywood International Airport for falling behind on its rent, said in a note to customers that “all tickets remain valid” and that they may book flights through the airline’s website “or any other channel.” U.S. Bankruptcy Judge Peter Russin of...

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‘Sharks’ vet pitches from entrepreneurs at FAU. See who scored a deal

Three prominent investor-judges from “Shark Tank,” television’s high court of American entrepreneurship, descended on Florida Atlantic University in Boca Raton to hear pitches from hopeful local innovators in search of financial backing. The visiting judges for the so-called “CrocTank” event, sponsored by Noble Capital Markets of Boca Raton, included Canadian venture capitalist Kevin O’Leary, a.k.a “Mr. Wonderful,” FUBU apparel founder Daymond John, and cyber-tech entrepreneur Robert Herjavec, also from Canada. The contest was a wrap-up event of a two-day financial investment conference...

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Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

By JILL COLVIN NEW YORK (AP) — President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs. The tariffs, if implemented, could dramatically raise prices on everything from gas to automobiles. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent Census data. Trump made the threats in a pair of posts on his Truth Social site Monday evening in which he railed against an...

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Citizens Insurance says it denies half of all claims because it covers riskiest policies

The high percentage of Citizens Property Insurance Corp. policies within Florida’s riskiest coastal regions is a major reason the company denies payment for half of all claims submitted compared to private-market insurers, a Citizens executive told the company’s Claims Committee on Thursday. Jay Adams, Citizens’ chief insurance officer, spent several minutes responding to a news article from earlier this week based on findings by Weiss Ratings, a Palm Beach Gardens-based financial analysis firm. The news article, which appeared in nearly all of Florida’s largest newspapers, reported Weiss’...

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Dockworkers’ union to suspend strike until Jan. 15 to allow time to negotiate new contract

By TOM KRISHER DETROIT (AP) — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is to resume working immediately. The temporary end to the strike came after the union and the U.S. Maritime Alliance, which represents ports and shipping companies, reached a tentative agreement on wages, the union and ports said in a joint statement Thursday night. A person briefed on the agreement said the ports...

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