America's Uranium Crisis = A Massive Opportunity

Ninety percent of America's uranium is imported. With the US scrambling to rebuild domestic supply, Canadian uranium companies are in prime position. One small-cap stock could be set to benefit.

A new luxury hotel towers over Havana as Cuba's economic troubles mount and tourism plummets

ANDREA RODRÍGUEZ
January 24, 2025

HAVANA (AP) -- It's impossible to miss. The huge rectangular mass of concrete and glass -- the tallest building in Havana -- dominates the city skyline, towering 150 meters (490 feet) above colonial homes with its 542 luxury rooms and majestic views of the city and the sea.

The Selection La Habana hotel, managed by Spanish chain Iberostar, has yet to be inaugurated but it is already the target of criticism -- and not only for its unusual shape. Cubans are questioning the government's allocation of millions of dollars towards luxury tourism while the island grapples with a severe economic crisis and tourism numbers plummet to historic lows.

"All that money could have been spent to build hospitals and schools," lamented Susel Borges, a 26-year-old artisan, as she looked up to the towering edifice, known to locals as the "K and 23 building" because of its location.

Located near the legendary Habana Libre hotel and the iconic Coppelia ice cream parlor, the new hotel is part of a government plan to build a dozen luxury establishments -- mainly in Havana -- that did not stop even during the COVID-19 pandemic and while existing luxury hotels remained largely unoccupied.

For decades, tourism drove the Cuban economy, generating annual revenues of up to $3 billion. But in December, Cuban authorities said only 2.2 million tourists visited the island in 2024, a decrease of roughly 200,000 from 2023 and significantly lower than the 4.2 million tourists who visited in 2019.

The government attributes the decline in tourism to a "perfect storm" of factors including supply shortages, a severe energy crisis causing massive blackouts and a lack of personnel, due to emigration and low wages. Furthermore, the island is grappling with a surge in U.S. sanctions, including restrictions on travel by U.S. citizens, a ban on cruise ships and other measures specifically designed to stifle the growth of Cuba's tourism industry.

"Tourism is gone," said Julio García Campos, driver of a shiny red 1951 Pontiac with an original engine. "Tourists used to line up to get on one of these!" he said, recalling a bygone era when the island was bustling with American and European travelers following a removal of sanctions by then-President Barack Obama.

The new Selection La Habana, like all other hotels in Cuba, is state-owned and operates under GAESA, a conglomerate belonging to the Ministry of the Revolutionary Armed Forces that has often been criticized because of the opacity of its businesses. As a military-run operation, it is exempt from audits by the Comptroller General's Office and has not disclosed the amount it invested in the 40-story hotel.

Cuban economist Pedro Monreal notes the "incongruity" of investing capital in the tourism sector when very little is being allocated to strategic areas such as agriculture.

"With food insecurity a concern, it's troubling that agricultural investment lags significantly behind tourism investment, remaining 11 times lower," Monreal noted last year on social media.

Architects also expressed little enthusiasm for the new hotel, pointing at its disruptive appearance within the environment, its excessive height violating urban regulations and tall glass windows that are ill-suited for a tropical climate.

"This building serves as a perfect example in our classes of what should not be done in terms of bioclimatic design," said Abel Tablada, an architect and university professor, adding it's "unforgivable" that the little money available to the Cuban state has been allocated to a building that does not add value to the city.

___

Follow AP's coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america

Continue Reading...

Popular

Cathie Wood Goes On Shopping Spree Amid Tech Bloodbath Monday: Loads Up On Tesla, Palantir, Coinbase And These Stocks

On Monday, Cathie Wood‘s Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA) , Palantir Technologies Inc. (NASDAQ:PLTR), Coinbase Global Inc. (N

China learned from Trump's first trade war and changed its tactics when tariffs came again

WASHINGTON (AP) — The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to on their countries, but China’s president appears unlikely to make a similar call soon.

The Gold Shift No One's Talking About - Yet - Ad

Massive gold shipments are quietly moving from London to the U.S.--no headlines, no explanations. Could a full-scale audit or a new gold-backed system be coming? Smart money isn't waiting. My gold strategy is already doubling physical gold's returns this year.

Meet the federal worker who went rogue: I hope that it lights a fire under people

NEW YORK (AP) — To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucrats. But to some of her colleagues, she is giving a voice to those who feel they can't speak out.

Warren Buffett on Debt and Donald Trump's Money Moves: Trump 'Never Went Right'

In a piece of advice that continues to hold relevance, investor Warren Buffett once warned students about the perils of excessive borrowing, citing Donald Trump as a case in point.

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

TSMC Rides AI Wave: Sales Surge 39% In First 2 Months Of 2025 On Higher Demand

Taiwan Semiconductor Mfg. Co. Ltd. reported a 39.2% jump in its two-month revenue for January and February in 2025 as compared to last year.

Microsoft Dodges UK Competition Crackdown Over OpenAI Deal, Watchdog Director Says Partnership Doesn't Get 'A Clean Bill Of Health'

Microsoft's $13 billion investment in OpenAI has escaped a formal merger investigation by the U.K.'s Competition and Markets Authority (CMA), but regulators warn that the partnership still raises potential competition concerns.

The "Second Wave" of 2025 Crashes (Could Be Worst in Us History) - Ad

According to the man who predicted 2008, 2020, and 2022... A new wave of crashes are coming to the US stock market. But these will be different. The moment they hit, they could kick off the worst (and longest) financial crisis in American history.

Honduras holds primaries as voter frustration simmers over security and the economy

TEGUCIGALPA, Honduras (AP) — Voters in Honduras will select candidates from the three main parties Sunday to compete in November’s general election for the presidency in a country that remains deeply polarized, but skeptical of leaders from the left and right who have failed to deliver on improving security and the economy.

Ford shows off a treasure trove of rarely seen vehicles to a select few at its Michigan headquarters

DEARBORN, Mich. (AP) — A select few are getting the chance to set their gaze on a slew of rarely seen Ford vehicles at the automaker's Michigan headquarters.

Millionaire Trader: "My No. 1 Stock of the Decade" (Revealed Free) - Ad

The stock revealed right here just may be millionaire trader Jeff Clark's favorite stock ever. Because this one stock alone has been responsible for some of the biggest gains he's ever handed my readers... 195% in under a month... 85% in 14 days... 176% in 5 weeks... 120% in under 3 months... 55% in two days... 138% in 8 days... And even 222% in 8 days.

A river 'died' overnight in Zambia after an acidic waste spill at a Chinese-owned mine

KITWE, Zambia (AP) — Authorities and environmentalists fear the long-term impact of an acid spill at a mine that contaminated a major river and could potentially affect millions of people after signs of pollution were detected at least 100 kilometers (60 miles) downstream.

Here's what tariffs are and how they work

WASHINGTON (AP) — Tariffs are in the news at the moment. Here's what they are and what you need to know about them:

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

What's Going On With Gap Stock Friday?

Gap stock is trading higher on Friday after the company reported fourth-quarter earnings on Thursday after the market closed.

US inflation may have slowed slightly last month but tariffs threaten reversal

WASHINGTON (AP) — U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump's are widely expected to keep prices elevated in the coming months.

Are you owed an extra $2,105 a month in extra cash? - Ad

A little-known "loophole" has allowed a handful of regular Americans to legally collect over $109,200,000 in bonus cash. And today's your chance to join them. It doesn't matter how old you are or even how much money you make. And my research shows there's no way you can be denied from taking part in this opportunity.

Chuck Schumer Blames GOP For 'Partisan Path' As Shutdown Nears - Republicans Say 'Democrats' Fault' If Government Closes

Congressional leaders exchanged sharp criticisms Wednesday as the federal government faces a potential shutdown within days, highlighting the partisan divide over spending priorities and negotiation tactics.

China is ending its annual Congress with questions open over how to revive its slowing economy

BEIJING (AP) — China is wrapping up its biggest political event of the year on Tuesday leaving one question unanswered: How far will it go to try to revive economic growth in 2025?

13-Second Trump Video Could Trigger AI Shock - Ad

Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... Just released a video with this 13-second Trump clip about the current AI boom. Please, do NOT buy any AI stock before watching that clip. What President Trump said in that clip could have implications for this AI boom.

Cathie Wood-Led Ark Invest Roblox, Roku, UiPath As Markets Take A Dip

Ark Invest made significant trades on Friday, selling shares of RBLX, ROKU, PATH and buying shares of IBTA, PSNL, ABSI, and RXRX.

Trump has begun another trade war. Here's a timeline of how we got here

NEW YORK (AP) — Long-threatened from U.S. President have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty.

Claim the "No.1 Coin of 2025" Before March 24th - Ad

After spotting 44 different coins that have returned over 100%...Chris Rowe is now exposing the details behind the "Superpower Coin"... that's partnered with 19 of the largest companies from some of the world's largest superpower nations... A little-known 3-cent coin that is poised to outperform Bitcoin in 2025... starting on March 24th.

Tesla Out, Ford In: City Of Baltimore Goes 'In A Different Direction' Reversing EV Deal From 2024

Tesla is losing an EV city fleet deal in Baltimore to Ford. A look at what happened and how politics may have factored into the decision.

Major retailers tamper expectations for 2025 as Americans slow their spending

A pullback by American shoppers has led to more caution from national retailers about their sales potential in 2025, Abercrombie & Fitch on Wednesday becoming the latest.

Warning: China Launches AI Attack on America - Ad

China just launched what can only be described as an AI attack on America. And according to Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... President Trump is already planning a counter attack. And it's creating an incredible opportunity for you in this small group of AI stocks.

Oracle's Q3 Falls Short, But AI Demand Keep Long-Term Outlook Strong Say Analysts

Oracle shares are down after disappointing Q3 results. Analysts maintain ratings, but lower price targets and highlight strong AI growth.

The $240M AI Disruptor - Ad

This Nasdaq-listed company is redefining AI in the $124 billion smart glass market. From cockpit shading systems to energy-efficient building glass, their technology powers global leaders like Boeing, Mercedes-Benz, and National Geographic. Their projected $240M revenue from aerospace positions them as an AI-driven market disruptor you can't ignore.

Alibaba Unveils New AI Chip To Power China's Open-Source Tech Push, Challenge US Chip Giants

Alibaba's new processor, XuanTie C930, boosts China's semiconductor industry by promoting open-source chips & AI acceleration, amid US sanctions.

Apple's AR Glasses Approach Aside, Google Makes Its Move On Eye-Tracking Tech With $115 Million AdHawk Acquisition: Report

As Apple reportedly reconsiders its AR glasses strategy, Google is moving forward with a $115 million acquisition of eye-tracking startup AdHawk to bolster its next-gen smart glasses efforts.

Wall Street Pioneer's AI Warning: "I thought we had more time..." - Ad

A radical new AI development is about to blindside millions of Americans. This early pioneer just issued an urgent warning explaining everything.

Family Offices Embrace Alternative Investment Funds To Protect Wealth In 2025

Family offices are increasingly investing in AIFs to diversify risk and protect wealth in volatile markets. Advisors should focus on expertise and customization to meet this demand.

AI + Smart Glass = A Nasdaq Sleeper - Ad

This recent Nasdaq IPO is quietly making waves, thanks to its 95% market share in a $240M aerospace niche. With patented technology that integrates AI into smart glass, this company is poised for massive growth as the market races toward $124 billion by 2029.

DOGE Cuts To FTC Sow Confusion In Case Against Amazon

FTC attorney tells U.S. District Judge that the agency is facing a "dire resource situation." He then walked back the comments.

Argentine retirees and soccer fans clash with police during protests against austerity measures

BUENOS AIRES, Argentina (AP) — Argentine retirees and fans of several soccer teams clashed with police Wednesday during a protest in front of Congress in the capital, Buenos Aires, against the economic policies implemented by the government of .

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service