What Is Nvidia's New $1 Trillion Superproject?

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

Florida jury finds Chiquita Brands liable for Colombia deaths, must pay $38.3M to family members

CURT ANDERSON
June 11, 2024

Banana giant Chiquita Brands must pay $38.3 million to 16 family members of people killed during Colombia's long civil war by a violent right-wing paramilitary group funded by the company, a federal jury in Florida decided.

The verdict Monday by a jury in West Palm Beach marks the first time the company has been found liable in any of multiple similar lawsuits pending elsewhere in U.S. courts, lawyers for the plaintiffs said. It also marks a rare finding that blames a private U.S. company for human rights abuses in other countries.

"This verdict sends a powerful message to corporations everywhere: profiting from human rights abuses will not go unpunished. These families, victimized by armed groups and corporations, asserted their power and prevailed in the judicial process," Marco Simons, EarthRights International General Counsel and one plaintiff's lawyer, said in a news release.

"The situation in Colombia was tragic for so many," Chiquita, whose banana operations are based in Florida, said in a statement after the verdict. "However, that does not change our belief that there is no legal basis for these claims."

According to court documents, Chiquita paid the United Self-Defense Forces of Columbia -- known by its Spanish acronym AUC -- about $1.7 million between 1997 and 2004. The AUC is blamed for the killings of thousands of people during those years.

Chiquita has insisted that its Colombia subsidiary, Banadex, only made the payments out of fear that AUC would harm its employees and operations, court records show.

The verdict followed a six-week trial and two days of deliberations. The EarthRights case was originally filed in July 2007 and was combined with several other lawsuits.

"Our clients risked their lives to come forward to hold Chiquita to account, putting their faith in the United States justice system. I am very grateful to the jury for the time and care they took to evaluate the evidence," said Agnieszka Fryszman, another attorney in the case. "The verdict does not bring back the husbands and sons who were killed, but it sets the record straight and places accountability for funding terrorism where it belongs: at Chiquita's doorstep."

In 2007, Chiquita pleaded guilty to a U.S. criminal charge of engaging in transactions with a foreign terrorist organization -- the AUC was designated such a group by the State Department in 2001 -- and agreed to pay a $25 million fine. The company was also required to implement a compliance and ethics program, according to the Justice Department.

Continue Reading...

Popular
Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Senator Tommy Tuberville disclosed numerous stock trades on Friday June 14. A look at some of the key highlights.

Putin's Daughters Enter The Limelight As Russian President Considers His Legacy: 'Young Daughters Represent Vitality For Him'

Putin's Daughters Enter The Limelight As Russian President Considers His Legacy: 'Young Daughters Represent Vitality For Him'

Vladimir Putin's daughters are making public appearances as the Russian president contemplates his legacy.

What President Biden's New Law Means for Investors - Ad

President Biden just signed a new law approving billions of dollars for one small but growing industry, and investors like Bill Gates and Peter Thiel are all over it. This expert just went public with all the details, including which stocks to jump on immediately.

Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

Apple has announced a suite of AI-powered features for iPhones, calling it Apple Intelligence. However, these features will be limited to select iPhones.

Donald Trump Ally Kari Lake Sparks Controversy With Speech In Front Of Confederate Flag: 'They Stole Our Government'

Donald Trump Ally Kari Lake Sparks Controversy With Speech In Front Of Confederate Flag: 'They Stole Our Government'

Republican Senate candidate Kari Lake sparks controversy by speaking in front of a Confederate flag, echoing debunked election fraud claims.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Dogecoin Trader Who Made $250K Spends It All On Donations, Drugs, Concerts, Tattoos...And Takes Her Last $4K To Buy More

Dogecoin Trader Who Made $250K Spends It All On Donations, Drugs, Concerts, Tattoos...And Takes Her Last $4K To Buy More

A pseudonymous cryptocurrency trader shared a cautionary tale about the dangers of sudden wealth from cryptocurrency and meme coin trading.

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is urging shareholders to cast their votes on their shares by offering them an opportunity to win a personal tour of the company's Texas facility.

Ex-CIA Insider Exposes How Dems Could Rig the Election - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

The fizz is gone: Atlanta's former Coca-Cola museum demolished for parking lot

The fizz is gone: Atlanta's former Coca-Cola museum demolished for parking lot

ATLANTA (AP) — Once a shrine to the world's most popular soft drink, the building that housed the original World of Coca-Cola is going flat at the hands of Georgia's state government.

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norway's sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk's hefty CEO compensation package during Tesla's annual meeting on Thursday.

Google CEO: This Is likely Bigger Than Electricity - Ad

Electricity reshaped the economy, creating the FAANG stocks and boosting GDP by over 4,900%. AI is going to do it again.

Biden Administration Tightens Vehicle Fuel Mile Limits To Boost Electric Vehicle Market

Biden Administration Tightens Vehicle Fuel Mile Limits To Boost Electric Vehicle Market

The Biden administration has stiffened vehicle fuel mile standards as part of its plan to have emissions-free electric vehicles dominate America's automobile sector.

Kim Jong Un's Sister Warns Of 'New Counteraction' Against South Korea Over Loudspeaker Broadcasts And Leaflets

Kim Jong Un's Sister Warns Of 'New Counteraction' Against South Korea Over Loudspeaker Broadcasts And Leaflets

The influential sister of North Korean leader Kim Jong Un, Kim Yo Jong, has issued a stern warning to South Korea regarding the resumption of loudspeaker broadcasts and leaflet distribution.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Wall Street Holds Breath After Record Close For Fed Decision, CPI Data: Why This Analyst Sees Positive Inflation Trends Ahead

Wall Street Holds Breath After Record Close For Fed Decision, CPI Data: Why This Analyst Sees Positive Inflation Trends Ahead

U.S. stock futures point to a weak start on Tuesday, signaling a pause after Monday’s record run. Global cues are negative and commodity prices weakened as well.

Putin in Vietnam, seeking to strengthen ties in Southeast Asia while Russia's isolation deepens

Putin in Vietnam, seeking to strengthen ties in Southeast Asia while Russia's isolation deepens

HANOI, Vietnam (AP) — Russian President Vladimir Putin is seeking to strengthen ties with longtime partner Vietnam on a state visit Thursday that comes as Moscow faces growing international isolation because of its .

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

American investor Martin Shkreli accused of copying and sharing one-of-a-kind Wu-Tang Clan album

American investor Martin Shkreli accused of copying and sharing one-of-a-kind Wu-Tang Clan album

NEW YORK (AP) — American investor Martin Shkreli is facing a new lawsuit for allegedly retaining and sharing recordings from a one-of-a-kind Wu-Tang Clan album that he was forced to sell following his 2017 conviction on .

Trump's Niece Says Ex-President 'Not Somebody Who Should Go Anywhere Near Levers Of Power,' Slams Media Coverage Of His Vegas Rally

Trump's Niece Says Ex-President 'Not Somebody Who Should Go Anywhere Near Levers Of Power,' Slams Media Coverage Of His Vegas Rally

The media sees its role as translating Donald Trump to make him palatable to people, who aren't watching the rallies, said Mary Trump.

Don't Pay a Dime for Marc Lichtenfeld's Top AI Picks - Ad

Marc Lichtenfeld's has a brand-new "AI Income Playbook", absolutely FREE! Inside, you'll find Marc's favorite AI dividend stocks... Poised to profit from the fastest-growing technology in history... and pay you bigger and bigger cash dividends along the way! And it's all yours, free of charge.

Chrysler recalls more than 211,000 SUVs and pickup trucks due to software malfunction

Chrysler recalls more than 211,000 SUVs and pickup trucks due to software malfunction

NEW YORK (AP) — Stellantis-owned Chrysler is recalling more than 211,000 SUVs and pickup trucks in the U.S., due to a software malfunction that could disable the cars' electronic stability control systems.

Data Leak In Masayoshi Son's SoftBank-Backed Internet Company Causes Strain In Japan-South Korea Relations

Data Leak In Masayoshi Son's SoftBank-Backed Internet Company Causes Strain In Japan-South Korea Relations

The breaches were attributed to insecure systems at Seoul-based Naver, which co-owns the company.

America's 'Silent Invasion' - Is Your Town in the Crosshairs? - Ad

A silent invasion is happening all over America. It has nothing to do with the border but will end with even more disastrous results. Why? A faceless entity is coming by air, rail, port, and highway. What does it mean for you and your money? There's still time to prepare, but you must act today.

Apple Intelligence To Be Limited To iPhone, iPad and Macs And Won't Make Its Way To Watch, TV And Vision Pro

Apple Intelligence To Be Limited To iPhone, iPad and Macs And Won't Make Its Way To Watch, TV And Vision Pro

Apple announced its new AI initiative, Apple Intelligence, at WWDC 2024, but it will initially be available only on iOS 18, iPadOS 18, and macOS Sequoia, excluding tvOS, watchOS, and visionOS platforms.

Drake Stares Down Potential $1M Bitcoin Loss Amid NHL, NBA Bet Disappointments

Drake Stares Down Potential $1M Bitcoin Loss Amid NHL, NBA Bet Disappointments

Canadian musician Drake is on the brink of a significant financial loss as his bets on the NHL and NBA finals could cost him $1 million worth of Bitcoin (CRYPTO: BTC).

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Germany hosts recovery conference for Ukraine before a peace summit in Switzerland

Germany hosts recovery conference for Ukraine before a peace summit in Switzerland

BERLIN (AP) — Germany is hosting a conference on Tuesday to gather support for Ukraine's recovery from the , sending a new signal of solidarity with Kyiv at the start of a week of intense diplomacy.

XPeng's Mona Sub-Brand Following NIO's Onvo? Launches Debut Model M03 Powered By BYD Batteries

XPeng's Mona Sub-Brand Following NIO's Onvo? Launches Debut Model M03 Powered By BYD Batteries

XPeng's Mona sub-brand launches Xpeng M03, equipped with BYD batteries, potentially mirroring NIO's Onvo strategy.

Your Second Chance to Profit from AI - Ad

If you missed out on Nvidia, don't worry. A 244-year-old pattern is about to trigger a $25.6 trillion AI surge... And send three overlooked stocks soaring 1,000%+

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to on China-made electric vehicles.

Bankruptcy judge approves sale of Express Inc to group led by WHP Global

Bankruptcy judge approves sale of Express Inc to group led by WHP Global

NEW YORK (AP) — A U.S. bankruptcy judge has approved the sale of the majority of 's operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores.

The Tiny Tech Disrupting the $28.4B Hospital Infection Epidemic - Ad

Hospital-acquired infections are a silent killer, but one small company's nanotechnology could put an end to this costly crisis. Their proactive approach is turning heads in the healthcare industry.

Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses

Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses

NEW YORK (AP) — Thousands of delivery drivers filed legal claims against on Tuesday, alleging the company’s classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses.

Biden, Trump Should Both Drop Out Of 2024 Election, Leading Pollster Says: 'Country Would Be Better Served'

Biden, Trump Should Both Drop Out Of 2024 Election, Leading Pollster Says: 'Country Would Be Better Served'

Leading pollster Nate Silver suggests that Joe Biden should drop out of the 2024 presidential election.

Elon Musk's Crazy New Experiment...REVEALED - Ad

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

What's Going On With BioRestorative Therapies Stock?

What's Going On With BioRestorative Therapies Stock?

BioRestorative Therapies shares are trading higher Monday after the company announced it has received notice from the Nasdaq Stock Market that it has regained compliance with listing requirements.

Washington Provides Tax Break For Medical Cannabis Users, But Is It Enough?

Washington Provides Tax Break For Medical Cannabis Users, But Is It Enough?

Washington Provides Tax Break For Medical Cannabis, But Is It Enough to help medical cannabis users and improve competitive position?

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Inflation data this week could help determine Fed's timetable for rate cuts

Inflation data this week could help determine Fed's timetable for rate cuts

WASHINGTON (AP) — After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful this year — a prelude to eventual interest rate cuts.

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 smartmoneytrading.net
Privacy Policy | Terms of Service