Since Fidel Castro came to power 50 years ago, Cuba has remained one of the most isolated countries in the world. The state government controlled the media, and internet usage was limited to slow expensive, public wifi hotspots. But that’s slowly changing as President Obama and Cuban President Raul Castro have been making overtures towards warmer relations. Now, Google is utilizing that warming relationship and has signed a deal with Cuba’s state-run internet service provider. What does this mean for the Cuban people? What can the world expect next from Google as a result of the deal?

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FED HIKES INTEREST RATES BY 0.25 PERCENT FOR FIRST TIME THIS YEAR; MORE IN 2017

The Fed hiked rates for the second time in a decade at the close of its two-day meeting on Wednesday, encouraged by signs of an improving economy and labor market. As was widely expected, the Federal Reserve’s Open Market Committee said it would bump up its benchmark interest rate by 25 basis points to between 0.50% and 0.75%. The decision was unanimous..

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YAHOO REVEALS NEW, SEPARATE SECURITY BREACH IMPACTING 1 BILLION ACCOUNTS

Yahoo said on Wednesday that it has identified a new breach that occurred in August 2013 and involved data associated with more than one billion user accounts, double the number affected in a different breach disclosed in September.

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Closing Bell

– Wednesday, December 14th

Markets Lower in Response to Fed’s Rate Hike

Big Insider Trades

– Roper Technologies, Inc. (SHAK) CEO Brian Jellison Sells $20m

– TransDigm Group, Inc. (TDG) Director Robert Small Buys $2m