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  • Announcing the end of what he called a "rigid" policy of isolation of Cuba that had been ineffective, Obama said the United States planned to move toward normal ties and would open an embassy in Cuba. Castro spoke in Cuba as Obama made his announcement on a policy shift made possible by the release of American Alan Gross, 65, who had been imprisoned in Cuba for five...

  • Cooperman: Good things come from ease on Cuba  Wednesday, 17 Dec 2014 | 12:34 PM ET

    Omega Advisors CEO Leon Cooperman, discusses his recent visit to Cuba, after President Obama announced a major move in policy regarding imports from Cuba to the U.S.

  • Herzfeld Caribbean spikes on Cuba change  Wednesday, 17 Dec 2014 | 12:30 PM ET

    Tom Herzfeld, Herzfeld Advisors chairman, says the small step towards ending the embargo between U.S. and Cuba could be one of President Obama's greatest achievements.

  • Obama-Castro: Has 'the fever' broken? Wednesday, 17 Dec 2014 | 12:27 PM ET
    Calle Ocho in Little Havana, Miami.

    Obama's move to normalize relations with Havana is raising the promise in South Florida that it will finally open up Cuba's economy.

  • Cuba-US talks to boost travel?  Wednesday, 17 Dec 2014 | 12:22 PM ET

    Insight to the business impact once the U.S. eases travel restrictions with imports from Cuba, with CNBC's Michelle Caruso-Cabrera.

  • Cuba's Castro talks US policy change  Wednesday, 17 Dec 2014 | 12:18 PM ET

    Cuba's Raúl Castro addressed the people of Cuba, regarding new policies with the United States.

  • President Obama announced new policies regarding U.S. relations with Cuba. CNBC's John Harwood provides insight to Obama's remarks.

  • Cubans cheer historic renewal of US relations Wednesday, 17 Dec 2014 | 12:13 PM ET

    HAVANA— Bells tolled in celebration and teachers halted lessons midday as President Raul Castro told his country Wednesday that Cuba was restoring relations with the United States after more than a half-century of hostility. President Barack Obama in Washington. Guillermo Delgado, a 72- year-old retiree, welcomed the announcement as "a victory for Cuba...

  • US travel industry carefully eyeing Cuba tourism Wednesday, 17 Dec 2014 | 12:11 PM ET

    NEW YORK— Cuba was once a haven for sun-seeking American tourists. President Barack Obama's announcement Wednesday of plans to re-establish diplomatic ties with Cuba doesn't suddenly lift the ban on U.S. tourism. "Cuba is the largest country in the Caribbean, so there's some exciting possibilities," said Roger Frizzell, spokesman for Carnival Corp. He said "some...

  • President Obama's Cuba strategy  Wednesday, 17 Dec 2014 | 12:06 PM ET

    President Obama outlines his strategy to reestablish U.S. and Cuba diplomatic relations. The United States will reopen an embassy in the capital of Havana.

  • Cuban govt. releases Alan Gross to US  Wednesday, 17 Dec 2014 | 12:05 PM ET

    President Obama announces the end of the wrongful imprisonment of Alan Gross in Cuba for 5 years.

  • FACTBOX-How Obama will relax U.S. Cuba policy Wednesday, 17 Dec 2014 | 12:03 PM ET

    Dec 17- President Barack Obama moved on Wednesday to normalize diplomatic relations with Cuba, a shift the White House said was needed because the long-standing U.S. embargo against the communist-ruled island has failed to promote democracy and has hurt the Cuban people. *U.S. officials will discuss maritime boundaries with Cuba and Mexico in the Gulf of...

  • President Obama addresses the relationship between Cuba and the United States, and outlines the eased policies with Cuba.

  • White House fact sheet on change in Cuba policy Wednesday, 17 Dec 2014 | 12:00 PM ET

    Today, the United States is taking historic steps to chart a new course in our relations with Cuba and to further engage and empower the Cuban people. It is clear that decades of U.S. isolation of Cuba have failed to accomplish our enduring objective of promoting the emergence of a democratic, prosperous, and stable Cuba. At times, longstanding U.S. policy towards...

  • Visa, MasterCard & Cuba  Wednesday, 17 Dec 2014 | 11:54 AM ET

    Gil Luria Wedbush Securities, discusses the potential boost credit card companies like Visa and MasterCard may get from card usage in the Cuban region.

  • Cuba no plan for democracy & free markets: Expert  Wednesday, 17 Dec 2014 | 11:42 AM ET

    Jose Azel, University of Miami research associate, weighs in on the Obama administration's move to ease relations with Cuba and potentially lift its embargo.

  • HAVANA/ WASHINGTON, Dec 17- President Barack Obama was set to announce that the United States and Cuba are moving to normalize diplomatic relations more than 50 years after they were severed, the biggest U.S. policy shift in decades of hostile ties with the island. Previewing his announcement, U.S. officials said the United States and Cuba would move to open...

  • Why Cuba wants embargo lifted  Wednesday, 17 Dec 2014 | 11:04 AM ET

    Senator Marco Rubio, (R-Fla), explains why he is still for the embargo in Cuba. "Cuba is not just a dictatorship, it is a serial human rights violating government," Rubio says.

  • US to open embassy in Havana: Report  Wednesday, 17 Dec 2014 | 11:02 AM ET

    President Obama has decided to establish diplomatic relations with Cuba and open an embassy in Havana, reports CNBC's John Harwood.

  • Sen. Rubio: US ensuring permanence of Castro's regime  Wednesday, 17 Dec 2014 | 11:02 AM ET

    "Cuba has done nothing to advance democracy," says Senator Marco Rubio, (R-Fla), discussing President Obama's negotiations with Cuba and plans to ease policy.