Cuba Joins BRICS: A Lifeline for Its Economy and a Challenge to Trump

PatriotR Daily News 01/31/25

WORLD NEWS

Cuba Joins BRICS: A Lifeline for Its Economy and a Challenge to Trump

Cuba’s integration into BRICS offers a crucial economic lifeline as U.S. sanctions and Trump’s policies seek to isolate the island. The BRICS nations—led by China, Russia, and Brazil—are expanding their influence, challenging Western dominance through trade, financial independence from the U.S. dollar, and large-scale development projects.

With BRICS’ support, Cuba could bypass economic restrictions by partnering with China and India in key industries like medical research, logistics, and infrastructure, including the modernization of the Mariel port. The alliance also provides an alternative to dollar-based transactions, easing economic strain.

As global power shifts away from Western control, Cuba’s BRICS membership represents both a survival strategy and a symbol of emerging multipolarity, undermining U.S. efforts to strangle its economy. Read More.

FINANCIAL NEWS

DeepSeek Uncovers a Major Threat to the Stock Market

DeepSeek’s surprise AI breakthrough has rattled the stock market, exposing the risks of over-concentration in megacap tech stocks. Nvidia, long a leader in AI infrastructure, saw its market value plunge by $588.8 billion in a single day—the largest drop in history—after DeepSeek unveiled a cost-effective AI model that sparked fears of overspending in the U.S. AI sector.

Jason Thomas of Carlyle warns that stocks like Nvidia, Amazon, and Microsoft are priced for perfection, making them vulnerable when expectations aren't met. The rapid rise of DeepSeek highlights the fragility of overvalued AI stocks, reinforcing the need for investors to be cautious. While some analysts see the sell-off as overblown, others stress the growing macroeconomic risks tied to AI-driven market dominance. Read More.

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