Recession Signal As Consumers Struggle To Pay Bills

Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower AI-related stocks are sliding late in the New York cash session after Bloomberg News reported that Oracle and OpenAI have scrapped plans to expand the Stargate AI data center in Abilene, Texas, from about 1.2 GW to 2.0 GW. Sources said the expansion was canceled after talks stalled over financing issues and OpenAI's changing demand forecasts. However, the collapse of the Oracle-OpenAI plans has opened the door for Meta, which is now in talks to lease the...

Iranian state media reported speaking with officials who said Tehran has rejected a 15-point peace proposal to end the war in the Middle East. On Monday, President Donald Trump said the US talks with Iran were progressing, and Washington sent Tehran a peace proposal via Pakistan.  On Saturday, Trump gave Iran a 48-hour deadline to […]