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Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower
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...
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Apr 23, 2026 / Dave DeCamp
Trump Continues Yemen Drone War With Virtually No Media Attention
Since starting his second term in January 2025, President Trump has continued a drone war in Yemen that has gone unnoticed in the US, according to a report from the Yemen Data Project (YDP). From January 2025 to March 2026, the YDP found 21 reports of US drone strikes in Yemen through an investigation of […]
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Feb 20, 2026 / Kevin Duffy
The GDP Illusion: Surging Statistics Hide Pain for Average Americans
True prosperity cannot be measured by aggregate spending totals prone to manipulation and malinvestment, but by private-sector health, wage gains across income levels, and genuine productive investment.
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May 13, 2026 / Tyler Durden
Trump Says 'Open Up China' Before Landing In Beijing For Pomp-Filled Red Carpet Airport Welcome
Trump Says 'Open Up China' Before Landing In Beijing For Pomp-Filled Red Carpet Airport Welcome
President Trump and his Air Force One entourage have arrived in Beijing on Wednesday, greeted by a lavish red carpet welcome. The American president was received by Chinese Vice President Han Zheng, China’s ambassador to Washington Xie Feng, Executive Vice Foreign Minister Ma Zhaoxuong, and US envoy to Beijing David Perdue.
Reports describe the extravagant welcoming ceremony as made up of a military honor guard and band, as well as about 300 Chinese youths waving alternating...
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