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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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Mar 3, 2026 / Kyle Anzalone
Trump Says US Is Cutting All Trade With Spain After Madrid Denied US Access to Bases for Iran War
President Donald Trump blasted the UK and Spain for not assisting the US and Israel’s war against Iran. Trump said he ordered the Treasury to cut all dealings with Madrid. “Some of the European nations have been helpful, and some haven’t, and I’m very surprised,” Trump said during a press conference with German Chancellor Friedrich […]
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Feb 26, 2026 / Tyler Durden
US Demands Iran Dismantle Its 3 Main Nuclear Sites In Hours-Long Talks
US Demands Iran Dismantle Its 3 Main Nuclear Sites In Hours-Long Talks
US envoys Steve Witkoff and Jared Kushner held more than three hours of negotiations with Iranian Foreign Minister Abbas Araghchi in Geneva on Thursday in a push to secure a breakthrough on a nuclear deal, with the Omani foreign minister saying the talks will resume later after a pause.
It's being reported that the message Kushner and Witkoff deliver to Trump after the meeting will shape the president's decision on whether the launch a military attack on Tehran or refrain...
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Mar 1, 2026 / Kyle Anzalone
Anti-US Protesters Outside US Embassies, At Least 9 Killed in Pakistan
People have rallied and rioted outside American embassies across the globe. 22 people were killed in Pakistan. Several people attempted to storm the consulate in Karachi on Sunday morning. At least ten people were killed by gunfire while attempting to breach the diplomatic building. It is unclear if Pakistani security forces or American troops opened […]
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