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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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Sep 17, 2026 / Tyler Durden
DOJ Sues San Jose, Alleging $1,600 Firearm Fee Is Unconstitutional
DOJ Sues San Jose, Alleging $1,600 Firearm Fee Is Unconstitutional
Authored by Naveen Athrappully via The Epoch Times,
The Department of Justice filed a lawsuit against the City of San Jose, California, alleging that its nearly $1,600 firearm licensing fee infringes the Second Amendment right to carry firearms for self-defense. The fee has risen by about $300 over three fiscal years to $1,591.
"San Jose is a national outlier when it comes to burdening the exercise of fundamental rights. Its fees are abusive and violate the Second Amendment," the Department of Justice...
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Feb 27, 2026 / Joshua Mawhorter
Massachusetts 1690: The First Western Fiat Experiment
When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.
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Jul 31, 2026 / Tyler Durden
Wheat Prices March Higher As Intensifying Black Sea Fighting Fuels Food Security Fears
Wheat Prices March Higher As Intensifying Black Sea Fighting Fuels Food Security Fears
Wheat futures are climbing after Ukraine's Black Sea ports came under renewed Russian fire, with three dry-cargo ships struck in recent days.
The attacks threaten grain exports from one of the world's most important agricultural regions, heightening concerns among UN officials that supply disruptions could reignite global food inflation.
Bloomberg reports:
A ship was damaged at Pivdennyi port and two more were hit near Odesa, according to a Defense Ministry post on Telegram. Earlier Thursday, Ukraine attacked the Russian Black...
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