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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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Feb 19, 2026 / Dave DeCamp
Israeli Settlers Kill 19-Year-Old Palestinian American in the West Bank
Jewish settlers in the West Bank killed a 19-year-old Palestinian American on Thursday as settler violence continues to surge in the Israeli-occupied territory. According to Haaretz, Nasrallah Abu Siam was shot during a settler attack on the village of Mukhmas in the central West Bank, and he later succumbed to his wounds. Two other Palestinians […]
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Mar 24, 2026 / Tyler Durden
Amazon Data Centers "Disrupted" Across Bahrain After Drone Activity
Amazon Data Centers "Disrupted" Across Bahrain After Drone Activity Brent crude futures are back in triple-digit territory as fighting in the Middle East continued overnight, even as President Trump claimed that talks are underway with Iran to resolve the conflict, which has now entered its fourth week. Overnight, the Amazon Web Services in the Bahrain region was severely "disrupted," according to Reuters, citing an Amazon spokesperson, following drone activity in the area. The spokesperson would not confirm whether Iranian drones struck any data centers. "As this situation evolves and, as we have...
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Apr 7, 2026 / Tyler Durden
As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher
As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher California - which spends nearly 40% of taxpayer revenue ($95.5 billion, not including federal funds) on social services that's rife with  fraud - and which spends roughly 25% of its $95.5 billion Medi-Cal budget (free healthcare) on illegal immigrants, is in the midst of a massive population exodus due to housing affordability, crime, taxes, wildfires, parental rights, and homelessness.  And while San Francisco and Los Angeles compete for the biggest cesspool in the country, LA county just took the crown when it comes to population...
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