DHL CEO Warns Prolonged Energy Shock Could Push Global Economy To "Tipping Point"

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...

On this episode of Power and Market, we feel compelled to discuss this week's State of the Union speech.

Putin Winning, Ukraine's Position Weakened, From Prolonged Iran War: Zelensky Ukrainian President Volodymyr Zelensky has warned that a prolonged Iran war will be a net win for Moscow - and a significant setback for Kyiv. Speaking to Axios, he said bluntly: "I am sure Russia wants long war. They have benefits: The US is focusing on the Middle East and may decrease military help to Ukraine. Further he highlighted that "Sanctions are partially lifted" on Russian energy and so "I see only benefits for Russia from the war with Iran continuing." Ukrainian...