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Collateral Damage
Collateral Damage
By Molly Schwartz, Cross-ASset Macro Strategist at Rabobank
Negotiations between the US and Iran are going nowhere. In fact, they’re not really even happening at all. Over the weekend, Axios reported that Iran gave the US a proposal to reopen the Strait — not to end the war. The proposal includes extending the ceasefire and an assertion that any conversations about Iran’s nuclear program are off the table until the Strait is open and the US blockade is lifted. The US has not indicated whether it will accept or reject the...
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Mar 6, 2026 / Tyler Durden
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 15, 2026 / Dave DeCamp
Araghchi Says Iran Not Seeking a Ceasefire, Ready To Fight as Long as Necessary
Iranian Foreign Minister Abbas Araghchi on Sunday denied claims from President Trump that Tehran is seeking negotiations and a ceasefire with the US and said that Iran is ready to fight for as long as needed. “No, we never asked for a ceasefire, and we have never asked even for negotiation,” Araghchi told CBS News […]
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