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Here Come The Cancellations: Brookfield-Backed Compass Pulls Out From Major Northern Virginia Data Center Project
Here Come The Cancellations: Brookfield-Backed Compass Pulls Out From Major Northern Virginia Data Center Project
Compass Datacenters has decided to withdraw from its plan to develop a major data-center corridor in Northern Virginia after spending years pursuing approvals and investing tens of millions of dollars, according to Bloomberg.
The company ultimately concluded the project wasn’t feasible due to mounting legal challenges, stricter regulations, and weakening political support, particularly around tax incentives.
This move highlights a broader shift in how communities and policymakers are responding to data-center projects. Local residents have increasingly raised...
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The moves came April 29, eight days after a federal grand jury in Alabama indicted the SPLC on 11 counts of wire fraud, false statements to a bank, and conspiracy to commit money laundering. Prosecutors allege that between 2014 and 2023 the group secretly funneled more than $3 million in donor funds to individuals affiliated...
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Futures Fall As Iran Talks Remain In Limbo, More Ships Intercepted
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US equity futures are lower, but rapidly rising and now at premarket highs after a CCTV report that talks between Iran and the US in Pakistan may see a breakthrough "tonight or tomorrow"; still the optimism of recent days is being tested, with peace talks in limbo, software concerns reemerging and the bond market flashing warning signals. As of 8:15am ET, S&P 500 futures and Nasdaq 100 contract both fell 0.1%, recovering almost all of their 0.8% overnight drop. Pre-market, Mag 7...
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