Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers

OpenAI Pauses U.K. Stargate Over "Regulation And Power Costs" OpenAI's broader Stargate push to build next-generation AI infrastructure in the UK has been put on hold, with the company citing regulatory conditions and high energy costs as major obstacles to long-term investment. That outcome is hardly surprising: Britain, like much of dying Europe, has layered on regulatory burdens, while years of backfiring 'green' energy policies have left power costs structurally elevated. It's a toxic mix for power-hungry AI data center buildouts. "We see huge potential for the UK's AI future,"...

The Pentagon is in talks on purchasing Ukrainian-made interceptors to counter Iranian drones, the Financial Times has reported, as senior US officials have told Congress that US forces in the Middle East are having more trouble intercepting Iran’s drones than expected. The report said that at least one Gulf country was also in talks on […]

Speaking with reporters on May 21, US Secretary of State Marco Rubio announced that Venezuelan President Delcy Rodriguez was on her way to New Delhi to discuss energy issues, and that he would be in India as well. “This is an important trip, I’m glad we’re able to do it,” Rubio chirped after explaining the […]