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Nvidia Weighs $250 Billion Backstop For OpenAI's Gargantuan Ohio Data Center Campus

Nvidia Weighs $250 Billion Backstop For OpenAI's Gargantuan Ohio Data Center Campus Nvidia is in early talks to provide up to $250 billion in financing guarantees to help OpenAI lease computing capacity from a planned $500 billion, 10-gigawatt data center facility in Ohio, according to Bloomberg, citing people familiar with the matter. The proposed deal highlights investor concerns that the AI bubble has been fueled by circular financing. The SoftBank-led project is located in southern Ohio and, when fully built, would support 10 gigawatts of computing capacity, or roughly equivalent...
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Aug 6, 2026 / Tyler Durden
Hormuz Deal Shock: Iranian State Media Says US-Israeli Vessels Banned, Oil Surges
Hormuz Deal Shock: Iranian State Media Says US-Israeli Vessels Banned, Oil Surges Summary Iran parliament reviews draft Hormuz plan banning US- and Israel-linked vessels. Oil rises as proposed Strait restrictions raise supply concerns. Houthis intensify attacks on Saudi oil shipping in the Red Sea. Yemen fighting escalates amid reports of major casualties. Iran-Oman talks continue as US backs diplomatic solution, searches for offramp. US announces end of Iranian blockade by August 15, 2026? Yes 60% · No 40%View full market & trade on Polymarket Deal Details: US-Israeli vessels Banned from Hormuz (Fars) Iranian state media (Fars) has issued...
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May 22, 2026 / Tyler Durden
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market. Freddie Mac data released Thursday show the 30-year fixed mortgage rate for the week ending May 21 jumped to 6.51% from 6.36%, the highest rate since Aug. 28, 2025. Soaring mortgage rates stem from turmoil in the Gulf...
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Oct 25, 2026 / Jason Ditz
Three Shepherds Captured in Latest Israeli Operations in Southwest Syria
Israeli troops continued to operate across southwest Syria over the weekend, with multiple incursions reported against the Quneitra Governorate seemingly focused primarily on excavation and carving out the “Sufa 53 Line” that the IDF is imposing on the ground in the area. Israel has been keen on establishing a trench-line separating Syria from its own […]
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