Seagate, Western Digital Crater After Toshiba Breaks Hard-Drive "Supply Discipline" Pact

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...

Forget Reminding Young People About 'Boat People': South America's Rejection Of Socialism Is Happening In Real Time Andy Laperriere, Piper Sandler's head of US policy research in Washington, wrote in a note on Thursday that explained both parties are moving left on economic policy as populist measures gain support across the political spectrum. His big-picture view is that "hard-left and socialist candidates" are damaging the Democratic brand primarily through deeply unpopular positions on open borders, defunding the police, and transgender politics. In effect, the party's socialist class is willing to...