Wall Street | Scotts 2 Cents

Oracle Wants New Mexico’s Water for a $165 Billion Data Center. It Just Made Sure Nobody Can Blame It If It Doesn’t Get There.

Oracle is building a $165 billion AI data center in the New Mexico desert. This week it sent out a legal notice covering itself in case that never actually happens. The project is called Project Jupiter, Oracle’s piece of the Stargate buildout with OpenAI and SoftBank. The plan is 2.45 gigawatts of power coming online …

The Fed Quietly Sent Wall Street $420 Billion. Nobody’s Allowed to Call It a Bailout.

Nobody at the Federal Reserve wants to use the word “bailout.” So they didn’t. Since last fall, the New York Fed has pumped more than $420 billion into Wall Street through repo operations — short-term loans where banks hand over Treasury bills as collateral and walk away with cash. The Fed used to cap this …