Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
Iceland has been named the world’s most peaceful country for 19 years. Here’s what sets it apart.

Iceland has been named the world’s most peaceful country for 19 years. Here’s what sets it apart.

July 15, 2026
Kevin O’Leary and Fox News sued over claims that data center critics had China ties

Kevin O’Leary and Fox News sued over claims that data center critics had China ties

July 15, 2026
What It Is and Why It’s So Popular

What It Is and Why It’s So Popular

July 15, 2026
I’m a composer and producer, and I wrote the theme song for the 2026 World Cup. I was blown away when it was chosen.

I’m a composer and producer, and I wrote the theme song for the 2026 World Cup. I was blown away when it was chosen.

July 15, 2026
Trump calls data centers ‘money machines’ and says New York is letting them slip away

Trump calls data centers ‘money machines’ and says New York is letting them slip away

July 15, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
July 15, 2026 9:07 pm EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home » Trump calls data centers ‘money machines’ and says New York is letting them slip away
Trump calls data centers ‘money machines’ and says New York is letting them slip away
Markets

Trump calls data centers ‘money machines’ and says New York is letting them slip away

News RoomBy News RoomJuly 15, 20260 ViewsNo Comments

President Donald Trump on Wednesday blasted New York’s new pause on AI data center development, arguing the state is turning away one of the biggest economic opportunities of the AI boom.

“One of the biggest Driving Forces in the Future for Jobs, are Data Centers,” Trump wrote on Truth Social, calling the facilities “Money Machines” and “Cash Cows” that generate jobs and tax revenue. He urged New York to reverse course “IMMEDIATELY,” arguing companies would instead build projects in states such as Texas, Arizona, Alabama, and Florida.

The President’s post comes a day after New York Gov. Kathy Hochul announced a one-year pause on new hyperscale data center permits while state regulators develop standards for the energy- and water-intensive facilities.

The move makes New York the first state to impose a statewide moratorium on large AI data centers.

Business Insider previously reported the decision rattled developers, who warned it could push billions of dollars in investment elsewhere.

Hochul has said the pause is intended to give the state time to address concerns over grid reliability, water use, and other environmental impacts while crafting a long-term framework for AI infrastructure.

Trump’s comments also land as data centers have become an increasingly contentious flash point across the country.

Business Insider has reported on local opposition that derailed projects in New Hampshire and on high-profile debates over whether communities should embrace AI infrastructure despite concerns about electricity demand, water use, and tax incentives.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Kevin O’Leary and Fox News sued over claims that data center critics had China ties

Kevin O’Leary and Fox News sued over claims that data center critics had China ties

The US Mint says it’s making a  coin with Trump’s face on it

The US Mint says it’s making a $1 coin with Trump’s face on it

Senators press top Justice Department officials on decision to subpoena New York Times reporters

Senators press top Justice Department officials on decision to subpoena New York Times reporters

Buffett excludes Gates Foundation from stock gifts, directs billions to family foundations

Buffett excludes Gates Foundation from stock gifts, directs billions to family foundations

The most eye-catching outfits Zendaya has worn, from sheer gowns to a dress with angel wings

The most eye-catching outfits Zendaya has worn, from sheer gowns to a dress with angel wings

Lucid denied bankruptcy rumors. Its make-or-break midsize EV is still a race against time.

Lucid denied bankruptcy rumors. Its make-or-break midsize EV is still a race against time.

The US military is striking Iran day and night in this new round of fighting

The US military is striking Iran day and night in this new round of fighting

Citi tech chief Tim Ryan explains why he won’t track employees’ every AI move

Citi tech chief Tim Ryan explains why he won’t track employees’ every AI move

Why 9 planes had to declare an emergency above one of Europe’s busiest airports

Why 9 planes had to declare an emergency above one of Europe’s busiest airports

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Kevin O’Leary and Fox News sued over claims that data center critics had China ties

Kevin O’Leary and Fox News sued over claims that data center critics had China ties

July 15, 2026
What It Is and Why It’s So Popular

What It Is and Why It’s So Popular

July 15, 2026
I’m a composer and producer, and I wrote the theme song for the 2026 World Cup. I was blown away when it was chosen.

I’m a composer and producer, and I wrote the theme song for the 2026 World Cup. I was blown away when it was chosen.

July 15, 2026
Trump calls data centers ‘money machines’ and says New York is letting them slip away

Trump calls data centers ‘money machines’ and says New York is letting them slip away

July 15, 2026
The CEO behind Megyn Kelly’s and Tucker Carlson’s podcasts says ‘clipping’ is a bad idea

The CEO behind Megyn Kelly’s and Tucker Carlson’s podcasts says ‘clipping’ is a bad idea

July 15, 2026

Latest News

The US Mint says it’s making a  coin with Trump’s face on it

The US Mint says it’s making a $1 coin with Trump’s face on it

July 15, 2026
Why the IRS Doesn’t Need to Audit You to Empty Your Bank Account

Why the IRS Doesn’t Need to Audit You to Empty Your Bank Account

July 15, 2026
Emergent’s CEO shares what he looks for in developers in the AI era

Emergent’s CEO shares what he looks for in developers in the AI era

July 15, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.