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Quantum Stocks Erupt As U.S. Gov't Awards $2 Billion, Takes Equity Stakes
Quantum Stocks Erupt As U.S. Gov't Awards $2 Billion, Takes Equity Stakes
IBM and small-cap quantum names, including IonQ, D-Wave Quantum, Rigetti Computing, Infleqtion, and other peers, are surging in New York premarket trading after a Wall Street Journal report said the Trump administration is preparing to award $2 billion in CHIPS Act grants to nine quantum-computing companies.
IBM is set to receive half of the $2 billion tranche, or about $1 billion, as the large-cap leader in the race to build quantum computing systems that could revolutionize national security, accelerate...
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Jul 31, 2026 / Tyler Durden
European Nations To Boycott Soccer World Cup Over New FIFA Proposals
European Nations To Boycott Soccer World Cup Over New FIFA Proposals
Authored by Rachel Roberts via The Epoch Times,
Europe’s governing soccer body, the Union of European Football Associations (UEFA), has said its 55 members have unanimously voted to boycott the World Cup in protest of FIFA’s plans to sell stakes to external investors, saying that the sport’s biggest competition is “not for sale.”
FIFA, the sport’s worldwide governing body headed by Gianni Infantino, announced plans on July 28 to create a $20 billion subsidiary to run the World Cup and other...
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May 20, 2026 / Dave DeCamp
Trump Administration Indicts Cuba’s Former President, Setting Up Pretext for War
The US Justice Department on Wednesday unsealed an indictment for 94-year-old Raul Castro, Cuba’s former president and brother of long-time leader Fidel Castro, a move clearly aimed at providing a pretext for the US to attack the island nation. The indictment is related to the 1996 shoot-down of two planes belonging to the Brothers to […]
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Feb 27, 2026 / Tyler Durden
Surging Services Costs Spark Unexpected Surge In US Producer Prices In January
Surging Services Costs Spark Unexpected Surge In US Producer Prices In January
US Producer Prices came in hotter than expected in January, with the headline PPI rising 0.5% MoM (vs +0.3% exp), higher than the revised +0.4% MoM in December. This left Producer Prices up 2.9% YoY (hotter than expected but below December's +3.0%)...
Source: Bloomberg
Under the hood, we see a surge in Services costs (not tariff related) dominated the rise in PPI (while Energy saw deflation)
Final demand services: The index for final demand services advanced 0.8% in January, the largest...
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