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US Invests $2B in Quantum Computing, IBM Among Key Beneficiaries, June 14
U.S. government invests $2 billion in quantum computing firms including IBM, taking ownership stakes to advance strategic technology.
West Marine Closes 59 Stores After Chapter 11 Filing, June 13
West Marine closes 59 stores in Chapter 11 bankruptcy as consumer spending weakens and outdoor retail faces headwinds.
Rapidus Partners With UK and Italy on Chip Development, June 14
Rapidus partners with UK and Italian institutions on semiconductor development, backed by Japan for economic security and European market expansion.
Ontario Secures 640 MW Battery Storage at Record-Low Cost, June 13
Ontario secures 640 MW battery storage at lowest cost in history. Three projects will power 640,000 homes by May 2030.
SPX Technologies Beats Q1 Earnings as Data Center Cooling Demand Surges
SPX Technologies beats Q1 earnings with $566.8M revenue and raises guidance on 70% data center cooling growth.
Carl’s Jr. Franchisee Closes 10 Restaurants, Sells 49 After Bankruptcy, June 13
Carl’s Jr. franchisee files Chapter 11 bankruptcy, plans to close 10 locations and sell 49 others in California amid rising labor costs.
Coffee Connexion Alfredo Sauce Recalled in 41 States Over Salmonella, June 12
Coffee Connexion recalls 913 cases of Alfredo sauce in 41 states due to salmonella contamination via Aramark food service.
SpaceX Stock Surges 19% on Record $75B IPO Debut, June 12
SpaceX IPO raised $75B at $135/share, opening at $150 and closing at $161.11. Company valued at $2.1 trillion, sixth-largest US company.
Cash App Enters Telecom Space with $40 Unlimited Phone Plan on AT&T Network Targeting Young Users
Cash App is making a major move beyond digital payments and personal finance by launching a new wireless phone service. The company has introduced a $40 per month unlimited phone plan that operates on the AT&T network, marking its entry into the highly competitive telecommunications market. The launch represents one of the biggest expansions in…