"This week's biggest business news is perhaps that the U.S. federal government shutdown finally ended; however, that ending didn't come without more than a few noteworthy concessions. Meanwhile, a beloved coffee chain walked straight into a strike on one of its biggest promo days, and a regional grocer found a way to turn literal loose change into both PR and foot traffic."
"In the background, the tech world reminded everyone that hype cycles come with fine print. CoreWeave, one of the hottest names in AI infrastructure, delivered blockbuster revenue but still saw its stock sink on news of a delayed data center. IBM, facing louder rivals in quantum computing, rolled out new chips and a faster manufacturing plan to reassure customers it is still a contender."
The U.S. federal government shutdown ended after lawmakers accepted notable concessions. Marriott abruptly terminated its licensing deal with Sonder, triggering Sonder's liquidation plans and leaving many employees and guests disrupted. A major coffee chain confronted a strike on a key promotion day, and a regional grocer converted loose change into increased PR and foot traffic. CoreWeave reported strong revenue but lost stock value after a delayed data center announcement. IBM introduced new chips and accelerated manufacturing to stay competitive in quantum computing. Google filed a lawsuit targeting alleged operators of phishing-as-a-service smishing campaigns.
Read at Fast Company
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