News

Jinse Finance reported, citing CNBC, that according to U.S. Department of Commerce officials, the U.S. government has not negotiated with quantum computing companies to acquire equity in these companies in exchange for federal funding. A spokesperson stated in a statement: "The Department of Commerce is currently not in negotiations with quantum computing companies regarding equity." Previously, The Wall Street Journal, citing sources familiar with the matter, reported that the Trump administration was in talks with companies such as IonQ, Rigetti Computing, and D-Wave Quantum about government equity investments.

Jinse Finance reported that although the US September CPI report to be released today may show that inflation remains stubborn, investors may ignore this signal as the money market is preparing for a rate cut by the Federal Reserve next week. Emily, founding partner of Bowersock Capital Partners, believes that given the government shutdown, Friday's CPI is important because it is one of the few economic data points we will see. She stated: "But since the Federal Reserve may be more focused on the labor market, we expect that Friday's CPI will not have much impact on the Fed's decision next week. We may see two rate cuts this year, in October and December respectively."