Thomas Shelter

Thomas Shelter has been a keen follower of US politics for over two decades. His reporting for Congress.net primarily focuses on legislation, party politics, and business news.

“Funflation” Spreads Indoors As Streaming And Gaming Costs Squeeze Consumers In 2026

Rising prices for live entertainment have long frustrated American consumers, but now the same inflationary pressure is following people directly into their living rooms. The phenomenon, widely known as “funflation,” originally described sharply higher prices for concerts, sporting events, and other live experiences that were halted during pandemic lockdowns. Now, at-home pastimes including streaming movies…

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D-Wave Quantum (QBTS) Earns IDC MarketScape Leader Recognition For Practical Quantum Computing

D-Wave Quantum (QBTS) has been named a Leader in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment, a significant industry recognition for the company. The evaluation assessed vendors across both their existing capabilities and forward-looking strategies, placing D-Wave among the top tier of quantum computing providers globally. According to the company, the recognition reflects…

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Andy Burnham Poised To Become UK Prime Minister As Policy Uncertainty Rattles Investors

Labour’s Andy Burnham appears set to become the United Kingdom’s next prime minister after rapidly securing enough parliamentary support to succeed Keir Starmer as party leader. Burnham locked down backing from enough Labour MPs within just two days, effectively ending the leadership contest before any credible rival could mount a challenge. Despite the swift and…

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US Air Force

D-Wave Quantum (QBTS) Rides Commercial Momentum To 42.9% Stock Surge Over Past Year

D-Wave Quantum (QBTS) has surged 42.9% over the past year, dramatically outpacing both its industry peers and broader market benchmarks. The quantum computing company’s performance stands in sharp contrast to its industry’s 14.2% decline and towers over the S&P 500’s already-impressive 23.1% gain during the same period. D-Wave develops and delivers quantum computing systems, software,…

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Rackspace Technology (RXT) Slashes Full-Year Revenue Forecast By $150M And Launches $250M Share Sale

Rackspace Technology (RXT), an AI infrastructure solutions provider, saw its shares tumble roughly 25% on Thursday after the company significantly reduced its full-year financial guidance. The company cut its 2026 revenue outlook by $150 million, citing supply constraints, challenging industry conditions, and shifting internal resource priorities as key factors weighing on near-term performance. Rackspace now…

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D-Wave Quantum (QBTS) Wins $1.57M NSF Grant, Shifting Gate-Model Narrative For Investors

D-Wave Quantum’s subsidiary Quantum Circuits, LLC received a $1,566,250 National Science Foundation grant on July 1, 2026, under the ERASE project. The grant gives researchers access to D-Wave’s superconducting dual-rail gate-model quantum computing resources, specifically to advance fault-tolerant technologies. The NSF-backed collaboration is led by Yale University and deepens D-Wave’s role in U.S. quantum innovation…

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