Business News Update — May 30, 2026 6 PM Eastern

Clockwise Business News — IBM plans a substantial $10 billion investment in quantum computing over the next five years. This is Clockwise business news, 6 PM Eastern. This strategic move aims to advance IBM's leadership in the quantum field, covering research, development, and potential mergers and acquisitions. The goal is to deliver the first large-scale fault-tolerant quantum computer by 2029. The Federal Reserve indicates a cautious stance on interest rate adjustments, with Vice Chair Michelle Bowman suggesting an extended energy shock could shift policy.