Costco’s latest earnings report came in above market expectations. Membership fee revenue rose 7.3% year over year to $1.5 billion, extending the slowdown in growth to a third straight quarter. Investors focused on the decelerating pace, leaving the stock little changed after the release.

IBM has received a grant from the U.S. Commerce Department to build the first standalone quantum chip foundry in the United States, named “Anderon.” The project is framed as a major step forward in domestic quantum-computing hardware manufacturing capacity.

Bank of America CEO Brian Moynihan said at a meeting on Monday that the bank’s third-quarter sales and trading revenue will be flat. The remark sparked a selloff in bank stocks.

Oracle co-founder and CTO Larry Ellison has withdrawn his plan to sell 50 million shares of the company. The move eased investor concerns about a large-scale selloff. It also signaled management confidence in the outlook.

Google said it will invest $15 billion in Finland to build AI infrastructure. The company aims to use the country’s cold climate to help reduce the energy burden associated with AI operations.