Latest news with #federalcontracting
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Trump Administration Targets Tech Firms as It Cuts More Contracts
The government's monthslong quest to wring savings from federal contractors is widening and entering a new phase. The next focus: tech companies. The Trump administration is moving its spending review beyond consulting firms such as Accenture ACN -0.29%decrease; red down pointing triangle and Deloitte to now scrutinize contracts at a collection of companies providing sometimes obscure technology services to federal agencies.
Wall Street Journal
23-05-2025
- Business
- Wall Street Journal
Stocks to Watch Friday: Apple, Booz Allen, Constellation Energy, Intuit
↘️ Booz Allen (BAH): The company plans to cut roughly 2,500 jobs as it grapples with the effects of the Trump administration's crackdown on federal contracting. Shares dropped 13%. ↘️ Apple (AAPL): President Trump racketed up pressure on Apple, saying iPhones manufactured abroad could face import taxes of at least 25%. Shares fell nearly 3% Friday morning. (Read more about CEO Tim Cook.) ↗️ Constellation Energy (CEG), Oklo (OKLO), NuScale (SMR): Shares of nuclear-power companies and uranium miners rose after a media report said Trump would sign executive orders to jumpstart the industry as soon as Friday.
