The cost-cutting spree isn’t limited to government—billions in private-business contracts are affected, Danny Moses told Fortune.
Why Planet Labs (PL) Stock Is Nosediving
Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 22.6% in the morning session after the company reported weak fourth-quarter (fiscal 2025) results: Its full-year revenue and EBITDA guidance missed significantly along with this quarter's revenue and EPS.
Why Is Torrid (CURV) Stock Soaring Today
Shares of women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) jumped 9% in the morning session after the company reported strong fourth-quarter 2024 results, which blew past analysts' estimates for sales, earnings, and operating profits.
Quantum-computing stocks fall again as Jensen Huang and other CEOs temper expectations around the bleeding-edge tech: ‘Not good enough yet for practical use’
D-Wave stock fell more than 18%, despite Huang’s goodwill effort.
Energy stocks outperform year to date amid inflation, tariff uncertainty
Expectations of sticky inflation and tariff uncertainty have prompted investors to rotate into the energy sector.
Fed Officials Warn of the Challenge Trump Tariff 'Uncertainty' Poses
Two Federal Reserve officials shed light Friday on how the central bank is navigating the fog of uncertainty about what President Donald Trump will do next when it comes to imposing tariffs, and how the import taxes will affect inflation and unemployment.
U.S. may sell Fort Knox gold for Bitcoin — If it’s 'budget-neutral,' says Trump adviser
When asked if the US government could sell some gold stored in Fort Knox to buy Bitcoin, President Trump’s crypto director Bo Hines gave an interesting answer.
Cryptocurrency firm founder pleads guilty in US to market manipulation scheme
The founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the founder and CEO of cryptocurrency "market maker" Gotbit, and his company entered guilty pleas in federal court in Boston to charges that they conspired to commit market manipulation and committed wire fraud. They were among 15 people and three firms charged following a novel investigation dubbed "Operation Token Mirrors," in which the FBI for the first time directed the creation of its own digital token to help catch fraudsters in the crypto market.
Fed Officials Echo Powell, Downplay Rising Price Expectations
(Bloomberg) -- Two Federal Reserve officials on Friday echoed comments from Chair Jerome Powell earlier this week, downplaying the recent rise in a key measure of long-term inflation expectations but emphasizing the outlook is highly uncertain.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.LA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Y
US oil and gas rigs rise for first time in three weeks, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 593 in the week to March 21. Despite this week's rig increase, Baker Hughes said the total count was still down 31 rigs, or 5% below this time last year.