US EditionDOGE Bite: Crushing Government Contractor Stocks
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DOGE Bite: Crushing Government Contractor Stocks
We’re witnessing the birth of a new kind of monetary tightening… One that’s not coming from the Federal Reserve… But from the White House. We know it as the Department of Government Efficiency (DOGE). And while it first sounded like a punchline, it’s throwing punches at corporate America. On March 20, Accenture (ACN), a global consulting giant, saw its stock tank over 7% in a single session. CEO Julie Spellman Sweet said that DOGE-driven spendin…
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