Symbols

Accenture (ACN.US) becomes the first company to be negatively impacted by DOGE, the warning on federal orders sent shockwaves through Wall Street.

Generated by AI AgentMarket Intel

Thursday, Mar 20, 2025 9:00 pm ET1min read

Consulting firm AccentureACN-- (ACN.US) said that efforts to tighten federal spending have begun to put pressure on its revenue, sending its stock down on Thursday. The company is one of the first major US corporations to be hit by the Trump administration's so-called "Department of Efficiency," which is led by billionaire Elon Musk and aims to shrink the size of federal agencies and consolidate office space.

Market Intel

Global insights driving the market strategies of tomorrow.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments

﻿

Add a public comment...

No comments yet

AInvest
PRO

Editorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process. While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context. Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue