Accenture Stocks Plunge Amid US Government Spending Cut Worries
Accenture’s shares fell by 7.3% after the company revealed that government spending cuts are affecting its revenues. As part of the Trump administration’s “Department of Government Efficiency” initiative, federal agencies are reviewing their contracts with top-paid consulting firms, leading to potential contract losses for Accenture. The US government’s efforts to run more efficiently have slowed … Read more