Wall Street pointed mostly higher in premarket trading Thursday while more corporate earnings poured in a day after the Federal Reserve opted to leave its benchmark lending rate alone. Dow Jones Industrial futures ticked down 0.
Stocks are ticking higher on Wall Street following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.3% in early Thursday trading.
The Dow Jones Industrial Average slipped 14 points, and the Nasdaq composite gained 0.3%. Meta Platforms climbed after delivering a better profit report than expected and said it will continue to invest in AI efforts.
Trump wants us to go back to the bad old days when the entire executive branch could be hired and fired at the president’s will.
Read about American Airlines, UPS, Wizz Air and more in the latest Market Talks covering the auto and transport sectors.
Firing IGs isn’t unprecedented. Ronald Reagan fired 16, rehiring five after congressional criticism. Barack Obama fired one, explaining his actions to Congress after complaints. In his first term, Trump fired four, two permanent and two acting.
Stocks rose on signals the main engine of the world’s largest economy remains solid, which bodes well for the strength of Corporate America.
The airspace around Ronald Reagan Washington National Airport has long been problematic due to heavy military and commercial flight activity in the nation’s capital, according to industry insiders.
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If the 30-day notice and reasons law is struck down, it will help the administration’s efforts to undermine civil service protections.
President Donald Trump's firing of 18 inspectors general explicitly violates a law passed by Congress to protect these anti-corruption watchdogs from removal by a corrupt president.