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.
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.
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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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.