Stocks

T-Mobile picks up pace of its cost-cutting program

T-Mobile US Inc. TMUS 1.07% continued to add customers in the third quarter and told investors the cost-cutting plan it launched in the wake of its Sprint Corp. takeover is running ahead of schedule.

Why Wall Street likes a divided government

Wall Street is cheering the prospects of a divided government that would put proposed tax hikes on hold as the fabled Democratic blue wave that was supposed to sweep across the country looks unlikely to materialize.