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Apr 20, 2026 / Tyler Durden
DoJ Opens Criminal Probe Into Meatpacking Cartel As Food Stocks Slide
DoJ Opens Criminal Probe Into Meatpacking Cartel As Food Stocks Slide Shares of Tyson Foods and Smithfield Foods fell in late-morning trading in New York after The Wall Street Journal reported that the Justice Department's antitrust division has opened a criminal probe into major meatpackers. The report follows President Trump's push for an investigation into meatpackers as supermarket beef prices remain near record highs. Criminal antitrust cases are typically brought for alleged price-fixing, collusion, or bid-rigging. While the DoJ previously disclosed an investigation into beef companies after Trump called for action, it...
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Apr 6, 2026 / Tyler Durden
JPM's Dimon Warns Of "Skunk At Party," Talks Credit Cycles, Touts U.S. Military Power
JPM's Dimon Warns Of "Skunk At Party," Talks Credit Cycles, Touts U.S. Military Power JPMorgan CEO Jamie Dimon began his annual shareholder letter on Monday by tying the bank's legacy to the nation's history: "In 2026, America is celebrating its 250th anniversary. This year, we are also celebrating the 227th anniversary of JPMorgan Chase, which was founded in April 1799." Quick Summary  Dimon used his annual letter to tout another year of record financial results, while warning that investors may be underestimating the risks building across the global economy. These risks include...
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Mar 28, 2026 / Tyler Durden
US 'Only Certain Of Having Destroyed A Third' Of Iran's Missiles
US 'Only Certain Of Having Destroyed A Third' Of Iran's Missiles Via Middle East Eye The US is only certain it has destroyed around a third of Iran's missiles, despite comments from President Donald Trump boasting of military success. According to five people familiar with the US intelligence who spoke to Reuters, the status of around another third is less clear. However, US-Israeli strikes have likely damaged, destroyed or buried those missiles in underground tunnels and bunkers.  Iran's drone capability has also likely been reduced by a third, another source said. The assessment, which comes...
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