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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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Feb 24, 2026 / Kyle Anzalone
‘Coalition of the Willing’ Meets as Ukraine War Begins Fifth Year
Ukrainian President Volodymyr Zelensky met with the leaders of dozens of European nations to discuss future Western support for Kiev. The meeting of the ‘coalition of the willing’ took place on Wednesday. The coalition is a group of Western nations providing support to Ukraine without American backing. The organization was formed in response to President […]
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May 18, 2026 / Tyler Durden
Futures Slide After Bond Yields, Oil Prices Jump Around The Globe
Futures Slide After Bond Yields, Oil Prices Jump Around The Globe
Futures are lower, but off their overnight lows as markets focus on soaring global yields after US/Iran talk progress remains stalled (but at least armed hostilities did not resume contrary to some speculation). Yields also spiked on rising oil prices, concerns of an extra budget in Japan and continued political chaos in the UK. As of 7:00am ET, S&P futures are -0.5%, while Nasdaq futures drop 0.3%; semis are bid, Mag7 are mostly lower ex-NVDA which reports earnings this...
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Apr 24, 2026 / Tyler Durden
Cava's Lone Bear Analyst Flags Weak Foot Traffic After Stock's 123% Surge
Cava's Lone Bear Analyst Flags Weak Foot Traffic After Stock's 123% Surge
Northcoast Research analyst Jim Sanderson has emerged as Cava Group's lone bear on Wall Street, warning in an interview with Bloomberg that the stock's 123% rally has gone too far.
"The risk profile, given what I see macroeconomically, is unnerving," Sanderson said in the interview. He noted that the recent surge in the stock has made it very expensive to own.
He continued, "The red flag for me was seeing that traffic at some of the mature locations seemed...
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