BREAKING: Nike stock, $NKE, collapses to its lowest level since September 2014, now down -78% from its all time high seen in 2021.
The stock has now officially erased over -$200 billion in market cap since its record high.
Beef prices are at an all time high let’s divest and drive up further scarcity. Monopolization and fake scarcity is ruining America, time to break some of these greedy bastards up again
More than 2,500 Tyson employees were told they are being laid off and will be receiving final paychecks. Tyson made the decision to close its Joslin, Illinois beef processing plant
Workers arriving for shifts were directed to the cafeteria and given letters confirming the permanent shutdown
“Tyson told shareholders they expect losses around $650 million this fiscal year in its beef processing sector alone. Company officials claim cattle shortages and high livestock costs are to blame for that massive loss. But that reasoning doesn't do much for the workers who now only have a few weeks to find where their next paycheck is coming from”
Tyson cited “one of the most historic cattle shortages the country has ever experienced.” Recent USDA data showed supplies will stay low. The U.S. cattle herd is near a 75 year low
As the workers came in the scene was described as chaos, yelling, crying and a sense of betrayal from long term employees
Beef prices have gone up roughly 80% just since 2016
Pretty ironic that beef prices skyrocket and there is a cow shortage as soon as globalists start their push towards not wanting us to eat beef…. This is all coordinated
When the US economy goes into depression they will be forced to create new metrics to measure against. These current reports only show if the rich get richer or slightly poorer for a minute