Hacker NewsJan 27, 2025
Nvidia sheds almost $600B in market cap, biggest one-day loss in US history
https://www.cnbc.com/2025/01/27/nvidia-sheds-almost-600-billion-in-market-cap-biggest-drop-ever.html
#ycombinator #United_States #Donald_J_Trump #Microsoft_Corp #Technology #NVIDIA_Corp #Super_Micro_Computer_Inc #Oracle_Corp #Dell_Technologies_Inc #Apple_Inc #Alphabet_Inc #Meta_Platforms_Inc #Amazon_com_Inc #Broadcom_Inc #Hewlett_Packard_Enterprise_Co #Coca_Cola_Co #Chevron_Corp #Netflix_Inc #Breaking_News_Technology #business_news
Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history

Nvidia shares plunged 17% on Monday, resulting in a market cap loss of close to $600 billion, the biggest drop ever for a U.S. company.

CNBC
 Hacker NewsMay 1, 2024
McDonald's and other big brands warn that low-income consumers starting to crack
https://www.cnbc.com/2024/04/30/companies-from-mcdonalds-to-3m-warn-inflation-is-squeezing-consumers.html
#ycombinator #Coca_Cola_Co #Colgate_Palmolive_Co #Newell_Brands_Inc #Chris_Peterson #3M_Co #Labor_economy #McDonald_sCorp #Prices #Economy #Breaking_News_Economy #Stock_markets #Markets #Breaking_News_Markets #Investment_strategy #Breaking_News_Investing #business_news
McDonald's and other big brands warn that low-income consumers are starting to crack

Higher prices have weighed on customers in an array of industries that interact with consumers.

CNBC
 Hacker NewsJan 30, 2024
Prisoners in the US are part of a hidden workforce linked to popular food brands
https://apnews.com/article/prison-to-plate-inmate-labor-investigation-c6f0eb4747963283316e494eadf08c4e
#ycombinator #Prisons #Drug_crimes #Angola #Associated_Press #General_news #AP_Top_News #AP_Investigations #China #U_S_news #Coca_Cola_Co #General_Mills_Inc #Race_and_ethnicity #McDonalds_Corp #Alabama #Business #Angola_government #Archer_Daniels_Midland_Co #Burger_King_Holdings #Inc #Race_and_Ethnicity
Hidden prison labor web linked to foods from Target, Walmart

In a sweeping two-year investigation, The Associated Press found goods linked to prisoners wind up in the supply chains of everything from Frosted Flakes cereal and Ball Park hot dogs to Gold Medal flour and Coca-Cola. They are on the shelves of most supermarkets, including Kroger, Target and Whole Foods. They’re also exported. The prisoners who help produce these goods are disproportionately people of color. Some are sentenced to hard labor and forced to work – or face punishment – and are sometimes paid pennies an hour or nothing at all. They also are excluded from protections guaranteed to almost all other full-time workers, even when they are seriously injured or killed on the job. And it can be almost impossible for them to sue.

AP News