Wall Street Legend: Why Stocks Are Very Likely to Crash in Trump's 2nd Year

Legendary investor Marc Chaikin says stocks could crash in 2026--he's even calling the exact month and most likely day it will start. No one on or off Wall Street has been more accurate calling the bull and bear turns of the past 7 years. And now, Chaikin is calling the crash of 2026.

Perdue Farms to shut down Tennessee plant

DAVID BAUDER
January 17, 2025

MONTEREY, Tenn. (AP) -- Perdue Farms plans to close a processing plant in Tennessee that employs more than 430 people.

In a news release Thursday, the company confirmed that the Monterey facility would close in late March. It said changes in market demand and how the company produces and supplies its products have affected the Monterey plant in recent years.

The company best known for its chicken says it is providing affected workers in Tennessee with severance packages with extra pay and job placement help.

"While this decision is incredibly difficult, it is necessary to ensure Perdue remains fit for the future," CEO Kevin McAdams said in the news release. "We must make challenging choices today to continue to serve our customers and consumers effectively, and to continue to grow our company.

Based in Salisbury, Maryland, Perdue Farms was founded in 1920. It has more than 20,000 workers and annual sales of more than $10 billion, focusing on poultry, livestock and other agriculture.

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