Trump Boasts About Ramped Up Embargo on Cuba: ‘There’s No Oil, No Money, No Anything’

A $2.3 trillion contraction met with a $2.5 trillion injection.

The $25 billion estimate the Pentagon gave to Congress on Wednesday regarding the cost of the Iran war is a lowball figure that doesn’t include the cost of repairing the destruction at US bases across the Middle East, CNN has reported. Sources told the outlet that factoring in repairs to bases and replacing military equipment […]

Whirlpool Crashes After Iran Shock Sparks "Recession-Level" Appliance Slump Whirlpool shares crashed as much as 20% in premarket trading after the appliance maker slashed its full-year outlook and posted weaker-than-expected first-quarter results. Management directly blamed the three-month war in the Middle East for triggering a collapse in U.S. appliance demand. Whirlpool began the earnings release with this statement: "War in Iran resulted in a recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March." For the first quarter, the maker of refrigerators, freezers, dishwashers, ovens, ranges, cooktops,...