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Whirlpool Crashes After Iran Shock Sparks "Recession-Level" Appliance Slump
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,...
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BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions
BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions
Just another day in private credit paradise... er, hell.
One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns.
BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter...
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Apr 22, 2026 / Dave DeCamp
US Bombs Somalia for 57th Time This Year
US Africa Command said in a press release on Tuesday that its forces launched an airstrike in Somalia on April 20, as the Trump administration continues a record-shattering bombing campaign in the country with virtually no US media coverage. AFRICOM said the strike targeted the ISIS affiliate in Somalia’s northeastern Puntland region and that it […]
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