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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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May 27, 2026 / Tyler Durden
Court Hands Democrats An Ugly Loss In Florida Redistricting Fight
Court Hands Democrats An Ugly Loss In Florida Redistricting Fight
A Florida judge handed Democrats a significant setback Tuesday, ruling that Gov. Ron DeSantis’s redrawn congressional map can remain in place while three state lawsuits work their way through the courts. Leon County Circuit Judge Joshua Hawkes, a DeSantis appointee, denied a request for a preliminary injunction, keeping the Republican-friendly plan intact as Florida's 2026 election machinery shifts into gear.
The ruling falls in the middle of the ongoing redistricting war sparked by Texas’s redistricting last year. California responded with its...
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Jul 18, 2026 / Tyler Durden
"Start Spreadin' The News": New York Losing Billions As Millionaires Flee Big Apple
"Start Spreadin' The News": New York Losing Billions As Millionaires Flee Big Apple
Authored by Jonathan Turley,
Below is my column in the New York Post on the sharp decline in millionaires in New York, costing the state billions as many flee. The exodus has been building for years but may now be accelerating. As Mayor Mamdani holds another press conference promising to end the “violence of evictions,” businesses are reading the writing on the wall. Rather than work to make the state more attractive to wealthy residents and businesses, Democrats are seeking...
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Sep 18, 2026 / Tyler Durden
IRGC Announces Attack On Another Tanker In Hormuz, As Trump Mulls 'Annihilate Them Or Not' Decision
IRGC Announces Attack On Another Tanker In Hormuz, As Trump Mulls 'Annihilate Them Or Not' Decision
Update(1755ET): While the White House has signaled it wishes to see 'quiet' in the Strait of Hormuz and de-escalation when it comes to Iran, it doesn't seem heavily sanctioned-Tehran is yet willing to see it that way. Another foreign vessel has reportedly been hit, via Sepha News:
IRGC says Togolese-flagged tanker 'Trend' was hit and stopped after a fire, while it stated the tanker violated Hormuz rules and that the US instigated the transit.
Below is a...
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