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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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Jul 30, 2026 / Tyler Durden
"Bonds Are In Charge...Everything Breaks Over 5%"
"Bonds Are In Charge...Everything Breaks Over 5%"
Submitted by QTR's Fringe Finance
Today I sat down with my friend Andy Schectman, CEO of Miles Franklin Precious Metals and one of the most recognizable voices in the precious metals industry. I’ve known Andy for years, long before I ever became a customer of his. He’s someone I trust, someone I enjoy talking markets with, and someone who has spent decades watching the intersection of monetary policy, sovereign debt, central banks and the physical gold market.
Whether you agree with every one of Andy’s...
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Apr 29, 2026 / Joseph Solis-Mullen
The Case Against the “Free Bankers”
Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.
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Jul 15, 2026 / Tyler Durden
Trump Says FBI Wasting Time If It Probes Conspiracy Theories About Graham's Death
Trump Says FBI Wasting Time If It Probes Conspiracy Theories About Graham's Death
Authored by Aldgra Fredly via The Epoch Times,
President Donald Trump said on July 14 that he was aware of the conspiracy theories surrounding Sen. Lindsey Graham’s (R-S.C) sudden death but said that any FBI investigation into them would be a waste of time.
Trump was responding to a reporter’s question at the Oval Office about why FBI agents were at the senator’s residence and whether there were any updates on the possible probe into his death.
“Well, I don’t...
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