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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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Jun 1, 2026 / Tyler Durden
The Prince Of Darkness's Shadow Phone: Mandelson's Refusal Exposes Starmer's Transparency Farce
The Prince Of Darkness's Shadow Phone: Mandelson's Refusal Exposes Starmer's Transparency Farce
Peter Mandelson spent much of the past four decades at the center of British power: New Labour architect, Blair-era fixer, former cabinet minister, lobbyist, peer, and one of Westminster's most notorious survivors. Oh, and he was sliding Jeffrey Epstein actionable inside info.
His old nickname, the "Prince of Darkness," was never subtle. It captured both his political skill and the suspicion that Mandelson was most comfortable operating where influence, money, and private access overlap.
Today, Ministers released more than 1,500 pages...
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Sep 9, 2026 / Tyler Durden
Europe Heads Toward Winter With Too Little NatGas And Skyrocketing Prices
Europe Heads Toward Winter With Too Little NatGas And Skyrocketing Prices
European natural gas prices are trading near their highest level in more than three years as the race to replenish storage puts a bid under prices, while ongoing disruptions through the Strait of Hormuz intensify competition for scarce LNG cargoes ahead of winter.
On Tuesday morning, European natural gas benchmark futures edged up nearly 3% to trade around 75 euros per megawatt-hour, the highest level since early January 2023.
Bloomberg reporter Priscila Azevedo Rocha noted, "Europe needs higher gas prices...
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Sep 11, 2026 / Tyler Durden
Futures Rise As Oil Prices Drop Ahead Of CPI Report
Futures Rise As Oil Prices Drop Ahead Of CPI Report
Futures are higher thanks to an overnight retreat in oil prices (which is unlikely to hold now that Houthi rebels effectively control the entire Red Sea) and bond yields which track oil tick for tick, but the tone could quickly shift with the week’s biggest catalyst, August CPI data, due before the cash open. As of 8:00am ET, S&P and Nasdaq futures gain 0.6% with Mag 7 stocks are mostly higher, led by AMZN (+0.6%) and META (+0.7%). In premarket trading, ORCL...
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