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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 7, 2026 / Tyler Durden
Manslaughter Charges Filed Following Fatal Tesla FSD Crash
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A fatal crash involving Tesla's driver-assistance technology has resulted in manslaughter charges against a Texas man after his vehicle slammed into a home near Houston, killing a 76-year-old woman inside, according to the Wall Street Journal.
Prosecutors say 44-year-old Michael David Butler told first responders he had been using Tesla's Full Self-Driving (Supervised) feature while making a DoorDash delivery on June 19. Butler claimed he changed the music on the touchscreen before losing consciousness. Authorities said he was the only person in the...
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Jun 14, 2026 / Dave DeCamp
Trump Says Israel’s Strike on Beirut ‘Should Not Have Happened’
President Trump said on Sunday that an Israeli attack on the southern suburbs of Lebanon’s capital, Beirut, “should not have happened,” as Iranian officials maintain a real ceasefire in Lebanon is key to any kind of agreement with the US. Israel’s strike on Dahiyeh on Sunday came one week after Iran bombed northern Israel in […]
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Oct 19, 2026 / Kyle Anzalone
Kremlin: Trump, Putin and Xi May Meet Next Month
President Donald Trump may meet with his Russian and Chinese counterparts, Vladimir Putin and Xi Jinping, on the sidelines of the Asia-Pacific Economic Cooperation summit in China next month, according to the Kremlin. “Given that all three heads of state may potentially take part in the summit in China, the subject of such a hypothetical […]
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