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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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Mar 13, 2026 / Tyler Durden
US Issues $10M Bounty For Location Info On Mojtaba Khamenei & Ali Larijani
US Issues $10M Bounty For Location Info On Mojtaba Khamenei & Ali Larijani
The US Department of State's Rewards for Justice program has newly issued a $10 million reward for information on the whereabouts of Iranian Supreme leader Ayatollah Mojtaba Khamenei and Secretary of the Supreme National Security Council Ali Larijani.
The alert calls for information on the two "Iranian terrorist leaders" at a moment of ongoing heavy bombardment of Iran by the US and Israel. Interestingly the State Department said that informants could make people eligible for "relocation". The Pentagon on...
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Apr 19, 2026 / Jason Ditz
Concerns Grow That Israel Plans New Military Base in Syria as Troops Bring Prefab Units With Them
Since the December 2024 Israeli invasion of Syria, the Israeli military has set up multiple semi-permanent military outposts within Syria’s southwest. There are growing signs that another such installation is planned, and locals are concerned. Israeli troops have been launching more and more incursions into the Quneitra Governorate, and while some of them are the […]
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Apr 15, 2026 / Tyler Durden
BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending.
Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...
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