Mediators Say US-Iran 'Close' To 'Resurrecting' Failed MoU Deal, Pushing Oil Lower, Stocks Jump

Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock Via The Cradle Twenty-seven countries have moved to activate emergency World Bank financing mechanisms since the US-Israeli war on Iran began in late February, Reuters reported Friday. Three nations have already received approval for fast-tracked funding, while the other 24 are in the process of completing administrative procedures.  Kenya and Iraq have publicly confirmed they are seeking emergency World Bank assistance, with Nairobi facing surging domestic fuel prices and Baghdad grappling with severely diminished oil revenues due to disruptions in maritime exports. Getty...

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,...

"Thank You, Mr. President": Maryland Freedom Caucus Applauds Trump's Coal Power Plant Restart Plan Submitted by Maryland Freedom Caucus, Today, President Trump is taking action to help reverse the damage done to Maryland's energy industry by directing federal support toward coal power infrastructure, including funding that could help restart Maryland's Warrior Run power plant near Cumberland. PRESIDENT TRUMP: "Today, we're taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal... As a result of the $700M investment...