Whirlpool Crashes After Iran Shock Sparks "Recession-Level" Appliance Slump
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Source: Zero Hedge
Published: 2026-05-07 21:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Economy & Finance, Financial Markets, Business & Economy, War & Conflict
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Snippet:
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.
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