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Whirlpool says Iran war causing 'recession-level industry decline.' The shares are down 20%
"War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March," the company said.
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forbes.com
‘Recession-Level Industry Decline’ Pummels Whirlpool—Hits 17-Year Low
Executives for the whirlpool maker cited a “rapid deterioration” in economic conditions during the Iran war.
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cnbc.com
Whirlpool says Iran war causing 'recession-level industry decline.' The shares are down 20%
"War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March," the company said.
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huffpost.com
Whirlpool Hikes Prices, Cites 'Recession-Level Industry Decline'
The company posted a sizable first quarter loss as inflation and Iran war jitters hit home.