Whirlpool warns of ‘recession-level’ slump as Iran war and tariff ruling hit sales

Appliance giant slashes earnings forecast and hikes prices by 10% with another 4% spike planned With the war in Iran and economic concerns putting pressure on consumers and how they spend their money, Whirlpool is having to adjust to Americans delaying big-ticket purchases while also raising prices to help stabilize its North American business. The company known for brands such as KitchenAid, Maytag and its namesake, said that the Iran war led to a “recession-level industry decline” in Americ...

By Associated Press