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

Whirlpool warns of a 'recession-level' slump due to the Iran war and tariff ruling, resulting in a 10% price hike and another planned 4% spike. The company's revenue dropped nearly 10% in the quarter with sales of major appliances in North America declining more than 7%. This decline is attributed to consumers delaying big-ticket purchases.