Whirlpool shares drop 20% as appliance giant warns consumer sentiment at ‘recession level lows’ on Iran war

Whirlpool shares drop 20% as appliance giant warns consumer sentiment at ‘recession level lows’ on Iran war

“This level of industry decline is similar to what we have observed during the global financial crisis and even higher than during other recessionary periods,” Whirlpool CEO, Marc Bitzer said.

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