America’s Top CEOs Raise Alarm About Iran War—’Recession’
Cătălin Roșioru
A number of business leaders are warning that the fallout from the Iran war could be pushing the U.S. economy toward the brink of a major downturn. On Thursday, Whirlpool, a leading U.S. home appliance manufacturer, reported that revenues fell nearly 10 percent year-over-year as North American net sales slid over 7 percent on the back of what the company said was a " recession -level industry decline" caused by the war. In a subsequent earnings call, CEO Marc Bitzer said the drop was "similar
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