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   Dropping the R-word
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   Plus: The ancient history of insurance.
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          Friday, May 8, 2026
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          A 'recession-level' decline spooks Whirlpool investors and warns of things to come
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          Appliance maker Whirlpool warned of a "recession-level industry decline" and historically low consumer confidence in a potential sign 
of eroding economic activity in the U.S.
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          CFO Roxanne Warner said the company's $85 million quarterly loss had a lot to do with the war in Iran and the U.S. tariff reversal that spurred a price-cutting frenzy across the appliance industry. Whether Whirlpool is the proverbial canary in the economic mine remains to be seen, but Warner said appliance demand, which feeds off of big-ticket purchases such as housing, plummeted 7.4% for the weakest show of interest since the 2008 financial crisis.
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          The 
Supreme Court's decision to invalidate President Donald Trump's sweeping tariffs also led competitors expecting a refund to slash prices. Whirlpool moved in the other direction, rolling back discounts on its products to make up for years of inflation. The company pushed through a 10% list-price increase in April and scheduled a 4% hike for July.
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          "We acted decisively to address pricing and costs in the face of rapid deterioration in macroeconomic conditions," CEO Marc Bitzer said in a statement.
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                  SPONSORED
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                   Wine Without the Headache? Yes, Really.
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                  Ever wish your favorite glass of wine came without the regret?
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                  Meet The Wand — the tiny, science-backed tool that transforms your wine in seconds. Just stir it into your glass and it helps remove sulfites and histamines (the stuff behind headaches and 
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                  👉 Ready to upgrade your wine nights? Tap below to grab The Wand and taste the difference for yourself.
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                                  Get The Wand Now →
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                                 <!--[if mso]><a 
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           Today's Poll
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          <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold">
           Is the U.S. about to enter a recession?
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               <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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border: 1px solid #105C8E; display: block; " target="_blank">
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                      <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
                       <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
                        <tbody>
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if 
!mso]><!-->
                           <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">
                            Yes. Consumer confidence is toast
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10710044/222404108/9740133/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0wOCUyMCUyOFVTJTI5&x=df2d496e" target="_blank"
style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Yes. Consumer confidence is toast</a><![endif]-->
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               <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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#105C8E; display: block; " target="_blank">
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                      <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
                       <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
                        <tbody>
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if 
!mso]><!-->
                           <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">
                            No. Enough people still have jobs
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10710044/222404108/9740134/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0wOCUyMCUyOFVTJTI5&x=7731640a" target="_blank"
style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">No. Enough people still have jobs</a><![endif]-->
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               <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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                      <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
                       <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
                        <tbody>
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if 
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                           <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">
                            Not this year. But it's coming
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10710044/222404108/9740135/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0wOCUyMCUyOFVTJTI5&x=e5ae45d7" target="_blank" 
style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Not this year. But it's coming</a><![endif]-->
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           Here's what you need to know
          </span>
         </h1>
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       </tr>
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             <a aria-label="Cheng Xin / Getty Images" style="color:#105C8E" target="_blank" title="Cheng Xin / Getty Images">
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               <a data-linktext="Shell profits on oil trading even as the Iran war hurts production." data-linktype="Normal" style="color:#105C8E" target="_blank">
                Shell profits on oil trading even as the Iran war hurts production.
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              First-quarter adjusted earnings of $6.92 billion cleared analyst expectations of $6.1 billion but could not
stop the company from trimming its stock buyback. Shell warned further production losses in the Middle East will weigh on output.
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               <a data-linktext="Warner Bros. Discovery reports a massive $2.9 billion net loss." data-linktype="Normal" style="color:#105C8E" target="_blank">
                Warner Bros. Discovery reports a massive $2.9 billion net loss.
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              The $2.8 billion termination fee that Paramount paid to Netflix on Warner Bros. Discovery's behalf weighed heavily on the earnings report, outshining subscriber and ad revenue growth in the streaming segment.
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                McDonald's posts stronger sales as value meals bring back diners.
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              Total revenue jumped 9% to $6.52 billion and global systemwide sales rose 11% to over $34 billion. The fast-food chain's $5 meal deals and limited-time 
burger, The Big Arch, contributed to the quarter's momentum.
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              Customers with a prescription can pick up the diabetes pill at select One Medical sites or get it delivered the same day for $149 a month. Those with insurance pay as little as $25 per month. Same-day delivery will be available in 3,000 locations.
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