Whirlpool shares tumbled Thursday after the iconic appliance maker warned that the Iran war triggered a severe downturn, underscoring how sharply higher fuel prices and collapsing consumer confidence are beginning to weigh on big-ticket purchases. “War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March,”…
The Peloton Tread+ and Bike+ during a media preview at Peloton headquarters in New York, US, on Tuesday, Sept. 30, 2025. Gabby Jones | Bloomberg | Getty Images Peloton posted fiscal third-quarter earnings results Thursday that beat Wall Street expectations on revenue but fell slightly short on earnings per share. The company touted better-than-expected equipment…
Argor-Heraeus’ CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Denis Balibouse | Reuters The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market…
Developing a new drug can cost a billion dollars and take more than a decade. That makes investing in new treatments in the rare disease space — where patient populations are small, and the chance of earning a return on that investment even smaller — a risky bet for big pharmaceutical companies. That’s a big…
The flags of the European Union fly in front of the European Parliament. Philipp von Ditfurth | dpa | Picture Alliance | Getty Images The European Union is considering rules that would restrict its member governments’ use of U.S. cloud providers to handle sensitive data, sources familiar with the talks told CNBC. The European Commission…
Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company’s fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts’ consensus estimate of $1.47 billion. Non-GAAP earnings per…
A solar power plant in Vietnam’s Tay Ninh Province. Singapore’s central bank is backing bio-energy and solar projects in Southeast Asia via its Green Investments Partnership. Tan Dao Duy | Moment | Getty Images The Asian Development Bank $70 billion plan, backing new energy and digital infrastructure in the region, is set to boost Southeast…
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Brandon Bell | Getty Images British energy major Shell on Thursday reported stronger-than-expected first-quarter profit as the Iran war sent energy prices soaring. The oil giant posted adjusted earnings of $6.92 billion for the first three months of…
An employee works on core components of circuit breakers for wind turbines at Siemens Energy’s Hangzhou Plant on February 28, 2026 in Hangzhou, Zhejiang Province of China. China News Service | China News Service | Getty Images The Iran war appears to have supercharged the clean energy transition, providing a catalyst for wind power giants…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. Rising incomes and a large population base make India a key market for global consumer-focused companies. But now, celebrity endorsements and wide distribution are not…
