Whirlpool Corp

The Dow Jones Today Will Get a Boost from the Federal Budget Deal

The Dow Jones today is gaining as Congress has reached a deal to extend the U.S. debt ceiling for another two years.

President Trump announced the deal Monday night on Twitter and commended Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy.

The new deal suspends the debt ceiling through July 2021 and permanently end the sequester that would see automatic cuts in January.


Why Tariffs Meant to Protect American Companies Are Backfiring

When the White House introduced its first wave of tariff policies in January, American manufacturers like Whirlpool Corp. expected these competitive trade policies to put them ahead of the game.

Following the White House's statement, Whirlpool announced it was hiring 200 full-time workers in Ohio in anticipation of increased product demand.

However, it looks like Whirlpool spoke too soon, burning both its bottom line - and its shareholders...


The Trade War Is Paving the Way for This Steel Stock to Gain over 300% 

When the White House announced it would impose a 10% tariff on all steel imports from China earlier this year, Wall Street feared that it would hurt the manufacturing sector's bottom line.

With quarter two earnings rolling out, it looks like Wall Street's worst fears are coming true.

Some of the nation's largest industrial companies have tightened their belts in the face of rising material costs, punishing their bottom lines - and their shareholders.