Whirlpool cuts outlook again; JetBlue loss widens; Nucor beats

· Politics · United States

Whirlpool shares plunged after the appliance maker cut its full-year outlook for the third time this year and forecast its first annual loss in decades, citing a sluggish recovery as it tries to mitigate weakening demand for household appliances. JetBlue posted a bigger loss on fuel costs, though its CEO said margins were improving under a plan to cut costs and raise premium revenue. Nucor beat Wall Street estimates as higher steel prices boosted profits at the largest US steelmaker.

Why it matters：Earnings show a split US economy, with housing-linked appliance demand weak while steel and travel pricing hold up.

Key points

  • Whirlpool cut its outlook for the third time this year.
  • JetBlue's loss widened on fuel costs but margins improved.
  • Nucor beat estimates on higher steel prices.

Sources (original reporting)

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