Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
large appliances
LG Electronics and Samsung Electronics to raise prices of washing machines in the U.S.
While both companies have invested in a U.S. plant, in the short run expect an increase in washing machines by 5% to 10%. With the Trump Administration slapping hefty import tariffs on large residential washers, on Thursday, LG Electronics Inc… Read More ›