Target Recalls 12,800 Tea Kettles
Target (TGT) has recalled about 12,800 tea kettles due to fire and burn hazards.
According to Consumer Product Safety Commission, the retailer has recalled Hearth & Hand with Magnolia tea kettles, as the paint can chip on the bottom of the recalled kettles, posing a fire hazard. In addition, the handle can break and/or the spout can leak, posing a risk of burn injuries.
Target said it has received 27 reports of incidents with the tea kettles which included the kettles leaking, wobbling/moving on the stovetop while in use, the handle grip breaking off, and the paint chipping/melting on the bottom of the kettle.
One consumer reported a fire due to the paint chipping off of the bottom of the kettle. No injuries have been reported.
The recall involves Hearth & Hand with Magnolia Tea Kettles. The 1.75 Quart stainless steel tea kettles are white and have a copper-colored stainless-steel handle with a wooden grip and a white lid with a wooden knob.
The retailer has asked its customers to immediately stop using the recalled tea kettles and return them to any Target store for a full refund.
The recalled product was sold at Target stores nationwide and online from July 2021 through October 2021 for about $35.
US Reports 64K New Covid Cases, 119 Deaths
Covid metrics in the United States continue to fall nationally.
20 percent fall in cases and 2 percent fall in casualties were recorded in the last two weeks, according to the New York Times’ latest data.
64686 new infections on Wednesday took the total U.S. Covid cases to 96,838,816.
Pennsylvania led in the number of new infections – 10,021 – and deaths – 119.
The total number of people losing their lives due to coronavirus infection in the country has risen to 1,064,072 with 748 new deaths reporting on the same day, as per Johns Hopkins University’s latest data.
U.S. hospitals reported a 7 percent decrease in the number of Covid patients in the last two weeks. The number of I.C.U. admissions due to the worse stage of the viral disease has fallen by 10 percent.
U.S. Covid hospitalizations fell to 26,690. 3123 of these patients are admitted in intensive care units.
The nation’s current test positivity rate is 8.8 percent.
1816 additional deaths were reported globally on Wednesday, taking the total number of people who lost their lives due to the pandemic so far to 6,562,936.
IAG Reports Preliminary Q3 Operating Profit
International Consolidated Airlines Group S.A. (IAG.L,BAIRY.PK,BAY.L), an Anglo-Spanish airline holding company, said on Thursday that its trading during the third quarter was better than expected.
Consequently, for the quarter, the company expects its pre-exceptional operating profit to be in the region of 1.2 billion euros as against 485 million euros loss reported a year ago.
Looking ahead, the IAG said: “Forward bookings remain at expected levels for the time of year, with no indication of weakness, and accordingly our fourth quarter expectations remain unchanged as of today.”
Digital World Acquisition Jumps 18% As Google Approves Truth Social
Shares of Digital World Acquisition Corp. (DWAC) are jumping over 18% driven by the news that Google has approved social media app Truth Social and is now available on Play Store.
DWAC is currently trading at $18.87, up $2.91 or 18.21%, on the Nasdaq, on a volume of 7 million shares, above average volume of 1 million. The stock opened its trading at $17.21 after closing Wednesday’s trading at $15.96. The stock has traded between $9.95 and $175.00 in the past 52-week period.
Google had previously barred the social media app, which is backed by former U.S. President Donald Trump, from its Play Store for content moderation concerns.
In a statement, Trump Media & Technology Group or TMTG, which operates Truth Social, said the app can now be accessed across all devices in the United States.
Digital World Acquisition is set to take TMTG public via a SPAC merger.
Domino’s Pizza Climbs 8% As Q3 Revenues Beat Estimates
Shares of Domino’s Pizza, Inc. (DPZ) are rising 8 percent on Thursday’s trading after the company posted higher revenues in the third quarter, which came in above analysts estimates.
The company’s revenue for the quarter rose 7 percent to $1.07 billion from $1.00 billion last year, while 22 analysts were looking for revenues of $1.06 billion for the three-month period.
Domino’s attributed the rise in revenue to higher prices, which lifted its sales and managed to offset a drop in international franchise royalties and fees revenues.
Currently at $328.76, the stock has traded between $299.41 and $567.57 during the past 52 weeks.
GitLab Stock Down 4%
Shares of GitLab Inc. (GTLB) are slipping over 4% on Wednesday morning, despite no stock-related news to hurt the shares.
GTLB is currently trading at $56.69, down $2.46 or 4.16%, on the Nasdaq. The stock opened its trading at $57.71 after closing Tuesday’s trading at $59.15. The stock has traded between $30.74 and $137.00 in the past 52-week period.
GitLab develops software for the software development lifecycle in the US, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.
Katadyn Recalls Optimus Gemini Portable Gas Stoves
Katadyn North America has recalled about 1,100 Optimus Gemini portable gas stoves due to risk of fire.
According to Consumer Product Safety Commission, the recalled stove’s gas regulator can have a tear in the seal causing a gas leak, posing a fire hazard. The company, however, has not received any incidents related to the issue.
The recall involves Optimus Gemini portable 2-burner stoves. The stoves are black metal with silver top burner surfaces, measure about 12 inches long and 4 inches wide and can be used with isobutane-propane fuels.
The company has asked its customers immediately stop using the recalled stoves and return them to the place of purchase for a full refund or contact Katadyn North America to receive a prepaid mailer to return the stove for a full refund.
The stoves were sold at specialty outdoor and sporting goods stores nationwide and on various websites from January 2021 through September 2022 for about $178.