Sony Forecasts Lower 2027 Profit Despite Strong Music and Sensor Growth 
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
Armani Group Eyes Strategic Stake Sale to Luxury Giants 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Ceasefire Uncertainty 
Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case 
European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears 
China Banks Halt New Loans to Sanctioned Refineries Amid U.S.-Iran Oil Crackdown 
UOB Q1 Profit Meets Expectations as Loan Growth Offsets Lower Interest Rates 
Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone 
Saudi Aramco Q1 Profit Jumps 25% as Strait of Hormuz Crisis Reshapes Oil Exports 
Continental AG Shares Jump After Q1 Profit Beats Expectations 
Gold Prices Rise as Weaker Dollar and U.S.-Iran Peace Hopes Boost Demand 
Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat 
Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook 
Dollar Struggles to Rally Despite Strong US Data as Fed Hike Expectations Remain Limited 
Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom 
A new recall notice was issued by the U.S. Consumer Product Safety Commission concerning dehumidifiers. It was reported that around two million units of almost two dozen brands have been recalled due to potential overheating that can cause fire or burns.
According to USA Today, the CPSC stated that the affected dehumidifiers may catch fire as they can overheat. There are no injuries linked to the recall yet, but the defective units already caused damage to properties.
The product safety agency mentioned that the dehumidifiers were made by New Widetech, a Taiwan-based company. It has been shared that they have received reports of 107 incidents as of this time. With these incidents, it was reported that it caused $17 million in property damage.
Although the said electrical appliance was made by New Widetech, they were sold under different brand names. As posted on the recall notice, the brands affected by the call back include Whirlpool, Haier, Amana, AeonAir, Edgestar, De'Longhi, ArcticAire (Danby), Classic (Danby / Home Hardware Stores), Commercial Cool, Danby, Danby Designer, Friedrich, Danby Premiere, Generations (Danby), Honeywell (JMATEK / AirTek), Idylis, Ivation, perfect aire, Whynter and SuperClima.
The affected dehumidifiers were sold by the leading retail outlets such as Costco, Menards, Walmart, Lowe’s, and others from February 2009 to August 2017. The products have prices ranging from $120 to $430.
It was said that aside from the units that were sold in the United States, it was estimated that about 380,000 were sold in Canada and more or less 25,000 in Mexico. The owners of the dehumidifiers from the listed brands were advised to immediately stop using the products and contact New Widetech for refunds.
According to Gizmodo, owners will not be getting the full amount of the purchase price, so they should not expect this. The CPSC mentioned that the amount of refund would be based on the age of the dehumidifier. This means that the newer the item is, the higher the refund amount will be.
Finally, the customers are also asked to contact the manufacturer during business hours, and the calls will be toll-free. The contact number was indicated in the recall notice. They can also get in touch online via www.recallrtr.com/nwtdehumidifier or http://www.newwidetech.com/en/.
