South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
U.S. Stocks End Q2 Higher as Strong Jobs Data and AI Rally Lift Wall Street 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
Samsung Electronics issued a recall that covers more than 660,000 washing machines in the United States. The South Korean company warned its customers about fire risk after receiving more than four dozen reports related to melting, smoking, overheating, and fire.
According to CNN Business, Samsung Electronics immediately released a warning to owners of its washing machines, saying that the device could overheat or short-circuit; thus, they are considered a fire hazard until a repair is done.
The company revealed it has received around 51 reports related to the washing machines, and ten of these reports caused damage to property. Three people were also injured due to smoke inhalation.
The company said that a total of 663,500 units of its top-loading washing machines are affected by the recall which was announced late last week. Samsung Electronics listed its machine models with super speed, including WA49B, WA50B, WA51A, WA52A, WA54A, and WA55A as the affected units.
Customers were also informed that the models sold are in ivory, white, black, and champagne colors. On the website of the U.S. Consumer Product Safety Commission (CPSC), the complete list of 14 washing machine models and their serial numbers were posted for easier identification of the affected washing appliance.
Moreover, it was mentioned that the machines were sold for $900 and $1,500 at popular big box retailers, including Costco, The Home Depot, Best Buy, and Lowe’s. These were also sold on Samsung US’ official website from June 2021 and December this year.
“Consumers should immediately check whether their washer’s software has been updated to prevent the hazard; and, if not, consumers should immediately stop using the washer until the software is updated,” the CPSC stated in the recall announcement. “Instructions on how to check whether a washer’s software has been updated can be found on Samsung US website’s support page.”
The US consumer regulator added that “All Wi-Fi equipped washers that are plugged into a power source and actively connected to the internet will automatically download the free software repair over-the-air when they are connected to the internet.”
On the other hand, owners of the affected washing machines that do not have WI-FI capability can simply contact Samsung for instructions on how to update their unit’s software. They must also stop using the machine immediately and operate only after the repair is completed.
Photo by Kote Puerto/Unsplash
