logo
Midea recalls 1.7 million air conditioners over potential mold risk

Midea recalls 1.7 million air conditioners over potential mold risk

CBS News15 hours ago

Midea is recalling 1.7 million air conditioning units because a drainage problem could expose consumers to mold.
Water can pool in the appliance maker's U Window Air Conditioner and U+ Window Air Conditioner units, possibly leading to mold growth, Midea said in a recall notice posted by the Consumer Product Safety Commission (CPSC). Mold can cause respiratory issues and other infections.
The CPSC has received at least 152 reports from consumers of mold buildup in the Midea AC units, according to the alert. Of those, there have been 17 reports of users experiencing respiratory infections, allergic reactions, coughing and sneezing, or sore throats as a result of mold exposure.
Along with the units sold in the U.S., nearly 46,000 were sold in Canada.
The Midea products were sold under a range of brand names, including Comfort Aire, Danby, Frigidaire, Insignia, Keystone, LBG Products, Mr. Cool, Perfect Aire and Sea Breeze, according to the recall notice. A range of makes and models, measuring 22 inches wide by 14 inches high, are under recall (See the full list of affected model numbers.)
The recalled air conditioners were sold at a variety of retailers, including Best Buy, Costco and Home Depot, from March 2020 through May of this year and retailed for between $280 and $500.
Owners of the affected units are instructed to contact Midea for a full refund or a free repair. The company will provide a free shipping label for customers to send their units back to Midea. Alternatively, they can submit a photograph demonstrating that they have cut the unit's power cord to receive a refund.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Young and Barnes: A new city bylaw would help prevent heat-related deaths
Young and Barnes: A new city bylaw would help prevent heat-related deaths

Yahoo

time27 minutes ago

  • Yahoo

Young and Barnes: A new city bylaw would help prevent heat-related deaths

In the context of rapidly worsening climate change, cities such as Ottawa are on the front lines of the race to protect residents from the threat of summer heatwaves. According to the City of Ottawa's draft Climate Resiliency Strategy, more than one in three residents lack the means to stay cool as temperatures climb during the summer months. They face increased health-related risks. Just as landlords are required by law to ensure indoor temperatures stay above a minimum in the winter, Ottawa — and other Ontario cities — need to urgently pass bylaws setting a maximum indoor temperature. Statistics Canada estimates that around 36 per cent — nearly 150,000 — of Ottawa households are renters. Many have no power to control the temperature in their units. While Ottawa-specific data is scarce, a national survey from ACORN Canada found that 44 per cent of respondents had no access to air conditioning. When other factors are considered, such as old and inefficient building stock, poverty and the rising cost of living, it is no surprise that cooling is out of reach for too many. Let's be clear: When it comes to extreme heat, the risks are here and worsening. The federal government states that 'extreme heat is the leading cause of illness and death from weather-related hazards in Canada.' A recent federal study shows higher-than-average risk of death during stretches of extreme heat in Canada's largest cities over the past 20 years. Risks were particularly high for people aged 65 or older. Extreme heat doesn't just kill; it worsens heart conditions, triggers mental-health crises and heightens the risk of accidents. This reduces quality of life, diminishes economic productivity and adds to the burden on overstretched health systems. We would never accept an apartment without heat in winter. So why do we tolerate deadly indoor heat in the summer? While the reasons behind the detrimental effects of extreme heat are layered and complex, there is a simple logic at its foundation: As a society, we continue to treat cooling as a luxury, rather than the necessity it has become in the face of rapidly accelerating climate change. Effective solutions are within reach. Ontario cities such as Toronto, Mississauga and Kingston are at the forefront of debates around the adoption of maximum indoor temperature bylaws. These enforce a legal upper bound to indoor temperatures, usually around 26 degrees Celsius. While the bylaw debate proceeds, some cities are rolling out stopgap measures, where air conditioning is provided in specific cases. Ottawa needs to join the movement in favour of strong maximum temperature bylaws. In the meantime, more needs to be done to get the word out on existing programs to access cooling devices through the Ontario Disability Support Program (ODSP), Ontario Works (OW) and Assistance for Children with Severe Disabilities (ACSD), which are available from June 1 to Sept. 15. In short, Ontario physicians or nurse practitioners can write a prescription for a cooling device, allowing eligible tenants to access funds for air-conditioning units. Heat waves have become an inescapable fact of life in a rapidly warming world, but smart policy choices can make a difference now. Every summer we delay costs lives. It's time for Ottawa to treat cooling like the right it has become, and enact measures to close the gap for so many in our city. Now is the time to take the peril out of summer, for everyday residents and for those most vulnerable, living on the front lines of climate change. Dr. Lorin Young (MD, MSc, FRCPC) is a general psychiatrist. Robb Barnes is climate program director for Canadian Association of Physicians for the Environment (CAPE). Our bodies may not be as resilient to heat as we thought, uOttawa study shows Why Ottawa's heat and humidity is more dangerous than it seems

1 Ultra-Safe Dividend King Stock to Double Up On in June
1 Ultra-Safe Dividend King Stock to Double Up On in June

Yahoo

time30 minutes ago

  • Yahoo

1 Ultra-Safe Dividend King Stock to Double Up On in June

Illinois Tool Works benefits from diversification and pricing power. The company is effectively managing tariffs and macro challenges. Illinois Tool Works has an impeccable track record of supporting dividend growth. 10 stocks we like better than Illinois Tool Works › Illinois Tool Works (NYSE: ITW) -- often referred to simply as ITW -- is an industrial conglomerate and Dividend King that has boosted its payout for 61 consecutive years. However, ITW's stock price and earnings have stagnated as the company faces a challenging operating environment. Despite these conditions, ITW continues to chart a path toward long-term growth and set clear shareholder expectations. Here's why ITW stands out as a top Dividend King to buy in June. A good management team will set clear standards that investors can use to determine if the company is executing on its goals. A blend of short-term, medium-term, and long-term targets can help build an investment thesis and determine if those targets are good enough to buy and hold a stock. ITW is an excellent example of a company that set ambitious goals, achieved them, and rewarded its shareholders over an extended time period. From 2012 to 2023, ITW deployed its Enterprise Strategy, which boosted its operating margin by over 9 percentage points, more than tripled its earnings per share (EPS) and market cap, and increased its dividend by 3.7 times. From 2024 to 2030, ITW is focusing on organic growth, led by its Customer-Back Innovation process. The process involves acting on customer ideas and responding to customer needs rather than coming up with ideas and hoping they stick. The idea is to leverage ITW's existing brands and take those brands to the next level through product development and global sales rather than overly relying on mergers and acquisitions. The strategy aligns with ITW's structure. Although ITW is a conglomerate with dozens of brands and seven key segments -- automotive original equipment manufacturing, construction products, food equipment, polymers and fluids, specialty products, test and measurement and electronics, and welding -- it gives a lot of flexibility to each segment. This autonomy allows each segment to adapt to changing demand trends, pricing, and economic conditions. By 2030, ITW expects its operating margin to reach 30% and achieve average annual EPS growth of 9% to 10%, which will support a 7% annual increase in its dividend. It also plans to convert 100% of net income into free cash flow, which will support a growing dividend, buybacks, and organic investments. It's a bold strategy, but ITW's results showed that it was possible as the company steadily grew its operating margin. But the recent quarter saw a decline in operating margins and sales. In the first quarter of 2025, revenue fell 3.4%, organic growth was down 1.6%, and operating margin was just 24.8% compared to 25.4% in the first quarter of 2024 (after accounting for a one-time inventory accounting change). Generally accepted accounting principles (GAAP) EPS in the quarter was down a mere 2.5% after factoring in the accounting change. Overall, the quarter wasn't bad given customer uncertainty amid tariff pressures. And better yet, ITW maintained its full-year 2025 guidance for $10.15 to $10.55 in GAAP EPS and organic growth of 1% to 3%. ITW has hit a speed bump on the road toward its 2030 goals, but that doesn't mean the stock isn't a good buy now. One of the most compelling reasons to own ITW is the company's steady dividend growth and dividend affordability. As you can see in the chart, ITW has steadily grown its EPS and FCF per share -- which has supported a growing dividend and considerable buybacks that have drastically reduced ITW's share count -- thereby accelerating EPS growth. In addition to being a reliable dividend stock, ITW is also a good value. Based on the midpoint of ITW's 2025 guidance -- $10.35 in EPS -- and the stock price at the time of this writing of around $245 per share, the company would have a price-to-earnings ratio of 23.7, which isn't dirt cheap, but it is reasonable for a high-quality business that is extremely well run. ITW checks all the boxes of a safe stock to double up on in June. There was more tariff uncertainty when ITW reported its first-quarter earnings in late April. And yet, the company's earnings didn't take too much of a hit, and it reaffirmed full-year guidance -- showcasing ITW's confidence in its ability to navigate tariffs. ITW generates plenty of earnings and cash flow to cover its dividend payment and still has plenty of dry powder left over to buy back stock. ITW's valuation is reasonable, and its 2.5% yield is solid. ITW is the kind of business investors can build a passive income portfolio around, making it a good buy now. Before you buy stock in Illinois Tool Works, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Illinois Tool Works wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool recommends Illinois Tool Works. The Motley Fool has a disclosure policy. 1 Ultra-Safe Dividend King Stock to Double Up On in June was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'
Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'

Yahoo

time30 minutes ago

  • Yahoo

Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'

"Look up, your ride has arrived," is a message some see as eventually landing in your inbox. 'In our view, the low altitude economy (LAE) may eventually vastly exceed the size of today's automotive market,' wrote Morgan Stanley analyst Adam Jonas in a research note earlier this week. That term refers to aerial commercial activities conducted within one mile of the earth's surface, airspace now sparsely occupied by helicopters and small drones. Analysts expect advancements in artificial intelligence and robotics to support the launch of new aircraft—notably, electric vertical take-off and landing (eVTOL) vehicles—with applications in areas like logistics/distribution, public security and emergency services, tourism, urban commuting, and intercity transportation. Morgan Stanley forecasts the total addressable 'Urban Air Mobility' (UAM) market will be valued at $1 trillion by 2040 and $9 trillion by 2050. Not everybody's expectations are quite that high: Bank of America recently estimated a market worth $23 billion by 2035. BofA expects adoption to remain relatively slow until at least that year, when it anticipates economies of scale and battery technologies to improve eVTOL cost and accessibility. Whatever the size of the pie, the companies vying for a slice of it include upstarts like Archer Aviation (ACHR), which is currently testing an eVTOL model and partnering with defense contractor Anduril to develop military applications, and Joby Aviation (JOBY), which is in the process of getting its air taxi certified for passenger rides. Morgan Stanley's Jonas thinks those companies could face formidable competition from Tesla (TSLA). The EV maker hasn't announced any intention to develop eVTOLs, but CEO Elon Musk has discussed the need for a homegrown low-altitude economy in the U.S. When Jonas, on Tesla's most recent earnings call, asked Musk for his thoughts on the U.S. and China's AI and robotics rivalry, Musk expressed concern about America's limited drone manufacturing capabilities. 'Any country that cannot manufacture its own drones is doomed to be the vassal state of any country that can,' he said, quoting X user "@naval." 'And we can't. America cannot currently manufacture its own drones.' Tesla, Jonas says, 'has a host of relevant skills to be a factor' in the commercial and military LAE, including its work in manufacturing, autonomy, electric motors and batteries, and robotics. Jonas estimates Tesla's share of a future $9 trillion UAM market could add between $100 and $1,000 to its share price. Tesla's work on autonomous vehicles could give it a leg up on LAE competitors. "Any advancement in the science of autonomous cars accelerates the advancement of autonomous aerial drones," Jonas wrote. Tesla is expected to launch its first robotaxi operation in Austin, Texas, later this month. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store