logo
1.1 million Anker power banks recalled over fire risks

1.1 million Anker power banks recalled over fire risks

Yahooa day ago

June 13 (UPI) -- Anker Innovations Technology Co. is recalling more than 1.1 million of its power banks over fire concerns related to the products' lithium-ion batteries.
The publicly-traded Chinese company is recalling 1.158 million of the A1263 models of its Anker PowerCore 10000 power banks, according to a recall notice issued by the U.S. Consumer Product Safety Commission.
The power bank batteries "can overheat, posing fire and burn hazards to consumers," the recall notice states.
Affected units were produced in China and have the company's name, Anker, engraved on the front of the power banks. They were sold in the United States through Anker, Amazon, Newegg and Ebay between June of 2016 and December 2022.
To date, the company has received 19 reports of fires and explosions related to the devices, which retail for about $27.
The incidents include two reports of minor burns and 11 involving property damage causing a collective $60,700.
"Consumers should immediately stop using the recalled power banks and contact Anker Innovations for instructions on receiving a free replacement power bank," Anker said in the recall notice.
Customers can get a replacement by sending the company a photo of their recalled unit.
The photo must display the model and serial number as well as the date the photo was taken among other parameters.
Owners will also need to confirm they have properly disposed of the faulty unit.
"Do not throw this recalled lithium-ion battery or device in the trash, in the general recycling stream,, or in used battery recycling boxes found at various retail and home improvement stores. Recalled lithium-ion batteries must be disposed of differently than other batteries, because they present a greater risk of fire," the company said in the recall notice.
"Your municipal household hazardous waste collection center may accept this recalled lithium-ion battery or device for disposal. Before taking your battery or device to a HHW collection center, contact it ahead of time and ask whether it accepts recalled lithium-ion batteries. If it does not, contact your municipality for further guidance."
Anker was founded in September of 2011 and is headquartered in the city of Changsha in China's Hunan province.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This surprise deal knocks $350 off the best portable power station on the market
This surprise deal knocks $350 off the best portable power station on the market

Yahoo

time3 hours ago

  • Yahoo

This surprise deal knocks $350 off the best portable power station on the market

Summer is almost officially here, but there's no sense in waiting on the calendar to dive into some summer activities. Things like picnics, cookouts, and road trips can be made more worthwhile if you've got some power on-hand, which is why we'd like to direct you to the Anker Solix C1000. The portable power station is on sale for $449 right now, which is $350 off its regular price of $799. This is also one of It's best prices ever. We don't just think highly of the Anker Solix C1000, we happen to think it's the best portable power station on the market right now. Anker does a great job of keeping its size manageable while at the same time packing it with features. Its HyperFlash charging technology is pretty groundbreaking, in that the C1000 can go from dead to 80% capacity in just 43 minutes of charging. This will allow you to spend more time with it in the wild and less time waiting for it to charge up. When it comes to putting the C1000 to use, it's the perfect power station for things like phones, tablets, and laptops, but it can handle far more than smaller devices. It can keep a portable refrigerator running for up to 33 hours, a camping light for up to 60 hours, a coffee maker for nearly three hours, and a cooler for more than 17 hours. The C1000 can also come in handy during power outages at home, as it can power a Wi-Fi router for up to 52 hours, a refrigerator for up to 14 hours, and your home's lights for up to 50 hours. The C1000 is a super capable portable power station that just about anyone could find useful at some point or another. It will fit right in on boats and in RVs, when tailgating at stadiums, and even on construction sites. It can power up to 11 devices simultaneously, and with more and more electronics becoming a necessary part of life, the C1000 is something everyone may want to have around. While the Anker Solix C1000 regularly goes for $799, this massive discount at Amazon drops it to $449. That's good for $350 in savings, and while this portable power station does get a pretty good discount every now and then, this is one of the better prices we've seen on it.

China Just Froze a $35 Billion U.S. Merger -- And Investors Should Pay Attention
China Just Froze a $35 Billion U.S. Merger -- And Investors Should Pay Attention

Yahoo

time5 hours ago

  • Yahoo

China Just Froze a $35 Billion U.S. Merger -- And Investors Should Pay Attention

The $35 billion merger between Synopsys (SNPS) and Ansys has hit a significant roadblock as China's antitrust regulator postponed its final approval following renewed U.S. export controls. The proposed tie-up, which had already advanced to the final review stage by China's State Administration for Market Regulation, now faces uncertainty after the Trump administration expanded restrictions on semiconductor design software and other sensitive technologies to China. According to sources cited by the Financial Times, the delay is directly tied to Washington's latest move in late May to restrict sales of chip design toolsaffecting companies like Synopsyswithout special licenses. Warning! GuruFocus has detected 3 Warning Sign with GME. The timing of the setback comes just days after U.S. and Chinese officials reached a tentative truce in London to ease broader trade friction. However, the agreement appears fragile, with Beijing's curbs on critical mineral exports triggering further U.S. clampdowns. As a result, licenses for certain suppliers have been revoked, and a broader licensing regime has been reinstated. For Synopsys and Ansys, these geopolitical shifts now threaten to derail a merger that had already cleared regulatory hurdles in all other jurisdictions except China. Neither company, nor the Chinese regulator, has publicly commented on the reported delay. On the domestic front, the U.S. Federal Trade Commission last month required the divestiture of certain assets to alleviate antitrust concerns tied to the deal. Synopsys CEO has indicated that regulatory approval has been secured globallywith China as the sole outlier. Investors are watching closely as the delay could stretch the closing timeline or possibly trigger renegotiation risks, especially if trade tensions escalate further. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Best Stock to Buy Right Now: Alibaba vs. Amazon
Best Stock to Buy Right Now: Alibaba vs. Amazon

Yahoo

time8 hours ago

  • Yahoo

Best Stock to Buy Right Now: Alibaba vs. Amazon

Alibaba and Amazon are both leaning into AI to help drive growth. While Alibaba is more of a turnaround story, Amazon is an efficient growth machine. The one stock offers more potential upside, but the other looks very attractive from a risk-reward perspective. 10 stocks we like better than Alibaba Group › When it comes to tech stocks riding the artificial intelligence (AI) wave, both Amazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA) are in strong positions. Each is leaning into AI to help drive growth for cloud computing and e-commerce businesses that both companies operate. Let's see which stock is the better buy. Alibaba has been working hard to turn around its core e-commerce business. It has been investing heavily in Tmall and Taobao to reaccelerate gross merchandise volume (GMV) growth and is now beginning to monetize that higher GMV more effectively through a small software fee and its AI-powered marketing tool, Quanzhantui. Last quarter, its e-commerce revenue rose 9% year over year, while third-party revenue jumped 12%. More importantly, segment earnings before interest, taxes, and amortization (EBITA) climbed 8%. At the same time, Alibaba is seeing strong momentum in its cloud computing business. Its Cloud Intelligence segment revenue increased by 18% year over year last quarter, as AI-related revenue more than doubled for the seventh consecutive quarter. Impressively, its adjusted EBITA surged by 69%, demonstrating the segment's strong operating leverage. Alibaba's AI push is being driven by its Qwen series of models. In addition to a strong foundation model, it's rolled out versions specifically built for tasks like coding and math. Its latest release, Qwen3, is a new class of "hybrid reasoning" models that combine traditional large language model capabilities with more advanced, dynamic reasoning. Meanwhile, Alibaba scored a huge win earlier this year when Apple chose its models to power Apple Intelligence in China, although the deal has been delayed by Chinese regulators. Nonetheless, it's a clear sign that Alibaba's AI efforts are gaining traction despite the U.S. chip export ban. In addition to its core e-commerce and cloud computing businesses, Alibaba also has a big opportunity with its international commerce segment (AIDC), which includes AliExpress and Turkey-based Trendyol. This segment grew revenue by 22% last quarter, and management expects it to turn profitable within the next year. Flipping AIDC into the black could be a major tailwind for earnings growth going forward. Despite its recent rally, Alibaba still looks incredibly cheap. The stock trades at around 12 times forward earnings, with nearly $20 billion in net cash and another $57 billion in equity investments on its balance sheet. If sentiment around Chinese equities continues to improve, there could be meaningful upside in the stock from here. Amazon is less of a turnaround story and more of a manual on relentless operational execution. It's already a $2 trillion market cap behemoth, but it's still finding ways to increase revenue growth and drive margins higher. Its cloud computing unit, Amazon Web Services (AWS), remains its crown jewel. Revenue jumped 17% year over year last quarter to $29.3 billion, while operating income grew even faster, up 23%. AI is a big reason for this. Amazon is seeing strong demand for its Bedrock and SageMaker solutions, which help customers build, fine-tune, and deploy AI models. At the same time, it has also developed its own custom AI chips, which can boost performance and use less energy. This helps reduce costs, which could be a key long-term differentiator. However, Amazon isn't just leaning into AI to drive growth at AWS; it's using AI across its entire ecosystem to drive efficiencies. In its warehouses, Amazon is developing AI-powered robots that can do everything from lifting heavy boxes to spotting damaged goods. On the logistics side, it is using AI to optimize delivery routes, navigate large apartment complexes, lower fuel costs, and improve customer satisfaction. In e-commerce, Amazon is using AI to help third-party merchants create stronger, more effective product listings, while on the advertising side, it's using AI to drive improved campaign performance through better targeting and more compelling ad content. All of this is leading to improved operating leverage in the e-commerce business. In Q1, its North American revenue rose 8%, while operating income jumped 16%. However, given that Amazon is still in the early innings of rolling out these AI initiatives, the best is yet to come. From a valuation perspective, Amazon trades at a forward P/E of 34.5 times, which is obviously much higher than Alibaba. Both Alibaba and Amazon are e-commerce leaders with strong, growing cloud computing businesses. Both have also embraced AI and are looking to be leaders in the field. In my view, Alibaba has more potential upside. It appears to be successfully turning around its e-commerce business, is an AI leader in China domestically, and has a big potential earnings driver with its AIDC business. Most importantly, it trades at a deep discount to Amazon. That said, Amazon is the safer play. Alibaba faces more risks from geopolitical tensions, tougher domestic competition, and a murky regulatory environment in China. Amazon, meanwhile, is a proven compounder that has shown time and again that it's willing to invest heavily in order to win big. While it faces typical retailer risks related to consumer spending, this is a company that I have little doubt will be a long-term AI winner. As such, for investors looking for more potential upside, Alibaba is the clear choice. However, from a risk-reward perspective, investors can't go wrong with Amazon. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alibaba Group 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 $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 174% 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 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Geoffrey Seiler has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Apple. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Best Stock to Buy Right Now: Alibaba vs. Amazon 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

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