IKEA Recalls Metallisk Espresso Makers Due To Burn And Injury Hazards

IKEA has recalled Metallisk espresso makers due to burn and injury hazards.

The company has recalled about 2,100 espresso makers sold in the U.S., in addition to about 5,200 sold in Canada and about 200 sold in Mexico. The recalled espresso makers with the stainless-steel safety valve can burst and expel hot contents, posing burn or other injury hazards to consumers.

The company said it has received 16 reports worldwide of the espresso makers bursting, including four reports of burns, scald injuries and hearing damage. However, no injuries have been reported in the U.S.

The recall involves IKEA Metallisk Espresso Makers with a stainless-steel safety valve for cooktop 0.4 1. The recalled espresso makers bear a date stamp between 2040 and 2204.

The company has asked customers to immediately stop using the recalled espresso makers. Units bearing date stamps 2040 through 2204 can be returned for a full refund to any Ikea store location or by mail using a pre-paid label.

The recalled products were sold at IKEA stores nationwide and online at IKEA.com from September 2020 through January 2022 for about $20.

Huffy Recalls Ride-on Toys Due To Fall And Injury Hazards

Huffy Corporation has recalled about 28,500 ride-on toys due to fall and injury hazards.

According to Consumer Product Safety Commission, the company has recalled Blue’s Clues Foot to Floor toys as the ride-on toy can tip forward when a young child is riding it, posing fall and injury hazards to children.

The company said it has received 19 reports of children falling forward while they were riding the toy, resulting in 18 facial injuries.

The recalled product involves Blue’s Clues Foot to Floor Ride-on Toys. The ride-on toy is made with plush light blue fabric with spots and is in the shape of the cartoon dog character Blue’s Clues. The ride-on toy has four wheels and has handlebars tucked behind the dog’s ears. The model number is 55061 with the date codes of 15221,15921, 19921, 21021, 22321, 23721, 26821, 28821 or 29421.

The recalled product were exclusively sold at Walmart stores nationwide and online from August 2021 through July 2022 for about $40.

Nutanix Climbs 30% After Reporting Narrower Net Loss In Q2

Shares of Nutanix, Inc. (NTNX) are gaining more than 30 percent on Thursday morning trade after the company reported narrower loss for the second quarter.

The hybrid multi-cloud computing company’s quarterly loss was $150.99 million or $0.67 per share, compared to loss of $358.18 million or $1.68 per share in the prior year.

Currently, shares are at $22.54, up 30.28 percent from the previous close of $17.30 on a volume of 9,206,559.

Lands’ End Stock Slips 15% On Q2 Results, Outlook

Shares of Lands’ End, Inc. (LE) are slipping nearly 15% on Thursday morning after the company reported its second-quarter results and outlook.

LE is currently trading at $11.76, down $2.06 or 14.91%, on the Nasdaq.

Net loss for the second quarter was $2.2 million or $0.07 loss per share, compared to net income of $16.2 million or $0.48 per share last year.

For the second quarter, revenues decreased 8.6% to $351.2 million from $384.1 million last year.

Looking forward to the third quarter, the company expects revenues to be between $375.0 million and $390.0 million and earnings to be between $0.03 and $0.12 per share. Analysts polled by Thomson Reuters currently estimate earnings of $0.26 per share and revenues of $398.44 million.

For fiscal year 2022, the company now expects revenue to be between $1.60 billion and $1.64 billion and earnings of $0.49 and $0.70 per share. Analysts polled by Thomson Reuters currently estimate earnings of $0.76 per share and revenues of $1.64 billion.

US Reports 1518 Covid Deaths In A Day

A recently unprecedented number of Covid casualties have been reported in the United States on Wednesday.

With 1518 additional deaths reporting on Tuesday, the total number of people losing their lives due to coronavirus infection in the country has risen to 1,046,267, as per Johns Hopkins University’s latest data.

153567 new infections on the same day took the total U.S. Covid cases to 94,535,279.

North Carolina reported the most number of deaths – 492 – and cases – 21,898.

4000 additional deaths were reported globally on Wednesday, taking the total number of people who lost their lives due to the pandemic so far to 6,495,448.

92,023,741 people have so far recovered from the disease, the Worldometer tally shows.

U.S. hospitals report a 9 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 8 percent.

U.S. Covid hospitalizations fell to 37,657. 4,518 of these patients are admitted in intensive care units.

The nation’s current test positivity rate is 14 percent.

As per the latest data published by the Centers for Disease Control and Prevention, 223,914,723 Americans, or 67.4 percent of the eligible population, have been administered both doses of Covid vaccine so far. This includes 92 percent of people above 65.

48.5 percent of the eligible population, or 108,540,822 people, have already received a booster dose that is recommended to provide additional protection from the killer virus.

C3.ai Tumbles 20% As Q1 Loss Widens

Shares of software provider C3.ai, Inc. (AI) tumbled 20 percent on Thursday’s trading continuing their downward trend since the past few days. The stock was negatively impacted by the company posting wider net loss in the first quarter of 2023. Net loss per share widened to $0.67 from $0.37 a year ago.

Currently at $14.12, the stock has traded between $13.37 and $53.82 during the past 52 weeks.