Tuesday, 21 May 2024

Target Recalls Nearly Five Million Threshold Candles

American Woodmark Recalls 235K Kitchen Wall Cabinets

American Woodmark has recalled nearly 235,000 kitchen cabinets as they can detach from the wall, posing a risk of injury.

The company said there have been 90 reports of incidents involving 111 cabinets partially separating or detaching from the wall. No injuries have been reported.

The company has asked its customers to immediately stop using the recalled cabinets and contact American Woodmark for a free repair kit which includes two brackets with aesthetic covers and screws. The company said it will provide assistance with the repair kit installation if requested.

The recall involves Continental Cabinets Kitchen Wall Cabinets with model numbers CBKW3018, CBKW3030, CBKW3036, CBKW3612, CBKW3630 and CBKW3636. The recall also involves Hampton Bay Kitchen Wall Cabinets with model numbers KW3015, KW3018, KW3030, KW3036, KW3612, KW3630 and KW3636. The model names and numbers are printed on the product packaging or purchase receipt.

The recalled products were sold at Ace Hardware, Allied Building Stores, Cimarron Lumber Supply, Do it Best, House Hasson Hardware, HD Supply, True Value Company, and Wurth Wood Group nationwide, and The Home Depot stores. The cabinets were sold from February 2022 through March 2023 for between $80 and $265 depending on the cabinet model.

Oil Futures Settle Sharply Lower

Crude oil prices drifted lower on Thursday amid concerns about the outlook for demand and the recent data showing an increase in U.S. crude inventories last week.

A strong dollar weighed as well on oil prices.

The dollar index climbed to 103.62, gaining nearly 0.75%, amid optimism about a U.S. debt ceiling deal, and data showing a drop in U.S. jobless claims last week.

West Texas Intermediate crude oil futures for June ended lower by $0.97 or about 1.3% at $71.86 a barrel.

Brent crude futures were down $1.12 or 1.4% at $75.84 a barrel a little while ago.

U.S. oil inventories jumped unexpectedly last week but that was due to another release from the Strategic Petroleum Reserve, EIA data showed on Wednesday.

Crude inventories rose by 5 million barrels in the week to May 12 to 467.6 million barrels, compared with analysts’ expectations for a 900,000-barrel drop.

At the same time, gasoline inventories dropped as demand surged to its highest since 2021.

Edward Moya, Senior Market Analyst at OANDA says crude prices are sliding as the dollar rallies.” Good news for the economy is now bad news for the crude demand outlook as economic resilience will force the Fed to kill the economy,” he says, and adds: “Oil is becoming an easy trade, as it will track the dollar and not so much anything else. If China’s economic momentum returns that should help stop the dollar strength we are currently seeing.”

Kick Off Summer With These 5 Breezy Make-Ahead Salads

The best-kept secret about the season’s produce? It’s amazing in quick-to-make sides that only get better with time.

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

By Kay Chun

Gold Futures Settle Lower For 3rd Straight Day As Dollar Rallies

Gold prices fell on Thursday, extending losses to a third straight session, as the dollar surged higher amid optimism over progress in the debt ceiling talks, and on data showing a drop in U.S. jobless claims last week.

Following a meeting earlier in the week, President Joe Biden and House Speaker Kevin McCarthy, R-Calif., both expressed optimism a deal will be reached.

The dollar index climbed to 103.62, gaining nearly 0.75%.

Gold futures for June ended lower by $25.10 or about 1.3% at $1,959.80 an ounce, the lowest close in about eight weeks.

Silver futures for July ended down $0.264 at $23.633 an ounce, while Copper futures for July settled at $3.6895 per pound, losing $0.0650.

Data from the Labor Department showed that first-time claims for U.S. unemployment benefits fell more than expected in the week ended May 13.

The report said initial jobless claims slid to 242,000, a decrease of 22,000 from the previous week’s unrevised level of 264,000. Economists had expected jobless claims to dip to 254,000.

A separate report released by the Federal Reserve Bank of Philadelphia showed a continued contraction in regional manufacturing in the month of May, although the pace of contraction slowed by more than expected.

The Philly Fed said its diffusion index for current activity surged to a negative 10.4 in May from a negative 31.3 in April.

Target Recalls Nearly Five Million Threshold Candles

Target has recalled about five million threshold candles sold exclusively at its stores as the candle’s jar may crack or break during use and pose a risk of laceration and burn.

The recall involves certain Threshold Glass Jar 5.5 ounce 1-Wick, 14 ounce 3-Wick and 20 ounce 3-Wick Candles in multiple scents. The recalled item numbers are printed on the bottom of the glass jars. The full list of recalled candles can be found on the Consumer Product Safety Commission’s website.

Target said it received 137 reports of the candle jar breaking or cracking during use. Six injuries were reported, including lacerations and severe burns.

The company has asked its customers to immediately stop using the recalled candles and return them to any Target store for a full refund or contact Target to receive a prepaid return label to return the candles by mail.

The recalled candles were sold at Target stores nationwide and online at www.target.com from August 2019 through March 2023 for between $3 and $20.

Related Posts