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By Gail Collins

Opinion Columnist

Denver ties a record-high temp on Wednesday with 73 degrees

Denver tied a record-high temperature on Wednesday with 73 degrees.

The previous record-high for Dec. 1 in Denver was set in 1973, according to the National Weather Service. The normal high temperature on the date is 47 degrees.

Thursday’s Denver weather forecast calls for a high temperature of 73 degrees, and another record could be tied or toppled. The previous record high for Dec. 2 in Denver was 74 degrees set in 1885.

E-filliate Recalls 302K DEWALT Wireless Earphones

Rancho Cordova, California-based E-filliate Inc. is recalling about 301,800 units of DEWALT wireless earphones citing burn and fire risks, the U.S. Consumer Product Safety Commission said.

The recall involves DEWALT Jobsite Pro Wireless Earphones, which have a black and yellow neckband with wired earbuds.

Manufacture codes included in the recall are D4 1910, D4 1912, D4 2003, D4 2004, D4 2006, D4 2009, D4 2011, D4 2012, D4 2101, D4 2103, and D4 2104. If no manufacture code is present, the product is included in the recall.

The products were manufactured in China and sold at Home Depot, Lowe’s stores and other electronics stores and hardware stores nationwide and online at www.cyberguys.com from December 2019 through July 2021 for about $60.

According to the agency, the wireless earphones can overheat while charging or in use, posing burn and fire hazards.

The recall was initiated after E-filliate received 61 reports of the earphones overheating during charging or use, including five reports of fire and four reports of minor burn injuries.

Consumers are asked to contact E-filliate to receive a pre-paid shipment label to return the product directly to E-filliate in order to receive a free replacement.

In recent recalls, RFA Brands LLC, d/b/a myCharge in late October called back about 67,000 units of powerbanks as its lithium-ion battery could overheat and ignite, posing fire and burn hazards.

Electra Private Equity FY Loss Widens On Revenue Basis – Quick Facts

Electra Private Equity PLC (ELTA.L) reported pretax profit of 66.1 million pounds for the twelve months ended 30 September compared to a loss of 59.8 million pounds, prior year. Profit per share was 172.6 pence compared to a loss of 156.4 pence.

On a revenue basis, pretax loss widened to 4.4 million pounds from a loss of 1.8 million pounds. On a revenue basis, loss per share was 11.5 pence compared to a loss of 5.0 pence.

Investment income increased to 6.4 million pounds from 0.7 million pounds, previous year.

NatWest and RBS mobile apps down as customers scramble for assistance

Emily Ramsey partners with NatWest to encourage saving

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Thousands of reports have been made to DownDetector, stating issues with all forms of online banking with the two banks. Both banks are part of the NatWest Group, indicating a group-wide problem that has yet to be identified.

Customers are growing irate as the error messages they receive on mobile banking insinuates it is an issue on the users side. 

NatWest user Natasha Anne tweeted the NatWest Help Twitter account saying: “You definitely have an issue. And the fact that you ‘are not aware of an issues’ is a really big issue! Hope this is fixed, ASAP.”

An image was attached to her comment which showcased the error message she was receiving which read: “We’re sorry, some kind of error has occurred when trying to establish a connection between your device and ourselves. Please close the app and try again.”

Impax Asset Management FY21 Profit Surges, Lifts Dividend

Impax Asset Management Group plc (IPX.L), a specialist investor, reported Thursday that its fiscal 2021 profit before tax grew 173.7 percent to 45.7 million pounds from last year’s 16.7 million pounds.

Adjusted earnings per share were 33.9 pence, compared to 14.5 pence a year ago.

Revenue increased 63.5 percent to 143.1 million pounds from prior year’s 87.5 million pounds.

Assets under management or AUM increased 84.4 percent to 37.2 billion pounds from 20.2 billion pounds last year. Net inflows were 10.7 billion pounds, up from 3.5 billion pounds a year ago.

Further, the company proposed final dividend of 17.0 pence per share, bringing total for the year of 20.6 pence per share, up 139.5 percent from last year.

Looking ahead, Impax said it continues to be well positioned to benefit from the many regulatory, policy, market, and investor tailwinds.

U.S. Construction Spending Shows Modest Increase In October

The Commerce Department released a report on Wednesday showing a modest increase in U.S. construction spending in the month of October.

The report said construction spending inched up by 0.2 percent to an annual rate of $1.598 trillion in October after edging down by 0.1 percent to a revised rate of $1.595 trillion in September.

Economists had expected construction spending to increase by 0.4 percent compared to the 0.5 percent drop originally reported for the previous month.

The modest increase in construction spending came as spending on public construction jumped by 1.8 percent to an annual rate of $353.0 billion.

Spending on highway construction surged up by 2.4 percent to a rate of $102.5 billion, while spending on educational construction crept up by 0.2 percent to a rate of $82.2 billion.

Meanwhile, the Commerce Department said spending on private construction dipped by 0.2 percent to an annual rate of $1.245 billion.

Spending on residential construction fell by 0.5 percent to a rate of $774.7 billion, more than offsetting a 0.2 percent uptick in spending on non-residential construction to a rate of $470.3 billion.

The Commerce Department noted total construction spending in October was up by 8.6 percent compared to the same month a year ago.