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2026-01-16 18:45:00| Fast Company

Almost 1 million Frigidaire mini-fridges are being recalled because they pose the potential to catch fire, according to a notice from the U.S. Consumer Product Safety Commission (CPSC) released on Thursday. The notice expands an earlier recall from 2024. Canada-based Curtis International is recalling another 330,000 mini-fridges, on top of the 634,000 units it recalled back in July of 2024. The company has received at least six reports of the model EFMIS121 mini-fridges catching fire and resulting in property damage, per the CPSC notice. The mini-fridges were sold exclusively at Target stores nationwide and online at Target.com from January 2020 through October 2023, for around $30. What is the reason for the Frigidaire recall? The mini-fridges internal electrical components can short-circuit and ignite the surrounding plastic housing, posing fire and burn hazards.  What are the product details? This recall covers Curtis International six-can Frigidaire-brand mini-fridges, model EFMIS121, with limited serial numbers, in addition to certain mini-fridges with model numbers EFMIS129, EFMIS137, EFMIS149, and EFMIS175 that were previously recalled. Frigidaire is printed on the front of the units. The model and serial numbers are on a label on the back of the mini-fridge. This recall includes only the serial numbers identified below. The items were sold in the color red at Target stores.  Brand and product name: Frigidaire-brand mini-fridges, model EFMIS121 (plus EFMIS129, EFMIS137, EFMIS149, and EFMIS175 from a previous recall) Units: About 330,000 Manufacturer: ShangYu North Electron Manufacture Co. Ltd. of China Importer: Curtis International Ltd. of Canada   Manufactured in: China Recall number: 26-199 Recall Date: January 15, 2026 What to do if you own one of the mini-fridges Consumers should immediately stop using the recalled mini-fridges and follow the instructions to register for a refund at recallrtr.com/minifridge. Consumers should unplug and cut the power cord and write Recall using a permanent marker on the front door of the unit. Consumers should dispose of the recalled mini-fridges in accordance with local and state regulations.


Category: E-Commerce

 

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2026-01-16 18:32:00| Fast Company

For a moment, Eric Adams was riding high. Fresh off trips to Dubai and the Democratic Republic of Congo, the now jobless ex-mayor of New York City was back in Times Square on Monday to announce his first initiative as a private citizen: a new cryptocurrency coin that would also serve to beat back antisemitism and anti-Americanism. Were about to change the game, he promised, without describing how, exactly, the digital asset would support those lofty ambitions. This thing is going to take off like crazy. But after surging to a nearly $600 million valuation within minutes of its launch, the new coin, dubbed NYC Token, went into free fall, losing nearly 75% of its value by that evening. The drop came after an account linked to the token’s creation withdrew $2.5 million worth of coins, according to the crypto-analytics firm Bubblemaps. Around $1.5 million was later returned, the firm said, though by then investor confidence had collapsed. To some cryptocurrency experts, the rollout had all the hallmarks of a rug pull. The scheme prevalent among celebrity-linked meme coins involves insiders hyping an asset then quickly dumping their stakes, saddling amateur investors with deep losses. Others have suggested that Adams and his inexperienced team were themselves duped by savvier investors, who took advantage of a sloppy launch. The debate has found Adams back in a mode of damage control that defined so much of his one-term mayoralty: denying misconduct, attacking the press and facing scrutiny about the competence of his inner circle of loyalists. Through a former campaign spokesperson, Adams has released multiple statements in recent days clarifying that he had not profited off the token and had not moved investor funds, calling reports otherwise false and unsupported by evidence. Like many newly launched digital assets, the NYC Token experienced market volatility, the spokesperson, Todd Shapiro, said Wednesday. Mr. Adams has consistently emphasized transparency, accountability, and responsible innovation. A machine lawyer and an Israeli hotelier Despite claims of transparency, Adams has so far declined to reveal his partners in the token. But two people close to the project confirmed that Frank Carone, Adams’ former chief adviser and one-time lawyer for the Brooklyn Democratic Party, was closely involved in the launch. The two people spoke to The Associated Press on condition of anonymity because they had been asked not to disclose the identities of people involved in the token’s creation. One of Carones former clients, Yosef Sefi Zvieli, a real estate investor linked to several Israeli hotels, was also part of its creation, Shapiro confirmed to The Associated Press. Zvieli, whose involvement was first reported by Business Insider, previously owned a college dorm in Brooklyn, which drew complaints from students of filthy conditions and neglect. After defaulting on his mortgage, Zvieli hired Carone as his attorney and was able to turn the troubled property into a city-financed homeless shelter. Their exact role in the token launch was not immediately clear, though at least part of Zvielis job involved reaching out to influencers ahead of the debut. Neither he nor Carone appeared to have direct experience in cryptocurrency. Messages left with the two men were not returned. As questions around the launch swirled this week, Adams sought guidance from Brock Pierce, the billionaire crypto investor, and former Mighty Ducks child actor, whose private jet he sometimes used as mayor. After looking into the project, Pierce said he was confident that no one has run off with anyones money.” Though he described himself as Adams crypto adviser, Pierce said he was only made aware of the project after its launch. Had I been consulted, I wouldve put together a team of more qualified people who knew what theyre doing, he added. Political-coin instability Even within the largely unregulated world of meme coins, experts say projects promoted by politicians are especially prone to unsavory trading practices. The president of Argentina, Javier Milei, has faced fraud allegations for his own crypto promotion, which drew thousands of investors before swiftly collapsing. Coins launched by President Donald Trump and his wife, Melania Trump, also saw significant price fluctuations upon release. The number of accounts that invested in NYC Token were far less than those ventures, totaling just over 4,000 as of Thursday, according to Nicolas Vaiman, the founder of Bubblemaps, which conducted an analysis of publicly available trade records. Roughly 80% of those accounts had bought in during a 20-minute period before Adams had announced the coin but after it was made available for purchase, the analysis found. The window, Vaiman said, provided an advantage to insiders involved in the launch and other traders who pay close attention to new tokens. Political coins are driven purely by attention, and the crypto community is aware that attention peaks right after the launch, Vaiman said. People know you don’t want to stick around, especially for such a vague prospect, like fighting anti-Americanism or antisemitism. What does it even mean? How are you going to achieve that in a token? The website for the coin says a portion of the proceeds will be divided evenly among three causes: antisemitism and anti-Americanism awareness campaigns, crypto education for the citys youth and a scholarship initiative. It does not detail which organizations will be supported, or what percentage of the proceeds will go toward charitable causes. Uncertain fate Adams has disputed that any money had been pulled by the token’s creators. He has said the appearance of withdrawals were the result of adjustments made by the designated market maker, an entity that buys and sells orders of a new token to ensure traders can make purchases without major price shifts. The market makers include FalconX, a well known digital asset broker. The company declined to respond to inquiries on the record. As of Wednesday, a majority of accounts that invested in the coin had lost money, according to the Bubblemaps analysis. Fiften traders were down at least $100,000, while 10 had netted $100,000. Pierce said he was still hoping the project could be salvaged, adding that the fate and outcome of this project will be determined in the coming days. But some in the crypto world had their doubts. It could be a legitimate project with just a really bad rollout,” said Benjamin Cowen, the founder of another crypto research analytics firm, Into the Cryptoverse. “But the way it was launched didnt instill a lot of confidence. Its hard to regain trust in the crypto community. Jake Offenhartz, Associated Press


Category: E-Commerce

 

2026-01-16 18:30:00| Fast Company

Rumors are circulating of potential strike action next month from CorePower Yoga instructors, who say they are paid less per hour than the cost of a single class drop-in fee.  CorePower Yoga has a cult following online, particularly for their Hot Sculpt classes, and currently has more than 200 locations across the US. But in the r/Corepower subreddit, a recent post urges members to pause or quit their membership to show support for instructors, who are fighting for fair wages and cleaner studios.  If you can stomach it to pause or quit your membership, it will benefit you as a consumer as well as the instructors who are paid on average $16/hour to teach and who are NOT paid for instruction preparation, playlist curation, and cue perfection, the post reads.  CPY instructors deserve better conditions and better pay to provide for you, the high-paying consumer. You deserve to get what you pay for. At ~$200/month, you deserve a pristine studio with well-compensated instructors. The subreddit is now full of members questioning if their local studio is striking, or claiming theyve paused their membership in support of instructors.  While details of the strike action remain unclear, in a separate subreddit dedicated to CorePower Yoga teachers, a graphic posted last month claims the striking staff are demanding $30/hour compensation for CorePower instructors, $20/hour for cleaners, and studios to be deep cleaned a minimum of four times a year, suggesting they currently arent (alleged incidents of cockroaches, ringworm and black mold have also plagued the subreddit).  One CorePower member brought the conversation to TikTok, where the video quickly gained over 170,000 views in just two days.  Actually I’ve been wanting to talk about this for a while, TikTok creator Carter Martin said in the clip. I go to CorePower. I’ve gone on and off for years. My best friend used to be an instructor, and I always thought it was insane that she got $20 to teach the yoga class.  She continued: You’re not just working the desk. You are literally teaching a specialized class based on specialized training that you’ve done and paid for through CorePower to be an instructor. CorePower teachers are 200-hour certified or are certified through CorePower Yogas Intensive Yoga Sculpt program, according to the companys website. This training can run prospective teachers anywhere from $1,400 up to $4,000. Once qualified, instructors online have reported making anywhere from $15 to $20 an hour. (The company provided instructor pay details and rates in an interview with The Cut.)  Fast Company has reached out to CorePower Yoga for comment.  Meanwhile, to attend a class, drop-in rates run $40 in major cities like New York, while unlimited studio memberships are currently $259 per month. This is something that we as instructors talk about all the time, another former instructor, Annie Williams, weighed in online. She goes on to detail how instructors are responsible for creating unique sequences for their classes, changed fortnightly, as well as the playlist. They are also required to arrive 30 minutes before class and stay 30 minutes after it finishes, she explained.  All of that work to get paid $20 to teach a class, Williams said in the video. It would just drive me insane when someone would come in and they had to pay $40 to take it. She added: I’m literally teaching 30 people.  For context, an instructor at a similarly buzzy fitness studio like Solidcore can reportedly make $100 per hour, when factoring in revenue share for a full class. Pay for class instructors at upscale gyms like Equinox, meanwhile, rumoredly starts from around $60-80 per class.  Some blame private equity for the studios decline. In April of 2019, CorePower Yoga was sold to private equity firm TSG Consumer Partners for an undisclosed sum. One month after that, over 1500 instructors joined a class action lawsuit alleging substantial underpayment of wages under the Fair Labor Standards Act. Later that year, CorePower Yoga agreed to pay $1,492,500 to settle allegations.  Price goes up, quality goes down, Martin concluded in her video. Another victim of private equity.


Category: E-Commerce

 

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