Midea recalling 1.7 million of its popular air conditioners due to mold concern

June 7, 2025

(AP) — Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth. The news comes as temperatures are rising across the U.S. and the official start of summer rapidly approaches. The Midea air conditioners fit in windows and resonated with consumers because of their unique design, which allows consumers to close their window ‘through’ the unit. The U.S. Consumer Product Safety Commission said that the recall also includes approximately 45,900 units sold in ...

Sellers outnumber homebuyers: High prices and mortgage rates continue to skew the housing market

May 31, 2025

LOS ANGELES (AP) — Homeowners eager to sell may have to wait a while before a buyer comes along. As of April, the U.S. housing market had nearly 34% more sellers than buyers shopping for a home, according to an analysis by Redfin. Aside from April 2020, when the pandemic brought the ...

Stock market today: Wall Street wraps up its best month since 2023

May 31, 2025

NEW YORK (AP) — Wall Street closed its winning week and month with a quiet Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs. The S&P 500 finished the day nearly ...

Dozens sickened in expanding salmonella outbreak linked to recalled cucumbers

May 31, 2025

(AP) — Nearly four dozen people in 18 states have been sickened in an expanding outbreak of salmonella food poisoning tied to recalled cucumbers sent to restaurants, hospitals, cruise ships and grocery stores, including Target stores, federal health officials said Friday. At least 16 ...

Trump tells U.S. steelworkers he’s going to double tariffs on foreign steel from 25% to 50%

May 31, 2025

WEST MIFFLIN, Pa. (AP) — President Donald Trump said Friday that he’s doubling the tariff rate on steel to 50%, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods. Trump spoke at U.S. Steel’s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, near Pittsburgh to discuss investments by Japan’s Nippon Steel. The price of steel products has increased roughly 16% since Trump became president, according to the government’s producer price index. Trump said U.S. Steel will stay an American company under a deal ...

The penny costs nearly 4 cents to make: Here’s how much the U.S. spends on minting its other coins

May 24, 2025

NEW YORK (AP) — The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value. Months after President Donald Trump called on his administration to cease penny production, the U.S. Mint ...