Olight Ecommerce Technology Co. Ltd. is recalling about 215,100 units of flashlights citing burn risk, the U.S. Consumer Product Safety Commission announced. The recall involves M2R Pro and Warrior Mini flashlights. The M2R Pro was sold in black, camouflage, desert tan, OD green, Patriotic Edition, gunmetal gray, orange, blue, ocean […]

New York (CNN Business)The Federal Reserve will likely hike interest rates on Wednesday, marking the end of the ultra-low rate environment the pandemic ushered in two years ago. The market expects a quarter-percentage point to be added to the benchmark rate, lifting it above zero. It would be the first […]

EXCLUSIVE: After months of legal anticipation after his December 2021 firing by Jeff Zucker, Chris Cuomo has just launched the official opening salvo in what looks to be protracted battle with CNN for not only $125 million in cash, but his character and family drama as well. “As a result […]

The Democratic-controlled House judiciary committee has referred retail giant Amazon Inc. (AMZN) to the Department of Justice, citing “potentially criminal conduct” by the company and its certain senior executives. In a letter addressed to the attorney general, Merrick Garland, lawmakers said that the retail company had engaged in a “pattern […]

New York (CNN Business)President Joe Biden is using his bully pulpit to call out the tendency for gasoline prices to go up like a rocket when oil spikes, but only drop like a feather when crude crashes. Biden fired off a tweet Wednesday morning highlighting the painfully slow decline in […]

Weapons have become an important part of the discussion about world order. The Russian attack on Ukraine has triggered shipments of hundreds of millions of dollars of weapons to the battered country. These have come from a wide range of nations, including the United States and many NATO members. Notably, […]

New York (CNN Business)Jet fuel prices are soaring along with other fuel costs. So are airfares. Blame the return of passenger demand — rather than fuel prices — if you pay more for a flight this spring or summer. The nation’s leading airline executives appeared at a JPMorgan investor conference […]

A fire broke out at the UK’s famed Pinewood Studios on Tuesday, the Buckingham Fire & Rescue Service has confirmed. Multiple reports suggest that the blaze broke out on the set of Disney’s live-action remake of Snow White, located on the Richard Attenborough stage. The upcoming film starring West Side […]

The United States on Monday recorded the lowest weekly average of Covid positive cases in nearly eight months. The seven-day average of 33858 cases, as per the latest tally published by the New York Times, reflects the pace at which the pandemic is subsiding in the country. The weekly average […]

Global military and defense spending reached an all time high of nearly $2 trillion in 2020. Much of this spending went towards arms procurement – the purchase of military equipment including tanks, aircraft, missiles, and other hardware and weaponry systems. Though many countries invest billions of dollars in defense each […]