Cosori air fryer recalled because of threat of fire

An Anaheim company is recalling 2 million air fryers sold across the United States after numerous reports of the devices overheating, catching fire, melting, and in some cases, burning their owners.

Atekcity Corp., the company behind the Cosori air fryer, has logged 205 such reports with at least 10 people hurt in air fryer meltdowns. Those users apparently suffered “superficial burn injuries,” the company said.

The air fryers, which were made in China, were sold at most major retailers from June 2018 through December for $70 to $130, the Consumer Product Safety Commission said.

The CPSC is recommending that owners stop using the air fryers and get a replacement from the company by registering their request at recall.cosori.com.

Owners who do register for a replacement air fryer will have to provide contact information and submit photos of the recalled unit with the cord cut off.

No receipt is needed to receive a replacement, the CPSC said in a statement.

The recall involves Cosori air fryers with these model numbers: CP158-AF, CP158-AF-R19, CP158-AF-RXW, CP158-AF-RXR, CAF-P581-BUSR, CAF-P581-AUSR, CAF-P581-RUSR, CP137-AF, CP137-AF-RXB, CP137-AF-RXR, CP137-AF-RXW, CS158-AF, CS158-AF-RXB, CS158-AF-R19, CAF-P581S-BUSR, CAF-P581S-RUSR, CAF-P581S-AUSR, CO137-AF, CO158-AF, CO158-AF-RXB, CP258-AF. The model number can be found on a label on the bottom of each unit or the user manual that came with the fryer.

Economy growth revised downward

The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said Thursday in a downgrade from its initial estimate.

The government had previously estimated that the economy grew at a 2.9% annual rate last quarter.

The Commerce Department’s revised estimate of the fourth quarter’s gross domestic product — the economy’s total output of goods and services — marked a deceleration from the 3.2% growth rate from July through September.

Thursday’s report revised down the government’s estimate of consumer spending growth in the October-December quarter, from a 2.1% rate to 1.4%. That was the weakest such showing since the first quarter of last year.

Business spending also slowed in the fourth quarter, suggesting that the economy lost momentum at the end of 2022.

More recent data, though, shows that the economy has since rebounded.

Markets rise, breaking 4-day losing streak

Stocks climbed Thursday after a see-saw day on Wall Street to break out of their longest losing streak since December.

The yield on the 10-year Treasury, which helps set rates for mortgages and other important loans, dipped to 3.88% from 3.93% late Wednesday.

On the losing end of Wall Street was Moderna, whose shares slid 6.7% after it reported its fourth-quarter profit tumbled 70% as COVID-19 vaccine sales fell and the drugmaker caught up on a royalty payment.

Domino’s Pizza dropped 11.7% despite reporting stronger profit than expected. Its revenue fell short of forecasts, and it lowered the top and bottom ends of its forecasted range for global sales growth in the next two to three years.

Lordstown Motors tumbled 11.4% to $1.09 after it said it’s temporarily halting production and deliveries of its Endurance electric pickup due to performance and quality issues with certain components.

Compiled from staff and Associated Press reports.