More than 113,000 electric kettles sold at Costco and HomeGoods have been recalled after reports that the handles can detach and spill hot water, including one reported second-degree burn, according to the Consumer Product Safety Commission (CPSC).

The recall, announced May 14, involves ZWILLING J. A. Henckels Aktiengesellschaft Enfinigy Kettle and Enfinigy Kettle Pro electric stainless-steel kettles after reports of the handles loosening and separating, posing a risk of serious injury due to a burn hazard.

About 113,440 kettles were recalled in the United States, according to the CPSC report. An additional 43,963 were sold in Canada and 48 were sold in Mexico.

BLACKSTONE SEASONING BLEND RECALLED OVER POSSIBLE SALMONELLA CONTAMINATION

More than 113,000 ZWILLING electric kettles sold at Costco and HomeGoods were recalled after reports that faulty handles can detach and spill hot water, causing a burn hazard. (Justin Sullivan/Getty Images / Getty Images)

The firm received 163 reports of kettle handles loosening or separating, including five incidents involving handle separation and one reported second-degree burn.

The affected kettles can be identified by model numbers 53101-200 and 53101-201 for the 1.5L ENFINIGY Electric Kettle, and 53101-500, 53101-501, 53101-502, 53101-503 and 53101-504 for the 1.5L ENFINIGY Electric Kettle Pro. 

The model numbers and “ZWILLING” branding can be found on the bottom of the kettle and the power base.

MORE THAN 125,000 CHILDREN’S TOWER STOOLS RECALLED NATIONWIDE DUE TO POSSIBLE DEADLY DEFECT

ZWILLING Enfinigy electric kettles included in a nationwide recall are shown in multiple colors, including black, silver, rose gold and white. The kettles were recalled after reports of handles loosening or separating, posing a burn hazard. (U.S. Consumer Product Safety Commission / Unknown)

The electric stainless-steel kettles came in several colors, including black, silver, rose gold and white, according to the recall notice. ZWILLING branding appears on the kettle itself.

The kettles were sold at Costco, HomeGoods stores nationwide and online at zwilling.com from December 2019 through February 2026 for between $120 and $200.

Customers are urged to stop using the kettles immediately and to contact the brand in exchange for a full refund.

The kettles were sold at Costco, HomeGoods stores nationwide and online at zwilling.com from December 2019 through February 2026 for between $120 and $200. (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

GET FOX BUSINESS ON THE GO 

Consumers in the U.S. should also visit the brand’s website for instructions before disposing of the recalled product, including unplugging the kettle, cutting the cord and uploading a photo of it.

A representative for Costco did not immediately respond to FOX Business’ request for comment.

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of JOBY, UBER either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Sir Martin Narey, the former head of the Prison and Probation Services in England and Wales who brought the complaint about the adverts, said: “I thought they were frightening young women and terrifying their parents by exaggerating the likelihood of being raped.”

Leaving crypto in an earn account feels risky, at least at first glance. That instinct is understandable, given the industry’s history.

But it is also worth examining whether that instinct holds up under scrutiny, because the landscape has changed considerably over the past few years, and modern earn products on reputable platforms are built very differently from the structures that failed.

Products like CoinEx Flexible Savings are designed with transparency and liquidity at the forefront. Interest is generated by real borrowing demand, assets are fully backed by verified reserves, and users can redeem at any time without penalty. That combination addresses most of the concerns that made earlier earn products feel precarious.

Why Earn Accounts Have a Better Safety Record Than the Headlines Suggest?

The high-profile collapses that shook the industry between 2022 and 2023 were not failures of the earn account model itself. They were failures of governance, transparency, and asset management. Platforms that commingled user funds, operated without reserves, and obscured their financial position created the conditions for collapse. Those failures were real, and the damage to retail investors was serious.

What followed, however, was a significant industry-wide reckoning. Exchanges that had operated with limited accountability began facing pressure to publish verifiable reserve data. Those that already maintained full reserves and robust security infrastructure were able to demonstrate exactly why their earn products operated differently. The distinction between well-governed platforms and poorly governed ones became much clearer.

Proof of Reserves Changed the Conversation

Proof-of-reserves verification allows any user to confirm that the funds they see in their account are genuinely held by the platform. Exchanges that publish this data regularly and submit to third-party audits are making a quantifiable commitment rather than a marketing claim. That level of transparency is increasingly becoming the baseline expectation.

For users considering earn accounts, the presence of verified reserve data is one of the most meaningful signals available. It indicates the platform is not lending out user deposits beyond its capacity to cover withdrawals, which was the core mechanism behind the industry failures that generated the most public concern.

What Makes Earn Products Low Risk in Practice

• Flexible vs. Fixed Products

Flexible earn products allow instant subscription and redemption. Users can exit at any time, without notice periods or penalties, which limits their exposure to the duration they actively choose.

Fixed-term products typically offer higher yields in exchange for a commitment period. Users accept a longer window of platform exposure for a better rate. Both can be reasonable choices, but flexible products give conservative users the most direct control over their risk.

Sustainable earn yields come from lending to margin traders and borrowers on the same platform. Those borrowers pay interest, and the platform distributes a portion of that interest to savings depositors.

Because the yield is tied to genuine borrowing demand, rates fluctuate with market activity rather than staying artificially elevated. This is a meaningful indicator of a well-structured product. Rates that are consistently far above market norms, with no clear explanation for where the return comes from, warrant closer scrutiny.

Security Infrastructure on Modern Platforms

A well-operated exchange does not store all user assets in a single accessible location. Standard security architecture involves cold storage for the majority of holdings, with a smaller portion in hot wallets to handle withdrawals efficiently. Multi-signature protocols, physical system isolation, and real-time monitoring systems add further layers of protection against internal and external threats.

Platforms that have operated for many years without a major security incident have demonstrated something that newer entrants simply cannot offer: a track record. Longevity in the crypto exchange space, combined with growing user numbers and transaction volume, is evidence that the underlying infrastructure is functioning reliably under real-world conditions.

How to Use Earn Accounts Responsibly

The most sensible approach treats an earn account as one component of a broader allocation strategy rather than a passive storage solution. Keeping a portion of idle assets in a flexible earn product while maintaining personal custody of long-term holdings offers a balance between earning yield and limiting platform exposure.

Checking reserve publications periodically, paying attention to platform communications during periods of market volatility, and diversifying across multiple platforms for larger holdings are straightforward habits that reduce concentrated risk without requiring any technical expertise.

The Bigger Picture

Exchange earn accounts, when offered by transparent, well-capitalised platforms with verified reserves and strong security infrastructure, represent a genuinely useful tool for crypto holders. The risks that once made these products feel precarious have been substantially addressed by the generation of platforms that prioritise accountability. For investors who understand what they are using and choose their platform carefully, earning yield on idle crypto assets is a reasonable strategy.

One of America’s once-dominant beer brands is being discontinued after more than 175 years.

Schlitz Premium, a beer brand that traces its roots to Milwaukee in the 1840s and was once among the largest breweries in the country, is being put “on hiatus,” parent company Pabst Brewing Co. confirmed Friday after Wisconsin Brewing Company announced it would brew the brand’s final batch later this month.

“Unfortunately, we have seen continued increases in our costs to store and ship certain products and have had to make the tough choice to place Schlitz Premium on hiatus,” Zac Nadile, Pabst head of brand strategy, said in a statement to Milwaukee Magazine.

“Any brand or packaging configuration that is put on hiatus is still a cherished part of our history and hopefully our future. We continually look for opportunities to bring back beloved brands, and customer feedback is important in shaping those discussions.”

HEINEKEN TO CUT UP TO 6,000 JOBS GLOBALLY, LOWERS PROFIT GROWTH FORECAST AMID INDUSTRY STRUGGLES

The brand was founded in 1849 as the Joseph Schlitz Brewing Company in Milwaukee, Wisconsin. (Getty Images)

The Schlitz brand became famous for its longtime slogan, “the beer that made Milwaukee famous,” and was once the nation’s largest brewery before Anheuser-Busch overtook it in the late 1950s.

The company was originally founded in 1849 after August Krug opened a tavern brewery in Milwaukee. Joseph Schlitz later took over the business after marrying Krug’s widow and helped transform it into one of the world’s largest beer brands.

Schlitz rose to prominence after the Great Chicago Fire in 1871, when the brewery shipped beer to Chicago as residents struggled to access clean drinking water.

“It’s a nostalgia factor,” Joseph Conforti, general manager of Milwaukee Brat House, told ABC7 Chicago. “People from out of town are surprised that they still make it.”

HOW REAL AMERICAN BEER AIMS TO FULFILL LATE FOUNDER HULK HOGAN’S GOAL OF TOPPLING BUD LIGHT, RIVALS

Cars on Woodhaven Boulevard drive past a Schlitz beer billboard in Queens, New York, on Oct. 1, 1960. (Walter Leporati/Getty Images)

Schlitz began losing popularity in the 1970s after cost-cutting recipe changes altered the beer’s flavor. The brand was later sold to Stroh Brewing in 1982 before Pabst acquired it in 1999.

Kirby Nelson, brewmaster at Wisconsin Brewing Company, said the company wanted to give the historic beer brand a proper farewell after learning production was ending.

“We decided that, Schlitz being what Schlitz was, it deserved a proper sendoff. One with dignity and respect,” Nelson said.

A can of Schlitz beer, produced by Pabst Brewing Company. (Getty Images)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Wisconsin Brewing Company said it plans to brew “the last Schlitz” at its Verona, Wisconsin, brewery on May 23, with a limited release scheduled for June 27. Milwaukee-area bars and breweries are also planning farewell events tied to the final batches.

Representatives for Schlitz and Pabst Brewing Co. did not immediately respond to FOX Business’ request for comment.

The rapid digitalization of the global economy, combined with heightened geopolitical tensions, has significantly increased the frequency and severity of cyberattacks, posing a serious threat to global financial stability. The financial sector is particularly vulnerable, as sophisticated attacks targeting sensitive data and critical infrastructure can erode market confidence, cause deposit outflows, and trigger systemic shocks.

Key Points

• Rising Threat Landscape: Cyberattacks against financial institutions have more than doubled since the pandemic, with the magnitude of extreme losses from such incidents quadrupling to $2.5 billion since 2017.
• Systemic Risk: Financial firms, particularly banks, are primary targets. Successful attacks can lead to bank runs, market volatility, and the disruption of critical national payment systems, as evidenced by recent events in Lesotho and the United States.
• Third-Party Vulnerabilities: Increased reliance on third-party IT providers and emerging AI technologies expands the attack surface, creating the risk of widespread, simultaneous outages across multiple institutions.
• Policy Gaps: Many countries, especially in developing markets, lack sufficient national cybersecurity strategies or dedicated regulations to address these systemic threats.
• Recommended Actions: The IMF advocates for:
  • Enhanced board-level cybersecurity expertise and better organizational “cyber hygiene.”
  • Regular systemic risk assessments regarding institutional interconnectedness.
  • Improved data collection, incident reporting, and information sharing among financial participants.
  • Strengthened international cooperation to combat cross-border cyber threats.
• Resilience Focus: Since total prevention is unlikely, the sector must prioritize robust response and recovery procedures to ensure the continuity of critical business services during and after an attack.

To mitigate these risks, the IMF emphasizes that firms and regulators must move beyond individual defense mechanisms to establish comprehensive national and international cybersecurity frameworks that prioritize systemic resilience, improved governance, and standardized incident reporting.

To strengthen resilience in the financial sector, authorities should develop an adequate national cybersecurity strategy accompanied by effective regulation and supervisory capacity that should encompass:

• Periodically assessing the cybersecurity landscape and identifying potential systemic risks from interconnectedness and concentrations, including from third-party service providers.
• Encouraging cyber “maturity” among financial sector firms, including board-level access to cybersecurity expertise, as supported by the chapter’s analysis which suggests that better cyber-related governance may reduce cyber risk.
• Improving cyber hygiene of firms—that is, their online security and system health (such as antimalware and multifactor authentication)—and training and awareness.
• Prioritizing data reporting and collection of cyber incidents, and sharing information among financial sector participants to enhance their collective preparedness.

While cyber incidents will occur, the financial sector needs the capacity to deliver critical business services during these disruptions. To this end, financial firms should develop, and test, response and recovery procedures and national authorities should have effective response protocols and crisis management frameworks in place.

Other People are Reading