Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
Asia Pacific markets were mostly in negative territory on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Indian Prime Minister Narendra Modi's Bharatiya Janata Party would have the first back-to-back majority in the lower house of parliament for a single party since 1984.Asia Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Ikea has issued a recall for at least 27 million chests and dressers that can easily tip over onto children, injuring or killing them, NBC News confirmed.
The furniture giant said Monday that after the three deaths of three children it is no longer selling its "Malm" series products because they "could be a danger," Ikea USA president Lars Peterson told NBC News.
"Please take them out of the room," Peterson said, adding that customers are eligible for a free repair kit to anchor the furniture to a wall. Refunds will also be offered.
The announcement comes after an anchor campaign last year — and amid staggering statistics: every 24 minutes, a child is sent to the emergency room by a falling piece of furniture or a television, according the federal government's watchdog agency, the Consumer Product Safety Commission. Every two weeks, a child dies.
"Children see something they're trying to get," commission president, Elliot Kaye, explained to TODAY last year. "They start to climb. The unit falls over."
More from NBC News:
Chuck Todd: Hillary Clinton may putTrump 'in a hole that he can't dig outof'
Angry President Obama Tears IntoDonald Trump Like Never Before
Pete Williams: Gunman Was On FBI Watch List
Among those to be killed by an Ikea Malm dresser was two-year-old Curren Collas. Two years ago, the boy's mother, Jackie Collas, went to his room to get him dressed. There, she found the dresser on the ground.
"I didn't see him anywhere, so I went over and kind of pulled everything apart," she said. "I saw the little top of his head trapped between the dresser" and the bed.
The dresser, Collas said, was not anchored to the wall.
"I never heard of that before," she said, adding that one of her "main goals right now is to just spread the word about anchoring anything that could fall."
In a statement to NBC News, Ikea said it issued the recall despite the anchor campaign, which resulted in the company sending out 300,000 kits.
"It is clear that there are still unsecured products in customers' homes," the statement says. "We believe that taking further action is the right thing to do."