The national shortage of coins has been an unusual side effect of the pandemic. Among his victims? Vendors, washing machines and even the dental fairy. The Federal Reserve announced in June that the coin supply system was severely disrupted by the pandemic. Although there are still enough coins, they do …
Read More »IPO of electric cars Canoo will raise money to build ‘air on wheels’
Canoo CEO Ulrich Kranz likes to call his first model of the EV subscription a ‘spaceship’ rather than an ‘air on wheels’. Soon he expects to need the money to build Canoo’s initial model, which looks like a cross between a van and a shuttle bus. “This is going to …
Read More »Kohl’s (KSS) reports loss of Q2 2020 per share
A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Kohl’s revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which was not as bad as analysts feared as the coronavirus pandemic forced stores to close in the US …
Read More »Marks & Spencer to cut 7,000 jobs if clothing sales collapse
The UK retailer, which sells clothing, food and household goods, said in a statement on Tuesday that cuts to its 78,000-strong workforce would be made in support positions, in regional management and in its UK stores, “reflecting the fact that the change has been felt by the whole company. “ …
Read More »States seek $ 26.4 billion from drug companies in opioid litigation
States are asking for about $ 26.4 billion from major players in pharmaceutical industry to help pay for damages caused by the opioid crisis, people familiar with the matter said, the latest question in years of litigation that companies are trying to responsible for widespread drug addiction. The current talks …
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