All articles tagged with #cash
Jeff Gundlach, the 'Bond King' and DoubleLine Capital CIO, recommends a portfolio with about 20% cash and 20% real assets (including commodities and gold) as he expects no Fed rate cuts in 2026; he warns that stocks look pricey given upside risk to rates and advises avoiding risk assets until rate paths become clearer, noting gold could be bought aggressively if it falls below $3,500/oz and that gold trades around $4,750/oz today.
New York’s new law requires all food stores and retail establishments statewide to accept cash and bans charging extra for cash payments, effective March 21. There are exceptions: cash is not required for bills over $20, and in-person transactions only; retailers may offer to convert cash to a prepaid card but cannot charge a fee or require loading more than $1. Violations can incur fines up to $1,000 for a first offense and $1,500 for subsequent offenses, as the state aims to protect access to essentials for unbanked residents.
New York will require stores to accept cash starting March 21, 2026, banning cashless policies or charging higher prices for cash transactions; violations can incur civil penalties up to $1,000 for a first offense and $1,500 for each subsequent offense. There are exceptions, including denominations over $20, remote/online orders not placed in-store, and cash-to-prepaid-card devices (which may not charge fees or require minimum loads above $1). Enforcement is by the Office of the Attorney General, and complaints can be filed at 1-800-771-7755.
New York's cash-acceptance law takes effect March 21, requiring food stores and retailers to accept cash, banning higher prices for cash or mandatory card payments, with penalties up to $1,000 for the first violation and $1,500 for subsequent ones; exemptions include denominations over $20, remote orders, and cash-to-prepaid-card conversions (without extra fees).
Voters in Switzerland approved a constitutional amendment guaranteeing the right to use cash (franc banknotes and coins), with 73.4% in favor. The move, championed by the Swiss Freedom Movement, aligns Switzerland with Hungary, Slovakia and Slovenia in protecting cash as a legal right, amid a broader push toward digital payments. Cash usage in Switzerland has fallen over the years, but supporters say access to cash should be safeguarded.
Seven Ukrainian employees of Oschadbank were detained in two armored cash-transport vehicles carrying tens of millions of dollars and euros plus 9 kilograms of gold on suspicion of money laundering. Kyiv denounces the move as hostage-taking and political intimidation, tying it to broader Hungary–Ukraine tensions over Russian oil and the Druzhba pipeline.
An investor argues that Apple and Berkshire Hathaway remain the top buys for 2026: Apple’s strong Q1 showing driven by 23% year‑over‑year iPhone revenue growth and its high‑margin services, paired with Berkshire’s massive $378 billion cash hoard and diversified asset base, create a complementary, defensive‑growth duo that can weather AI hype and regulatory risks while providing capital allocation flexibility.
Charlie Sheen revealed on a podcast that he once wrote a $1 million check to Denise Richards as a joke for her birthday, which she surprisingly cashed a month later, catching him off guard. The incident highlights their complicated relationship and Sheen's candidness about past pranks and personal life.
Eight Americans were arrested in the Bahamas after police seized guns, ammunition, and undeclared cash from a docked boat on Bimini island, with ongoing investigations into the incident.
A New York City couple, James Kane and Barbie Agostini, discovered a safe filled with $100,000 while magnet fishing in a Queens lake. The NYPD allowed them to keep the cash, but the U.S. Treasury Department will need to piece together the damaged bills to determine the final amount. The couple plans to use the money to buy a home or invest in new fishing equipment.
A Queens couple, James Kane and Barbie Agostini, discovered a safe containing $100,000 in cash while magnet fishing in Corona Park. Despite the money being ruined by water, they were allowed to keep it as the owner couldn't be identified. The couple, who took up magnet fishing during the pandemic, have previously found various items including a WWII-era grenade and old guns.
A Queens couple discovered a safe containing an estimated $100,000 in cash while magnet fishing in Flushing Meadows Corona Park.
Thieves in Los Angeles pulled off a daring heist, possibly stealing up to $30 million from a money storage facility in Sylmar. Experts believe the crime required extensive planning and knowledge of security systems. The weight of the stolen cash could be as much as 3 1/2 tons, making it difficult to move and transport. This heist is among the largest in U.S. history, with parallels to famous heists in pop culture. The investigation is ongoing, and law enforcement is likely scrutinizing current and former employees of the facility.
Thieves stole $30 million in cash from a money storage facility in Los Angeles by breaking into the building and cracking the safe, marking one of the largest cash burglaries in the city's history. The facility, operated by GardaWorld, a global cash management and security company, was targeted on Easter Sunday, and the LAPD and FBI are jointly investigating the theft to determine the perpetrators. The heist has raised questions about the security measures in place at such facilities, with experts emphasizing the need for comprehensive protection against such large-scale thefts.
Thieves executed one of the largest cash heists in Los Angeles history, stealing $30 million from a GardaWorld money storage facility in Sylmar on Easter Sunday by breaching the building from the roof and accessing the safe without triggering alarms. The theft was only discovered by employees the next day, and the LAPD and FBI are now investigating the incident.