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New York retailers face statewide cash mandate starting March 21
business20 days ago

New York retailers face statewide cash mandate starting March 21

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.

via Newsday|
#business#cash#cash-acceptance
New York mandates cash acceptance for retailers starting in 2026
law21 days ago

New York mandates cash acceptance for retailers starting in 2026

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.

via WGRZ|
#cash#cashless#consumer-rights
Switzerland codifies cash as a constitutional right after nationwide vote
world1 month ago

Switzerland codifies cash as a constitutional right after nationwide vote

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.

via politico.eu|
#cash#constitution#digital-payments
Apple and Berkshire Hathaway: A Twin-Pillar Bet for 2026 and Beyond
investing2 months ago

Apple and Berkshire Hathaway: A Twin-Pillar Bet for 2026 and Beyond

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.

via The Motley Fool|
#apple#berkshire-hathaway#cash
NYC Couple Finds Safe with $100K While Magnet Fishing
human-interest1 year ago

NYC Couple Finds Safe with $100K While Magnet Fishing

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.

via Fox News|
#cash#human-interest#magnet-fishing
Couple Magnet Fishing in NYC Park Finds $100K Safe, Allowed to Keep It
local-news1 year ago

Couple Magnet Fishing in NYC Park Finds $100K Safe, Allowed to Keep It

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.

via New York Post |
#cash#local-news#magnet-fishing
"$30 Million Easter Heist: Inside LA's Largest Cash Burglary"
crime2 years ago

"$30 Million Easter Heist: Inside LA's Largest Cash Burglary"

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.

via The Associated Press|
#cash#crime#heist
"Unraveling the $30 Million Easter Sunday Cash Heist in L.A."
crime2 years ago

"Unraveling the $30 Million Easter Sunday Cash Heist in L.A."

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.

via NPR|
#cash#crime#gardaworld
"Massive $30M Cash Heist Rocks L.A. on Easter Sunday"
crime2 years ago

"Massive $30M Cash Heist Rocks L.A. on Easter Sunday"

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.

via The Daily Beast|
#cash#crime#heist
"Easter Sunday Heist: Thieves Make Off with $30M in Southern California"
crime2 years ago

"Easter Sunday Heist: Thieves Make Off with $30M in Southern California"

Thieves pulled off a sophisticated heist on Easter Sunday at a money storage facility in Southern California, making off with as much as $30 million in cash without triggering the alarm system. The break-in, one of the largest in L.A.'s history, involved breaching the building through the roof and accessing the vault undetected. Meanwhile, in a separate incident, jewelry exhibitors transporting $150 million in jewels with Brinks Security Company were robbed at a rest stop, leading to legal disputes. No arrests have been made in either case, and authorities are working on the investigations.

via KTLA Los Angeles|
#burglary#cash#crime