When Robert Sneed found $2,000 at a store last month, he didn’t hesitate to do the right thing. The young Army veteran was out picking up groceries at an Ohio Walmart with his toddler daughter one evening when he found the cash in a shopping cart. Arriving at the store in Gallipolis, Mr. Sneed pulled a…
Ohio Dad Finds $2,000 in Shopping Cart at Walmart With Daughter—Here’s What He Does Next
IN-DEPTH: Bank Branch Closures Leave Vacant Buildings, Inconvenienced Customers
July 7, 2023
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bank closuresBusiness & MarketsBusinesses in COVID-19casheconomypersonal financereal estateUSUS NewsUS Real Estate
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When Pamela Bigelow, a lifelong resident of Duncan, Arizona, goes to the bank, she must make a day of it. Duncan, population 677, lost its last bank branch about six years ago. Now, when Duncan residents need cash, a cashier’s check, or to get a loan, they must travel 40 miles to the copper mining…
Suspect in Fatal Stabbing of Cash App Founder Pleads Not Guilty
May 19, 2023
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appCaliforniacashCrime & Public SafetyCrime and IncidentsNorthern CaliforniaRegional & State NewsstabbingState NewsTechUSUS News
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SAN FRANCISCO—Tech consultant Nima Momeni pleaded not guilty Thursday to a murder charge in the stabbing death of Cash App founder Bob Lee on the streets of San Francisco. San Francisco Superior Court Judge Victor Hwang ordered Momeni, 38, kept in jail without bail, saying he posed a public safety risk if released. Momeni, who…
Family Finances: a Vintage Budgeting Method is Back
By Lisa Gerstner From Kiplinger’s Personal Finance In a video from TikTok account AbundantGains, a woman separates cash from her paycheck into clear plastic envelopes with labels: $40 for Black Friday shopping, $50 toward getting a tattoo, $355 to save for a future home purchase, $215 for a vacation. There’s something satisfying and soothing about…
Saying No to a Cashless Society to Teach Children Proper Spending Habits
Commentary A mother gave her 8-year-old daughter $20 to spend at a theme park. The child—let us call her Nancy—wanted to buy a colourful T-shirt with her money. The mother, who had also prepared a delicious lunch box, chaperoned her excited child. At lunchtime, the child observed other children eating luscious chips, and she asked…
Over 1 Billion Canadian Coins Went Out of Circulation During Lockdowns: Canadian Mint
Over a billion Canadian coins went out of circulation during COVID-19 lockdowns, says the Royal Canadian Mint, while noting the pandemic contributed to the economy’s shift away from cash. “The pandemic unexpectedly caused the supply of recirculating coins to decline, which meant that fewer recirculating coins were available to meet coin demand,” read the Mint’s…
Europe Burns Cash to Help Businesses in Deepening Energy Crisis
September 22, 2022
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BritainBusiness & Marketscasheconomic policieseconomyelectricityenergyEuropeMarketspartialRussia-Ukraine WarUniperWorld
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BERLIN/LONDON—Germany nationalized gas importer Uniper on Wednesday and Britain said it would halve energy bills for businesses in response to a deepening energy crisis that has exposed Europe’s reliance on Russian fuel. Russian President Vladimir Putin added to the upward pressure on energy prices by announcing a partial military mobilization, in the biggest escalation of…
Banks and Corporations Feeding ‘False Narrative’ That Consumers Are Driving Cashless Society: Expert
September 21, 2022
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banksBusiness & Marketscashcontactless bank cardseconomic policieseconomyRishi SunakThe Bank of EnglandUKWorld
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The author of a new book has warned of a “false narrative” being peddled by UK corporations and banks, and being supported by politicians, that the drive towards a cashless society is being driven by consumers and is an inevitable sign of technological progress. Brett Scott, a former finance industry worker who has written “Cloudmoney:…
Kids-for-Cash Judges Ordered to Pay More Than $200 Million
Two former Pennsylvania judges who orchestrated a scheme to send children to for-profit jails in exchange for kickbacks were ordered to pay more than $200 million to hundreds of people they victimized in one of the worst judicial scandals in U.S. history. U.S. District Judge Christopher Conner awarded $106 million in compensatory damages and $100…
How Important Is It to Have Cash on Hand?
I’m sure that you’ve heard the adage “cash is king” at some point. But, where exactly did that phrase originate from? And, what exactly does it mean? Well, the origin isn’t crystal clear. But, falling the 1988 global stock market crash, it was used by Pehr G. Gyllenhammar, who was the Chief Executive Officer of…
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