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Half of small businesses only have a large enough cash buffer to allow them to stay in business for 27 days, if they stopped bringing in money
Half of small businesses only have a large enough cash buffer to allow them to keep business going for 27 days.
"A single dollar bill can be home to as many as 3,000 different bacteria and has changed hands upwards of a thousand times," said the CBA.
Investor sentiment collapsed in March amid the coronavirus pandemic fallout, Bank of America survey shows
The "outbreak of COVID-19 against an already fragile macro backdrop led to the biggest monthly drop in global expectations ever," BofA said.
Investors stockpiled a record $137 billion of cash in just 5 days as coronavirus fears sent them fleeing from risk
Government bonds also enjoyed record inflows, while investors withdrew from investment-grade, high-yield, and emerging market debt.
People should wash their hands after handling cash and try to use contactless payments instead, the World Health Organization says.
The People's Bank of China will also disinfect some bills and store them for 14 days before putting them back into circulation.
A hedge-fund billionaire who invests like Warren Buffett is hoarding cash and warning the bull market won’t last
"The rocket fuel that has propelled markets in 2019 will run out," Seth Klarman, whose nickname is the "Oracle of Boston," told his investors.
The founder of the world's biggest hedge fund argued a weaker dollar and growing money supply would erode the value of cash.
The South American country has been cash-strapped since facing global sanctions.
Uber is launching ‘Uber Money,’ a financial services team that could help it save money and pay drivers more quickly
The ride-hailing company wants to eventually offer bank accounts to drivers, and possibly even riders.