US banks hoard $3.3 trillion in cash amid fears of an economic slump

Tech Insider : Economy, Economy
SVB bank
SVB Financial's share price collapse is weighing on top bank stocks including JPMorgan and Bank of America.

Dado Ruvic/Reuters

LA considers ban on cashless businesses because they exclude low-income people, people of color, and seniors

Tech Insider : Politics
A woman counting money.
A woman counting money.

Catherine McQueen/Getty Images

WeWork warns it has 'substantial doubt' about whether it can keep going as a business

Tech Insider
WeWork
WeWork said Tuesday that is has "substantial doubt" about its ability to continue as a going concern. Its stock fell nearly 25% in after-hours trade.

Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images

The wartime economy is making Russians hoard cold hard cash more than ever — the money in circulation reached a record $187 billion in June

Tech Insider : Economy, Politics
A vendor counts Russian rouble banknotes at a market in Saint Petersburg
Russians are hoarding more cash amid the war.

Reuters

US money-market yields haven't been this juicy for 22 years, thanks to the Fed's interest-rate rises

Tech Insider
A dog in pink shades and covered in dollar bills.
A dog in pink shades and covered in dollar bills.

Geraint Rowland Photography/ Getty Images

'Rich Dad Poor Dad' author Robert Kiyosaki says cash is trash - and touts bitcoin as 'real money' after previously slamming it as speculative play

Tech Insider
Robert Kiyosaki
"Rich Dad Poor Dad" author Robert Kiyosaki.

Matt Carasella/Patrick McMullan/Getty Images

Nearly one third of US homebuyers in the last 6 months have paid all cash to avoid high mortgage rates

Tech Insider
The sign on a property for sale in Somerville, Massachusetts reads,
The sign on a property for sale in Somerville reads "Buy This Home I'll Buy Yours For Cash"

Thomson Reuters

Cash is king for millennials with the group shunning other assets like stocks and bonds, survey shows

Tech Insider
Cash
Millennials are allocating a third of their savings to cash, according to a new survey by Schroders.

Elise Amendola/AP

Here's what investors can do to protect themselves as banking turmoil continues to ripple through markets, according to Barclays

Tech Insider
People exchanging cash.
People exchanging cash.

Getty Images

People are pouring cash into money market funds at the highest rate since the start of COVID as depositors flee banking turmoil

Tech Insider
US dollar

(Photo by Xu Jinbai/VCG via Getty Images)

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