All articles tagged with #cash shortage
Gaza faces a severe food and cash crisis, with shortages of money due to destroyed banks and restrictions on cash inflows, leading to high prices, black market currency exchange, and people selling belongings or paying high commissions to access funds.
Astra, a struggling space company, has defaulted on a recent debt agreement and may not be able to raise the necessary cash as funds dwindle. The company failed to meet minimum cash reserve requirements associated with a $12.5 million note issuance, resulting in a debt of $8 million. While Astra is in discussions with other investors, there is no assurance that additional transactions will be completed in a timely manner, if at all. The company previously cut its workforce by 25% and is expected to report third-quarter results in November.
The U.S. Securities and Exchange Commission (SEC) is set to vote on new rules designed to prevent money-market funds from experiencing cash shortages during times of crisis, such as the 2008 financial crisis or the 2020 Covid-19 outbreak.
Some hospitals that invested heavily in hiring nurses during the pandemic are now facing financial strain and cash shortages. The increased spending on nursing staff was necessary to meet the surge in patient demand, but it has left these hospitals struggling to cover their expenses. The combination of reduced revenue from postponed elective procedures and the ongoing costs of maintaining a larger nursing workforce has created a challenging financial situation for these healthcare institutions.