If you're talking about cut and paste as you would do with files and folder on a Windows box you do it in a round about way.
Either Copy ⌘C, (Yes copy not cut), and then move, ⌘⌥V (a variation on paste ⌘V).
If you're a mouser.
Right click the File and choose Copy from.....
The right click the folder you want to move it to but hold down the option key and Paste item.....
...will change to Move item here.