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Europe: Deal Done, Sort Of
After a marathon negotiation session that lasted well into the night, European leaders released a statement outlining the broad terms of a new deal to rescue Greece and contain the debt crisis. Here are the three main points of the deal: Restructure Greek debt: private banks agree to a voluntary 50 percent reduction of Greece’s debt. The [...]
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8 Best Secrets for Travel Deals
The holiday travel season is about to heat up, which means millions of Americans will be shelling out big bucks. After interviewing CBS News travel editor Peter Greenberg several times over the past couple of years, I decided to compile his 8 best travel secrets, which will help you save on your next vacation: Know when [...]
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Europe Summit: What to Expect
Today is supposed to be the deadline for a European debt deal. Since the meeting of European leaders doesn’t start until 7:15 PM in Brussels (1:15ET), the announcement will not occur until later this evening. From a variety of leaked sources, here’s what to expect: Restructure Greek debt: the plan is likely to reduce the [...]
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Europe: Inching Towards a Deal
The European debt crisis was the topic for the CBS Evening News last night, which drew an uncharacteristic number of responses from viewers. Here’s the segment: [video=6319346] The comments ranged from “I finally get why this is so important” to “stop the doom and gloom reporting” to “are you trying to scare the daylights out of retirement [...]
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Jill on Money: Annuities, Real Estate
Did you hear that seniors are getting a 3.6 percent raise? Yup, for the first time in two years, the government is hiking Social Security benefits. Most “Jill on Money” listeners know that Social Security won’t be enough to cover retirement needs, but just in case, here’s a quick TV segment on the topic: [video=6317966] Rene from [...]
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Week Ahead: Europe Deadline Nears
Another week, another deadline missed for Europe. Although German Chancellor Angela Merkel and French Prime Minister Nicolas Sarkozy previously promised that October 23rd was it—the date by which the European Union would finally address the sovereign debt and banking crisis, last Thursday they said a comprehensive plan will be unveiled at a second EU summit [...]
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Europe Nears Crisis: Weekend at Bernie’s Redux
French President Nicolas Sarkozy and German Chancellor Angela Merkel have moved the goal post, again. Although they previously promised that Sunday would produce a game plan for dealing with the European debt crisis, they now say that a comprehensive plan will be birthed at a second EU summit to be held by Wednesday (10/26) [...]
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Aunt Jill on The 404: Ice Cream Sandwiches, Apple Earnings, iPad Lesson
What would I do without The 404’s Jeff, Wilson and Justin? These three tech gurus struggle to keep me up to date, but it is truly a losing battle. After all, I thought an ice cream sandwich was just a Carvel Flying Saucer, but as it turns out…well, listen to the show to find out! The guys [...]
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Jill on Money: Roth, Investing for Retirement
Americans are failing when it comes to retirement. According to a new retirement IQ test from MetLife, respondents correctly answered only five of the 15 questions on retirement issues. Many underestimated how long they would live and how much they would need in retirement, while others had no idea the cost of long term care. [...]
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Week Ahead: Corporate Earnings on Tap
Earnings season enters week number two, with a slew of financial companies due to report. Earnings are expected to grow by 12 percent (compared to the third quarter of 2010) for S&P 500 companies and by 14 percent, without those darned financials. If those estimates hold, companies will be adding to their stash of $2 [...]
Market Update
Stocks finish mixed after Thursday's big rally
A quiet day on Wall Street ended Friday with major stock indexes little changed after a big rally the day before. The Dow Jon...
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