15 Stories

Can You Pass a Basic Test on Finances? Probably Not

The vast majority of Americans answered barely half of the questions correctly

(Newser) - When it comes to finances, Americans are doing generally better than during the recession. But when it comes to financial literacy, the picture is grim. According to a new survey of 27,564 Americans called the National Financial Capability Study that was put out by the FINRA Foundation , roughly two-thirds... More »

What Jeb Bush Spent $130M On

$50K on Vegas hotels, $5K on pizza

(Newser) - Some $130 million later, Jeb Bush is out of the running for president, but at least he had fun. He should have, anyway, according to campaign finances cited by the New York Times . In between dinners at the Yale Club and Nantucket's Westmoor Club, Bush and his aides stayed... More »

Caroline Kennedy Reveals How Much She's Worth

Between $250M and $500M, according to newly filed documents

(Newser) - Caroline Kennedy is rolling in the Benjamins—a lot more of them than previously believed, according to newly released documents. Fresh off her nomination to become the next ambassador to Japan , Kennedy was required to file financial information with the US Office of Government Ethics. What the paperwork reveals: a... More »

12 Celebs Have Finances Hacked and Posted

Beyonce, Jay-Z, Kim Kardashian among the exposed

(Newser) - A website has hacked and posted the private financial data of a dozen A-list celebrities and political figures, including Beyonce, Kim Kardashian, and Hillary Clinton. TMZ won't name the site, but says the FBI launched an investigation after credit card info, social security numbers, mortgages, and other data were... More »

Tips for Talking Money With Your Spouse

Carl Richards: Financial arguments 'come from surprises'

(Newser) - A financial discussion with your spouse can feel like a minefield of emotional surprises. Financial planner Carl Richards advises you to first have "the conversation before the decision gets made," which "can make a huge difference" in your relationship, he writes in the New York Times Bucks... More »

Coming Soon: Drug to Treat Gambling Addicts?

New study discovers why some people may take financial risks

(Newser) - Why are some stock traders and gamblers so willing to take financial risks? A new study shares a possible answer: Scientists found that people with higher levels of the neurotransmitter norepinephrine in a critical part of the brain related to sensory and reward systems are less sensitive to the pain... More »

Get Fit, Financially Speaking, in 2010

A 12-month guide to taking control of your finances

(Newser) - If your New Year’s resolution is to take control of your finances, you’re in luck: Brett Arends provides a handy month-by-month guide in the Wall Street Journal :
  • January: Max out your 401(k) contributions if your budget can handle it, or at least hit the company match level. Ideally,
... More »

Jackson Finance Mess Will Take Years to Untangle

Singer left behind perplexing jumble of assets and debts

(Newser) - Michael Jackson's death has left Sony execs groaning over the jumbled state of the singer's finances, the New York Times reports. Jackson was a shrewd investor and negotiator but was prone to wild spending sprees, according to some of the many financial advisers he hired and fired. Sorting out the... More »

Money Woes Ground Spidey, Other Musicals

Stephen Sondheim revue stumbles before opening

(Newser) - Financial woes are forcing more musicals to face the music: Spider-Man’s Broadway appearance has been delayed until next January, while Stephen Sondheim’s latest couldn’t raise the cash for tryout performances, Bloomberg reports. Spidey’s show, with tunes by U2’s Bono and the Edge, costs a record... More »

Men With Long Ring Fingers Make $$$: Study

(Newser) - The length of a man's ring finger may predict his success as a financial trader, the AP reports. Researchers at the University of Cambridge in England report that men with longer ring fingers, compared to their index fingers, tended to be more successful in the frantic high-frequency trading in the... More »

Actually, You Can Buy Me Love

New essay anthology explores love and personal finance

(Newser) - Freelance writer Marissa Belger married for love, relishing the warmth of her husband's clan and overlooking his lowly income—until he lost his job. In The Secret Currency of Love, a compilation of essays excerpted in Salon, Belger describes how her relationship to money surprised her. Adapting to poverty was... More »

Zuckerberg Spills the Beans About Facebook Finances

CEO's chattiness at staff meeting leaked

(Newser) - Mark Zuckerberg got talkative with the Facebook staff yesterday. The boy CEO shared intimate details of the privately-owned company’s finances to an all-staff meeting with an open phone-in line—“It was really unbelievable,” marveled one. The numbers indicated a fall from break-even grace for the company in... More »

How to Make Kids $$$$ Savvy

12 ways to teach the value of a dollar

(Newser) - It's never too early to get savvy about money. The Journal's Jonathan Clements explains how he's put his teens on the right track.
  1. Delayed gratification: When they spend their own cash, they make better decisions.
  2. Pace yourself: The Clements kids had to make a 3-month allowance last.
  3. Family values: Stories,
... More »

Compulsive Shopping Linked to Mental Woes

Disorder affects both sexes equally

(Newser) - Nearly 6% of the population suffers from compulsive buying, which is often linked to other problems with control and mood disorders, according to research in the American Journal of Psychiatry. About the same percentage of women and men are shopaholics, and addicts are likely to be young, near the limit... More »

KKR Joins IPO Party

After Blackstone's triumph, barbarians at the public gate

(Newser) - Corporate raiders Kohlberg Kravis Roberts & Co. have announced an initial public offering, on the heels of a wildly successful $34B IPO by rival Blackstone yesterday. The mammoth LBO group, whose boss Henry Kravis maintains a well known rivalry with Blackstone's Stephen Schwarzmann, waited to make sure Blackstone swam before... More »

15 Stories