EUROZONE AGREES TO LEND SPAIN UP TO 100 BILLION EUROS

By Jan Strupczewski and Julien Toyer / REUTERS BRUSSELS/MADRID (Reuters) – Euro zone finance ministers agreed on Saturday to lendSpain up to 100 billion euros ($125 billion) to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week. After a 2 1/2-hour conference call … Read more

Harvard Grad Joe Mihalic Explains How He Paid Off $90K in Student Loans & Calls Out His Haters

  On Friday, June 8, 2012, Financial Bin’s David Domzalski spoke with Joe Mihalic, a Harvard graduate who recently paid off $90,000 in student loans. You can follow Joe’s journey at his blog, NoMoreHarvardDebt.com or send him your questions at NoMoreHarvardDebt@gmail.com. We asked Joe — 1. Tell us a little about yourself. What’s your background? 2. … Read more

HOW COUPLES SABOTAGE THEIR FINANCES

By Chris Taylor / REUTERS NEW YORK (Reuters) – With a wedding coming up, you’d think Jay Buerck would be obsessing about the usual details: Writing vows, choosing appetizers, or figuring out seating charts to accommodate challenging relatives. But what worries the 29-year-old St. Louis marketing professional isn’t any of those things: It’s money. Not that he and his … Read more

Credit Card Mistakes Your Issuer Wants You to Make

By: Alicia Ranch-Traille (Alicia Ranch-Traille writes about personal finance and small business concerns. She hopes to help people make smart financial choices for their future!) Here’s a little secret: if you don’t make your credit card payment on time, the fee you’ll pay doesn’t go toward saving whales or rainforests. Mostly, it just goes straight … Read more

STERN ADVICE: THE CHEAP NEW TREND IN INVESTING

By Linda Stern / REUTERS WASHINGTON (Reuters) – How cheap can investing get? We’re about to find out. A new brokerage site will allow individual investors to build big research-driven stock portfolios for pennies. And a new investment advice site is providing tailored portfolio guidance for free. While Motif Investing (which sells complete portfolios of 20 or … Read more

IPO “WHISPER” ESTIMATES MAY BE HEARD AFTER FACEBOOK

By Alistair Barr and Olivia Oran SAN FRANCISCO (Reuters) – In the aftermath of the Facebook IPO, investor outrage – and lawsuits – have focused on “whisper” estimates of future results that underwriters shared only with some clients. The selective disclosures appeared to expose a regulatory loophole, and some bankers and securities lawyers now say … Read more

Your Money: Reading the Tea Leaves of Housing Data

Article By: Beth Pinsker Gladstone / REUTERS NEW YORK (Reuters) – Recent conflicting housing data has confused consumers and economists alike. Mortgage rates are hitting new historic lows, but, contrary to conventional wisdom, pending home sales and mortgage applications have declined. At the same time, home prices are rising. And that’s just this month. With … Read more