Stocks plunge: don't blame supercommittee
Global stock markets are falling, but it's not the supercommittee failure -- it's all about Europe (again).
Jill Schlesinger, CFP®, is the Emmy and Gracie Award-winning business analyst for CBS News, where she translates complicated business and economic news into understandable, relatable topics for everyday viewers and listeners. She covers the economy, markets, investing and anything else with a dollar sign on TV, on the "Jill on Money" podcast, radio (including her nationally syndicated show, "Jill on Money," which won the 2018 and 2021 Gracie Award for Best National Talk Show), the web and her blog, "Jill on Money." Jill also won a 2018 Personal Finance Reporting Award from the Radio Television Digital News Association (RTDNA)/National Endowment for Financial Education (NEFE).
Prior to her second career at CBS, Schlesinger spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.
Schlesinger's second book, "The Great Money Reset," was published in January 2023 by St. Martin's Press and her first book, "The Dumb Things Smart People Do With Their Money," was published in February 2019 by Ballantine Books.
Global stock markets are falling, but it's not the supercommittee failure -- it's all about Europe (again).
MoneyWatch Week Ahead: lawmakers select a deadline that coincides with one of the most beloved national holidays. Can they cut $1.2 trillion by midnight Monday?
Great financial questions on this week's radio show, including my very own rant about the need for financial literacy!
Radio show from November 12th...GREAT interview with a mortgage expert!
After two weeks in China, it was great to dive into questions about I-bonds, retirement strategies and college savings.
If the supercommittee kicks the "exploding can" down the road, look out below for stocks
OWS plans to disrupt subway service across five boroughs - how do their actions advance the cause?
US retail sales were better than expected, but the European debt crisis could undermine economic progress
Can we stop talk about Europe yet? The answer is yes, for now. But as my father likes to say, "it's never as good or as bad as you think!" In other words, when markets rocket higher, you should be a little skeptical and when they fall, you need to guard against fear-based actions. We started the ...
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 volunt...
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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 p...
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 ...
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 t...
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 sai...