Cyprus Crisis Boosting Value of Bitcoins
Luis M Molina/Getty Images(NEW YORK) — Currency markets are keeping close track of Cyprus’ banking crisis and are braced for possible repercussions, but one currency has thrived in the chaos and zoomed in value — Bitcoins.A Bitcoin is a digital curre…
Virginia Lawmakers Want Their Own Currency, But Don’t Bet on It
Nick M Do/Getty Images(RICHMOND, Va.) — Will Virginia start minting its own currency? It’s an idea worth considering, according to the state’s House of Delegates.The lower chamber passed a bill on Monday to study the possibility. The legis…
Consumers Remain Cautious About Spending
Brand X Pictures/Thinkstock(NEW YORK) — With all the market euphoria, a rally in the housing market, plus gains for auto sales, it may be surprising that U.S. consumers are still very cautious about spending money. A government survey released late la…
Feds: Counterfeit Money Being Made with Everyday Office Equipment
Adam Gault/Thinkstock(NEW YORK) — Millions of counterfeit dollars are flooding cash registers, and more often than not, this “funny money” is being manufactured using everyday office equipment, federal authorities said.Heath Kellogg, a gra…
The Vatican No Longer Accepting Credit Cards
Brand X Pictures/Thinkstock(VATICAN CITY) — For those hoping to visit The Vatican in Rome, keep your plastic to yourself: the symbolic seat of the Catholic Church is going cash-only.
The decision was implemented after a lengthy review by the Italian C…
Cissy Houston and Bobbi Kristina Reach Agreement on Whitney’s Fortune
Jason Merritt/Getty Images(NEW YORK) — Whitney Houston’s mother has reportedly reached an agreement with Bobbi Kristina as to how her mother’s multi-million dollar fortune will be paid to her, TMZ reports. Cissy and Pat Houston, who are both co-execut…
Most Kids Not Learning About Financial Responsibility in School
Wavebreak Media/Thinkstock(NEW YORK) — America’s children may be back at school, but how much are they learning about money? Apparently, not much.According to a new poll of parents by RetailMeNot.com, 70 percent say their children are not being …
Survey: Money Number One Cause of Conflict for Young Couples
Wavebreak Media/Thinkstock(NEW YORK) — Money can’t buy happiness, but the lack of it can cause conflict for young couples, whether they’re engaged, just married or expecting a child.
A survey commissioned by Chase Card Services and X…
George Zimmerman Prepared to Flee US with $130,000, Judge Says
Joe Burbank/Orlando Sentinel-Pool/Getty Images(SANFORD, Fla.) — George Zimmerman was preparing to flee the U.S. with his wife and $130,000 donated by supporters while he was out of jail on bond awaiting his murder trial for the death of Trayvon Martin…
Good Samaritans Return $13,000 Found on Garbage Can
WKRN/ABC News(CLARKSVILLE, Tenn.) — A trip to the convenience store for a soda led to a surprising discovery and a wild goose chase for a Tennessee couple after they found a bag stuffed with nearly $13,000.Kristy Allen of Clarksville, Tenn. spotted a …
Detroit Man Gambled Away Over $1.5M After ATM Error
Hemera/Thinkstock(DETROIT) — A Detroit man is facing 15 months in prison after he was able to withdraw unlimited cash from his Bank of America account that only held a few dollars.Ronald Page, 55, took advantage of a bank mistake that placed his accou…
Staying Fit Can Mean More Money in Your Paycheck
Jupiterimages/Thinkstock(CLEVELAND) — Everyone knows exercising is good for your health, but what few of us may realize is that it’s also good for your pocketbook.According to Vasilios Kosteas, the lead author of a new study out of Cleveland State Uni…
Want More Money? Move to the Mid-Atlantic or New England
Nick M Do/Getty Images(NEW YORK) — Want to get richer during your lifetime? Live in New York, New Jersey or Maryland, according to a groundbreaking study released Thursday by the Pew Center on the States. People living in the Mid-Atlantic and New Engl…
Can Going Without Money Hurt the Economy?
Burke/Triolo Productions/Thinkstock(MOAB, Utah) — Daniel Suelo is 51-years-old and broke. Happily broke. Consciously, deliberately, blessedly broke. Not only does he not have debt, a mortgage or rent, he does not earn a salary. Nor does he buy food or…
European Markets Sharply Decline, Possibly More Bad News for US Economy
iStockphoto/Thinkstock(NEW YORK) — Austerity measures in European countries are under fire, but there are no easy choices for the debt crisis many large European economies are embroiled in. As a result, markets in Frankfurt and Paris closed down about…
Allergic to Money? New UK Coins May Irritate Some
Hemera/Thinkstock(LONDON) — Who doesn’t love money? A little jingle in your pocket usually brings a smile to the face, but two new coins in the United Kingdom might leave some people literally itching to get away from them.The UK has decided to …
Love or Money? What Singles Really Want
Jupiterimages/Thinkstock(NEW YORK) — Like The Beatles sang: All You Need Is Love. But if push came to shove, would you give up a high-paying job for your significant other?Chemistry.com’s survey of 1,600 singles suggests that love does conquer a…
US Penny to Be Kept as Canada Bids Coin Farewell
iStockphoto/Thinkstock(WASHINGTON) — Loafer wearers, rejoice.Even though Canada will be saying goodbye to the 1-cent coin in the fall, it seems the U.S. penny is here to stay — for now.In 2008, then-Treasury Secretary Henry Paulson suggested eliminat…
Spare Change: Canada to Stop Making Pennies
Ablestock.com/Thinkstock(OTTAWA, Canada) — Say goodbye to the Canadian penny.Lawmakers in Canada have decided it makes little sense — or cents — to continue making the 1-cent coin. Canada’s minister of finance, Jim Flaherty, announced the penny&lsqu…
Apple Announces Dividend, Buyback
Kevork Djansezian/Getty Images(CUPERTINO, Calif.) — In a major turn away from the years when Steve Jobs was in charge, Apple Inc. is finally loosening up its purse strings, announcing both a $10 billion stock buyback plan and a dividend for shareholde…