The Daily Money: Melinda Gates to step down

2025-01-12 00:07:23 source: category:Markets

Good morning! It's Daniel de Visé with your Daily Money.

Melinda French Gates is stepping down from the Bill & Melinda Gates Foundation, one of the largest charitable institutions in the world, the organization co-founder announced on Monday.

She said her last day of work with the Seattle-based global health and development charity will be June 7.

The Gates Foundation has made $77.6 billion in charitable contributions across more than 30 years.

What happens next?

A 100-year CD?!

Some investors shy away from certificates of deposit because they put your money out of reach for anywhere from a few months to -- 100 years?!

Walden Mutual Bank of Concord, New Hampshire, is offering a 100-year CD that pays a fixed 4.75% annual interest rate from now until . . . a century from now, Medora Lee reports.

If you're in for the really, really long haul, read her story.

📰 More stories you shouldn't miss 📰

  • California moves to protect landlines
  • GameStop stock surges anew
  • Dolly Parton, Krispy Kreme team up
  • How to avoid interest on a credit card

🍔 Today's Menu 🍔

Is McDonald's getting too expensive?

The company has faced criticism as prices soared in recent years, Mary Walrath-Holdridge reports, reducing revenue from lower-income consumers and thinning foot traffic in stores. As a result, Chief Executive Officer Chris Kempczinski said in a recent earnings call that McDonald's has to be “laser-focused on affordability."

McDonald's has since promised a reduction in prices and expressed interest in exploring more ways to win customers back, potentially including a new round of $5 meal deals.

Here's what's next for the fast-food chain.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

More:Markets

Recommend

Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade

HONG KONG (AP) — Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the tor

Kelsea Ballerini and Chase Stokes Are Calling Dibs on a Date Night at CMT Music Awards

Now this is a date night to be stoked about.Kelsea Ballerini and Chase Stokes were arm in arm as the

Why Brandi Cyrus Says Mom Tish Cyrus Is in Her Unapologetic Era

Tish Cyrus is marching to the beat of her own drum.At least, that's what her eldest daughter Brandi