Savers may want to lock in high interest rates for the long haul before they likely head lower later this year. But is 100 years too long? Concord, New Hampshire-based Walden Mutual Bank is finding out. The financial institution is offering a100-year Local Impact Certificate of Deposit (CD) paying a fixed 4.75% annual interest rate.
Investors in Coupang(NYSE: CPNG), South Korea’s biggest e-commerce company, have had a challenging time over the last few years. The company went public on March 11, 2021, at $35 per share and closed at an all-time high of about $50 later that month. But in the subsequent months and years, it slowly gave up all
With inflation picking up again and highly anticipated Federal Reserve interest rate cuts delayed, it may be a good time for Americans to tweak their investment and retirement portfolios, financial advisers say. While U.S. rate cuts are on hold, the European Central Bank (ECB) suggested last week that its first rate cut could come in
If there’s one financial concern that millions of Americans share, it’s anxiety about running out of money in retirement. Annuities are designed to address this fear by providing a stable stream of cash flow that you can’t outlive. Mutual funds, especially those focused around stock investments, play a potential role by offering a path to
WEST LAFAYETTE, Ind. — It’s official. SK hynix Inc., the world’s leading producer of high-bandwidth memory chips, will invest an estimated $3.87 billion in West Lafayette to build an advanced packaging fabrication and research and development facility for artificial intelligence products. This news came as leaders from the United States, South Korea, SK hynix, Indiana,