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.
ASHEVILLE – A local renewable energy company has received a over half billion dollar investment to allow the company to expand their services and continue the development, operation and financing of solar energy production and energy storage facilities. Pine Gate Renewables, based in Asheville, has received a $650 million investment from three investment partners: Generate
Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them? Most of us, it seems, are pretty much clueless about annuities. In one recent study, the American College of Financial Services gave older Americans a score of 12% out of a possible 100%
The stock market, not to mention life itself, has been a rollercoaster over the past few years. In rinse-and-repeat-like cycles, stocks have tumbled as the pandemic, inflation or the Federal Reserve’s interest rate hikes have darkened the economic outlook — and rebounded as COVID or inflation have eased and the Fed has forecast market-friendly rate
For the last two weeks we’ve been looking at target-date funds. This is a re-examination of several articles I wrote on the subject over a decade ago. They were prompted by a report released by the Securities and Exchange Commission on how investors perceive these funds. Let’s just say the results showed a lot of
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
A clever stock ticker is more than just a gimmick. Whether it’s WOOF, EAT, or even the initials of a former president, a memorable stock symbol can help companies attract investors. One 2006 study from Princeton University psychologists found that stocks with ticker symbols that are easier to pronounce tend to perform better in the
Pressure at regional banks, a continuing downturn in U.S. office prices and elevated interest rates have money managers piling back into bearish wagers on one of their favorite sectors: commercial property. Data center real estate investment trust Equinix Inc. slumped to the lowest since January on Wednesday after Hindenburg Research said it was betting against