The Daily Money: Melinda Gates to step down
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.
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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.