Compound interest allows money to grow exponentially by earning interest on both the initial principal and accumulated interest. A $1,000 deposit at a 4% annual rate grows to $1,040 in one year, then ...

This is an excerpt from Dollar Scholar, the Money newsletter where managing editor Julia Glum teaches you the modern money ...

US interest rates in 2025 continue to be characterized as elevated, with the Federal Reserve implementing a slower pace of rate reductions than many had originally anticipated. Business Development ...