The Daily Money: Hate speech on Facebook?

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

Administrators of popular pro-Palestine groups are spreading antisemitic hate on Facebook, and parent company Meta isn’t doing enough to stop them, Jessica Guynn reports.

That’s the finding of a new study from the Center for Countering Digital Hate. Tests run by researchers in 10 Facebook groups with a combined 300,000 members found that the majority – 76% – of anti-Jewish hate speech was ignored by administrators, and 91% of accounts posting anti-Jewish hate were not removed.

Read the story to find out what happened when researchers reported the posts to Facebook.

Sam Altman to donate much of his wealth to charity

OpenAI CEO Sam Altman has pledged to donate the majority of his wealth, joining other billionaires contributing hundreds of millions of dollars to philanthropic causes, Anthony Robledo reports.

In a letter posted to the Giving Pledge earlier this month, the 39-year-old entrepreneur and his husband, Oliver Mulherin, said the money will be dedicated to supporting technology that "helps create abundance for people."

Altman is worth at least $2 billion, but no thanks to OpenAI, the firm responsible for ChatGPT.

Where did all his money come from?

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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Savers may want to lock in high interest rates for the long haul. But is 100 years too long?

Concord, New Hampshire-based Walden Mutual Bank is finding out, Medora Lee reports. The financial institution is offering a 100-year Local Impact Certificate of Deposit paying a fixed 4.75% annual interest rate.

Here are the details.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.