Posthaste: The stock market’s fear index is scary, says economist — but not for the reason you think

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Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. Meta, along with the company’s finance team, is dealing with a lot of moving pieces right now. Last week, the company agreed to a $16.7 billion settlement with California and a bipartisan group of 51 attorneys general…

The European Commission has penalized global tech firm Google [Alphabet] (NASDAQ:GOOG) under the Digital Markets Act (DMA) for the transgression of allegedly preferencing its own services on search over competitors. Google has been fined €890 million (over $1 billion). The EU claims that Google obfuscated alternative or potentially cheaper services from users. Google was previously…

Key Takeaways The U.S. began imposing a 1% tax on some money transfers to other countries this year. The tax on remittances applies to transfers sent as cash, money orders and cashier’s checks. Bank transfers and money sent via debit card or credit card are not subject to the tax. If you’ve ever sent money…

Key Takeaways According to a recent Pew Research analysis, 60% of Americans think of themselves as working class, up from 54% in 2024. Fully half of upper-income adults, those above Pew’s $155,600 threshold, also say they are working class. The phrase working class has no universal definition, causing some high-earners to identify with the label….

– In the world of very early retirement, we tend to ignore one of the most important things for normal retirees: the Social Security program. Don’t get me wrong, it’s a great thing for the 73 million people who currently draw benefits, and it provides an essential safety net for many who don’t have much…