Economy

Major bank: Stock market anxiety is approaching tariff crisis levels

Market anxiety is rising sharply in the wake of the war in the Middle East, writes Bloomberg.

Bank of America's index, which measures expected price movements in global options markets for stocks, interest rates, currencies and commodities, has risen to 0.79. The index peaked at 0.89 when the tariff surge was at its worst this spring.

- It is usually a sign of a macro crisis, says Mandy Xu, head of derivatives market analysis at Cboe Global Markets.

Meta's future
Sources: Meta launches savings package - may lay off one in five employees

Meta plans to lay off 20 percent of its employees, according to three sources to Reuters.

According to the sources, the plans were recently communicated from the company's management to managers in the organization. The cuts are said to be a way to compensate for major investments in AI, including investments in data centers and the recruitment of AI researchers with very high salaries.

A spokesperson for the company tells Reuters that the data is “speculative reporting”.