€617 a month in Germany, €0 in Spain
Who pays when an exchange gets hacked, an airline runs short or the ECB loses its boss - plus a chart of what a free bank account really runs on.
Latest
How much of your world ETF is one bet on AI?
Open the factsheet of the MSCI World index, the benchmark that several "world" ETFs track, and read the top of the list. Nvidia is 5.81%, Apple 5.41% and Microsoft 4.00%. Together those three companies are 15.2% of an index that holds 1,249 companies
Mass Effect, a $20bn loan, 400 layoffs
A broker that sponsors Ferrari prints its own loss rate. Plus where housing eats 40% of income across Europe, and what the dollar did to your US stocks.
Why your concert ticket costs what it costs (and who really keeps the money)
In August 2024, Oasis put their reunion tour on sale and the internet turned into a waiting room. Fans who had seen standing tickets advertised at £148.50 reached the front of the online queue and were asked for £355.20 for the same patch of floor, according to NPR&
You paid shrimp prices for ice
A bank app that went dark for a day, a lawsuit about what's really in the freezer bag, and why football clubs sell for billions while the leagues they play in lose money.
Google paid $2.7bn. Disney bid $20m
What was left of a chatbot unicorn after Google took the team, the airwaves that gave Verizon its worst day in 24 years, and a stock that listed at $43 and sold at $6.
France pays more than Greece to borrow
Greece runs a surplus, France can't pass a budget, and lenders have noticed. Also inside: the debt number that tells you more than net worth, and a contract clause worth 4% of your pay.
Who is actually paying for the AI boom?
The Brontë sisters owned railway shares. So did Charles Darwin and the novelist William Thackeray, according to the historians William Quinn and John Turner. By one estimate, about a quarter of all members of Parliament did too. In the mid-1840s, half of respectable Britain was betting on the new
The wealth record Europe missed
A $50 billion listing with $140 million in sales, a new investment account in Spain, and why long bonds had a bad September.
Financial Life Simulator: Live 18 to the End in 30 Minutes
I built a free game that lets you live a whole financial life, 18 to the end, in about half an hour - then replays it with one decision changed.
Most stocks lose to cash
An index that fired Volkswagen, a €5 fee aimed at your Temu basket, and a job market that's easy to keep and hard to enter - plus what £10 billion buys in a bank app.
Rates up, oil up, Buffett out
A rate hike you'll feel on your card bill, an oil shock you'll feel at the pump, and the end of the Buffett era - plus the coffee chart that explains your grocery receipt.
Personal Finance
How you actually withdraw the money
Two people retire on the same morning. Same age, same 600,000 in the pot, same low-cost world tracker, same plan to spend a little over 4% a year. Thirty years later, one of them dies with more money than they started with. The other ran out at 82
Newsletter
A 3% raise in a 3.4% world
Three numbers that quietly moved your money this week - and why the ECB's latest hike is already sitting on Europe's mortgage statements.
Newsletter
The EUR 70 saving that costs EUR 2,000
Why chasing a cheaper index fund can backfire, what Airbnb does with 12 billion dollars that isn't its own, and the trading habit two-thirds of young men regret.
Newsletter
The year the rate cuts didn't come
A central-bank U-turn, a record fine that barely dented Meta, and record profits your paycheck never saw - four numbers that moved this week, plus the chart that shows what 'safe' really pays.
Personal Finance
Why not just buy 30-year bonds at 6%?
Someone on Reddit asked the question that a lot of people are quietly thinking. If a 4% withdrawal rate is supposed to be safe for retirement, and a 30-year government bond pays around 6%, why bother with stocks at all? Just buy the bond, collect 6% forever, and skip
Personal Finance
Is it too late to invest at all-time highs?
You have money to invest. You open the app, look at the chart, and see a line that has gone almost straight up. The S&P 500 closed at 7,652.86 on 24 August 2026, a rounding error away from its own record. Some part of your brain
Newsletter
The $40 trillion in your mortgage
Washington borrowed its way past a round number this week, and the bill arrived in European bond markets. Plus: what one quarter of AI spending actually costs a shareholder.
Newsletter
The $1.42 trillion IOU behind the rally
Record borrowing is fuelling the market, the AI boom is quietly financing itself, and a struck-down tariff bill is now trading at a discount. Three numbers, and what they mean for your money
Newsletter
23,000 jobs gone. Stocks hit a record
Why a shrinking job market and a record-high stock market are the same story - plus the EUR 100 trick that beats every hot tip.
Newsletter
Ten stocks, 37% of your index
Europe just built a single price feed for your ETFs, Mexico quietly out-exported its own car industry, and a head-start calculation worth EUR 421,000. This week's letter.
Jumble
A diamond is forever. De Beers wasn't
De Beers spent 130 years convincing the world a diamond never loses its value. In July 2026, the company itself sold for less than the price of a new mine shaft.
Newsletter
The 0.05% that pays you EUR 8,130
A fee cut you did nothing to earn, a record quarter that burned through a billion, and a chart that makes the phrase \"euro-area debt\" fall apart.