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Kharg Island exports 90 percent of Iran's crude oil. It has also become a potential U.S. target. Peter Eavis, our Business reporter, examines how the small island in the Persian Gulf has become a strategic target with significant risks.
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U.S. Postal Service seeks 8% fuel surcharge for package deliveries as Iran war raises oil prices CNBCExclusive | Postal Service to Impose Its First-Ever Fuel Surcharge on Packages WSJPostal Service to implement first-ever fuel surcharge amid mounting fuel costs, financial challenges Fox Business
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Jury finds Instagram and YouTube liable in a landmark social media addiction trial AP NewsMeta and YouTube Found Negligent in Landmark Social Media Addiction Trial The New York TimesBig Tech critics hail ‘Big Tobacco moment' in landmark social media verdict | CNN Business CNNJury orders Meta and Google to pay woman $6 million in social media addiction trial NPRJury finds Meta and YouTube liable in landmark youth addiction case PBS
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Analysts see ways that Microsoft could ultimately improve trends in its cloud and software businesses, but they may take some time to manifest.
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Early Spotify and Delivery Hero backer Lead Edge Capital has raised $3.5bn for its biggest fund yet, with eyes on software, internet and tech-enabled business investments.
The post Lead Edge Capital scores biggest capital raise yet with oversubscribed $3.5bn Fund VII appeared first on AltAssets Private Equity News.
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Are you thinking of retiring soon? Perhaps earlier than you had planned years ago? A potential hurdle could be the incentives set up by the Social Security Administration - they calculate your benefits to reward you for staying in the workforce.
But if you are looking to take an early retirement, you're not alone.
SEE MORE What If I Retired Today?
In the first 15 months of the COVID pandemic (March 2020-May 2021), about 2.5 million Americans retired. That was about twice the number of people who retired in 2019. This means there were essentially 1.2 million fewer people in the workforce over the age of 55 than would otherwise be expected.
First, find out what Social Security benefits you can expect
For anyone born in 1943 or later, your full retirement age, as defined by the Social Security Administration, is between age 66 and 67, based on your birth year. If you're contemplating retiring before that, it's important to know that the Social Security program has been orchestrated to incentivize beneficiaries to delay claiming benefits. Specifically:
If you start taking benefits at age 62, your Retirement Benefit will shrink by 25% to 30%, depending on your birth year. That's because your lifetime annual benefits are decreased by approximately 8% for each year prior to your full retirement age you start to claim them.Conversely, your lifetime annual benefits increase by 8% for each year past your full retirement year if
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