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Amazon plans to lay off 10K employees: report

Amazon will reportedly lay off 10,000 employees as soon as this week amid the uncertain economic environment, according to a report. It said the number of layoffs "remains fluid."

Americans see higher inflation ahead: NY Fed

Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.

Larry Summers: FTX could be an Enron

Former Treasury Secretary Larry Summers has suggested cryptocurrency exchange FTX's collapse could have similarities to energy firm Enron's scandal.