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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.

Facebook perks part of Meta downfall

CEO Mark Zuckerberg indicated Wednesday Meta Platforms has reduced lavish employee perks amid broader cost-cutting measures across Facebook's parent company.