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Cleveland Fed President Hammack sees AI fueling inflation, says rate hikes may be necessary

Cleveland Federal Reserve President Beth Hammack said Tuesday that “insatiable” demand for artificial intelligence infrastructure is fueling inflation. Should that and other pressures continue to keep prices elevated, that could drive the need for higher benchmark interest rates, the central bank policymaker said in a CNBC interview. “We’ve got inflation that’s too high, and it’s...
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Surprising survey of American job satisfaction

Don’t believe the negative hype: At a time when consumer sentiment is near record lows, shift workers’ attitudes towards their jobs has actually gotten better over the past year, according to a survey released Tuesday. Deputy, a global firm that helps small businesses with schedule, human resources and affiliated services, said its annual survey showed...
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Comcast to separate media and tech wings; stock jumps 23%

Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies as it looks to better compete in a media landscape increasingly characterized by ‌pressure from streaming rivals and consolidation. The separation, which will happen via a tax-free spin-off of NBCUniversal and Sky, is expected to be completed in...
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