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Sources: Kalshi is targeting a December rollout for exchange-traded futures contracts tracking US inflation, rivaling exchanges like CME and ICE (Greg Ritchie/Bloomberg)

Kalshi Inc. is opening up a new frontier in its rivalry with traditional financial exchanges by pitching the world's largest banks and hedge funds on a futures market tied to US inflation.

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Amex to shrink workforce

The card company plans to cut 4.5% of its employees to become more “agile and efficient” as it adjusts to more use of artificial intelligence, CEO Stephen Squeri said.

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