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US bank profits to rise on deals, but Iran war fuels outlook uncertainty

US bank profits to rise on deals, but Iran war fuels outlook uncertainty

By Nivedita Balu April 8 (Reuters) - Large U.S. banks are set to post higher quarterly earnings on strong interest income and investment banking fees, analyst estimates show, though investors will focus on forecasts as rising geopolitical risks involving Iran add to macroeconomic uncertainty.
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Analysis-How the math works on a $1.75 trillion SpaceX valuation

Analysis-How the math works on a $1.75 trillion SpaceX valuation

By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) - Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there.
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PIMCO weighs $14 billion debt deal for Oracle's Michigan data center, Bloomberg News reports

PIMCO weighs $14 billion debt deal for Oracle's Michigan data center, Bloomberg News reports

April 7 (Reuters) - Pacific Investment Management Co. is in talks with the Bank of America to help provide roughly $14 billion of debt financing to build an Oracle data center in Michigan, Bloomberg News reported on Tuesday, citing people familiar with the matter.
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Goldman Sachs Reports AI Displacing 16,000 U.S. Jobs Monthly, Impacting Gen Z

Goldman Sachs Reports AI Displacing 16,000 U.S. Jobs Monthly, Impacting Gen Z

Goldman Sachs Reports AI Displacing 16,000 U.S. Jobs Monthly, Impacting Gen Z
Reuters Reuters
US short-term credit market shows early signs of stress as Iran war persists

US short-term credit market shows early signs of stress as Iran war persists

By Gertrude Chavez-Dreyfuss NEW YORK, April 7 (Reuters) - A prolonged war in the Middle East is starting to ripple into U.S. short-term credit markets, where subtle strains are emerging that could amplify liquidity risks.
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Pega Launches AI Tool to Modernize U.S. Federal IT Systems

Pega Launches AI Tool to Modernize U.S. Federal IT Systems

Pega Launches AI Tool to Modernize U.S. Federal IT Systems
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Boston Consulting Group Analysis: AI to Reshape Over Half of U.S. Jobs, Impacting Employment Landscape

Boston Consulting Group Analysis: AI to Reshape Over Half of U.S. Jobs, Impacting Employment Landscape

Boston Consulting Group Analysis: AI to Reshape Over Half of U.S. Jobs, Impacting Employment Landscape
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AP says it will offer buyouts as part of pivot away from newspaper-focused history

AP says it will offer buyouts as part of pivot away from newspaper-focused history

The Associated Press says it will offer buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their print journalism that sustained the company for more than 1½ centuries
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Deal, delay or strike? Investors on edge as Trump's Iran deadline nears

Deal, delay or strike? Investors on edge as Trump's Iran deadline nears

April 7 (Reuters) - Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S.
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Pegasystems Launches Pega Blueprint to Modernize Federal IT Systems

Pegasystems Launches Pega Blueprint to Modernize Federal IT Systems

Pegasystems Launches Pega Blueprint to Modernize Federal IT Systems
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AP says it will offer buyouts as part of pivot away from newspaper journalism

AP says it will offer buyouts as part of pivot away from newspaper journalism

The Associated Press says it will offer buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspaper journalism that sustained the company for more than 1½ centuries
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JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher

JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher

By Saeed Azhar NEW YORK, April 6 (Reuters) - JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects.