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Chime banks on resilient consumer spending to post maiden quarterly bottom line

Chime banks on resilient consumer spending to post maiden quarterly bottom line

By Pritam Biswas and Arasu Kannagi Basil May 6 (Reuters) - Chime posted its first-ever quarterly profit on Wednesday, as resilient consumer spending in the first three months of the year lifted demand for the financial technology firm's digital banking products.
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Insurer MetLife's quarterly profit jumps on strong Asia demand

Insurer MetLife's quarterly profit jumps on strong Asia demand

May 6 (Reuters) - MetLife reported a jump in first-quarter profit on Wednesday, lifted by broad-based gains across its diversified business on the back of robust insurance demand.
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Apollo's assets under management hit $1 trillion; fee earnings touch record high

Apollo's assets under management hit $1 trillion; fee earnings touch record high

May 6 (Reuters) - Apollo Global Management's assets under management surpassed the $1 trillion mark, driving its earnings from fees for the first quarter to record levels, the company said on Wednesday.
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Ex-JPMorgan Banker Chirayu Rana Falsely Claimed Father's Death for Bereavement Leave

Ex-JPMorgan Banker Chirayu Rana Falsely Claimed Father's Death for Bereavement Leave

Ex-JPMorgan Banker Chirayu Rana Falsely Claimed Father's Death for Bereavement Leave
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Analysis-SpaceX IPO gives Musk sweeping power and curbs shareholder rights

Analysis-SpaceX IPO gives Musk sweeping power and curbs shareholder rights

By Anirban Sen, Ross Kerber and Suzanne McGee NEW YORK, May 6 (Reuters) - SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving founder Elon Musk virtually unchecked executive authority when the rocket maker goes public later
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KKR profits rise on growing assets, deals pick up pace in first quarter

KKR profits rise on growing assets, deals pick up pace in first quarter

May 5 (Reuters) - KKR earned higher fees from managing a growing pile of assets and it benefited from a pick-up in deals in the first quarter, the buyout firm said on Tuesday. Shares of the company were up about 1% in trading before the bell.
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US SEC proposes allowing public companies to opt out of quarterly earnings reports

US SEC proposes allowing public companies to opt out of quarterly earnings reports

By Suzanne McGee, Douglas Gillison and Anirban Sen WASHINGTON, May 5 (Reuters) - Wall Street's top regulator on Tuesday proposed ending quarterly earnings reporting requirements for U.S.-traded companies and allowing them to switch to twice-annual reports.
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Anthropic Expands AI Offerings for Financial Sector with New Agents

Anthropic Expands AI Offerings for Financial Sector with New Agents

Anthropic Expands AI Offerings for Financial Sector with New Agents
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SpaceX to rent Memphis data center to Anthropic in big AI tie-up

SpaceX to rent Memphis data center to Anthropic in big AI tie-up

SAN FRANCISCO, May 6 (Reuters) - Elon Musk's SpaceX will give Anthropic access to its massive Colossus 1 artificial intelligence data center, bringing together two of the most prominent players in the artificial intelligence race.
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Live Nation posts upbeat quarterly revenue on steady demand for concerts

Live Nation posts upbeat quarterly revenue on steady demand for concerts

May 5 (Reuters) - Live Nation Entertainment beat analysts' estimates for first-quarter revenue on Tuesday, underscoring steady demand for concerts and live events even as the Ticketmaster parent faces mounting regulatory and legal scrutiny.
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GlobalFoundries forecasts upbeat second quarter on data center demand

GlobalFoundries forecasts upbeat second quarter on data center demand

May 5 (Reuters) - Specialty chipmaker GlobalFoundries forecast second-quarter revenue above Wall Street expectations on Tuesday, driven by acceleration in data center deployments globally. Shares of the company rose 6% in premarket trading.
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KKR-backed GMR eyes $5 billion valuation in US IPO

KKR-backed GMR eyes $5 billion valuation in US IPO

May 4 (Reuters) - Emergency medical services GMR Solutions said on Monday it was targeting a valuation of up to $5 billion in its U.S. initial public offering, as the pickup in new listings extends into May.