Klarna, a leading Swedish financial technology company, has reported that nearly 9 out of 10 employees in its workforce are now utilizing generative artificial intelligence tools in their daily work. This represents a significant shift towards incorporating AI technology into various aspects of the company’s operations. In fact, over 87% of Klarna’s employees are currently
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Gold price is known to react to various economic indicators, especially inflation data from the United States. Any signs of sticky inflation can reduce expectations of US interest rate cuts, which in turn can affect the price of gold. The upcoming reports on the US Producer Price Index (PPI) and the Consumer Price Index (CPI)
U.S. stock indexes showed a mixed performance on Monday, with the S&P 500 remaining below its record high from March. The reason for this subdued performance is the looming concerns regarding key inflation readings and upcoming earnings reports. Consumers are becoming increasingly worried about inflation, as indicated by a Federal Reserve Bank of New York
The DXY Index is currently showing mild losses at 105.35, suggesting a modest bearish trend. The focus of the market is on conservative comments from the Federal Reserve (Fed) and the expectations for April inflation data, which could impact the outlook for the US Dollar. The Fed’s stance on interest rates and the market expectations
Copper Futures HG_F has been displaying impulsive bullish sequences in the cycle from the 3.6592 low. This indicates a favorable environment for long positions at this point in time. The recent 3-wave pattern observed in the commodity, where buyers appeared at the equal legs zone, further strengthens the bullish outlook for Copper. The current analysis
The price of Brent crude oil is currently facing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern influencing the market is the uncertainty surrounding demand levels, putting significant pressure on the commodity. Recent statements from US Federal Reserve representatives have raised expectations that interest rates may stay high for an
In a surprising turn of events, Adam Dodds, the co-founder and CEO of U.K. stock trading service Freetrade, has made the decision to step down from his role and leave the company immediately. This move comes as a shock to many, considering Dodds’ instrumental role in building Freetrade from the ground up alongside his business
GameStop shares experienced a significant surge of over 40% in premarket trading on Monday, following a post by “Roaring Kitty,” the individual credited with triggering the epic short squeeze of 2021. Keith Gill, also known as DeepF——Value on Reddit, had been largely absent from the online platform since 2021. His influence led to a frenzy
As Wall Street prepares to open the trading week on a positive note, there is a sense of cautious optimism in the air. However, the looming release of key inflation data is casting a shadow over the markets, as investors anxiously await to see how it will impact the near-term direction. The Dow futures contract
On Monday, the price of silver (XAG/USD) experienced a slight decline, according to the latest data from FXStreet. Trading at $28.13 per troy ounce, the price dropped by 0.14% compared to the previous value of $28.17 on Friday. Despite this decrease, silver prices have still seen a significant overall increase of 10.44% since the beginning
The market reaction to economic data, such as the Michigan Inflation Expectation numbers, can have a significant impact on exchange rates. In the case of the USD/JPY pair, an unexpected increase in the Michigan Inflation Expectations Index led to gains for the US dollar against the Japanese yen. This demonstrates how sensitive the market can
The week started positively for the gold price, hovering around $2,360 on Monday. This surge can be attributed to the escalating tensions in the Middle East, which are driving safe-haven flows towards precious metals. However, despite this initial uptick, there are potential factors that could hamper the price of gold in the near future. Last