In a bold move towards technological advancement, Swedish financial technology company Klarna has reported that a significant majority of its workforce is now utilizing generative artificial intelligence tools as part of their daily tasks. With over 87% of its employees engaging with AI tools such as OpenAI’s ChatGPT and the company’s own internal AI assistant,
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Gold price saw an increase in trading activity on Tuesday, despite the consolidation of the US Dollar. The current market sentiment is cautiously optimistic, but there are potential factors that could impact the price of gold in the near future. Traders are waiting on the sidelines ahead of key US inflation data that is set
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The recent survey released by the Federal Reserve Bank of New York showed that Americans are increasingly concerned about inflation. The survey indicated that consumers expect inflation to reach 3.3% a year from now, up from March’s 3%. Additionally, they anticipate inflation to be at 2.8% three years from now. This growing apprehension about rising
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The DXY Index is currently experiencing mild losses at 105.35, indicating a modest bearish trend. Market attention is focused on conservative Fed comments and April inflation expectations, which could potentially shape the US Dollar outlook. As bets on the Fed remain stable, they also provide support to the USD, despite the slight decrease in value.
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The current price of Brent crude oil is facing a downturn, hovering around 82.55 USD per barrel, causing significant concerns in the market. The primary worry affecting the market is the uncertainty surrounding demand levels, which is putting pressure on the commodity. The recent comments made by US Federal Reserve representatives have heightened expectations that
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