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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The recent departure of Adam Dodds, the CEO of U.K. stock trading service Freetrade, has sparked a wave of changes within the company. As Dodds steps down and hands over the reins to Viktor Nebehaj, it signifies a new chapter for Freetrade. This transition comes at a crucial point in the company’s growth trajectory, as
Gold price has witnessed a solid increase, surpassing the $2,320 mark against the US Dollar. The price action reveals a bullish trend as it broke a key descending channel with resistance at $2,315. The bulls were able to push the price above the $2,345 level and the 50-hour simple moving average, reaching as high as
Recently elected President of Panama, Jose Raul Mulino, has unveiled ambitious plans for the country, signaling a shift towards pro-investment and pro-business policies. His proposals include addressing the impact of climate change on the Panama Canal, boosting tourism through a national railway project, and tackling the country’s debt and fiscal challenges. However, a critical analysis
The crypto market capitalisation has experienced a 2% increase over the past week, with a significant 13% surge from the lows observed on May 1st. This growth was marked by a bottom formation on Wednesday, followed by a moderate rebound on Thursday and stronger buying activities on Friday. However, the market hit a roadblock over
Warren Buffett recently made an announcement regarding Berkshire Hathaway’s potential investment in Canada. During an investor meeting in Omaha, Nebraska, Buffett expressed his comfort with putting money into the Canadian market. This statement came as a surprise to many, as Buffett has primarily focused on investing within the United States. Despite this, he mentioned that
The Internal Revenue Service (IRS) recently announced its strategic operating plan to significantly increase audit rates for big corporations, partnerships, and multimillionaires over the next three years. This move comes as part of the IRS’s efforts to boost enforcement spending and hiring in order to enhance tax collections. The IRS’s plan includes targeting a near
The USD/JPY exchange rate is influenced by a variety of economic factors, with key data releases playing a crucial role in shaping investor sentiment and market expectations. In this article, we will analyze the impact of economic data on the USD/JPY exchange rate and explore how upcoming reports could affect its trajectory. While economists predicted
The US 100 cash index is currently experiencing a downward trend, trading slightly below the 100-day SMA. Market sentiment remains bearish as investors await key US data releases. This negative sentiment is reflected in various momentum indicators, suggesting a bearish trend in the market. The Average Directional Movement Index (ADX) indicates a decent bearish trend
The recent heavy rains in the United Arab Emirates caused severe flooding, disrupting operations for Emirates and flydubai. With nearly 400 flights cancelled and many more delayed, the airlines faced significant challenges due to the record storm that hit Dubai. This had a cascading effect on the airports, leaving thousands of travellers stranded and hindering
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Freetrade, a British stock trading app, achieved breakeven earlier this year, a significant milestone for the company. The move into profitability comes after incurring full-year losses in 2023. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) reached £100,000 ($124,863) in the first quarter of 2024, as per unaudited financial statements shared with CNBC. Despite