Klarna, a Swedish financial technology company, has made waves in the industry by implementing generative artificial intelligence tools within its workforce. With nearly 9 out of 10 employees utilizing AI on a daily basis, Klarna stands out as a leader in the adoption of this innovative technology. This article delves into the ways in which
Finance
GameStop shares saw a remarkable surge of over 80% in a single day, fueled by the resurgence of “Roaring Kitty,” a key figure in the epic short squeeze of 2021. Formerly known as Keith Gill, this individual, also recognized as DeepF——Value on Reddit, captivated a legion of day traders who rallied together in a fervor
The Inflation Beneficiaries ETF, designed to profit from higher rates, has caught the attention of Horizon Kinetics’ James Davolos. Despite the possibility of the Federal Reserve cutting rates, Davolos believes that the ETF is well-positioned for the current economic climate. He predicts that inflation will remain between three and five percent, with the Federal Reserve
European companies operating in China are encountering increasing difficulties in maintaining profit margins as growth in the country slows down and overcapacity issues worsen. A survey conducted by the EU Chamber of Commerce in China revealed that only 30% of respondents reported higher profit margins in China compared to their global average, marking an eight-year
In a surprising turn of events, Spanish bank BBVA has made headlines by announcing a hostile takeover bid for its domestic rival, Banco Sabadell. This move comes after an initial 12 billion euro bid from BBVA was rejected by Sabadell’s board, citing concerns about undervaluation and the potential for greater value through a standalone strategy.
British neobank Monzo has recently announced that it has successfully raised an additional $190 million, bringing its total funding for this year to an impressive $610 million. The company revealed that it secured investments from new backers, including Hedosophia, known for supporting other prominent European fintech firms like N26 and Qonto. CapitalG, the independent growth
Berkshire Hathaway shares experienced a rise on Monday following the conglomerate’s announcement of a significant increase in operating earnings. The company reported a first-quarter operating profit of $11.22 billion, which represents a 39% jump from the same period last year. This spike in earnings was primarily fueled by a rise in insurance underwriting earnings. The
The potential market for exchange-traded funds (ETFs) may be much larger than previously thought, according to Matt Kaufman of Calamos Investments. Kaufman believes that there are trillions of dollars currently sitting in CD and money market accounts, presenting an opportunity for ETFs to capture this market. This untapped market is even larger than the size
Being let go from a job is never an easy experience, but being fired and then branded as a “scapegoat” takes it to a whole new level. Kavish Kataria, a former trader at Societe Generale, is speaking out against the French bank, claiming that he was unfairly terminated for risky trades that were not solely
Bitcoin, the leading digital currency, witnessed a significant drop to its lowest level in over two months, reaching as low as $56,757.93. This decline below $57,000 on Wednesday, the first time since Feb. 28, has raised concerns among investors. The broader risk-off sentiment in markets, coupled with anticipation over the U.S. Federal Reserve’s upcoming interest