Commodities are physical assets that require transportation, are essential to daily life, and can provide diversification from other asset classes. They trade on both spot and futures markets, with futures prices influenced by factors such as supply and demand and the cost of carry. Investors can trade commodities through spread betting, CFDs, or ETCs, with the latter potentially facing challenges in contango markets. Physically-backed ETCs, particularly for metals like gold, offer a convenient way to access commodity markets with lower leverage and risk. Overall, trading commodities can be profitable yet volatile, requiring careful study of market dynamics and individual commodity behaviors.
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Is Waymo Friend or Foe to Uber?
In 2020, Uber shifted its focus to autonomous vehicles, partnering with companies like Waymo to offer rider access to robot taxis through the Uber app in cities like Phoenix and Austin. Despite competition from other autonomous vehicle companies, such as Tesla, Uber's revenue and gross bookings exceeded expectations in the most recent quarter. The company's future success hinges on its ability to navigate the rapidly evolving driverless taxi market and maintain its position as a...
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