|Day's Range||98.70 - 105.50|
If you spot Wei Sing Goh on your next flight, you might want to hide the liquor. On Aug. 13, Goh boarded a Japan Airlines flight headed to San Diego, California from Tokyo’s Narita airport, according to a criminal complaint filed last month in federal court. Roughly an hour into the flight, the document explains, Goh drank his first mini bottle of wine.
The futures market can turn a nickel into a fortune, a fortune into massive debt and (as an added bonus) has quite efficiently exposed pretty much every psychic out there as a fraud. To understand the futures market, we first need to understand the concept of a "futures contract." This is an investment product built around buying and selling commodities at a later date. Literally, a futures contract is an agreement to buy or sell some commodity (usually) on a given date for a given price.
The national DAT Van Freight Rate Index which measures the average spot rate for dry van truckloads in the U.S. excluding fuel and other assessorial charges averaged $1.50/mile in June. This number fell well below expectations according to the freight futures settlement price which started the month over $1.66/mile, meaning futures market participants expected rates to be much higher than they were this June.
It seems like nothing is safe from the wrath of US president Trump’s trade war. His administration is already levying an extra 25% tariff on $250 billion worth of Chinese imports. After threatening to impose extra duties on “essentially all” Chinese products the president is headed back to the negotiating table with Xi Jinping, the Chinese president.
The new themed area will open Aug. 29 in Orlando with a slew of attractions and Star Wars-related food and merchandise.
Commodity markets may conjure a freewheeling world of high rollers living hard and taking outsized risks, and there’s some historical truth in that image. Commodities affect our lives every day, in other words. How do I “invest” in commodities?