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The Dow Jones Industrial Average opened 103.08 points higher, or 0.19%, at 53,520.24 on Tuesday, August 25; the S&P 500 opened 27.65 points higher, or 0.36%, at 7,680.61; and the Nasdaq Composite opened 184.53 points higher, or 0.71%, at 26,164.72.NEBIUS (NBIS.O) rose 3.5% after Goldman Sachs raised its target price.August 25th - US stocks opened higher, with the Dow Jones Industrial Average up 0.36%, the S&P 500 up 0.35%, and the Nasdaq Composite up 0.65%. Storage-related stocks rebounded, with SanDisk (SNDK.O) and SK Hynix (SKHY.O) both up about 3%. Alibaba (BABA.N) fell 0.6%, despite consecutive increases in holdings by Jack Ma and Joseph Tsai.On August 25, Liu Jiannan, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT) and Vice Chairman of the China Chamber of International Commerce (CCOIC), met with Cheng Yanjun, CEO and Co-Chairman of the Board of Directors of Budweiser APAC, in Beijing. The two sides exchanged views on promoting better development of foreign-invested enterprises in China and deepening cooperation in industrial and supply chains.August 25th - As more consumers use Apple computers to create and run AI agents, Apple (AAPL.O) has launched new Mac Mini and Mac Studio models, featuring upgraded chips and other improvements for artificial intelligence applications. In its Tuesday announcement, Apple emphasized that its chips for iPhones and Macs are equipped with a dedicated component called the Neural Engine for running AI models; the company has also adopted a RAM architecture that eliminates some memory bottlenecks. Apple stated in a press release, "With these frameworks and the new chips, developers can run and fine-tune large AI models directly on their Macs." The Mac Mini can now be configured with two new chips: the M6 and the M5 Pro. It is the first Apple computer to feature the M6 series chip, manufactured using TSMCs (TSM.N) 2-nanometer process.

What are commodities

LEO

Oct 25, 2021 13:27

Commodities refer to raw materials that are extensively used in industry or agriculture, 

and are purchased and sold on a wholesale rather than retail basis. 


Commodities are generally classified into three categories:

1. Energy – including crude oil, natural gas, etc.

2. Basic raw materials – including gold, silver, copper, aluminum, etc.

3. Agricultural products – including sugar, corn, soybeans, etc.


Characteristics of international commodity trading:

First, the price fluctuates greatly and there are many trading opportunities.

Second, the international bulk commodity trading market is a mature financial market, and the prices of bulk commodities are not affected by individuals or institutions, and prices are open, fair and just.


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