Can GM Beat Google to a Driverless Future?
GM is in some ways, fighting for its life. The largest car company in the US recognizes that driverless cars are an existential threat to the industry as we know it. It is a very real possibility that cars cease being a consumer purchase, or that they are bought in far fewer numbers and instead become an on-demand service in the future. Google has already built their own cars and is testing them on pubic roads. But GM is about to roll out a self-driving Cadillac. Can GM beat Google to market with the first self-driving car? (video by Adam Wolffbrandt, Ryo Ikegami) (Source: Bloomberg)
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Does the Rally in Gold Have More Room to Run?
16:43 - Wayne Gordon, executive director for commodities and FX at UBS Wealth Management, discusses the gold trade, his outlook for the U.S. dollar and where he thinks iron ore prices are heading. He speaks to Bloomberg's Haidi Lun on "Bloomberg Markets." (Source: Bloomberg)