• Security and Bodycam Video Shows Fatal Police Shooting in Atlanta

    Security and Bodycam Video Shows Fatal Police Shooting in AtlantaVideo released by the Georgia Bureau of Investigation and the Atlanta Police Department shows the fatal police shooting of a black man outside a fast-food restaurant in Atlanta on Friday. An officer was fired and Atlanta’s police chief resigned. Warning: Viewer discretion. Photo/video: GBI

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  • ASX winners and losers from last week

    The S&P/ASX 200 Index (ASX: XJO) started last week strongly, continuing the upward trend of the past month. However, in a sign of the fragility in the markets, the ASX 200 then fell by 4.9% from the close of trading on Wednesday to the close of trading on Friday, leaving the week with very few ASX winners. This was in response to the largest fall in US markets since March.

    The sectors below were home to some of last week’s biggest ASX winners and losers.

    Insurance and Financials

    There were few ASX winners across the financials sector during last weeks trading. Insurance and diversified financials were hit particularly hard. 

    Two ASX 200 shares that led the plunge in the insurance sector were QBE Insurance Group Ltd (ASX: QBE) and Suncorp Group Ltd (ASX: SUN). The QBE share price retreated by 13.17% and Suncorp shares fell by 13.49%.

    Across the broader financial sector, the Netwealth Group Ltd (ASX: NWL) share price fell by 7.9% and lender Credit Corp Group Limited (ASX: CCP) saw a 11.52% share price drop.

    Over in the buy now pay later sector, the Zip Co Ltd (ASX: Z1P) share price rose by 5%. However, after a recent surge in the Openpay Group Ltd (ASX: OPY) share price, it plummeted last week by 30.4%. 

    Real Estate

    Real estate was again the heaviest traded sector across the ASX large cap companies. Unibail-Rodamco-Westfield (ASX: URW), the European-domiciled shopping centre operator, saw its share price fall by 20%. Of the A-REITs focused largely on the Australian market, it was the Scentre Group (ASX: SCG) share price that recorded the largest fall of 12.6%.

    Tourism and Entertainment

    One sector hit hard last week by continued uncertainty over the coronavirus was tourism. The Webjet Limited (ASX: WEB) share price was down 15.9%, and the Event Hospitality and Entertainment Ltd (ASX: EVT) share price fell by 16.3%.

    Gold

    The gold mining sector has seen continual share price falls over the past 2 weeks. However, as the market slid on Thursday and Friday, the share prices of gold mining companies again started to rise. Most gold companies finished the week either on par or slightly lower. 

    Bellevue Gold Ltd (ASX: BGL) has been cutting a counter cyclical path over the past 3 months. Investors have supported Bellevue across market rises and falls, with Bellevue shares finishing last week up by 16.34%.

    Foolish takeaway

    The pull back across the financial and tourism sectors shows how fragile the market is at the moment. Capital moved again to defensive sectors and into the gold mining companies. On Sunday, China announced it had a new wave of coronavirus diagnoses. For the foreseeable future, I personally intend to invest only in companies that are least impacted by the virus. 

    If you’re looking for opportunities to grow wealth, don’t miss the free report on 5 ASX shares under $5 below.

    5 ASX stocks under $5

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    More reading

    Daryl Mather owns shares of Bellevue Gold Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia owns shares of Netwealth. The Motley Fool Australia has recommended Scentre Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post ASX winners and losers from last week appeared first on Motley Fool Australia.

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  • We Tested 5G Networks Across Asian Cities. The Verdict: Patchy

    We Tested 5G Networks Across Asian Cities. The Verdict: Patchy(Bloomberg) — Fifth-generation networking hype has been in full force since Qualcomm Inc. declared “5G is here, and it’s time to celebrate” in February of last year. The reality, however, has required patience from consumers due to the time needed to roll out the new networks and the dearth of applications to put additional speed to compelling use.A year after South Korea launched the world’s first full commercial 5G network and months after China opened the world’s biggest, Bloomberg News reporters tested the leading carriers in both countries to see how far 5G has gotten. Tests in Hong Kong and Tokyo showed similar results — gaps in coverage that could leave most early adopters waiting for networks to reach full speed.Smartphone makers have swept in with a flood of 5G devices this year, with Samsung Electronics Co., Huawei Technologies Co. and Xiaomi Corp. all pushing the new technology without asking for much higher prices or design compromises. Millions of 5G phones have already been sold, and for the billions of people not yet on the bandwagon, the new wireless standard will soon be the default option anyway.Carriers aren’t moving quite as fast. They’re investing billions of dollars to set up and expand their 5G networks, but the technical design of this new standard demands high network density to provide the advertised stratospheric speeds. Once they have enough masts in place, they aim to recoup the initial costs by offering more bandwidth-hungry add-ons, such as Nvidia’s GeForce Now game-streaming service, which SoftBank Corp. launched in Japan on June 10.Where it’s available, even without hitting its max theoretical speeds, 5G is an impressive upgrade for most consumer applications. For example, at a gigabit per second (1Gbps), a user could download a 9-hour audiobook in less than 1 second, according to Fastmetrics, a U.S.-based internet service provider. Even at 1/10 of that speed, 100 megabits per second, a 45-minute TV show takes only 16 seconds, Fastmetrics estimates.Carriers in North America, Europe and Australia have also set up 5G, with so far underwhelming results for consumers. In March tests conducted by RootMetrics in the U.S., the choice appeared to be between fast speed with negligible availability — Verizon Wireless Inc. recorded a max speed of 846Mbps with 3.1% availability in Chicago — or wider availability without much of a speed bump — T-Mobile US Inc. covered 57% of Washington but at a less impressive 148Mbps.Read more: 5G Report Card: T-Mobile Has Widest Coverage, Verizon Is FastestTo test download speeds and coverage, we sent four reporters out into Seoul, Beijing, Tokyo and Hong Kong with 5G phones and speed-measuring apps. Here’s what those tests showed:SeoulKT, the No. 2 South Korean carrier, has improved 5G service since the commercial debut in April 2019, though it still lacks the high-frequency airwaves necessary to reach top download speeds in the range of 20Gbps. SK Telecom Co., the country’s largest carrier, achieves a download speed of 1.5Gbps inside its headquarters, which drops to 1Gbps in the same building’s lobby.KT’s average 5G data speed ranges between 800Mbps to 1Gbps, the company said in an email. “It is hard to simply compare data speeds in South Korea, which has nationwide services, with other countries that only have test services or have services in a few cities,” the company said.BeijingIn Beijing, tests using a Huawei P40 Pro phone showed 5G service was consistent enough to play high-definition (1080p) video while riding in a car. There was no 5G signal inside the subway and the shopping mall in Guomao, where luxury brands from Tiffany to Vacheron Constantin are sold. Most of the Zhongnanhai district, home of the central government, has no 5G coverage, according to a map provided by China Mobile.A China Mobile representative in Beijing emailed a video showing download speed exceeding 1.1Gbps at Beijing Daxing International Airport. The representative had no further comment.Hong KongTests using a Huawei P40 Pro showed streaming of high-resolution 4K video was smooth outdoors even in a moving vehicle. The fastest download speed was recorded in the carrier’s flagship store in the city’s central business district.The carrier expects its 5G network to “penetrate deeply” in Hong Kong, Alex Cheng, China Mobile principal engineer, said in an email.TokyoAt two locations in the city, the 5G signal was strong inside the Docomo shop but became unstable a short distance away from it, using a Samsung Galaxy S20 phone and Netflix’s speed test app. Both of Tokyo’s main airports, two Olympics facilities and Tokyo Sky Tree are among the covered spots. Two more waves of 5G network expansion are planned by the end of July and end of October, the carrier said.“The initial rollout is going as planned,” Docomo said in an email.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Edited Transcript of ONTX earnings conference call or presentation 14-May-20 8:30pm GMT

  • Uber cuts 3,000 more jobs, shuts 45 offices over coronavirus pandemic: WSJ

  • Despite PPP aid, some small businesses are choosing to stay closed – here’s why

  • Stock market news live updates: Moderna coronavirus vaccine fuels rally; Uber braces for new layoffs