(Bloomberg) -- Once the global oil market emerges from the coronavirus crisis, it may be greeted by a surprising change: greater dependence on crude from OPEC.For the time being, the Organization of Petroleum Exporting Countries and its allies are relinquishing their share of the market in a bid to prop up crude prices, slashing millions of barrels of output as the pandemic crushes fuel demand.They’d already spent the past three years forsaking sales volumes to offset the oil glut unleashed by burgeoning U.S. shale production. Before the pandemic, forecasters were projecting that the group would need to cut production further in coming years.Yet the current upheaval could give OPEC another chance. As the oil-price collapse chokes off investment in new supplies around the world, from the mega-projects of Big Oil to drilling by U.S. shale wildcatters, some analysts see the cartel reviving its battered standing.“From the point of view of oil-market...
[Editor's Note: "Wait For Another Pullback Before Buying AAL Stock" was originally published April 22, 2020. It is regularly updated to include the most relevant information.]Source: GagliardiPhotography / Shutterstock.com Are things looking up for American Airlines (NASDAQ:AAL)? In the midst of the novel coronavirus pandemic, AAL stock cratered from around $30 per share to the single digits. But, as investors bet on a recovery, shares temporarily went parabolic, before pulling back in recent days.It's questionable whether a sudden rebound is possible. With the airline boosting its travel schedule, the company could be making a swifter-than-expected recovery. But, keep in mind the many fleas on this legacy carrier. Even before the pandemic affected air travel.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I previously discussed, American Airlines already had a heavy debt load and other operating issues.And despite the company receiving $5.8 billion in payroll support from the $2 trillion...
(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...
