Global Stocks Waver on Fed Policy Outlook; Testing 5G Across America. It’s Crazy Fast—and a Hot Mess

  • Global stocks wavered a day after the Federal Reserve cut interest rates but its chairman didn’t signal that more stimulus was on the way.
  • The Stoxx Europe 600 shifted between small gains and losses in morning trading, with rises for banks and financial services balancing a drop in the basic-resources sector.
  • In Asia, both China’s benchmark Shanghai Composite Index and Hong Kong’s Hang Seng fell 0.8%.The People’s Bank of China has often adjusted interest rates in response to Fed policy moves, but that didn’t happen following Wednesday’s cut.

  • The fifth generation of cellular networking, 5G is designed to replace 4G (aka LTE) and pave the way for innovation ranging from augmented reality to self-driving cars. Name any tech buzzword: It’ll probably benefit from 5G’s faster speeds and reduced lag.
  • Right now, Verizon, T-Mobile and AT&T are deploying a high-frequency flavor of 5G called “millimeter wave.” It’s super-duper fast but can’t travel long distances.
  • Millimeter-wave issues like overheating and limited range weren’t problems with another flavor of 5G called “mid-band.” “Low-band,” another flavor of 5G that will roll out soon, will also offer slower speeds, cover larger areas and penetrate walls.