Precious Metals Provide Safeguards Against Upcoming Economic Challenges
Stock image. USA Today reported the US economy’s performance in Q1 was the worst in three years. GDP growth in the last quarter of Biden’s administration was 2.4%; in the first quarter of Trump’s administration, it is – 0.3%. Wednesday’s Commerce Department report showed that US consumer spending rose 0.7% in March, a solid gain […]
Fairfax Earnings: Impact of California Wildfires
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Fairfax’s reported results were negatively affected by $692 million in losses from the California wildfires, but that was more than offset by $1.1 billion in investment gains. Why it matters: The net impact was solid adjusted book value per share […]
Tariff Uncertainty Disrupts Canada’s Housing Market
Almost half of Canadians looking to purchase a home this year say the trade dispute with the United States has prompted them to postpone. According to the latest Royal LePage survey, 49% have put their homebuying plans on hold. Of those, 37% are concerned about a potential increase in the cost of living, 30% are […]
Amazon Earnings: Solid Quarter Driven by AWS Performance
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Amazon AMZN reported first-quarter results that beat the high end of guidance on both the top and bottom lines. Revenue grew by 10% year over year in constant currency to $155.7 billion, while operating margin was 11.8% versus 10.7% a […]
Economic Effects of $65 Billion Mining Projects in British Columbia, According to MABC
The exploration camp at the Eskay Creek gold project in British Columbia. Credit: Skeena Resources A total of 27 mining projects representing C$90 billion ($65 billion) in economic activity have the potential to deliver major benefits for the province of British Columbia and Canada at a time of global instability, a slowing provincial economy and […]
Meta Earnings: Robust Quarter Driven by Increased Ad Spending
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Meta META kicked off fiscal 2025 with a set of strong financial results and better-than-expected outlook for second-quarter sales as ad spending on the firm’s platform remains solid. On the profitability front, Meta’s operating margins expanded 360 basis points in […]
Tesla: Quest for Elon Musk’s Successor Sheds Light on…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. The Wall Street Journal reported Tesla’s TSLA board began to search for a successor to current CEO Elon Musk around one month ago. The board also told Musk that he needed to spend more time on Tesla. Why it matters: […]
Microsoft Earnings: Strong Quarter from Every Perspective…
Microsoft’s MSFT third-quarter results topped the high end of the firm’s guidance. Revenue increased 13% year over year to $70.1 billion, compared with the high end of guidance of $68.7 billion while operating margin was 45.7%, compared with the high end of guidance at 44.6%. Why it matters: Results are good across the board, with […]
Ghana Strikes Agreement with Nine Additional Gold Miners to Acquire 20% of Their Production
Gold pour at Newmont’s Ahafo project in Ghana. Credit: Newmont Ghana has reached a deal with nine more mining companies to purchase 20% of their gold production, a government body said on Wednesday, aiming to consolidate a gold purchase program meant to boost the country’s gold reserves and stabilize its currency. Africa’s top gold producer […]
Bank of Canada Encountering New Demands for Interest Rate Adjustments
The Canadian economy unexpectedly contracted by 0.2% in February, prompting analysts to forecast a possible resumption of the Bank of Canada’s interest rate-cutting cycle, as US tariffs take a toll on business activity. Reversing course from January’s 0.4% expansion, Statistics Canada’s February GDP report showed that the economic deceleration was led by the decline in […]