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 […]
Europe’s Opening Bell: DAX Targets New All-Time Highs Amid Rising Risk Appetite
Europe's Opening Bell: DAX eyes fresh all-time highs as improving risk appetite gains traction Asian stocks hit their highest in over a month, and US stock futures rose on Friday after China revealed it is reviewing trade talks with the US, sparking hope that tariff tensions might ease. Japanese stocks gained 1.1% after positive remarks […]
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 […]
Mini Price War Among Lenders Leads to Sub-4% Mortgage Offers
Mini price war among lenders sparks under-4% mortgage deals Almost all major lenders are now offering under-4% deals this week, giving some respite for borrowers in an apparent response to the financial turmoil sparked by the US trade tariffs that changed expectations on UK interest rates and sparked a mini price war among mortgage providers. […]
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 […]
Federal Oil and Gas Leasing Strategy May Extend to Maine Coastline
Federal oil and gas leasing plan could include Maine coast The Trump administration is developing an offshore oil and gas leasing plan that could include waters in the Gulf of Maine. The Natural Resources Council of Maine warns there are no economically recoverable fossil fuels in the region and that drilling risks environmental and economic […]
SoFi Earnings: Growth in NIM and Loan Platform Insights
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. SoFi Technologies SOFI reported strong first-quarter earnings, as the company benefited from strong demand for its loans from both borrowers and investors. Adjusted net revenue increased 32.7% year over year to USD 770.7 million, while adjusted EPS rose to USD […]
Electrovaya Receives the Make More in America Deal of theYear Award at Export-Import Bank of the United States’ 2025 Annual Conference
Electrovaya Inc. has been awarded the Make More in America Deal of the Year by the Export-Import Bank of the U.S. (EXIM) for its commitment to reshoring lithium-ion battery manufacturing to the U.S. The company, based in Jamestown, New York, received nearly $51 million in financing from EXIM for facility construction and equipment procurement, which […]
Euro Slides as German Consumer Confidence Rises
Euro lower, German consumer confidence improves The euro is slightly lower on Tuesday. In the European session, EUR/USD is trading at 1.1392, down 0.31% on the day. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached together with the page. 3fhng – is a forced measure to prevent JS function […]