Stellantis: Revision of US Import Tariffs Adjusted Downward
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Despite continued US import tariff uncertainty looming over European automakers, we update our fair value estimates to reflect the average of several tariff outcomes. We also revise some of our long-term assumptions for Stellantis STLA as we roll our model […]
Atlanta Fed Unveils Updated GDP Estimation Model Accounting for Gold Trade
The Federal Reserve Bank of Atlanta is changing the parameters of its widely followed GDP estimation model following the recent surge in US gold imports. The Atlanta Fed’s GDPNow model provides a running estimate of real GDP growth based on available economic data for the current quarter, using a similar methodology as US Bureau of Economic […]
Europe’s Opening Bell: Relief Rally Fizzles as Trump Administration’s U-Turns Spark Concerns
Europe's Opening Bell: Relief rally loses steam as Trump administrations u-turns raise concerns Asian stocks ended their five-day winning streak as a short-lived global rally lost steam due to mixed messages from the Trump administration about China tariffs. A regional stock index dropped 0.3% after Treasury Secretary Scott Bessent raised doubts about resolving the US-China […]
AT&T Earnings: Insights into the Wireless Sector
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. AT&T T delivered accelerating revenue growth during the first quarter, as wireless and broadband customer additions remain solid. Total revenue increased 2.0% versus a year ago, with wireless service revenue up 4.1%, the fastest pace since early 2023. Residential broadband […]
Strong Gold Prices Boost Gold Mining Stocks
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Gold is higher, as worries over tariffs affecting economic growth see a flight to safety. Despite likely slower global growth, copper is up as investors try to get ahead of potential tariffs on US copper imports. Iron ore is flat, […]
Tesla Earnings: Production of Affordable Vehicles and…
Tesla’s TSLA first quarter saw lower revenue and profits, following the previously announced 13% deliveries decline. However, the affordable vehicle production and robotaxi testing both remain on track for the year. CEO Elon Musk will also spend less time advising the US government to focus on Tesla. Why it matters: Tesla saw 2024 deliveries decline […]
Altilium Commences Construction of Major Battery Recycling Facility
Altilium begins construction on large-scale battery-recycling plant In a notable advancement in the UK’s green energy sector, Altilium Metals Ltd. has embarked on the construction of the nation’s first large-scale electric vehicle (EV) battery recycling facility. This groundbreaking initiative, located in Plymouth, Devon, represents a significant leap toward achieving sustainability in battery materials and bolstering […]
Gold Falls to New Weekly Low Below $3,300 as US-China Trade Tensions Ease
Gold touches fresh weekly low, below $3,300 amid easing US-China trade tensions Gold price moves away from the all-time peak touched on Tuesday amid receding safe-haven demand. Easing US-China tensions remains supportive of the risk-on impulse and weighs on the XAU/USD pair. The downside for the commodity seems limited as the USD bulls seem reluctant […]
The Importance of US Federal Reserve Independence for Financial Markets
The Federal Reserve’s independence is under fire again, and alarm bells are ringing louder this time around. Over the past week, President Donald Trump has returned to an old playbook and called for lower interest rates while criticizing Federal Reserve Chair Jerome Powell—a Republican who was first nominated to his post by Trump in 2018. […]
Verizon Earnings: Price Hikes Fuel Strong Performance
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Verizon Communications VZ posted solid first-quarter financial results amid weak customer metrics. Wireless service revenue increased 2.7% compared with a year ago, despite the loss of 289,000 net postpaid wireless phone customers during the quarter. EBITDA increased 4%, the fastest […]