Fed to Hold Rates Steady Again as Officials Wait for More Clarity on Economy
Federal Reserve officials are widely expected to leave interest rates unchanged for a fourth straight meeting on Wednesday, reiterating they want more clarity on the economic impact of a wide array of government policy changes before adjusting borrowing costs.
Policymakers have warned President Donald Trump's tariffs could boost inflation and unemployment, but so far, steady hiring and cooling inflation have allowed Fed officials to keep rates unchanged this year.
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Why Oklo Stock Is Soaring Today
Oklo was conditionally awarded a contract to provide power to an Air Force base. President Trump has signed several executive orders aimed at boosting the U.S. nuclear industry. 10 stocks we like better than Oklo › Shares of Oklo (NYSE: OKLO) are soaring today, up 5.7% as of 1:33 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite both moved higher. While there isn't a specific catalyst today, the company's stock is continuing to rise after an important announcement last week and broader momentum in the nuclear industry. The company, which develops advanced small nuclear reactors (SMRs), announced last week that it has been "conditionally" selected to provide power to an Air Force base in Alaska. The contract, which still needs to be finalized, has been in the works for years. Past attempts to close a deal had been delayed, but it now appears the necessary hurdles have been cleared. The company's Aurora Powerhouse, an SMR, will provide all the power the remote base needs locally, allowing the base's independence from the grid. Late last month, President Donald Trump signed several executive orders to speed up the permitting of new reactors and boost domestic uranium production. The administration believes that nuclear energy can provide a key part of the country's energy needs, especially in light of the growing demand from artificial intelligence data centers. The clear endorsement of the administration has fueled nuclear stocks across the industry, including Oklo, for weeks. SMRs offer unique advantages over traditional nuclear reactors, namely, the fact that they can be tailor-fit to a specific site, like the Air Force base or the many artificial intelligence data centers that are being built across the country. It's clear there is demand. If Oklo can produce a working, safe model, it will be massively successful. Of course, with any company developing new technologies, there is no guarantee it will be successful. I think there is plenty of reason to believe it will be, however. I think Oklo is a good pick. Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Oklo Stock Is Soaring Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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EVs dominate the most American-made cars index and it's not just because of Tesla
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Solar stocks are plummeting as the Senate version of Trump's 'big beautiful bill' hits clean energy
Solar stocks tumbled on Tuesday, with Solar Edge and First Solar down sharply. The Senate version of the GOP budget bill keeps cuts to clean energy in place. The new government policy would phase out solar and wind energy tax credits. Solar energy stocks plunged for a second day on Tuesday, on news that the Senate version of the budget bill retains cuts to renewable energy tax credits. A US Senate panel has proposed fully phasing out all tax credits for solar and wind energy within the next three years. The development swiftly sent solar energy stocks into free fall, including First Solar, SolarEdge and Sunrun. First Solar fell as much as 22%, while SolarEdge declined as much as 42%, and Sunrun dropped 44%. The proposed tax policy changes are part of the Senate's version of President Donald Trump's "One Big Beautiful Bill Act," a budget package that was recently passed in the House of Representatives. Under the current policy, passed during the Biden administration's Inflation Reduction Act in 2022, subsidies for solar and wind energy would remain in place until 2032. But the new vision outlined by Republican officials includes granting 100% of the tax credits to hydropower, nuclear, and geothermal energy, areas of the energy sector that the Trump administration favors. Republican Senator Mike Crapo, who serves as founder and co-chairman of the Senate Nuclear Cleanup Caucus, has released a text summary of the bill, which promises to eliminate billions of dollars of clean energy subsidies, describing them as unnecessary and highlighting the need to prioritize other energy sources. These changes have been met with blowback from the clean energy industry, whose advocates have touted the economic consequences of eliminating solar and wind subsidies. This list includes Ari Matusiak, CEO of clean energy nonprofit Rewiring America, who has stated that "Eliminating the tax credits that save families money is a profound mistake." Ed Mills, a managing director and Washington policy analyst for Raymond James, notes that "While the Senate proposal still represents a material negative for renewable energy investment/names, it is a significant improvement from the House." So far, though, the "material negative" seems to be outweighing any improvements for solar stocks. And the corner of the energy sector could have further to fall if the Senate proposal moves forward. It stands to not just eliminate billions of dollars in subsidies that have allowed the renewable power industry to grow, but to provide them to companies that produce competing energy sources. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
