
Bloomberg Australia: Where To Now For Interest Rates?
The Reserve Bank of Australia this week cut rates by 25 basis points, for the second time this year, while pulling off a post-Covid economic crisis soft landing for the local economy that few central banks have been able to execute. This week on the podcast, Rebecca Jones speaks to Bloomberg Economics' James McIntyre about the outlook for interest rates, how that could be affected by Trump's tariff war, and what it all means for the housing market.
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along the route for some of the Big Tech companies backing
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Why Tesla Stock Soared This Week
Tesla CEO Elon Musk apologized for some of his comments last week that have weakened his relationship with the White House, boosting the stock. However, the reported launch of Tesla robotaxis in Austin, Texas, has been delayed to later this month. The company's declining sales are a major concern. These 10 stocks could mint the next wave of millionaires › Shares of Tesla (NASDAQ: TSLA) are up this week, climbing 10.3% as of market close on Friday. The rise came as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both sank modestly. Tesla stock recovered this week after the public spat between CEO Elon Musk and President Trump cooled. Last week, Musk and Trump found themselves in a very public spat. What began as criticism of Trump's flagship "Big, Beautiful Bill" escalated into personal attacks and serious accusations. Musk deleted his most incendiary post and apologized on X, saying that some of his posts last week had gone "too far." The de-escalation of the situation sent Tesla stock higher. The stock was also on the rise this week in anticipation of Tesla's reported robotaxi launch. According to a report from Bloomberg, Tesla was set to begin operating its vehicles autonomously in Austin, Texas, on June 12. However, it's now clear that the company has pushed back this date, now targeting June 22. Despite the delay, Tesla shares were up further on Friday. This is not the first time the company has failed to meet a target launch date or milestone for its autonomous driving technology. Musk previously said he was "very confident predicting" that there would be 1 million of his robotaxis on the roads no later than "next year" -- in 2019. I am dubious of the company's ability to deliver on its promises, and given the state of its current vehicle sales (which are seeing massive declines), I think this stock is extremely overvalued. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $376,048!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,816!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $655,255!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Why Tesla Stock Soared This Week was originally published by The Motley Fool
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Why NuScale Power Stock Soared This Week
NuScale Power stock is up because of an executive order and a press release from a sector peer. The company does not generate any revenue. At a market cap of $11 billion with zero revenue, the stock is overvalued. 10 stocks we like better than NuScale Power › Shares of NuScale Power (NYSE: SMR) soared again this week, up 12.9% as of market close on Friday, June 13, according to data from S&P Global Market Intelligence. The nuclear energy start-up now has a market cap of $11 billion and zero revenue, with the stock up 364% in the last 12 months. Traders are getting optimistic on this group of stocks because of press releases and executive orders from the President of the United States. Here's why NuScale Power stock was soaring yet again this week. Sentiment around nuclear power has taken a 180-degree turn. With rising demand for electricity because of data centers, artificial intelligence (AI), and electric vehicles, companies and utilities are searching for more clean fuels to provide electricity. Nuclear power is a great option for this. In order to spur demand, President Trump signed an executive order aimed at boosting nuclear energy capacity in the United States and reducing red tape for regulations. This helped boost NuScale Power stock, which is a pre-revenue company trying to develop and sell nuclear power plant designs that are small modular reactors. This week, Oklo -- another nuclear energy start-up -- put out a press release about a deal to potentially provide nuclear power at an Air Force base in Alaska, although curiously, this same press release was put out in 2023 with little change. The release was done ahead of a stock offering, and sent shares of Oklo and other nuclear energy peers soaring, including NuScale Power. Nothing much changed about NuScale Power's business this week. In fact, it does not have much of a business to begin with. The company is aiming to build a disruptive small modular nuclear energy design that has been approved by the Nuclear Regulatory Commission (NRC), but no projects are slated to come online until 2030 at the earliest. Existing contracts in Utah were delayed and eventually altogether cancelled because of cost overruns. This is not a good sign for the viability of NuScale Power's technology, and should have investors wary about investing in the stock. This is a company that does not generate revenue, trading at a market cap of $11 billion. It won't generate any revenue for years. Smart long-term investors will avoid adding NuScale Power stock to their portfolios. Before you buy stock in NuScale Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NuScale Power 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 $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 174% 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 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy. Why NuScale Power Stock Soared This Week 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