Spencer Kimball

1 week ago | cnbc.com | Spencer Kimball

Uranium mining giant Cameco and small modular reactor developer NuScale are poised to benefit the most from President Donald Trump's recent executive orders on nuclear power, according to Goldman Sachs. Cameco and NuScale have rallied on Trump's orders, gaining nearly 16% and 20% respectively since Friday.

1 week ago | cnbc.com | Spencer Kimball

United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. Thomas O'Neil | Nurphoto | Getty ImagesJapan's Nippon Steel is expected to acquire U.S. Steel for $55 per share, sources familiar with the matter told CNBC's David Faber.

1 week ago | cnbc.com | Spencer Kimball

Nuclear power is poised to grow significantly as investment picks up around the world after a long period of stagnation, according to Goldman Sachs. The nuclear industry suffered from years underinvestment in the wake of the Fukushima nuclear accident in Japan in 2011. But the sector is now at an inflection point as governments around the world agree that nuclear will play a key role in the transition to energy that emits less carbon, according to Goldman.

1 week ago | cnbc.com | Spencer Kimball

watch nowSolar power CEOs believed the billions of dollars that they invested in Republican congressional districts would ultimately shield their industry from President Donald Trump's threats to end federal support for renewable energy. But they may have been disastrously wrong. The tax bill that House Republicans passed this week is a "worse than feared scenario" for solar, analysts at the investment bank Jefferies told clients in a note.

2 weeks ago | nbcnews.com | Spencer Kimball

May 23, 2025, 5:33 PM EDT / Source: CNBCPresident Donald Trump on Friday cleared the merger of U.S. Steel and Nippon Steel, after the Japanese steelmaker’s previous bid to acquire its U.S. rival had been blocked on national security grounds. “This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Trump said in a post on his social media platform Truth Social.