Opower is losing millions. And that’s all part of the plan.

Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.

Powering up: Arlington-based Opower posted its first earnings as a public company Thursday, recording widening losses in the first quarter, and it will likely be another two years (or more) before the company is profitable. But with revenue up 50 percent, the company is right on track for a high-growth technology firm. (CAPBIZ)

Bargain hunting: Stein Mart has opened its third local store as part of an expansion in the Washington area, adding to its locations in Chantilly and Leesburg. The company plans to continue “scouring” the region for more opportunities. (CAPBIZ)

Ladies leading the way: Over the past decade and a half, the number of women-owned businesses in the U.S. has jumped 68 percent, compared to 47 percent for all companies. And there’s reason to expect that surge to continue. (AP).

A whole new Net? The Federal Communications Commission has voted to move ahead on a proposal that could dramatically change the rules of the Internet, under which an Internet service provider could charge a business for faster delivery of its content online. (WP)

That’s more like it: Inflation rates and the labor market, two key economic indicators the Federal Reserve has been monitoring closely, finally appear to be heading in the right direction. But can we expect that to continue? (NYT)

Fannie farewell? A Senate committee on Thursday approved a measure backed by the president that would dismantle Fannie Mae and Freddie Mac. However, the bill doesn’t stand much of a chance to make it to a vote in the full chamber. (WP)

Rocky road: General Motors recalled another 2.7 million vehicles Thursday, adding to the flood of safety repairs it is making in the wake of its slow action to address an ignition switch flaw that has been linked to 13 deaths. (WP)

On Wall Street

Stocks … (Get the latest updates here)

What’s on tap today

Housing starts report (8:30 a.m.)

Consumer sentiment report (9:55 a.m.)

Montgomery County Chamber of Commerce’s government contracting event (7:30 a.m.)

Veterans resources and hiring event (9:00 a.m.)

Challenge Festival’s Startup Government forum (10:00 a.m.)

Help: How your company can master search engine optimization, or SEO (ENT)

Follow: Steve Case, Revolution LLC CEO, speak tonight at the Challenge Festival

Extra: Happy bike to work day! Here’s your guide. (WP)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.
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J.D. Harrison · May 15