Markets
markets
Luke Kawa

Opendoor surges as embattled CEO Carrie Wheeler heads for the door

Shares of Opendoor Technologies are surging as the online real estate company announced that its CEO and chair of the board, Carrie Wheeler, is stepping down from her positions.

Shrisha Radhakrishna, chief technology and product officer, will serve as president and interim leader of Opendoor. The company said it began a CEO succession planning process after Wheeler approached the board of directors in mid-2025 and that its search for a new leader is “well underway.”

Despite OPEN’s stock rising more than 500% since the end of June, Wheeler had faced a lot of heat from the likes of Opendoor co-founder Keith Rabois and EMJ Capital’s Eric Jackson over the past days and weeks due to her inability to deliver a material fundamental turnaround for the company.

When we interviewed Jackson in mid-July, shortly after his bullish thesis on Opendoor sparked waves of retail buying, he said “the only thing so far that’s worried me” was the lack of confidence that Rabois had in Wheeler.

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We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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