Author: arthursheikin@gmail.com
[ad_1] Opendoor’s CEO is out — and the stock is soaring.Carrie Wheeler, the chief executive of Opendoor Technologies, announced on Friday that she’s stepping down.”The last weeks of intense outside interest in Opendoor have come at a time when the company needs to stay focused and charging ahead,” Wheeler said in a post on X. “I believe the best thing I can do for Opendoor now is to accelerate my succession plans.”Opendoor shares spiked, with the stock up as much as 13% on Friday.Today, I am stepping down as CEO of Opendoor.When the Board of Directors asked me to take…
[ad_1] UnitedHealth shares are getting a much needed boost after high-profile investors including Warren Buffett and David Tepper unveiled new stakes in the scandal-plagued insurer. The health care stock popped 10% on Friday, on track for its best day in five years. The advance came after Buffett’s conglomerate Berkshire Hathaway revealed a stake of five million shares , worth about $1.6 billion. The “Big Short” investor Michael Burry and Appaloosa Management’s Tepper also disclosed sizable stakes in the company. It may come as a surprising move as UnitedHealthcare has become the poster child for problems with the nation’s sprawling health-care…
[ad_1] “Was this what you wanted?”When I first started telling colleagues that I was pregnant with my third child, this question surprised me. Pregnancy tends to open the floodgates of highly personal questions and inappropriate commentary from unlikely sources. But this one gave me pause.I’m not so young anymore — I’m nearing 40. I have the glow of a youthful pregnancy, but I’m not so old that this pregnancy would be considered abnormal, either (although yes, the doctors call it “geriatric”). And yet, I’ve been called “brave” at work and see a certain strain in people’s eyes when they find…
[ad_1] Here are Friday’s biggest calls on Wall Street. Morgan Stanley reiterates Apple as overweight Morgan Stanley says Apple shares appear to be “turning a corner.” “We are turning more bullish – forward iPhone unit/revenue growth expectations are still relatively muted, many of the same factors that got us bullish last July remain, we’re past peak tariff risk…” Morgan Stanley reiterates Nvidia as overweight The firm said Nvidia’s Rubin chip is on track and that investors should remain calm. “The chips and their system design should be finalized next March, with the chip entering mass production in 2Q26, followed by…
[ad_1] HSBC says its time to move to the sidelines on Cisco Systems . The bank downgraded the network infrastructure stock to hold in a Thursday note and lowered its price target to $69 per share from $73. HSBC’s forecast implies about 0.4% downside from Thursday’s close. Analyst Stephen Bersey said Cisco’s “restocking party seems over” after the company’s lukewarm quarterly results. “We expected Cisco’s networking segment to report improved growth vs a low base as its sector emerged from several quarters of destocking,” Bersey said. “Cisco’s networking revenue growth accelerated from -23.5% y-o-y in 1QFY25 to +12.2% in 4QFY25.…
[ad_1] Pavel Durov, the founder and CEO of Telegram, shared three pieces of advice his dad gave him for leading the messaging app.”A month ago, my father — a leading expert in Ancient Roman literature — turned 80. I asked what advice I should pass to the next generation,” the Russian entrepreneur wrote in a post on X on Thursday. Valery Durov was head of classical philology — the study of language in historical sources — at St Petersburg State University until 2013, the year Pavel cofounded the encrypted messaging service with his brother Nikolai.Durov shared his father’s advice on…
[ad_1] Target could have a rough road ahead, according to Bank of America. BofA downgraded the retailer stock to underperform from neutral on Friday and trimmed its price target to $93 per share from $105. The firm’s forecast now implies more than 10% downside from Thursday’s $105.25 close. Analyst Robert Ohmes said that Target’s long-term outlook is collapsing as the company falls further behind its peers. TGT YTD mountain Target stock in 2025. “TGT is now underperforming WMT on a comp sales CAGR vs. 2019 and TGT’s digital trends look very challenged, with mobile app monthly active users (MAUs) -4.1%…
[ad_1] Investors should snag shares of Tapestry on the dip, according to Wells Fargo. The bank reiterated an overweight rating on the fashion holding company and raised its price target to $120 per share from $100. The firm’s new forecast implies more than 25% upside from Thursday’s $95.69 close. Tapestry shares sold off nearly 16% on Thursday after the Coach parent warned that President Donald Trump’s tariffs will hit profits . However, Wells Fargo analyst Ike Boruchow said the pullback is a buying opportunity. TPR YTD mountain Tapestry stock in 2025. “While today’s selloff is due to a ‘weak’ FY26…
[ad_1] My husband and I spent nearly two years living in his mother’s garage for $250 a month.It wasn’t the cute, converted kind you see on DIY TikTok with string lights and space-saving hacks. I’m talking cement floors, cobwebs in the rafters, exposed insulation, and space heaters aimed directly at the bed just to get us through the winter of 2022-2023 — one of Utah’s heaviest snowfall winters to date. Atkinson lived with her husband and their dog in a garage during one of Utah’s snowiest winters. Courtesy of Thea Atkinson Deciding to live there didn’t feel like a romantic…
[ad_1] The US has been trailing China in the race for open-source AI. OpenAI’s latest move could help close that gap — but it could also spur China to speed up its own releases.Last week, OpenAI CEO Sam Altman announced GPT-oss, a family of large language models with “open weights.”That means anyone can see or use information determining how the model works after it’s been trained — but not the full source code.”We believe this is the best and most usable open model in the world,” Altman wrote on X on Aug 6.GPT-oss is OpenAI’s first open-weight language model in…