The government shutdown lingers, IREN and Opendoor post mixed results, and Elon Musk’s record-breaking pay package.
1) Shutdown running long
The federal government shutdown has entered its final stretch, with a vote expected tomorrow that could finally end the stalemate. Economic data releases remain paused and agencies are strained, but markets have held up better than expected.
A resolution could trigger a short relief rally, though investors are already pricing in lingering delays in data, contracts, and government spending.
2) IREN & Opendoor earnings in focus
Irēn Ltd. (NASDAQ:IREN) posted $240.3M in quarterly revenue, up more than 350% YoY, with net income of $384.6M… a sharp turnaround from losses a year ago. The company also highlighted progress on its Microsoft partnership, confirming that AI data center construction is underway with first-phase activation expected in 2026. Analysts see this as validation of the pivot toward hybrid Bitcoin …
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