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Sandisk’s Margins Look Like Software. Can They Last?
Sandisk’s gross margins hit 85% on fixed-price contracts and AI-driven demand, prompting an Argus upgrade, even as bears question if price-led gains can last.
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CAVA Earnings: The Easiest Comp of the Year Meets a Tough Valuation
CAVA shares jumped 14% after Q2 2026 results beat estimates with 9% same-restaurant sales growth, though margins slipped and full-year guidance held steady, leaving valuation questions unresolved.
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The Economics of a Shrinking World
From Jesus Fernandez-Villaverde and Patrick Norrick: As of 2026, humanity is likely below replacement fertility. That has never happened before, not in wars or pandemics. But the real surprise is that the fall has been concentrated in low- and middle-income countries and among poorer and less educated women. We fit a single-factor model to 236…
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