TSMC delivered its fifth consecutive record quarter and the market sold the stock anyway. Q2 revenue reached $39.45 billion, up 36% year over year and above the $39.94 billion consensus. Net income…
There’s a particular kind of restaurant where the kitchen isn’t hidden behind a swinging door but sits in full view, often just a few feet from the tables. Copper hoods catch the light, steam drifts…
The instinct when a frontier AI model gets cheaper is to assume value is being destroyed. It isn’t. Margin in a supply chain behaves less like a fixed prize and more like a fluid: squeeze it out of…
Ten rounds in. The pile still hasn’t organized itself, and by now that feels less like a failure than a format. Strays together, no thesis, one more time. Markets open on the plumbing. There’s a read…
Ninth time through and the ritual holds: gather the strays, resist the urge to connect them, let the list stand as a list. Markets first. There’s a structural read on the semiconductor equipment…
Stripe and private equity firm Advent International have reportedly offered to acquire PayPal for roughly $53 billion — $60.50 per share, about a 28% premium over Tuesday’s close, backed by around $50…
Micron fell roughly 8% on Wednesday, and the tape assigned two culprits: ChangXin Memory Technologies pricing an ~$8.5 billion IPO on Shanghai’s STAR Market, and reports that Washington may impose new…
There are weeks that resolve into a single story and weeks that don’t. This is the second kind — a pile of things that don’t share a theme so much as a moment, which is reason enough to set them side…
The tabs keep multiplying. Seventh pass through, same rule as before: put them together, skip the thesis. Money leads with structure over spectacle. There’s a breakdown of why EU tech is falling…
A blacksmith, a stable boy, a soldier, a slave. These are the sort of people who almost never survive in the historical record — no monuments, no inscriptions, no chroniclers. A new exhibition at the…