31 Days to a Funding Cliff
Two unreconciled CRs, one fiscal deadline, and a data blind spot that could leave the Fed guessing in October.
Economy
The Balance Sheet Case Against Small Caps
Warsh's Jackson Hole warning has institutions screening the Russell 2000 for interest coverage, not valuation.
WDAY Beat on Everything. The Guide Is the Problem.
Workday’s Q2 was nearly clean. A light subscription outlook pushed shares down after hours. That dislocation is worth examining carefully.
CrowdStrike’s Record Quarter Has a Clear Catalyst
Net new ARR jumped 51% year over year. Anthropic’s Mythos model changed the threat landscape, and CrowdStrike was positioned for…
Chargeback Rates Are Now the Key Metric in HIMS
Visa monitoring makes Hims’ GLP-1 subscriptions legible from the outside.
Oracle Just Partnered With Its Biggest Rival
AWS signed. The stock is down 59%. The backlog is $638B. One of these is wrong.
MRNA Doubled on Data Nobody Has Seen Yet
INTerpath-001 topline moved the stock 177% in one day. Hazard ratios, p-values, and survival curves were not released.
Eaton Built a 307-Gigawatt Moat. ETN Still Discounts It
Record Q2 revenue, a 307-gigawatt U.S. pipeline equal to 15 years of build, and a cooling deal running 20% above…
Meta Faces a Trial Bigger Than the Number
A $1.4 trillion headline distracts. The injunction could break Meta's model.
IBM’s $8 Trillion Warning Is Not About IBM
Krishna’s key point is about firms that never warned