Friday links: how the economy works

FinanceDo we need to worry about rising margin debt? (cnbc.com)It's tough out there for aspiring hedge fund startups. (bloomberg.com)Just how big can tokenization get? (barrons.com)Data centersHow the CBOE's ($CBOE) trading floor will be turned into a data center. (bloomberg.com)How data center industry is trying to get back in the country's good graces. (slate.com)What the data center boom looks like from the sky. (nytimes.com)Stay in touchDon't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)RestaurantsA Starbucks and Chipotle merger? Uh, okay. (barrons.com)When and how Chick-fil-A continues to expand. (cnbc.com)Once hot cookie franchise Crumbl is struggling. (restaurantbusinessonline.com)EconomyThe U.S. economy is a big bet on AI. (scientificamerican.com)Not surprising, but older and wealthier Americans have been winners post-pandemic. (wsj.com)E