The yen rallied sharply on Monday amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week. The Japanese currency swung from a small decline to gain as much as 1.4% versus the dollar during morning trading in Tokyo. It then pared a
At 30, the longest I’ve ever lived somewhere is five years. That’s one year longer than the time I spent in college, which for most people is probably the shortest time they’ve lived in one place. I’ve lived in 10 cities, seven states, and more houses than I feel like counting, and when people ask
The most important question in business isn’t always “What’s next?” Often, it’s “What won’t change?” That question sits at the heart of my colleague Kristin Stoller’s profile of Jeff Bezos at a pivotal moment for Amazon. The company, which recently bested Walmart for the No.1 spot on the Fortune 500 and Global 500, is pouring
In the high-flying world of AI investing, sometimes you get the bull, and sometimes you get the horns. After a long ride on the bull, Gen Z hedge-funder Leopold Aschenbrenner found out last week how quickly things can shift, even for a whiz kid once called the “Nostradamus of AI.” It’s a story that was
The last century was fueled by oil and gas. Turner Caldwell is betting the next century runs on metals. “We’re entering a metals-driven economy,” said Caldwell, CEO and cofounder at Mariana Minerals, a software-focused mining startup. “Lithium and copper are going to be core, but our mandate needs to be broader than that. We’re starting
South Korea’s stock market was back in the red on Monday, extending a turbulent stretch after July’s historic selloff. On Monday, the country’s benchmark Kospi index closed 5% lower as index heavyweights Samsung Electronics and SK Hynix both ended 9% lower. The declines reversed part of Friday’s record rebound, when the Kospi surged 178% —
