The Japanese yen is surging, reviving an uncomfortable memory for investors: the carry-trade turmoil of the summer of 2024. Early on Wednesday, a dollar bought about 153 yen, about 4% fewer than at the start of the month and 2% fewer than at the start of the year as the Japanese currency strengthened. The currency
CUPERTINO, Calif.—Nearly 20 years ago, Steve Jobs upended the consumer hardware space by introducing the world to the iPhone, propelling Apple to unprecedented heights. While few product launches can top that moment, Apple today is poised to host one of its most exciting events in recent memory when it unveils its latest hardware, which is
An Anthropic researcher who previously worked at OpenAI just quit. He’s the latest insider who’s warned that the AI race has become dangerously reckless. Jacob Coxon announced his resignation from Anthropic on Tuesday, saying he had spent the past three years doing pre-training research at the two AI giants. “Neither company is acting responsibly,” Coxon
Business leaders can’t predict their way through today’s turbulent environment—and should stop trying. “Instead of trying to predict the future, it’s probably better off to really enhance the muscle of adaptability,” Carol Liao, chair of BCG Greater China, said at the Fortune Leaders Forum on Sept. 8. And in an era when AI is commoditizing
In an era when documentaries about famous people can be as light and sweet as the snacks you eat while watching them, Alex Gibney is going against the grain. His new documentary, “Musk,” which premiered at Venice Film Festival on Sept. 8, proves there’s still room for hard-hitting investigative docs in Hollywood — as long
Macau, the world’s largest gambling hub, hopes to move from being a “tourism city” to a “business city,” according to the head of the Chinese city’s trade and investment promotion arm. Speaking at the Fortune Leaders Forum in Macau on Sept. 8, Alex Che Weng Keong, president of the board of directors of the Commerce
