Shelly Banjo

Deputy Editor in Chief

Shelly Banjo is the deputy editor-in-chief of Semafor. Previously, she spent nearly two decades at The Wall Street Journal and Bloomberg News covering how business, finance, economics, politics and power shape the world.

Yen erases gains after US-Japan intervention

The slide raised questions over the efficacy of the maneuver and whether more currency moves may be required.

A man walks past an electronic screen displaying the current Japanese yen exchange rate against the U.S. dollar and other foreign currencies after Japan and the United States conducted coordinated yen-buying intervention, in Tokyo

Issei Kato/Reuters

Novo Nordisk faces a rough patch

Novo’s shares have fallen 15% this year, tumbling further this week after guidance missed analysts’ targets.

Tom Little/Reuters

SpaceX shares sink after execs promise more spending

Still, shares wobbled after an initial jump on Tuesday.

Steve Nesius/Reuters

US and Japan vow further yen action

Japan’s top currency diplomat called the joint action the “culmination” of the US-Japan alliance, while President Donald Trump said it was a “signal of friendship.”

US President Donald Trump and Japanese Prime Minister Sanae Takaichi

Evelyn Hockstein/Reuters

Starbucks starts vibe coding enterprise stack

The CTO of Starbucks said the company is developing in-house AI tools to replace software it relies on Microsoft and IBM for.

Starbucks CEO Brian Niccol. Brendan McDermid/Reuters.

Honeywell ditches conglomerate model

The sector-spanning corporate empire is “outdated,” Honeywell Aerospace CEO Jim Currier told Semafor.

Caitlin O’Hara/Reuters

The Chokepoint Economy: CEOs say the US is resilient — but markets are underpricing risks

The gap in expectations between CEOs running retailers, industrial giants, and other “real economy” companies and Wall Street financiers has grown.

‘I’m the IPO guy’: serial entrepreneur Marc Lore on his plan to take Wonder public

Lore on why his food-delivery app wants to decide what you’re eating — and send someone to your house to test your blood.

US to announce Norway’s inclusion in Pax Silica group with aim to counter China

Norway will be the consortium’s 15th member.

‘Lone wolf’ gunman held after Trump evacuated from White House Correspondents’ Dinner

The president said a man who had “multiple weapons” was in custody.

Lululemon plucks Nike cast-off for CEO

Lululemon’s shares dropped 11% Thursday after the athleisure brand picked Heidi O’Neill as its new CEO.

Hyundai-LG opening battery plant after US ICE raid causes monthslong delays

CEO José Muñoz told Semafor World Economy that he has three top priorities for Hyundai: “U.S.A.”

More than 500 global CEOs, policymakers, and cabinet secretaries gather at Semafor World Economy in Washington

Kicking off Monday, power players from around the world descend on DC to confront a global economy rattled by wars, inflation, and the artificial intelligence boom.

The revenge of Thomas Friedman: How AI is turning us into ‘inoffensive, center-left’ columnists

AI is steering us to cerebral slop.

Costco stays silent on tariff refunds as Supreme Court ruling looms

Costco was among the largest of more than 1,000 retailers that sued the Trump administration over its imposition of tariffs.