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Amazon's air cargo head changes jobs, will now oversee workplace-safety unit

Sarah Rhoads, who was responsible for Amazon‘s burgeoning air cargo business, is shifting roles to oversee the e-retailer’s workplace health and safety division. John Felton, Amazon’s head of worldwide operations, announced the move in a note to staffers on Thursday, according to a copy of the memo viewed by CNBC. Rhoads will also be in charge of Amazon’s global operations learning and…

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China's travel recovery gets more attention, but India's outbound market is 'booming' even faster

Talk about Asia’s travel recovery is still largely focused on the return of Chinese travelers. But it’s Indians travelers who are searching for international trips faster than travelers in any other market in the world, Agoda’s CEO, Omri Morgenshtern, told CNBC Travel. “The entire thing is booming,” he said. “India outbound [travel] is growing much faster than any other.” Company data showed that…

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Elon Musk's brain implant company Neuralink announces FDA approval of in-human clinical study

Neuralink logo displayed on a phone screen, a silhouette of a paper in shape of a human face and a binary code displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on December 10, 2021. Jakub Porzycki | Nurphoto | Getty Images Neuralink, the neurotech startup co-founded by Elon Muskannounced Thursday it has received approval from the Food and Drug…

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TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia

A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. It comes as its parent ByteDance pushes the short video app in markets outside the U.S. and India to create alternative revenue streams. TikTok Shop is the e-commerce marketplace of short…

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Fintech firm Klarna halves net loss in first quarter as it races toward profitability

Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Klarna, the Swedish buy now, pay later fintech company, halved its net loss in the first quarter, recording a significant improvement in its bottom line after a major cost-cutting drive. The company posted a net loss of 1.3 billion Swedish krona…

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Consumers are starting to fire up China's pandemic-battered economy, two ETF experts find

China’s pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares’ Brendan Ahern. “We’re seeing the incremental rebound from the Chinese consumer,” the firm’s chief investment officer told “ETF Edge” this week. “[But] it’s not like turning on a light switch.” The National Bureau of Statistics of China reports retail sales have been increasing since…

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French riot police fire tear gas at climate protesters outside TotalEnergies shareholder meeting

Protesters outside the Salle Pleyel venue in Paris could be heard chanting “all we want is to knock down Total” and “one, two, three degrees, we have Total to thank.” Bloomberg | Bloomberg | Getty Images French riot police on Friday fired tear gas at hundreds of climate activists trying to prevent the annual general meeting of oil giant TotalEnergies from taking place. Activists from campaign…

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A U.S. recession would be 'good news' for markets, strategist says

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty Images A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management. U.S. consumer price inflation eased to 4.9% year on year in April, its lowest annual…

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JPMorgan Chase cut about 500 jobs this week, including technology and operations roles

JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023. Gabby Jones | Bloomberg | Getty Images JPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of the move. The cuts were spread across the New York-based firm’s main divisions of retail and commercial banking, asset and wealth management and…

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Treasury now says it could run out of money June 5, buying time for debt ceiling talks

WASHINGTON — Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5. “We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen wrote in a letter to House Speaker Kevin…

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