Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Dollar Slips Ahead of Key U.S. Jobs Data as Fed Rate Outlook, ECB, and Iran Talks Shape Forex Markets 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Airbnb has hired Amazon’s former public relations and policy head, Jay Carney. The executive has left the e-commerce and tech giant to join the American vacation rental firm and work in the same job position.
Carney was Amazon’s top spokesman, and he will now move to Airbnb as its new PR and policy chief. The 57-year-old will fill the role previously held by Chris Lehane, who quit earlier this year to work for a cryptocurrency startup. Carney is set to formally start working at the company in September.
As per CNBC, he will be directly reporting to Airbnb’s co-founder and chief executive officer, Brian Chesky. Once he joins the company, it was reported that he will be based in Washington, D.C.
Prior to his move, he has been with Amazon since 2015. He also served former President Barack Obama as the White House press secretary from 2011 to 2014. Before working at the White House, he was a political journalist for 20 years at Time Magazine.
At Amazon, Carney was said to be part of Jeff Bezos’ elite S-team, and he has been in that group even when Andy Jassy took over as the company’s chief last year. His departure from the e-commerce giant is the latest high-profile exit as the company is facing a host of challenges, including regulatory conflicts in both Europe and the U.S., dealing with labor issues, and inflation.
“Jay has worked at the highest levels of both government and technology, serving as a strategic counselor to the President, and at one of the largest tech companies in the world,” Airbnb’s CEO said in a press release.
He added, “When you combine that with the two decades he spent on the ground as a journalist, he brings a deep understanding of the needs of multiple stakeholders. Jay is also a passionate advocate for community engagement and is committed to ensuring that Airbnb is a force for good. He’s the perfect person to lead Policy and Communications at Airbnb.”
Andy Jassy, Amazon’s CEO, also released a note regarding Carney’s departure. As published on CNBC, the memo also stated that the company will start looking for someone who will replace Jay. “In the interim, Brian Huseman, Susan Pointer, and Michael Punke will report to David Zapolsky, and Drew Herdener will report to me,” the chief further said.
