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☆ Amazon is trying to get rid of its signature brown boxes. The retail shipping giant has a long way to go
▼ + stars: | 2024-04-01 | by ( Ellen Sheng | ) www.cnbc.com time to read: +3 min

Among the primary targets to help reduce this mountain of packaging, the most notable may be the Amazon shipping box or envelope. In 2022, 11% of Amazon orders worldwide were sent in original manufacturer packaging. The company has yet to release its 2023 figure for the initiative designed to get rid of Amazon's signature brown box, called the Ships in Product Packaging program. If customers complain about damage and return more items because of it, Amazon can go back to using boxes. "We wouldn't develop a new product unless we can ship it in the manufacturer's boxes," he said.

Persons: Kayla Fenton, Fenton, Johan Stellansson, Stellansson Organizations: Amazon, Products Locations: U.S, New York City, Los Angeles

LOS ANGELES (AP) — He's gone to Carolina in his mind and on tour for much of 2024. Photos You Should See View All 60 ImagesAP: Before the continental U.S. tour, you're headed to Japan, the Philippines, Australia, New Zealand and Hawaii. But he put it in reverse, stomped the accelerator and tore a great trough, a great furrow in the Tanglewood lawn. It's turned out to be a great thing for me, to play Tanglewood every year. TAYLOR: I feel like I’ve got another one in me — sounds like an egg — but I'm writing a little bit.

Persons: — He's, James Taylor, Taylor, It's, I've, TAYLOR, I’ve, it’s, Kim, It’s, “, we’ve, David Bowie ’, Bob, Dylan, Bruce, Springsteen Organizations: ANGELES, Associated Press, Hollywood Bowl, Filene, Darien Center, Tanglewood Locations: Carolina, United States, Massachusetts, Los Angeles, Vienna , Virginia, Salt Lake City, Morrison , Colorado ; Kansas City , Missouri, St, Louis, Highland Park , Illinois, Noblesville , Indiana, Nashville , Tennessee, North, Rock , Arkansas, Thackerville , Oklahoma, Clarkston , Michigan, Darien, Darien Center , New York, Syracuse , New York, Bethel Woods , New York, Bangor , Maine, Gilford , New Hampshire, Lenox , Massachusetts, Philadelphia, Wantagh , New York, Saratoga Springs , New York, Bridgeport , Connecticut, Burgettstown , Pennsylvania, Boston, Japan, Philippines, Australia, New Zealand, Hawaii, London

☆ Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year
▼ + stars: | 2024-03-02 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +6 min

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. "When you have Goliaths, and you're just David, it's really hard," said Avelo Airlines CEO Andrew Levy. David Neeleman, founder and CEO of Breeze Airways, before boarding the airline's inaugural flight at Tampa International Airport in Tampa, Florida, on May 27, 2021. A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Operational costsOffering low airfares has made industry-wide cost increases all the more daunting for Avelo and Breeze.

Persons: Charles M, Schulz, Patrick T, Fallon, They've, David, it's, Andrew Levy, Avelo, Levy, David Neeleman, Matt May, Henry Harteveldt, Harteveldt, Connecticut's, Neeleman Organizations: Avelo Airlines Boeing, Hollywood Burbank Airport, Airport, AFP, Getty, U.S, Breeze Airways, Los Angeles International, Avelo, United, Breeze, Southwest Airlines, Tampa International Airport, Bloomberg, Atmosphere Research, New Haven Airport, Wilmington, JetBlue Airways, Azul, Westchester County Airport, Canton Airport, International Airport, Airlines Locations: Hollywood, Sonoma, Santa Rosa, Angeles, Islip, Long, New York City, Delta, Southwest, U.S, Ukraine, Tampa , Florida, Florida, South Carolina, California, Puerto Rico, New, Westchester, Akron, Ohio, Hartford , Connecticut, Charleston , South Carolina, Vegas, Los Angeles, Breeze

The sun is about to pull another disappearing act across North America, turning day into night during a total solar eclipse. Photos You Should See View All 15 ImagesHere's what to know about April’s extravaganza and how to prepare:WHAT HAPPENS DURING THE TOTAL SOLAR ECLIPSE? By a cosmic stroke of luck, the moon will make the month’s closest approach to Earth the day before the total solar eclipse. WHEN IS THE NEXT TOTAL SOLAR ECLIPSE? The next total solar eclipse, in 2026, will grace the northern fringes of Greenland, Iceland and Spain.

Persons: Kelly Korreck, Neil Armstrong's, won’t, NASA’s Organizations: Michigan —, Indianapolis Motor, Armstrong Air, Space Museum, NASA, Space, Pacific, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: North America, Texas, Oklahoma, New England, Canada, Mazatlán, Mexico, Newfoundland, U.S, — Tennessee, Michigan, Dallas, Rock , Arkansas, Indianapolis, Cleveland , Ohio, Buffalo , New York, Montreal, Seattle, Portland , Oregon, Africa, Tiffin , Ohio, Russellville , Arkansas, Wapakoneta , Ohio, Virginia, Greenland, Iceland, Spain, Alaska, Western Canada, Montana, North Dakota, Northern California, Cape Canaveral , Florida, Carbondale , Illinois

NEW YORK (AP) — American Express rolled out several updates to its Delta SkyMiles credit cards Thursday that will give additional benefits to users, part of efforts to soothe sore Delta Air Lines customers who have considered abandoning the airline after last year’s SkyMiles loyalty fiasco. AmEx customers get access to Delta's airport lounges and are able to transfer their Membership Rewards points to Delta, among other benefits. To give a sense of scale, Delta CEO Ed Bastion told investors in June that roughly 1% of the entire U.S. economy is spend on Delta's credit cards. So, when Delta made alterations to its SkyMiles loyalty program last year, it was largely seen by Delta customers as a watering down of its program, and it caused turbulence between the two companies. Part of those changes required Delta customers to spend large sums of money on airfare or on the Delta credit card to be given elite status on the airline.

Persons: AmEx, Delta, it's, Ed Bastion, Bastion, “, Howard Grosfield Organizations: Delta, Air Lines, New, Delta Air Lines, American Express, U.S . Consumer Services Locations: New York, Delta, Hawaii , Alaska, Mexico, Caribbean, Central America, Atlanta, AmEx

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Annual fees increase between 18% to 52% on six consumer and business Delta SkyMiles credit cards. American Express and Delta Air Lines increased annual fees across their co-branded airline credit cards today for consumer and business credit cards alike. Delta SkyMiles® Platinum American Express Card, Delta SkyMiles® Platinum Business American Express Card, Delta SkyMiles® Reserve American Express Card, and Delta SkyMiles® Reserve Business American Express Card cardholders will receive $2,500 Medallion Qualifying Dollars (MQDs) every qualifying year, beginning February 1, which will give them a jumpstart toward earning Delta status each year. Delta SkyMiles® Platinum Business American Express Card and Delta SkyMiles® Reserve Business American Express Card cardholders can now spend above their credit limit, albeit within a certain undisclosed extent.

Persons: Resy, Katherine Fan, I've, Guy, NerdWallet, I'm, you'll, Read Organizations: Delta, American Express, Delta Air Lines, Delta SkyMiles, Delta SkyMiles ®, Express, Finance, Business, Forbes, USA, Austin American, Statesman, Associated Press, Google, MSN, University of Texas Locations: Hawaii , Alaska, Mexico, Caribbean, Central America, delta.com, Delta, Austin, Southwest, Texas, Taiwan, New York City

Michael Regan, the administrator of the EPA, speaks onstage with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. The Community Change Grants are the single largest investment in environmental justice that has been made by an administration, and a key measure to achieve the administration's goal of ensuring that 40% of federal clean energy investment benefits flow to disadvantaged communities. The Biden administration's spending on climate and environmental justice measures has been under scrutiny by Republican lawmakers seeking to undercut the president's climate agenda. "This historic, unprecedented funding has the promise to turn disadvantaged and overburdened areas into healthy, resilient, and thriving communities for current and future generations,” EPA Administrator Michael Regan said. The EPA will review applications on a rolling basis and encouraged applicants to apply as early as possible.

Persons: Michael Regan, Daniel Yergin, Callaghan O'Hare, Valerie Volcovici, Franklin Paul Organizations: P Global, REUTERS, Rights, Biden, Republican, EPA, Virgin, Franklin Paul Our, Thomson Locations: Houston , Texas, U.S, Alaska, Puerto Rico, Virgin Islands, Guam, Mexico

☆ U.S., China will seek to limit rising tensions amid domestic challenges, risk analyst says
▼ + stars: | 2023-11-20 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

US President Joe Biden greets Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation (APEC) Leaders' week in Woodside, California on November 15, 2023. China's President Xi Jinping and U.S. President Joe Biden will strive to keep a lid on tensions between the world's top two economies next year, as they focus on domestic challenges. The two leaders met last week on the sidelines of the Asia Pacific Economic Cooperation leaders' meeting in San Francisco after the global rivalry between the world powers came to a head earlier this year. Their first meeting in a year capped months of diplomatic work aimed at normalizing their shaky bilateral relationship derailed by a suspected spy balloon over continental U.S. early 2023 and ex-House Speaker Nancy Pelosi's Taiwan visit in August 2022. "You'll see in coming months, the U.S. and China are trying to put a ceiling on their tensions for very pragmatic and domestic reasons," Steve Wilford, partner and Asia Pacific head of global risk analysis at Control Risks, told CNBC Monday.

Persons: Joe Biden, Xi Jinping, Nancy Pelosi's, Steve Wilford Organizations: Economic Cooperation, APEC, China's, Asia Pacific Economic Cooperation, Asia Pacific, CNBC Locations: Asia, Woodside , California, San Francisco, Nancy Pelosi's Taiwan, U.S, China

The two leaders, who will meet on the sidelines of a summit of Asian-Pacific leaders, last spoke a year ago. Both men are seeking to show the world that while the U.S. and China are economic competitors, they are not locked in a winner-take-all faceoff with global implications. Their relationship has been increasingly defined by differences over export controls, Taiwan and the conflicts in the Middle East and Europe. Xi, meanwhile, is looking for assurances from Biden that the U.S. will not support Taiwan independence, start a new cold war or suppress China’s economic growth. “It is reported he’s very worried about the negative opinion of China in the United States,” Schumer said.

Persons: Joe Biden, Xi, Biden, John Kirby, “, We’re, ” Kirby, He's, Chuck Schumer, ” Schumer, Sagar Meghani Organizations: FRANCISCO, U.S, Economic Cooperation, White, Tuesday, National, State Department, APEC, Monetary Fund, Labor Department, Biden, Associated Press Locations: China, U.S, Iran, Taiwan, California, Asia, San Francisco, East, Europe, Tehran, Israel, Washington, Beijing, “, United States

WASHINGTON (AP) — The United States is hosting the annual APEC summit of world leaders this week for the first time since 2011. But the main summit event will actually be on the sidelines: A face-to-face meeting between President Joe Biden and Chinese President Xi Jinping. The annual leaders' conference brings together heads of nations and other top economic and diplomatic leaders. That decision was regarded as a snub by some APEC leaders. Since then, the APEC leaders have posed together in batik shirts (Malaysia, 1998), Chinese jackets (Shanghai, 2001), flowing ponchos (Chile, 2004) and "ao dai” tunics (Vietnam, 2006.)

Persons: Joe Biden, Xi Jinping, Vladimir Putin, Gina Raimondo, isn't, Biden, Donald Trump, Kamala Harris, that's, Morris Chang, Paul Chan, John Lee, It's, Bill Clinton, Barack Obama, Obama Organizations: WASHINGTON, APEC, Economic Cooperation, Biden, Pacific, Thai, Taiwan Semiconductor Manufacturing Co, Financial, Moody’s Investors Service Locations: United States, Asia, San Francisco, China, U.S, Israel, Ukraine, Russia, Japan, Australia, Taiwan, Hong Kong, Pacific, Bangkok, Chile, Thailand, China . Hong Kong, Seattle, American, Malaysia, Shanghai, ponchos, Vietnam, Philippines, Hawaii

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). If you've been thinking about getting a United credit card, now is the time to do it. United just boosted introductory offers on four popular credit cards, increasing each sign-up bonus by 10,000 additional United MileagePlus miles from its current rate. A free first and second checked bag can save you and a companion up to $320 round-tripCheck mark icon A check mark. Up to $125 in annual credits toward United® purchases can offset half the annual feeCheck mark icon A check mark.

Persons: —, you've, Here's Organizations: United Club, Service, United, FDIC, United ®, United Airlines, ℠, Card, Club, Free, TSA, Star Alliance Locations: United, Canada

☆ Inside Poland Spring’s Hidden Attack on Water Rules It Didn’t Like
▼ + stars: | 2023-10-24 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +14 min

The BlueTriton bottling plant in Poland Spring, Maine, this month. Water Clashes NationwideBlueTriton finds itself pitted against local water boards, environmentalists and other groups across the country. Aquifers Water bottling facility BlueTriton facility Aquifers Water bottling facility BlueTriton facility Aquifers Water bottling facility BlueTriton facility Water bottling facility Aquifers BlueTriton facility Water bottling facility Aquifers BlueTriton facility Water bottling facility Aquifers BlueTriton facility Sources: U.S. Geological Survey; Continental U.S. aquifer map data from GebreEgziabher, Jasechko and Perrone, Nature Communications (2022) Mira Rojanasakul/The New York TimesIn California, BlueTriton has publicly criticized and vowed to fight a cease-and-desist order issued by the state’s water board to stop diverting millions of gallons of water from a spring in San Bernardino County. Poland Spring water was first packaged as a local elixir in the mid-1800s. The original Poland Spring water source.

Persons: BlueTriton, ”, Elizabeth M, Frazier, haven’t, Christopher Kessler, Bottlers, Ms, Frazier didn’t, Anthony Moffa, Mark Lawrence, Lawrence, Mira Rojanasakul, State Legislature’s, Margaret M, “, John Mullaney, Roger Crouse, Cheryl Dieter, Metropoulos, Nestlé, John McGowan, Natalie DiPentino, DiPentino, Poland Spring, BlueTriton’s Organizations: The New York Times, Times, Democratic, Energy, Utilities, Technology, Maine State House, ”, Industries, University of Maine School of Law ., Democrat, Water, . Geological Survey, Continental, Nature Communications, New York Times, State, Poland, U.S, Geological, Water Science, Industry, Maine Water Utilities Association, United States Geological Survey, Rock Capital Partners, Metropoulos, Moody’s Investors Service Locations: Maine, Poland, Poland Spring , Maine, South Portland, Michigan, Colorado, Augusta, In Colorado, Arkansas, United States, Continental U.S, GebreEgziabher, California, San Bernardino County, In Michigan, Lincoln, Lincoln , Maine, New York, BlueTriton’s Poland, Chaffee County , Colorado

☆ My Family of 5 Flies for the Price of 3—Here’s How
▼ + stars: | 2023-10-08 | by ( Jason Steele | ) www.wsj.com time to read: +5 min

From our home in Denver, my wife, three kids and I often travel to visit family in Florida, California, Georgia and New York. And when I travel for work as a professional credit card reviewer and consultant, I often bring a kid or two along. My path to companion pass bliss came through Southwest credit cards, such as the Southwest Rapid Rewards Priority Credit Card, but frequent flights can also get you there. As our family grew, my wife also began earning a Companion Pass, allowing the whole family to travel at a steep discount. For example, the Southwest Rapid Rewards Priority Credit Card offers 50,000 bonus points when you spend just $1,000 in the first three months.

Persons: Jason Steele Organizations: Southwest Airlines, Rapid, Southwest, Alaska Airlines, Alaska Airlines Visa Credit, Delta, American, Southwest Rapid Locations: Denver, Florida , California, Georgia, New York, Puerto Rico, Hawaii, Mexico, Caribbean, Southwest, Florida, San Antonio

WASHINGTON (AP) — President Joe Biden said Friday that he could potentially meet with Chinese President Xi Jinping on the sidelines of next month's Asia-Pacific Economic Cooperation summit in San Francisco. “There has been no such meeting set up, but it is a possibility," Biden told reporters when asked about the prospects of a face-to-face meeting with the Chinese leader. Biden and Xi have not spoken since their meeting last November of the sidelines of the Group of 20 summit in Bali, Indonesia. Political Cartoons View All 1202 ImagesThe Biden administration shot down a Chinese spy balloon that traversed the continental U.S. earlier this year. Beijing has stayed on the sidelines since Russia invaded Ukraine in February 2022.

Persons: Joe Biden, Xi Jinping, Biden, Xi, Gina Raimondo, Jake Sullivan, Wang Yi, Antony Blinken, Janet Yellen, Raimondo, John Kerry, Chuck Schumer Organizations: WASHINGTON, Economic Cooperation Locations: Asia, San Francisco, Bali , Indonesia, White, U.S, China, Ukraine, Taiwan Strait, Beijing, Russia, Moscow, Malta

☆ Dollar General's takeover of America is nearly complete, proving messy stores can win with discounts
▼ + stars: | 2023-10-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

AdvertisementAdvertisementYou can now find a Dollar General store in every one of the 48 contiguous states. But current and former employees have told Insider that working conditions inside many Dollar General stores are chaotic and even dangerous. Employees have told Insider that Dollar General does not schedule enough employee hours to unpack merchandise and maintain the stores. In August, executives said that Dollar General would spend extra money on labor and deploy what it calls "smart teams" to clean up its messy stores. Do you work at Dollar General and have a story idea to share?

Persons: — Organizations: Service, Dollar Locations: Montana, Columbia Falls , Montana, Columbia

Cases of West Nile virus are increasing in the U.S., with health officials across several states urging residents to take precautions. According to the Centers for Disease Control and Prevention, 43 states have reported West Nile virus infections this year. "The trends we are seeing in our West Nile virus tracking data are unprecedented," Colorado epidemiologist Rachel Herlihy said in a statement last month. West Nile virus is the leading cause of mosquito-borne disease in the continental U.S., according to the CDC. There are no vaccines or treatments for West Nile virus in people.

Persons: Rachel Herlihy, “, Shawn M, LaTourette, Public Health Services Nilesh Kalyanaraman Organizations: Centers for Disease Control, New, Jersey Environmental, Maryland, Public Health Services, Health Locations: U.S, Colorado , California , Arizona , Nebraska, South Dakota, Colorado, West, Southwest, East, New Jersey, ”, Jersey, Maryland

The new lawsuit, first obtained by NBC News, alleges that Hawaiian Electric helped set the stage for the monstrous wildfires last week. The plaintiffs allege years of inaction and negligence by the utility company, and argue that the firm should have had plans in place to shut down power systems before fierce winds blew across Hawaii. "Hawaiian Electric is not just responsible and they weren't just negligent," said Mikal Watts, a lead attorney on the case. Hawaiian Electric Company declined to comment on the pending lawsuits, saying that would violate an internal policy. Darren Pai, a spokesperson for the company, said Hawaiian Electric was aware of the allegations but remained focused on restoring power to Maui.

Persons: Mikal Watts, Darren Pai, Watts, Pai Organizations: NBC News, Electric, Hawaiian Electric Company, Hawaii Public Utilities Commission Locations: Lahaina , Hawaii, Hawaii, Maui, California, Lahaina

☆ United adds Tokyo, Manila and Taipei flights to cater to international travel boom
▼ + stars: | 2023-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines on Tuesday mapped out another expansion of Asia flights in the coming months, part of its push to capitalize on a boom in long-haul international travel that has helped drive airlines back to profitability after the Covid-19 pandemic. International travel bookings surged this year, airline executives have said, as travelers seek long-distance trips they put off during the pandemic amid a web of travel restrictions and concerns about the virus. United announced new flights to New Zealand and Australia in April. Starting Oct. 29, United will fly daily nonstop flights between San Francisco and Manila, becoming the only U.S. airline to offer nonstop service to the Philippine capital from the continental U.S. Quayle said Tokyo flights have been in high demand since Japan lifted travel restrictions earlier this year.

Persons: Patrick Quayle, United's, Quayle Organizations: Airlines, United, Boeing Locations: Asia, New Zealand, Australia, United, San Francisco, Manila, Philippine, Taipei, Taiwan, Los Angeles, Tokyo, Japan

☆ America’s Foreign Vacations Tell Us Something About the U.S. Economy
▼ + stars: | 2023-07-15 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

People spent 2020 and 2021 either cooped up at home or traveling sparingly and mostly within the continental U.S. But after Covid travel restrictions were lifted for international trips last summer, Americans are again headed overseas. According to estimates from AAA, international travel bookings for 2023 were up 40 percent from 2022 through May. Tour and cruise bookings are expected to eclipse prepandemic highs, with especially strong demand for vacations to major European cities. Paris, for example, experienced a huge jump in North American tourists last year compared with 2021, according to the city’s tourism bureau.

Persons: Emily Organizations: AAA Locations: Paris, Europe

Secretary of State Antony Blinken is expected to travel to China in the coming weeks for talks, two U.S. officials told NBC News on Tuesday. The news comes after a previously planned trip was postponed following the discovery of a Chinese spy balloon flying over the United States. U.S. officials did not provide additional details on the timing of Blinken's rescheduled trip, which was first reported by Bloomberg. President Joe Biden and Chinese President Xi Jinping previously met in November in Bali, Indonesia, where they agreed that Blinken would visit China to follow up on the discussions. A Chinese government representative defended its actions, saying Monday that "China always respects the right of navigation."

Persons: Antony Blinken, Blinken, Wang Yi, Ned Price, Joe Biden, Xi Jinping, John Kirby, Biden Organizations: American Israel Public Affairs, NBC, U.S, Bloomberg, ., State Department, China's Ministry of Foreign Affairs, National Security, U.S . Locations: Washington , DC, China, United States, . American, South Carolina, Singapore, Bali , Indonesia, Taiwan, Bali, American, Beijing

☆ CrowdStrike shares tumble as revenue shows signs of slowing
▼ + stars: | 2023-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. : 57 cents, adjusted, vs. 51 cents expected. Revenue: $692.6 million, vs. $676.4 million expected. CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago. The company offered current quarter guidance of $717.2 million to $727.4 million, compared with a consensus range of $698 million to $742 million.

Persons: CrowdStrike, George Kurtz, Burt Podbere, Kurtz Organizations: Revenue, Nasdaq, Microsoft, U.S . Navy, National Security Agency, U.S . Department of Justice Locations: cybersecurity, China, U.S, Guam

☆ US review of China tariffs won't depend on trade 'breakthrough'-Deputy USTR
▼ + stars: | 2023-05-28 | by ( David Lawder | ) www.reuters.com time to read: +4 min

We’re not base-casing any breakthrough in the trade relationship" with China as part of the review, Bianchi said. Bianchi declined to say when the review would be completed, but added that this was "reasonable" by the end of 2023. Some trade experts in Washington view that date as a possible decision point in the tariff review. U.S. Treasury Secretary Janet Yellen that eliminating "non-strategic" tariffs would reduce costs for specific goods, while Trade Representative Katherine Tai argued that the duties represent "significant leverage" over China. "On trade right now, there aren’t many similar perspectives," she said of the U.S. and China.

☆ NRO director says commercial space industry helps fuel the spy satellite agency’s ambitious goals
▼ + stars: | 2023-05-25 | by ( Morgan Brennan | ) www.cnbc.com time to read: +5 min

The U.S. National Reconnaissance Office plans to quadruple the number of satellites on orbit over the next decade. It will need commercial space companies to help do it. "It's helped us improve our reliability so that we can achieve more with more capability at a lower cost," he said. The ambitious game plan speaks to the growing role of commercial space companies in national security work. NRO partners closely with both the U.S. Space Command and the Space Force.

Jamie Dimon in the spotlightJPMorgan Chase will hold its investor day on Monday after one of the busiest starts to a year that the bank has had in some time. But while Jamie Dimon, the bank’s C.E.O. JPMorgan is riding high, having recently agreed to buy First Republic, the latest of its deals to bail out a struggling lender. The bank most likely can’t buy any more lenders, amid anger in Washington over how it was allowed to purchase First Republic. Mr. Dimon and his team are expected to argue that there’s still plenty of room to grow, including by expanding its wealth-management business.

☆ U.S. to send nuclear submarines in new pledge to protect South Korea from North's threats
▼ + stars: | 2023-04-26 | by ( Alexander Smith | ) www.cnbc.com time to read: +5 min

The United States will deploy nuclear-armed submarines to South Korea for the first time in decades — part of a new agreement that will signal Washington's commitment to defend Seoul against rising nuclear threats from North Korea, U.S. officials said. The plan to dock the ballistic missile submarines in South Korea, which hasn't happened since the 1980's, headlines an effort to make U.S. deterrence against Kim Jong Un's regime "more visible," according to senior administration officials. President Joe Biden and his counterpart, South Korean President Yoon Suk Yeol, will unveil the new agreement in Washington on Wednesday, the officials said. In return, an official added, South Korea would reaffirm its commitment to the Nuclear Nonproliferation Treaty, known as the NPT, which bars countries from seeking nuclear weapons. Yoon's visit follows the largest U.S.-South Korea joint military exercises in years, aimed largely at countering the North Korean nuclear threat.

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