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Dave Stephenson - 1 Brian Chesky - 1 Ellie Mertz - 1 Stephenson - 1 Chesky - 1 Dave - 1 . Mertz - 1 Catherine Powell - 1
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☆ Airbnb Chief Financial Officer Dave Stephenson moves to new role as company reaches ‘inflection point’
  + stars: | 2023-12-05 | by ( Rohan Goswami Deirdre Bosa | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Airbnb Chief Financial Officer Dave Stephenson will transition into a newly created chief business officer role at the company. Airbnb Chief Financial Officer Dave Stephenson, who helped guide the company through Covid-19 tumult and an initial public offering, will transition into a newly created chief business officer role, Airbnb CEO Brian Chesky said in a Tuesday note to employees viewed by CNBC. Chesky said Stephenson's new role would also mark an "inflection point" for Airbnb, where the business would begin to focus on growth across existing and new businesses. "As Chief Business Officer, Dave will be across all aspects of our strategy to expand beyond the core," Chesky wrote. Before joining Airbnb, Stephenson was finance chief at Amazon's Worldwide Consumer unit.
Persons: Dave Stephenson, Brian Chesky, Ellie Mertz, Stephenson, Chesky, Dave, . Mertz, Catherine Powell, Airbnb, Nathan Blecharczyk, Joe Gebbia, — CNBC's Laura Batchelor Organizations: CNBC, Airbnb, Amazon's, Disney, CNBC PRO Locations: Covid, Airbnb
☆ Fed Chair Powell warned of ‘pain’ to come. Seniors on fixed incomes are already feeling it
  + stars: | 2022-09-26 | by ( Martha C. White | ) edition.cnn.com   time to read: +8 min
“Social Security comes up short by at least $1,000 [a month] in many locations. John Harriger, a resident of Chilhowie, Virginia, suffered a disabling back injury in 1994 and relies solely on Social Security for income. “I get about $1,800 a month [from Social Security] but… when gas and groceries started going up, I couldn’t make it any more. Sites, who relies wholly on Social Security for her income, said she worries what will happen when the mortgage on her home near Asheville, North Carolina, resets. This has a pass-through effect on the financial security of older Americans.
☆ The UK’s ‘Trussonomics’ crashes the pound and leaves investors shaking their heads
  + stars: | 2022-09-26 | by ( Allison Morrow | ) edition.cnn.com   time to read: +5 min
Here’s the deal: The British pound tumbled to a record low against the US dollar on Monday as investors around the world dumped UK assets. For the first time in history, the pound is on track to hit parity with the dollar before the end of the year. Part of the pressure on the pound comes from the strong dollar, which has gotten a boost from the Federal Reserve’s interest rate hikes. But the pound is also falling against the euro, signaling broader concerns about the UK’s financial health. “This is a painful reminder that economic policy is not a game,” said Torsten Bell, chief executive of the Resolution Foundation, a think tank that focuses on boosting living standards for low- to middle-income households.
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