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Alberta Examines Three Northern Routes for Oil Pipe to Feed Asia
Bloomberg's Brian Platt joins Scarlet Fu on "Bloomberg Markets." Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia, according to people familiar with the matter, as Canadian officials make plans to sharply increase energy exports to Asia. (Source: Bloomberg)
Nearly 208,000 heated socks sold at Costco recalled due to burn injuries
MoneyWatch Nearly 208,000 heated socks sold at Costco are recalled after customers report burns .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports...
Here's how much more affordable a $40,000 home equity loan is now compared to 2025
MoneyWatch: Managing Your Money Here's how much more affordable a $40,000 home equity loan is now compared to 2025 We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money sectio...
Meta to cut 8,000 jobs as it charges into AI
MoneyWatch Meta to cut 8,000 jobs as it charges into AI .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Alain Sherter Alain Sherter Senior Managing Editor, MoneyWatch Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. Read Full Bio Alain Sherter April 23, 2026 / 3:03 PM EDT / CBS News Add CBS News on Google Meta plans to lay off roughly 8,000 employees, or 1...
AI Fears Keep Hammering Software Stocks—Even Those Reporting Good Earnings
BreakingInnovationAI Fears Keep Hammering Software Stocks—Even Those Reporting Good EarningsByAlicia Park,Fellow. I cover tech and innovation.Follow AuthorApr 23, 2026, 02:54pm EDTApr 23, 2026, 03:03pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineSoftware companies IBM and ServiceNow both beat Wall Street's estimates in first quarter earnings Wednesday after market close, but both stocks plummeted—leading a...
Freeport Shares Slide as Indonesian Mine Restart Faces Delay
Bloomberg's Jacob Lorinc joins Scarlet Fu on "Bloomberg Markets." Freeport-McMoRan fell after the copper miner warned that a slower ramp-up at its flagship Grasberg mine in Indonesia will weigh on future production. The top US copper producer said it’s pushing back the restart schedule at the Grasberg complex after discovering new challenges with specialized equipment needed to restart operations following last year’s deadly mudslide. (Source: Bloomberg)
Don’t stop hiring humans — stop hiring the wrong humans, Artisan’s founder says
Artisan may be known for their bold “Stop Hiring Humans” campaign but the reality is every founder needs to assemble the right team if they want to scale. The fast-growing AI startup is building AI employees for sales outbound and customer engagement. This week on Build Mode, Isabelle Johannessen spoke with Jaspar Carmichael-Jack, the co-founder and CEO of Artisan about the early days growing their team and the hiring mistakes that could have killed them before they got off the ground. Making t...
Morocco, International Date Council Sign Deal to Boost Palm Date Sector
Morocco and the International Date Council (IDC) signed a memorandum of understanding on Monday in Ifrane to strengthen cooperation in developing the palm date industry. Agriculture Minister Ahmed El Bouari and IDC Executive Director Princess Sara Bent Bandar Bin Abdelaziz Al Saud signed the agreement on the sidelines of the 18th edition of the International Agriculture Fair (SIAM), which opened Monday in Meknes. The MOU establishes a formal institutional framework for collaboration between the...
Microsoft Issues First-Ever Employee Buyout—Here’s How Much Employees Might Receive
BreakingBusinessMicrosoft Issues First-Ever Employee Buyout—Here’s How Much Employees Might ReceiveByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorApr 23, 2026, 02:31pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineMicrosoft on Thursday began offering voluntary buyouts to thousands of employees in the software giant’s first-ever employee buyout program, and workers...
Meta Laying Off 8,000 Employees, 10% of Workforce, Amid Surge in Spending on AI
Meta, parent of Facebook and Instagram, is laying off about 8,000 employees — and eliminating another 6,000 open jobs — as it is in the midst of a companywide shift to artificial intelligence. The job cuts were announced in an internal memo to Meta staffers from the company’s head of HR, Janelle Gale. “We’re doing […]
Morocco’s Cegelec Lands MAD 2 Billion Energy Deal in Guinea
Marrakech – Morocco-based engineering firm Cegelec has launched a major energy infrastructure project in Guinea. A subsidiary of VINCI Energies, Cegelec was originally formed in 1989 as a French electrical engineering company and was acquired by VINCI in 2010. The firm has maintained a presence in Morocco since 1946 and operates specialized divisions across Casablanca, Rabat, Fez, Marrakech, Tangier, and Agadir, with operations spanning some 30 countries across energy, transport, and elect...
Meta to cut 10% of jobs, or 8,000 employees, report says
Meta is planning to cut 10% of its workforce, amounting to 8,000 employees, according to a report from Bloomberg. Meta also will not hire for 6,000 roles that are currently open. According to an internal memo sent to employees Thursday and viewed by Bloomberg, Meta told staff that the cuts will begin on May 20. Reuters had earlier reported on Meta’s plans for sweeping layoffs.
Before Iran War, China Amassed World's Largest Oil Stockpile
According to the US Energy Information Administration, China had nearly 1.4 billion barrels of oil put aside compared to 1.2 billion barrels among 32 members of the International Energy Agency (IEA). Of these, the US has 413 million barrels.
Oil Jumps as Iran Tensions Simmer With Hormuz Blocked
Oil jumped after a report from Iran said the country’s air defense had been activated against hostile targets, as tensions simmer with Israel and the US and the Strait of Hormuz remains blocked to vital global energy flows.
A Self-Imposed Energy Crisis Looms In California
BusinessEnergyA Self-Imposed Energy Crisis Looms In CaliforniaByDavid Blackmon,Senior Contributor.Forbes contributors publish independent expert analyses and insights. David Blackmon is a Texas-based public policy analyst/consultant.Follow AuthorApr 23, 2026, 01:47pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge am...
America’s 8 Biggest Banks Are Returning Record Capital To Shareholders
MoneyBanking & InsuranceAmerica’s 8 Biggest Banks Are Returning Record Capital To ShareholdersByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorApr 23, 2026, 01:41pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Big banks are paying out record dividends and share buybacks.gettyIn Q1 2026, the eight globally systemically important banks showered shareholders with $46.17 billion in dividends and buybacks — a...
Bangladesh’s $39B Garment Industry Faces Next Test: Moving Beyond Low Cost-Manufacturing
InnovationSustainabilityBangladesh’s $39B Garment Industry Faces Next Test: Moving Beyond Low Cost-ManufacturingByBrooke Roberts-Islam,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Brooke Roberts-Islam is a London-based writer covering sustainability.Follow AuthorApr 23, 2026, 01:33pm EDTApr 23, 2026, 01:36pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Harnest Oceansafe biodeg...
Russia shoots to be second-largest exporter of arms globally despite sanctions — Rostec
Rostec CEO Sergey Chemezov stressed that MGIMO’s experience and research could help the state corporation develop export relations with countries of the CSTO, BRICS and SCO, as well as with partners in Asia, Africa and Latin America
Tough nut to crack: US as India seeks edge over rivals in trade deal talks
Tough nut to crack US as India seeks edge over rivals in trade deal talks
Microsoft announces first voluntary buyout in its 51-year history for over 8,000 US employees
Microsoft is initiating its first-ever voluntary employee buyout program, offering retirement to approximately 7% of its U.S. workforce. This move, announced via memo, targets employees whose age and years of service total 70 or more, excluding some senior roles. The company is also adjusting stock reward distribution and simplifying manager review processes.