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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.
Morocco Records 92,000 New Businesses in 2025 as Reforms Drive Growth
Agadir – Morocco created more than 92,000 businesses in 2025, setting a new national record, Head of Government Aziz Akhannouch announced during a plenary session at the House of Councillors focused on evaluating government performance. Akhannouch attributed this surge to a series of reforms aimed at improving the business market and easing administrative procedures for investors to attract innovative national and international businesses. The government has reduced the number of document...
OCP Africa Showcases Sustainability Mission with Launch of Farmer-Focused Center in Togo
Rabat – Morocco’s OCP Arica teamed up with Togo’s Ministry of Agriculture to officially launch the Regional Agricultural Mechanization Center (CRMA) of Kpalime on Thursday. This inauguration marks the completion of a milestone project led in collaboration with the World Bank, OCP Africa indicated in a statement. The goal of the project is to support the long-term transformation of Togo’s agricultural sector, it added. The center will offer proximity agronomic support and a model farm and...
White House Reviewing SEC Bid to Ease Share-Offering Disclosures
The White House is reviewing new US Securities and Exchange Commission rules that would make it easier for companies to go public or raise capital by easing disclosures for new offerings and speeding up the registration process.
Can debt relief trigger more aggressive collection attempts?
MoneyWatch: Managing Your Money Can debt relief trigger more aggressive collection attempts? 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 Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes a...
Blackstone's Jon Gray says AI is Single Biggest Driver | Open Interest 4/23/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Crude surges as tensions escalate in the Strait of Hormuz, rattling global markets. Blackstone’s Jon Gray doubles down, calling for the firm’s “best year ever” as IPO momentum builds. Plus, a wave of earnings—Tesla ramps AI spending to $25 billion, American Airlines braces for soaring fuel costs, and American Express sees travel demand cool. ServiceNow’s Bill McDermott says growth is still...
Japan Expert Sees Risk to the Yen
Former BOJ Board member Sayuri Shirai and BlackRock Japan Managing Director and Portfolio Manager Rie Shigekawa speak with Bloomberg reporter Lisa Du at the Bloomberg New Voices 2026 event in Tokyo. (Source: Bloomberg)
Trump’s Emergency Oil Sails to Europe as War Upends Energy Flows
A massive release of oil from US emergency reserves that has started flowing to American refiners is also supplying fuelmakers in Europe, and potentially in Asia, as the Iran war upends global energy markets.
Japan’s Katayama on Constant Close Contact With US on FX
Japanese Finance Minister Satsuki Katayama says that she is in close communication with the US on FX. Katayama spoke exclusively with Shery Ahn at the Bloomberg New Voices 2026 event in Tokyo. (Source: Bloomberg)
Lockheed Martin CEO sees Trump’s Pentagon as ‘golden opportunity’ for growth
Jim Taiclet spoke in earnings call as company expands contracts with the US government amid the Iran warLockheed Martin’s CEO has called the Trump administration a “golden opportunity” for the company as it expands its contracting work for the federal government amid the conflict in the Middle East.In an earnings call on Thursday covering the first quarter of 2026, Lockheed Martin CEO Jim Taiclet told investors that the company is well positioned “based on more available resources for us”. Conti...
Microsoft offers buyout for up to 7% of U.S. employees
Microsoft is offering voluntary retirement buyouts for the first time in its 51-year history, per reports from CNBC and Bloomberg. According to an internal memo, employees will be eligible if their years of work at Microsoft plus their age totals 70 or more, with some exceptions. So if someone who is 52 years old has 18 years of service at Microsoft, they could qualify for the buyout.
American adults are back to pregaming as $20 drinks become normalized across bars and venues
NewsWorldAmericasAmerican adults are back to pregaming as $20 drinks become normalized across bars and venuesOverpriced drinks have plagued concert venues, baseball stadiums and Broadway theaters Isabel Keane in New York Thursday 23 April 2026 17:38 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"sho...