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Microsoft offers historic buyout to employees, Intel stock jumps 20% after hours, Nike CEO buys $1M in stock amid 1400 job cuts, US Solider arrested for insider trading, KPMG announces job cuts, Meta announces job cuts, Idaho mining company raises $11M, US to bail out Spirit Airlines.
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PNW Market Look
As of market close 4.23.26
Headline Roundup
WA’s bond rating is at risk and lawmakers have only themselves to blame (ST)
Intel stock soars on Q1 earnings beat, strong outlook (Yahoo)
$13M missing: Seattle leaders consider next steps after shocking homelessness audit (KOMO)
Washington state to close multiple campgrounds, slash recreation services amid budget cuts (KOMO)
Amazon’s Oregon buildout shifts to smaller warehouses and, sometimes, bigger fights (ORL)
Microsoft Offers Buyouts to About 7% of US Workers (BBG)
Nike cuts 1,400 roles in second round of layoffs this year (CNBC)
Oregon DEQ fines Pacific Seafood $3.2 million for water pollution violations (OPB)
Marijuana reclassified but remains illegal in Idaho — for now (IDP)
Idaho mashed potato company to close plant, lay off over 60 workers (IDS)
Lululemon stock dips after company names former Nike executive as new CEO (ORL)
Silver Dollar SeaTac Casino to close, lay off 65 staff (ST)
OHSU President Elnahal outlines strategic priorities after $100M loss last year (ORL)
(WA) County council weighing $225M budget cap for new jail, behavioral health center (CD)
US special forces soldier arrested after allegedly winning $400,000 on Maduro raid: Report (Ground)
Auditor’s Office claws back $37.3M in wrongful billing targeting Montana’s Native communities (DM)
INW companies raise $11M in funding since January (SJ)
All Central Oregon counties now under state drought emergency (COD)
Alaska Air trims service on some Seattle routes as fuel costs soar (PBJ)
Canadian furniture dealer picks Bellevue for US debut (PBJ)
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Community Highlight
Gresham farming nonprofit forced to pause mission after thief steals nearly $30K in vital farm equipment (KGW)
“Arthur came to get the tractor set up because we needed to mow the grass and start to do some tilling here to get ready for our food forest workshop that's happening this Saturday — and the tractor, the forks, the tiller, and our discer was just missing," said Johnson.”
Rip’s Spotlight
Why Fairfield, Montana, is running out of water (MTFP)
“The current water shortage — brought about by a combination of failing, decades-old infrastructure and a worsening regional drought — has strained the water supply of residents and the irrigation systems of local farmers. The town council has invested in infrastructure and imposed restrictions on water use, but it’s unclear if those steps will be enough to maintain Fairfield’s water supply.
In the summer, the town’s demand will climb to 650 gallons per minute for 16 hours a day. But right now, the town can only pump about 450 gallons per minute for about seven hours a day. When the next two wells go dry, which Dale worries could happen at any time, the town will be down to about 250 gallons per minute. “
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