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PepsiCo Cuts 2026 Profit Forecast as North America Volumes Fall Again, Promises More Cost Cuts

PepsiCo beat third-quarter estimates on international strength but cut its full-year core earnings outlook because North America is recovering more slowly than planned. CFO Steve Schmitt said North American margins will stay under pressure in the fourth quarter, and more cost cuts are coming. The 100-basis-point margin target set after Elliott's push is now the number to watch.

Flu Season Is Starting Early in the West, and Doctors Say Get the Shot Now

Flu activity began climbing in Western states in early September, weeks ahead of the usual schedule and in the opposite region from where it normally starts. National activity is still low, and doctors say the early start does not by itself mean a severe season. Several infectious-disease specialists are urging vaccination now, since the shot takes about two weeks to reach full effect.

CBS Obtains Video of Iranian Strikes on Camp Buehring in Kuwait, Reports Troops Ran Low on .50-Cal Ammo

Newly obtained video authenticated by CBS News shows Iranian missiles, drones and aircraft hitting Camp Buehring in Kuwait early in the war. Service members told CBS that the 100-plus soldiers left behind ran short of .50-caliber ammunition and eventually left the base at night. CENTCOM declined to comment, and the Pentagon has not addressed the ammunition claim.

Premier League Clubs Tell BBC Sport They Fear Political Interference in Man City Appeal After Burnham Comments

Senior club figures told BBC Sport they were astonished when Prime Minister Andy Burnham said he would be "really concerned" if City's owners sold up after the guilty verdict, and now worry about political interference in the appeal. Downing Street says Burnham's position is that no one is "above the rules." A sanctions hearing and City's appeal are both still ahead, and the club denies any wrongdoing.

WHO/Europe survey: more than two-thirds of young adults report childhood adversity, 1 in 5 report four or more

A WHO/Europe survey of more than 26,000 adults aged 18 to 30 found over two-thirds reported at least one adverse childhood experience. Those with four or more were far more likely to report poor mental health, violence and weaker economic outcomes. The data are self-reported and show association, not proven cause, but the finding that the heaviest-hit group is also the least likely to get help is the number that matters for policy.

Cornell Hires Sally Yates to Review Rape Case Response as Students Stage Sit-In and Spending Blackout

Since Gov. Kathy Hochul appointed Attorney General Letitia James special prosecutor in the Cornell fraternity case, the university has hired former Deputy Attorney General Sally Yates to review its response, and students staged a seven-hour sit-in and spending blackout. No criminal charges have been filed, and the faculty senate has indicated it plans a no-confidence vote on administrators.

Royal Navy Able Seaman Teddy Young, 24, charged under National Security Act over alleged help for foreign power

A serving Royal Navy sailor, Teddy Young, 24, has been charged with two National Security Act offences tied to an unnamed foreign power, police say. He was first arrested in May 2025 and charged only after a second arrest this week. He is due at Westminster Magistrates' Court on Thursday, and police say the case has nothing to do with the RAF Fairford incident.

Isaias Becomes Atlantic's First Hurricane of 2026 With 80 mph Winds, Gulf Coast Landfall Expected Friday Night

Isaias strengthened into the first Atlantic hurricane of 2026 late Wednesday and had 80 mph winds at the National Hurricane Center's 4 a.m. CDT advisory. Landfall is forecast between Mississippi and the western Florida Panhandle late Friday or early Saturday, with mandatory evacuations in Okaloosa County, Florida, starting at noon today. How strong it is at landfall is still unsettled, with forecasters ranging from a strong Category 2 to a possible Category 3.

Israel Says British Consulate in East Jerusalem Is Closed, UK Renames It a 'Mission' With Seven Diplomats

Israel says 20 British diplomats, including the consul general, are leaving as the East Jerusalem consulate closes. London says the building stays open as the "UK Mission, Jerusalem" and that the departures are temporary. Both sides are claiming the outcome while Israel's October 27 election and the sanctions dispute remain unresolved.

DHS proposes $70,000 fee on schools for each international student's post-graduation work authorization

The Department of Homeland Security proposed on Wednesday that colleges pay $70,000 before recommending an F-1 student for Optional Practical Training, plus $30,000 for each extension. DHS says the aim is to curb fraud and protect American workers; higher-ed groups and economists warn it will gut a program that about 294,000 students used last year. The rule faces a public comment period and, given how the administration's last student-visa rules fared in court, likely lawsuits.

NatWest Reportedly Pulling Back From US and European Government Bond Dealing, Bloomberg Says

Bloomberg reports, citing people with knowledge of the matter, that NatWest is exiting its role as a primary dealer in US and European government bonds. The bank has not confirmed it, and it landed in a week when Treasury and gilt yields hit multi-decade highs. The open questions are the scope of the exit and which dealers take over its auction seats.

Judge Dismisses Riley Gaines Lawsuit Against NCAA, Rules Title IX Claims Fail Because NCAA Gets No Direct Federal Funds

U.S. District Judge Tiffany Johnson dismissed Gaines v. NCAA on Sept. 28, finding no evidence the NCAA receives federal funds, a prerequisite for Title IX liability. Gaines and ICONS say they will appeal, and the fight now turns on whether a body made up of federally funded schools can be sued directly under Title IX.

Financial-Sector Insider Buying Falls to Lowest Level in VerityData Records, Days Before Big Bank Earnings

Only 298 financial-sector insiders bought their own company's stock in the third quarter, the fewest since VerityData's records began in 2004. JPMorgan and Goldman Sachs report Oct. 13 and Morgan Stanley on Oct. 14. Analysts disagree on whether thin insider buying predicts anything for banks.

Ukrainian Authorities Say Russian Strike on Two Buses in Kramatorsk Killed at Least 30; Pryluky Toll Reaches 22

Since Wednesday's Russian barrage on Putin's 74th birthday, the Pryluky death toll has climbed to 22, and Ukrainian authorities say a Thursday morning strike on two buses in Kramatorsk killed at least 30 more. Kyiv was hit again overnight, and Zelensky is warning the daily missile and drone attacks will intensify as winter approaches.

IMF Puts Tokenized Repo Volume at $300 Billion to $350 Billion a Day, Warns Market Is Small and Fragmented

The IMF's October 2026 Global Financial Stability Report, released October 8, says tokenized repurchase agreements average $300 billion to $350 billion a day. That is roughly 2% to 3% of the $13 trillion daily U.S. repo market. The Fund sees real efficiency gains but warns that scaling up without legal and regulatory fixes could amplify fire sales, liquidity runs and contagion.

OpenAI Rolls Out GPT-6 in ChatGPT With Interactive 'Intelligent UI'; Free Tier Follows This Week

OpenAI began rolling GPT-6 out to paying ChatGPT users on October 7, and Free and Go accounts are due to get a lighter version this week. The headline feature is Intelligent UI, which turns answers into charts, forms and tappable tools. The speed and safety claims come from OpenAI's own testing, and the open question is whether heavier visual answers change usage limits.

FTC Sends Price Warning Letters to 24 Large Healthcare Companies as CMS Finalizes Tougher Transparency Rule

FTC Chairman Andrew Ferguson told 24 of the nation's largest healthcare companies on Oct. 5 that incomplete or misleading prices can break federal consumer protection law, even if they meet CMS posting rules. The same day, HHS finalized a rule requiring actual dollar figures and named officials who vouch for the data. No enforcement case has been filed, and most hospitals still are not fully compliant with rules that have been on the books since 2021.

BBC and NPR Investigation: US and Lebanese Authorities Shield Sanctioned Syrian Chemical Weapons Chief, Sources Say

A joint BBC and NPR investigation, citing four anonymous sources and a record of a meeting it reviewed, says Bassam al-Hassan lives in Beirut under a US-Lebanese arrangement tied to information on missing journalist Austin Tice. Hassan is under US Treasury sanctions, and Syria's new government officials say they want him returned for trial. The FBI declined to comment, and the Tice family calls the arrangement offensive if true.

Texas Executes Jamaal Howard With Same Drug Used in Pike's Failed Execution as Her Lawyers Report Pneumonia and Blood Clot

A week after Tennessee's failed lethal injection of Christa Pike, Texas executed Jamaal Howard with the same drug, pentobarbital, after the Supreme Court declined to step in. Pike's lawyers say she has pneumonia, a blood clot and cannot use her arms, and a Tennessee judge has ordered the state to preserve every piece of evidence from the execution chamber. Governor Bill Lee's probe into why the procedure failed has not reported findings.

Trump-Xi AI Summit Produced a Hotline and a Dialogue; Washington Says It Won't Slow Down

Since the White House summit, the only concrete U.S.-China AI outcomes are an incident channel and a promised dialogue on risks, with no definition of what counts as an incident. Treasury Secretary Scott Bessent says the U.S. "can't pause," while Amazon is pledging more than $1 billion to data center communities as local opposition grows. The next test is whether the channel works when something actually goes wrong.