Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix

Yahoo Finance Video
Netflix Q3 earnings preview: What are analysts expecting?
Netflix (NFLX) will report its third quarter earnings on Thursday, October 17. What is on top of investors' minds ahead of the streaming giant's results? Yahoo Finance senior entertainment reporter Alexandra Canal sits down with Seana Smith and Brad Smith to talk more about analysts' expectations for adjusted earnings and revenue growth. Earlier this week, Annandale Capital founder and chairman George Seay called Netflix the "800-pound gorilla" in the streaming landscape, underlining its dominance in the space and superior pricing power. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
The Guardian
More EU leaders expected to back calls for offshore asylum centres
Migration to dominate summit as four people including two toddlers die after falling from crowded speedboat off Kos
The Guardian
Israel kills mayor of southern Lebanon city in strike on municipal building
Mayor among 16 people killed when airstrike hit Nabatieh crisis meeting where officials were coordinating aid deliveries
WYFF - Greenville Videos
Spartanburg County businesses severely damaged in overnight fire, chief says
Several Spartanburg County businesses were severely damaged in an overnight fire, according to the Spartanburg Fire Department.
Associated Press Videos
Heavy monsoons trigger severe flooding in parts of southern India
Schools, colleges and government offices were shut on Wednesday in parts of southern India as heavy monsoon rains triggered severe flooding. The worst-hit cities included Chennai and Bengaluru, India’s industrial and information technology hubs. (AP video shot by: Mahesh Kumar)
WYFF - Greenville Videos
Woman missing in Pickens County after going on hike with dogs, family says
A 67-year-old woman is missing after her family says she went hiking Tuesday in Pickens County, South Carolina.
WKBW - Buffalo Scripps
'A step in the right direction': Amherst Town Board proposes tax decrease in 2025 budget
On Tuesday in the first of the three public hearings on the 2025 budget, the Town Board of Amherst announced a proposed 1.32 percent tax decrease for residents.
Yahoo Finance Video
Morgan Stanley is a 'standout' among banks in Q3: Strategist
Morgan Stanley (MS) became the latest major bank to report third quarter earnings, joining its peers in exceeding Wall Street expectations earlier this week. The financial giant posted impressive results, with net profits surging 32% compared to the same period last year. Bloomberg Intelligence director of research Alison Williams analyzes the bank's performance on Morning Brief. Williams highlights that Morgan Stanley "executed in a very strong environment," noting a significant rebound in wealth management flows. After a relatively weak second quarter, these flows reached $64 billion in Q3, which she says "really exemplifies the health of the business." A particular bright spot for the bank was its equity trading division. While all global investment banks showed strength in this area during the quarter, Williams emphasized that Morgan Stanley was "the standout." She also discusses the bank's significant transformation under former CEO James Gorman's leadership: "Of all the banks, Morgan Stanley has been the one that had the biggest change in its model over the last decade or so, and that was really through a series of acquisitions under Gorman. Gorman did set out a series of very aggressive targets for the business that Ted Pick is now taking over and having to deliver on, but certainly in this quarter he is delivering it." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
WLWT - Cincinnati
Another frost threat overnight
Expect another chilly November like day for your Wednesday with temperatures dropping into the 30s overnight
Yahoo Finance Video
Paramount offers 3 co-CEOs new severance options if demoted
Paramount Global (PARA, PARAA) assures co-CEOs Chris McCarthy, George Cheeks, and Brian Robbins will receive their cash bonuses whether or not they stay on in leadership roles upon the completion of the media giant's merger with Skydance Media in 2025. Yahoo Finance senior entertainment reporter Alexandra Canal details the three co-CEOs' severance package options, according to a recent SEC filing. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
The Independent
Trump joins town hall with only women in audience; Harris campaigns in Pennsylvania: Election live updates
Donald Trump’s pre-recorded town hall with group of supporters aired on Fox News hours before unedited interview with Kamala Harris to be shown
WCVB - Boston
Patriots player Christian Barmore accuses police of 'racism', officers call him 'belligerent'
Police say he was "belligerent" during a routine traffic stop for driving a vehicle with expired registration.
WYFF - Greenville Videos
Man accused of threatening harm against FEMA employees in North Carolina appears in court
A North Carolina man accused of threatening harm against FEMA employees responding to Hurricane Helene appeared in court Wednesday.
KCRA - Sacramento Videos
California minimum wage: Health care workers' new pay boost takes effect
Hundreds of thousands of health care workers in California are finally getting a pay raise that will gradually increase their minimum wage to $25. The new pay boost, which starts Wednesday, was supposed to go into effect in June but was delayed over state budget issues.
KOCO - Oklahoma City Videos
National iPhone porch pirate ring present in Oklahoma, police say
National iPhone porch pirate ring present in Oklahoma, police say
Reuters Videos
Italy transfers first migrants to Albania under new deal
STORY: The first migrants to be diverted by Italy to Albania arrived at the port of Shengjin on Wednesday (October 16). It set in motion the first scheme by an EU state to transfer asylum seekers to another nation. Under the controversial deal, Italy built two reception centers in Albania, with the government hoping the process will deter migrants from entering Italy in the first place.Sixteen migrants, comprising ten Bangladeshis and six Egyptians, were escorted from the Italian navy ship Libra to one of the port’s reception centers. Rights groups oppose the deal, saying it restricts migrants' right to asylum.Marta Welander is from the International Rescue Committee. “There is a number of groups who should be exempted from this deal. So the elderly, unaccompanied children and those who have survived torture and trafficking and so forth. But we are concerned that there are no guarantees for ensuring that they are indeed exempted from this and they could instead end up in prison-like conditions outside of EU territory.”Rising tension in Europe over migration issues has seen many nations, including Germany and Poland, propose or adopt tougher policies. The UK's previous government had planned to deport asylum seekers to Rwanda - which Prime Minister Keir Starmer scrapped after taking office in July. Italian Prime Minister Giorgia Meloni said this week that her country was setting an example for the rest of Europe with the Albanian scheme.But a small group of Albanian human rights protesters demonstrated against the new scheme, saying it ends their belief that Europe is a place “of democracy, of values, of human rights.”The migrants will be sent either to Italy if their asylum request is granted, or to their home country if rejected.
The Independent
Keir Starmer considering sanctions against Israeli cabinet members
Prime minister also said he agrees with the position taken by the White House when it warned that more humanitarian aid must flow into Gaza
WMAR- Baltimore Scripps
Top News Headlines for Wednesday, October 16
Safe Space for Jewish Vets, Md. Piedmont Project Hits Snag
Storyful
Couples Compete in Hilarious Wife-Carrying Competition
Adventurous couples went through a real bonding experience as they participated in the North American Wife-Carrying competition in Newry, Maine, on October 12, footage filmed by a spectator shows.Christine Cauthers was on holiday in Maine when she stumbled upon the quirky race, which was held at the Sunday River resort in Newry.Footage filmed by Cauthers shows couples, some of them in costumes, contending with a mud pit and other obstacles, with men carrying their significant others on their backs.The organizers of the event said that the championship “challenges couples to conquer a 278-yard obstacle course […] all for the chance to win the wife’s weight in beer and five times her weight in cash.”The winning duo was Caleb Roesler and his diminutive spouse Justine. The pair – defending champions for several years running – took home seven cases of beer and $510. Credit: Christine Cauthers via Storyful
WCVB - Boston
Weymouth students learn about Bionic Project
Students at Weymouth'sNash School got a visit from Cambridge's Bionic Project on Friday. The Bionic Project works to end disability bias by discussing it and playing sports. After speaking to the students -- athletes with the group brought out the soccer ball and played around with the children.

S&P/TSX

S&P 500

DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

XRP CAD

GOLD FUTURES

RUSSELL 2000

10-Yr Bond

NASDAQ

VOLATILITY

FTSE

NIKKEI 225

CAD/EUR

STOCKS ADVANCE WITH MORE EARNINGS ON TAP

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix

Latest Stories

Netflix Q3 earnings preview: What are analysts expecting?

More EU leaders expected to back calls for offshore asylum centres

Israel kills mayor of southern Lebanon city in strike on municipal building

Spartanburg County businesses severely damaged in overnight fire, chief says

Heavy monsoons trigger severe flooding in parts of southern India

Woman missing in Pickens County after going on hike with dogs, family says

'A step in the right direction': Amherst Town Board proposes tax decrease in 2025 budget

Morgan Stanley is a 'standout' among banks in Q3: Strategist

Another frost threat overnight

Paramount offers 3 co-CEOs new severance options if demoted

Trump joins town hall with only women in audience; Harris campaigns in Pennsylvania: Election live updates

Patriots player Christian Barmore accuses police of 'racism', officers call him 'belligerent'

Man accused of threatening harm against FEMA employees in North Carolina appears in court

California minimum wage: Health care workers' new pay boost takes effect

National iPhone porch pirate ring present in Oklahoma, police say

Italy transfers first migrants to Albania under new deal

Keir Starmer considering sanctions against Israeli cabinet members

Top News Headlines for Wednesday, October 16

Couples Compete in Hilarious Wife-Carrying Competition

Weymouth students learn about Bionic Project