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Netflix is cutting about 1,000 jobs — roughly 6% of its global workforce — in its biggest layoff round since 2022, and p...
10/17/2026

Netflix is cutting about 1,000 jobs — roughly 6% of its global workforce — in its biggest layoff round since 2022, and parting ways with chief content officer Bela Bajaria in the same week.

The cuts, announced to employees Wednesday in an email from co-CEOs Greg Peters and Ted Sarandos, fall mostly on product, technology, legal and HR teams. Bajaria, who spent a decade at the company overseeing a content budget of around $20 billion behind hits like Squid Game and Wednesday, will be succeeded by Peter Rice, the former 21st Century Fox and Disney executive.

The shake-up comes as viewer engagement slows, the stock sits about 40% lower than a year ago, and the company lost this year's Warner Bros. Discovery bidding war. Leadership frames the moves as prioritizing high-impact areas, with third-quarter earnings due Oct 20.

Source: Wall Street Journal

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President Trump's approval rating has fallen to 36% in new Fox News polling — the lowest mark of either of his terms in ...
10/17/2026

President Trump's approval rating has fallen to 36% in new Fox News polling — the lowest mark of either of his terms in the network's surveys — with 64% of registered voters disapproving of his job performance.

The economy is driving the slide: just 22% approve of his handling of inflation, with 77% disapproving — seven points worse than Joe Biden's inflation rating ahead of the 2022 midterms. Seventy percent disapprove of his handling of the economy overall, 69% on tariffs and 64% on foreign policy. Even among Republicans, approval has fallen to 76%, down 16 points since March 2025.

The generic congressional ballot now shows Democrats ahead by nine points, their largest advantage of the year, powered by a 26-point lead among independents. Seven in 10 Americans say their November vote is meant to send Trump a message — and among them, 47% say that message is opposition. The poll of 1,202 registered voters was conducted Oct 9-12.

Source: USA Today

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Wholesale inflation just hit its highest level in more than four years. The Producer Price Index rose 1.3% in September ...
10/17/2026

Wholesale inflation just hit its highest level in more than four years. The Producer Price Index rose 1.3% in September from August — the fastest monthly gain since March 2022 — and is up 6.3% from a year ago, the highest annual rate since December 2022, according to Bureau of Labor Statistics data released Thursday.

Energy did most of the damage: it accounted for 80% of a 2.9% leap in goods prices, the largest one-month increase in BLS records going back to 2009, with gasoline alone surging 20.3%. Even stripping out food and energy, core wholesale prices rose 0.7% on the month, lifting the annual core rate to 5% — a sign price pressure is spreading.

It is the second hot inflation report in two days, landing weeks before the November 3 midterms with affordability a top voter concern. Retail sales, reported the same day, slowed to 0.8% in September — and just 0.2% excluding gas stations — suggesting consumers are already cutting back elsewhere as fuel eats their budgets.

Source: CNN

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OpenAI agreed Wednesday not to use trade secrets that Apple claims were stolen by employees who defected from the iPhone...
10/17/2026

OpenAI agreed Wednesday not to use trade secrets that Apple claims were stolen by employees who defected from the iPhone maker, a major concession in the high-stakes legal fight between the two companies. The agreement came at a hearing in San Jose federal court where Judge Edward Davila said he was highly likely to side with Apple and issue an injunction.

Under the agreement, OpenAI must also collect forensic images of the devices of 14 employees who may hold Apple's confidential information, and the judge will have the power to enforce it. Apple sued OpenAI in July, accusing it of scheming to steal intellectual property related to upcoming products to bolster competing devices. OpenAI denies the allegations.

Hours before the hearing, OpenAI fired back with its own allegations, claiming a former employee who returned to Apple moved more than 100 confidential files about an unreleased OpenAI device to personal accounts. The judge did not give Apple everything it wanted, calling a proposed forensic inspection of every device and repository a "huge ask."

Source: Bloomberg
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President Donald Trump signed an executive order on Friday putting on hold a sweeping new sanctions package targeting th...
10/17/2026

President Donald Trump signed an executive order on Friday putting on hold a sweeping new sanctions package targeting the Russian economy, telling Congress in a formal notice that the waiver was in the national interest. The stunning move reverses course on legislation he personally signed just last month.

The bill, named after the late South Carolina Senator Lindsey Graham, was designed to cut off the flow of financial resources fueling Russia's war against Ukraine more quickly, and it passed both chambers of Congress with large bipartisan majorities after Graham's death in July. The White House posted the decision late in the evening and noted that its explanation report had been submitted to Congress — but did not immediately say how pausing the sanctions serves the national interest.

The reversal comes a week after Trump announced that the United States had agreed to purchase diesel from Russia to try to bring down global energy prices, a deal that would send more than 300,000 tons immediately and millions of tons more in the months that follow. The diesel agreement has been pilloried by Republicans and Democrats alike, who say it helps Russia fund its war in Ukraine, while Trump has increasingly lashed out at Ukrainian President Volodymyr Zelenskyy over stalled peace efforts.

Source: Associated Press

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The teen behind Thursday's deadly shooting at Silver Rail Elementary School in Bend, Oregon, has been identified as Grif...
10/17/2026

The teen behind Thursday's deadly shooting at Silver Rail Elementary School in Bend, Oregon, has been identified as Griffin J. John, a 16-year-old former student of the school, according to law enforcement sources. Officials confirmed John was from Bend and had previously attended Silver Rail.

John was armed with his mother's pump-action sh***un and at least 59 rounds of am******on when he forced his way into the school, killing three students — ages 5, 8 and 11 — and 25-year-old teacher Megan Lambert, a beloved volleyball coach. A 7-year-old student and a 54-year-old teacher were critically wounded. The youngest victim, 5-year-old Rhoam Summer, had just started kindergarten last month.

A bystander — a father of two little girls at the school — shot John dead as police arrived at the scene, ending the rampage. John's parents are cooperating with investigators, who executed a search warrant on the family home. Bend Police Chief Mike Krantz said Friday the motive remains unclear.

Source: New York Post

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10/17/2026

Former Congressman Matt Gaetz is facing a new federal lawsuit. Two women filed a 38-page complaint Thursday in federal court in Florida, accusing the former congressman of participating in a s*x trafficking scheme between 2017 and 2019. The women, identified only as Jane Doe 1 and Jane Doe 2, allege the men coerced them into the scheme and supplied them with drugs, money, and luxury trips to Miami, Las Vegas, the Bahamas, and New York City.

The lawsuit also names former Seminole County tax collector Joel Greenberg, who pleaded guilty in 2021 to federal s*x trafficking charges, and former Florida state representative Christopher Dorworth. Greenberg and Dorworth did not respond to requests for comment before publication.

Gaetz denies everything. He said he looks forward to questioning the women under oath and called much of the conduct alleged against him false. He was never criminally charged, and he withdrew from consideration as attorney general in 2024 after the scandal erupted.

Source: USA Today

A federal judge ruled Tuesday that President Trump's ban on CNN, MS NOW, and Politico journalists from the White House l...
10/17/2026

A federal judge ruled Tuesday that President Trump's ban on CNN, MS NOW, and Politico journalists from the White House likely violated the First Amendment. U.S. District Judge Timothy Kelly issued a preliminary injunction protecting the outlets' access to the White House while their lawsuit plays out.

Kelly wrote that Trump's own comments explaining the ban showed a likely causal link between the outlets' protected speech and the revocation of their press passes, and that Trump likely banned them because he believes their reporting is biased against him. The judge rejected the Justice Department's claim that national security concerns motivated the decision, writing there was no evidence of that in the record.

CNN chairman and editor-in-chief Mark Thompson called the ruling a vote of confidence in free speech and the public's right to see their leader held to account by the press. The Justice Department filed a notice of appeal on Wednesday, and Thompson cautioned the fight is far from over, saying the outlets will fight it to the end.

Source: CNN
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Trump fires White House press secretary Katie Zacharia after just five days on the job.White House press secretary Katie...
10/16/2026

Trump fires White House press secretary Katie Zacharia after just five days on the job.

White House press secretary Katie Zacharia is out after just five days, the shortest tenure in the role's history. President Trump told reporters Friday morning he had asked Zacharia to reconsider the job, saying, 'Honestly, if I were you, I'd reconsider,' all but declaring her brief stint over.

Zacharia, a former conservative commentator hired on October 9, stumbled through a turbulent first week. Her debut briefing on Tuesday lasted about fourteen minutes with only three questions taken, and she faced mounting questions after acknowledging she had failed the California bar exam despite being introduced as an attorney.

A White House official told Fox News she is 'transitioning out,' while CNN reported advisers say Trump fired her, breaking Anthony Scaramucci's ten-day record for the shortest White House spokesperson stint. Trump said Zacharia had been treated unfairly by the media but conceded, 'Maybe it's not for her.'

Source: CNN

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Coast Guard pulls sixteen people from Pacific waters as frantic search continues off Baja tonight.The United States Coas...
10/16/2026

Coast Guard pulls sixteen people from Pacific waters as frantic search continues off Baja tonight.

The United States Coast Guard has rescued sixteen of twenty seven people from the Pacific Ocean about one hundred forty miles west of Ensenada, Mexico, after a distress call came in around one o'clock Friday morning for a vessel taking on water. Officials arriving at the scene found boat debris with people in the water, and the search remains active with air and surface crews looking for those still unaccounted for.

The Coast Guard said the vessel may have been involved in a maritime smuggling operation, though officials told the New York Post they could not confirm it. A San Diego city spokesperson told NBC San Diego that a human smuggling boat was at the scene. Two of the sixteen rescued are Mexican nationals, and everyone pulled from the water has been taken to hospitals.

Hospitals in San Diego have been placed on alert, and ambulances are staged at the Coast Guard station in the Embarcadero as the rescue effort continues. 'This case highlights the extreme dangers of taking to the sea,' said Captain Robert Tucker, commander of Coast Guard Sector San Diego, warning that offshore conditions are unforgiving and can quickly result in death.

Source: New York Post

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