remain

PennyMac outlines $160M annualized expense cuts as it expects Q4 2026 adjusted ROE to remain near current levels (NYSE:PFSI)

Earnings Call Insights: PennyMac Financial Services (PFSI) Q3 2026

Management View

  • “PennyMac Financial generated $29 million of net income or $0.54 in diluted earnings per share, representing a 3% annualized return on equity.” (CEO & Chairman David Spector) “Adjusted net income was $56 million or $1.05 per share for a

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Bruno Fernandes to remain Man Utd captain, says Michael Carrick

United have gone eight games without a win as they head to Chelsea – their worst run of results since 2015-16.

Not since the 1988-89 campaign have they had a sequence of nine matches without a win.

Nearly 40 hours passed between United losing against Bournemouth on Sunday and the club providing clarification on Carrick’s future, with the Englishman being given a chance to turn things around at Old Trafford.

Talks involving the Glazer family, minority owner Sir Jim Ratcliffe, chief executive Omar Berrada and director of football Jason Wilcox took place before Carrick’s immediate future was confirmed.

It seems likely he will remain in post for next Tuesday’s Champions League match against Roma, and the Premier League encounter with Aston Villa at Old Trafford on 8 November, after which there is a two-week international break.

Carrick, though, says he does not need guarantees over his position.

“I don’t need any assurances from anyone,” he said.

“I totally get the position. I understand the job. I understand the responsibilities. I understand what comes with that. So, I really don’t need any assurances from anyone in that regard.”

Asked if he was surprised to still be in a job, Carrick said: “No. I’m here to do my job. I’m here to do the best for the team, and I’m desperate to make us better and improve things. So, I’m not surprised, no.”

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Tax thresholds remain unchanged – here’s what it means for your pay

They hit you hardest if your income is close to one of the tax thresholds, but anyone who gets a pay rise is affected, as long as you earn enough to pay tax. Only people earning under £12,570 – the personal allowance threshold – pay no income tax.

By 2031 an extra 6.8 million people will be paying tax who wouldn’t have if the personal allowance had not been frozen, the OBR calculates.

The state pension is currently just below the personal allowance threshold, and pensioners looked set to be drawn into paying tax from next April, when the basic state pension rises to £13,036.

However, the chancellor is putting in place a new separate Pension Tax Allowance, which will ensure that low-income pensioners, with income up to the value of the full new state pension, will not pay income tax.

The personal allowance threshold is set for the whole UK, so people in Scotland will also be affected, although other tax bands there vary, external.

National Insurance Contributions (Nics) are levied according to the same thresholds.

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Jon Stewart will remain at ‘The Daily Show’ through 2028

Jon Stewart has signed a new deal that will keep the comedian at his weekly perch on Comedy Central’s “The Daily Show” through 2028.

Skydance Television, which owns Comedy Central, announced Monday that Stewart will remain as a once-a-week host and serve as executive producer in a deal that takes him through the 2028 presidential election.

“Jon Stewart is a generational talent and The Daily Show continues to be one of the most influential franchises on television and a cornerstone of Comedy Central,” George Cheeks, Co-Chair and Chief Content Officer, Skydance TV, said in a statement. “We are excited to continue our partnership with Jon and his award winning news team.”

Tuesdays through Thursdays will continue to be handled by “Daily Show” regulars Ronny Chieng, Josh Johnson, Jordan Klepper, Michael Kosta, and Desi Lydic.

Stewart is a signature talent for Comedy Central, which also the home of the long-running animated series “South Park.” The channel needed to retain its biggest names to keep the channel valuable to cable and satellite TV providers who pay to carry it.

Stewart first became “Daily Show” host in 1999, and tuned the satirical news program into an important voice in the national discourse. He stepped away in 2015 when he was among the highest-paid performers in the TV business.

Stewart had a production deal with HBO and hosted a series for Apple TV, “The Problem with Jon Stewart,” before rejoining “The Daily Show” in 2024 to host on Monday nights. He signed a second one-year deal in November that was set to expire at the end of this year.

While President Trump has attacked network late-night hosts who are critical of him, he has never gone after Stewart in any of his social media rants during his second term. Comedy Central is a cable network not subject to Federal Communications Commission authority, unlike Stewart’s late-night cohort Jimmy Kimmel, who appears on ABC. Both Trump and FCC Chairman Brendan Carr have threatened to pull Kimmel off the air.

Late-night TV is struggling overall as a genre due to younger viewers moving away from traditional TV to streaming, “The Daily Show” has continued to have a strong following. The program hit an eight-year high in viewing during the third quarter of 2026 according to Nielsen data. Comedy Central said the program has accrued 1.6 billion views across social media in 2026.

Skydance got out of the broadcast network late night business when it cancelled “The Late Show with Stephen Colbert.” The company said the program was losing $40 million a year. It replaced with “Comics Unleashed,” a non-topical comedy show from media mogul Byron Allen, who leases the late night hours from the network.

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Spain ‘red zones’ map as eight areas remain under lockdown

Eight areas in Spain remain under lockdown as Storm Adam continues to wreak havoc

Eight areas in Spain remain under lockdown after restrictions were lifted for some 137 municipalities earlier on Monday, October 19.

Large swathes of the country were ordered to stay indoors as Storm Adam wreaked catastrophic havoc across eastern Spain. Initially, the emergency lockdown covered 78 municipalities in Valencia province and 67 in Alicante. However, according to the Olive Press: “Restrictions have ended for 137 of 145 municipalities, but eight towns in La Safor and La Marina Alta remain under lockdown.

“Please be aware that the following areas are still confined: Bellreguard, Daimús, Oliva, Xàbia, Pego, Miramar, Piles, and Els Poblets. Stay safe and always check local guidelines before travelling through these areas.”

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Two fatalities have been confirmed, with a third potential victim of the storm discovered on Monday afternoon when Military Emergency Unit (UME) personnel uncovered the body of an elderly woman in her flood-ravaged home in Oliva, Valencia province. Authorities are yet to officially confirm whether the death was a direct result of drowning or natural causes.

According to the Majorca Daily Bulletin, rainfall totals surpassed 600 litres per square metre, rivers burst their banks and residents were left stranded on rooftops. Helicopters were deployed to rescue those trapped as torrential downpours swept through eastern Spain on Monday, triggering devastating floods that claimed at least two lives and prompted authorities to issue shelter-in-place orders for more than 800,000 residents.

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Kings remain winless with loss to Edmonton Oilers

Connor McDavid had a goal and two assists in the dynamic first period of his four-point night, propelling the Edmonton Oilers to a 4-1 victory over the winless Kings on Tuesday.

Vasily Podkolzin got his sixth and seventh goals of the season, Leon Draisaitl also scored and Devon Levi made 39 saves for the Oilers, who have won five straight and scored at least three goals in every game of their 5-0-1 start.

McDavid recorded at least three points in a period for the 33rd time in his 11-year career, doing it in the first period for the 10th time. The six-time Art Ross Trophy winner as the NHL’s top scorer has a whopping 16 points already this season with five multi-point games.

Brandt Clarke scored for the Kings, who dropped to 0-3-2 to begin coach Peter Laviolette’s first season despite outshooting the Oilers 40-16. The Kings are still adjusting to their new direction under Laviolette, who wants offensive aggression from a team that has played deliberate, defense-first hockey for nearly two decades.

The Kings and Philadelphia are the NHL’s only winless teams.

Evan Bouchard had two assists for the Oilers, who are off to their strong start despite playing without injured Zach Hyman and Ryan Nugent-Hopkins.

Edmonton opened the scoring when McDavid froze Cody Ceci and fed the puck low to the quick-wristed Draisaitl. One minute later, Podkolzin converted the rebound after McDavid blew past Mikey Anderson and blistered a shot off Darcy Kuemper.

After the Kings had pinned Edmonton in its own end for nearly two full shifts late in the first period, McDavid came off the bench, accepted Ty Emberson’s pass at the blue line in stride and scored his fourth goal.

Kuemper was replaced by Anton Forsberg to start the second.

Clarke scored late in the second period on a long shot through traffic. The goal was Clarke’s first since the Kings’ young defensive cornerstone signed a five-year, $37-million deal last June.

McDavid and Draisaitl assisted on Podkolzin’s empty-net goal.

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23 teams remain unbeaten in local high school football

Going into Week 8 of the high school football season, there are still 23 teams unbeaten in the Southern Section and City Section.

The three City teams are Cleveland, Granada Hills Kennedy and Marshall.

There are 20 in the Southern Section: Santa Margarita, Sierra Canyon, San Clemente, Corona del Mar, Sherman Oaks Notre Dame, San Jacinto, Huntington Beach, Orange, Charter Oak, Mary Star, Bonita, Desert Christian, Los Altos, Nordhoff, San Marino, Nogales, Viewpoint, Royal, St. Bernard and Rancho Alamitos.

There are tough league games ahead, starting on Friday with Santa Margarita at St. John Bosco and Bishop Amat at Sherman Oaks Notre Dame.

Sierra Canyon (7-0) remains the most likely to go 10-0, with Mission League games still remaining against Chaminade, Sherman Oaks Notre Dame and Bishop Amat.

This is a daily look at the positive happenings in high school sports. To submit any news, please email eric.sondheimer@latimes.com.

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Kings fall in overtime to Golden Knights to remain winless

Mitch Marner scored a power-play goal from the high slot at 2:41 of overtime to give Vegas a 2-1 victory over the Kings on Saturday on a night in which the Golden Knights paid tribute to their past.

Trevor Connelly scored the other goal for the Golden Knights. Connelly, Marner and Mark Stone each had two points, with Stone getting both of his on assists. Carter Hart made 26 saves.

Artemi Panarin scored for the Kings and Darcy Kuemper made 30 saves.

Vegas (5-1) is off to a quick start this season, and the Kings (0-2-2) are still searching for their first victory.

Each club swapped power-play goals in the second period, with the 20-year-old rookie Connelly scoring after Stone’s pinpoint cross-ice pass. Panarin answered with a shot from the high slot later in the period.

In overtime, the Golden Knights quickly took advantage of a tripping penalty on Kings center Scott Laughton. Marner skated from near the blue line toward the slot, scoring just seven seconds into the penalty.

The Golden Knights, in their 10th season, paid tribute throughout the game to their inaugural “Misfits” team that reached the Stanley Cup Final. Gerard Gallant, who coached that team, was in attendance along with several players from that squad. Fan-favorite Ryan Reaves, who retired last month after 16 NHL seasons, cranked the pregame siren.

Referee Furman South briefly went down to the ice early in the third period when Vegas center Nic Dowd collided with him. South got up holding his midsection, but remained in the game.

Up next for the Kings: vs. Edmonton at Crypto.com Arena on Tuesday night.

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Manchester City whistleblower Rui Pinto to remain under witness protection

The Portuguese computer hacker who released documents which helped trigger the Premier League investigation into Manchester City will remain in witness protection after authorities in the country suspended the decision to end it.

Football Leaks founder Rui Pinto had been scheduled to leave the protection programme on Saturday, a ruling he previously said had put him in a “life-threatening situation”.

Pinto, 37, disclosed a tranche of confidential football documents, including emails and financial records relating to the English Premier League side.

In 2018, he shared documents with German magazine Der Spiegel, which used them for investigations into City’s finances and alleged breaches of financial fair play rules.

City were recently found guilty of all charges relating to breaches of the Premier League’s financial regulations between the 2009-10 and 2017-18 seasons. They have appealed against the decision.

Pinto became part of Portugal’s witness protection programme in 2020 after agreeing to co-operate with authorities and provide information obtained through the Football Leaks operation.

However, in a statement on Friday,, external Portugal’s Ministry of Justice said a decision to remove Pinto from witness protection had been reversed for the time being, with the body responsible for it – the special security programmes commission – having not adequately “notified” Pinto of grounds for its termination or given him the opportunity to challenge the decision.

Pinto will now be given 10 days to assess a risk assessment conducted by the special security programmes commission that indicates a low threat to his safety.

He posted on X, external thanking Portugal’s Minister of Justice, Rita Alarcao Judice and saying the commission’s initial decision had clearly violated the law and amounted to a “manifest abuse of power”.

Pinto has described himself as a whistleblower, but was convicted in Portugal of offences including illegal access to data and attempted extortion and given a four-year suspended sentence.

He wore a bulletproof vest during his first trial in 2020, which was also subject to heightened security measures.

Earlier this year, he was acquitted of 241 counts of illegally accessing email accounts belonging to a number of sports bodies in Portugal, including Benfica.

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Polls close in Brazil as Lula and Bolsonaro remain neck and neck

Some countries, from which Brazilians living overseas are able to vote, have also already released preliminary vote count data.

In China, Lula won 56.63% of the votes, while Bolsonaro came in second with 31.33%. Lula also won in countries including South Korea, New Zealand and Saudi Arabia.

In Israel, however, Bolsonaro won 74.40% of the valid votes. He also won 71.59% of the valid votes in Japan.

Today’s result will also determine the composition of the Senate from February 2027 onwards, as 54 of the Senate’s 81 seats are being contested, representing two-thirds of the chamber.

Currently, the largest bloc in the Senate is Bolsonaro’s Liberal Party (PL), followed by the Social Democratic Party (PSD), which has served in a coalition government under Lula.

In the last election four years ago, Lula narrowly defeated Flávio Bolsonaro’s father, Jair. But the tumultuous aftermath of the election, which saw Jair Bolsonaro convicted of plotting a coup after thousands of his supporters stormed the Brazilian Congress, has had a lasting impact on the nation’s political life and this election.

Jair Bolsonaro is serving a 27-year sentence for plotting a coup and is barred from standing for office.

Because of recurrent health problems, he is currently under house arrest rather than in a cell, but he has been prohibited from posting on social media or making public statements.

Despite these restrictions, there is little doubt that Flávio Bolsonaro has his father’s backing.

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Iran says Hormuz to remain closed until US meets conditions | US-Israel war on Iran News

Iran’s Foreign Ministry says reopening the strait has been its main goal, while the US continues to focus on nuclear talks.

The Strait of Hormuz is going to remain closed until the United States accepts Tehran’s seven-day plan to reopen the waterway, Iran’s top negotiator and parliament speaker has said.

Iranian state-linked news agency Nournews, quoting ⁠Mohammad Bagher Ghalibaf, reported on Sunday that Washington made “some proposals through a mediator” days after the US replied ⁠to Iran’s diplomatic proposal.

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The US should know “that the era of wasting time and dictating unilateral demands is over”, Ghalibaf said, adding Iran’s position remains “clear and definite”.

He emphasised that “the Strait of Hormuz will not open until our seven conditions based on the Islamabad memorandum are met”, and that Iran is “present on the military battlefield and will confront them with new surprises”.

He added that Iran was neither “excited” nor “intimidated” by the latest US proposals and would “both fight and negotiate”.

US President Donald Trump ruled out an Iranian proposal to reopen the Strait of Hormuz last week, hours after Iran put forward a roadmap to reopening the strait, through which one-fifth of global oil and natural gas is shipped during peacetime.

Last month, Trump threatened to “annihilate” Iran in his speech on the floor of the United Nations General Assembly (UNGA).

On Sunday, Iranian Foreign ⁠Minister Abbas Araghchi also said Iran is “serious about finding diplomatic solutions just as we are serious about defending ourselves”.

Speaking to foreign ambassadors and diplomats in Tehran, Araghchi said Iran had clearly explained ⁠its conditions for reopening the strait and ⁠that Tehran hoped Washington would choose diplomacy and accept its proposal.

However, Araghchi warned that if the US takes military action again, Iran is “more prepared than before and will take whatever action is necessary to defend ourselves”.

Iranian Ministry of Foreign Affairs spokesman Esmaeil Baghaei added that Tehran used the UNGA platform last month to provide world leaders with its position on ending the US-Israel war on Iran.

He said the US has continued to focus on nuclear talks, while reopening the strait has been Iran’s main goal.

“We are at this stage mainly focusing on the strait, and our principal concern is to reach a solution and to have peace and stability restored within this waterway,” Baghaei said.

The Strait of Hormuz has been largely blocked and disrupted for more than seven months, since the US and Israel launched strikes on Iran on February 28, driving one of the worst maritime shipping disruptions in decades.

About one-fifth of global oil and natural gas is shipped through the Strait of Hormuz during peacetime, as the US-Israel war on Iran has created several trade chokepoints
About one-fifth of global oil and natural gas is shipped through the Strait of Hormuz during peacetime, as the US-Israel war on Iran has created several trade chokepoints [File: Al Jazeera]

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