Good morning. It's Sunday, October 11, 2026. The US has marked a significant milestone with the end of its 12-year military mission in Iraq, as all US forces and equipment have left the country.
This development comes as the economy is showing signs of stability, with low jobless claims and slower inflation growth, indicating a stable labor market with minimal layoffs.
The Top Stories
The US has ended its 12-year military mission in Iraq, with the departure of its forces from the country. All US forces and equipment have left Erbil Air Base in northern Iraq as part of the withdrawal.
Why it matters: This development marks a significant shift in the US military presence in the region. The Federal Reserve's preferred inflation gauge for August was lower than expected, which may delay the next interest-rate hike until December.
The inflation gauge showed slower growth, indicating a stable economy. Why it matters: This development may have a positive impact on the economy, as lower inflation can lead to increased consumer spending.
Jobless claims remained low in the latest week, indicating a stable labor market with minimal layoffs. Why it matters: Low jobless claims are a sign of a strong economy, as they indicate that fewer people are losing their jobs.
Washington & the Nation
The Federal Trade Commission has launched a website where individuals can report online platforms that fail to remove intimate images shared without permission. The law requires platforms to remove such images, and the FTC is taking steps to enforce this law.
The Federal Reserve's inflation gauge for August was lower than expected, which may delay the next interest-rate hike until December. The US has also seen a significant development in the Cornell case, where the DA stated that he never saw a transcript of a conversation between an alleged rape victim and investigators.
Around the World
European stocks started the day with losses after a weak finish on Wall Street, with computer outages also affecting trading. A co-pilot allegedly stabbed the pilot on a FlyDubai flight headed to Israel, but passengers intervened to stop the co-pilot.
A protest sculpture has been created to protest against OpenAI, depicting its leaders escaping a sinking ship. The sculpture is the latest in a series of creative protests against the company.
Your Money
The economy is showing signs of stability, with low jobless claims and slower inflation growth. The stock market is also seeing an upward trend, with the Dow, S&P 500, Nasdaq, and Russell 2000 all increasing.
Gold and oil prices are also rising, with the 10-year Treasury near 5.24%. This indicates a positive outlook for the economy, with increased consumer spending and investment expected.
Health & You
According to the National Institutes of Health, adults 50+ can take steps to maintain their physical and mental health by engaging in regular exercise, eating a balanced diet, and getting enough sleep. The Centers for Medicare and Medicaid Services also recommend that adults 50+ get regular check-ups and screenings to prevent and detect diseases early.
One Good Thing
Plus500 has announced an 11% increase in quarterly revenue, indicating a positive outlook for the company. Charter Communications has also announced a buyout deal for Liberty Broadband, marking a significant development in the business world.
These developments are a sign of a strong and growing economy, with increased investment and job creation expected.
On This Day
In 1962, The Second Vatican Council opened in Rome. In 1975, Saturday Night Live premiered on NBC, with George Carlin as the first guest host. In 1884, Eleanor Roosevelt, American first lady and humanitarian.
In 1946, Daryl Hall, American singer and musician. (From the 50PlusHub Nostalgia archive.)
In conclusion, the US has ended its 12-year military mission in Iraq, and the economy is showing signs of stability. With low jobless claims and slower inflation growth, the outlook for the economy is positive.
As always, we will continue to monitor developments and provide updates as more information becomes available. And that's the way it is.
Sources
- Federal Reserve, 'Inflation Gauge,' 2026
- National Institutes of Health, 'Healthy Aging,' 2026
- Centers for Medicare and Medicaid Services, 'Preventive Services,' 2026
- Wall Street Journal, 'Stock Market Trends,' 2026
- US Department of Labor, 'Jobless Claims,' 2026
- U.S. Treasury (Treasury yields)
- Yahoo Finance (delayed market quotes)
- 50PlusHub Newsroom