Good morning. It's Tuesday, October 13, 2026. The US has ended its 12-year military mission in Iraq, marking a significant development in the country's history. This news comes as the labor market remains stable, with jobless claims staying low, and the Federal Reserve's inflation gauge showing slower growth in August.
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's military presence in the region. The Federal Reserve's inflation gauge showed slower growth in August, which was lower than expected.
This development may delay the next interest-rate hike until December. Why it matters: The slower growth in inflation may have a positive impact on the economy, as it could lead to lower interest rates.
Jobless claims remained low in the latest week, indicating a stable labor market with minimal layoffs. Why it matters: The low jobless claims suggest that the labor market is strong, which could have a positive impact on the economy.
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's tool is aimed at helping individuals report non-compliant platforms.
The Federal Reserve's decision to potentially delay the next interest-rate hike until December may have a significant impact on the economy. The US has also seen a significant development in the Cornell case, with the DA stating 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. The US has ended its military mission in Iraq, which may have implications for the region.
A co-pilot allegedly stabbed the pilot on a FlyDubai flight headed to Israel, but passengers intervened to stop the co-pilot, who reportedly intended to crash the plane.
Your Money
The market saw a mixed day, with the Dow rising, while the S&P 500, Nasdaq, and Russell 2000 fell. Gold prices also decreased, while oil prices increased. The 10-year Treasury yield remained near 5.24%.
This mixed market performance may be due to various economic factors, including the Federal Reserve's decision to potentially delay the next interest-rate hike until December. The increase in oil prices may have a significant impact on the economy, as it could lead to higher inflation.
Health & You
According to the National Institutes of Health, adults 50+ can take steps to maintain their physical and mental health. This includes engaging in regular exercise, eating a healthy diet, and getting enough sleep.
The NIH also recommends 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, which is a positive development for the company. This growth may be due to various factors, including the company's efforts to expand its services and improve its operations.
The increase in revenue may also have a positive impact on the economy, as it could lead to job creation and economic growth.
On This Day
In 1792, The cornerstone of the White House was laid in Washington, D.C. In 2010, Thirty-three Chilean miners were rescued after sixty-nine days trapped underground. In 1925, Margaret Thatcher, British prime minister.
In 1941, Paul Simon, American singer-songwriter. (From the 50PlusHub Nostalgia archive.)
In conclusion, today's news includes the US's withdrawal from Iraq, the low jobless claims, and the slower growth in inflation. These developments may have a significant impact on the economy and the labor market.
As always, it's essential to stay informed and up-to-date on the latest news and trends. And that's the way it is.
Sources
- Federal Reserve, 'Inflation Gauge', 2026
- National Institutes of Health, 'Health Tips for Adults 50+', 2026
- Market Watch, 'Market Performance', 2026
- Plus500, 'Quarterly Revenue', 2026
- U.S. Treasury (Treasury yields)
- Yahoo Finance (delayed market quotes)
- 50PlusHub Newsroom