

The United States has formally withdrawn its last troops from Iraq, marking the end of a 23-year military chapter that began with the 2003 invasion and included a return in 2014 to combat the Islamic State. This phased drawdown, initiated by the Biden administration, concludes an era that saw over 4,500 American deaths and significant Iraqi protests against US intervention. The withdrawal leaves behind unresolved issues, with analysts suggesting it could bolster Iranian-linked groups, who are already celebrating the departure as a defeat for American influence. This inglorious ending highlights the limitations of American power in securing desired political outcomes.
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VoxMemory chip maker Micron Technology reported significantly better-than-expected quarterly results, with revenue nearly quadrupling year-over-year, driven by an eleven-fold jump in data center revenue. The company also issued strong guidance for the upcoming fiscal first quarter, forecasting higher revenue and earnings per share than analyst estimates. This performance is attributed to the global supply crunch and soaring demand for high-bandwidth memory (HBM) chips, crucial for artificial intelligence workloads. Micron, the sole US-based HBM manufacturer, is investing $250 billion in new facilities to meet this escalating demand. (not investment advice)
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CNBCThe Trump administration has begun distributing $500 refund checks to approximately one million Affordable Care Act (ACA) enrollees across 30 states. These checks, accompanied by a letter from President Trump, are being issued to individuals who earn above 400% of the federal poverty line and do not receive taxpayer subsidies for their coverage. The administration asserts that the Biden administration overcharged these Americans through federal exchange user fees, which were then passed on as higher premium costs, labeling it "gross mismanagement of Obamacare." This initiative aims to return surplus funds to those affected.
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CBS NewsOpenAI CEO Sam Altman declined an invitation to testify at a Senate subcommittee hearing concerning the risks posed by rogue artificial intelligence. Senator Josh Hawley, who chairs the Homeland Security and Governmental Affairs subpanel, expressed disappointment, stating that the American public deserves transparency from powerful AI companies. An OpenAI spokesperson noted the short notice of the invitation, emphasizing the company's ongoing engagement with Congress on AI safety policies through numerous meetings with lawmakers. The company affirms its commitment to constructive collaboration on federal AI safety legislation.
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CNBCMattel has announced Roger Lynch as its new CEO and chairman, succeeding Ynon Kreiz, who will depart to become co-CEO of the anticipated merged entity of Paramount Skydance and Warner Bros. Discovery. Lynch, a current Mattel board member and outgoing CEO of Condé Nast, will assume his new roles in October and November, respectively. Kreiz's tenure at Mattel saw significant transformations, including the success of the "Barbie" film, and he now moves to a pivotal role in a major entertainment industry consolidation. Mattel continues to focus on bolstering its iconic brands and expanding into digital gaming.
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CNBCThe parents of a Detroit-area toddler are set to face charges after their child brought a loaded pistol in his backpack to a daycare center. The incident, where the boy was seen holding the gun in a holster, resulted in no injuries due to the swift and safe intervention of a staff member. One parent is a police officer, though the firearm was not a service weapon. This alarming event highlights the critical importance of secure firearm storage, as Michigan law mandates that guns must be locked up at home when children are present, with penalties increasing significantly if a weapon is discharged.
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The GuardianLGBTQ-focused dating platform Grindr is significantly expanding its healthcare offerings by acquiring PurposeMed, the parent company of HIV prevention telehealth provider Freddie, in a $250 million deal. This marks Grindr's first major acquisition since its 2009 founding, aiming to integrate services like PrEP education, clinician connections, and medication delivery directly into its app. CEO George Arison anticipates this new business line, Woodwork, could become as profitable as Grindr's core dating platform, potentially reaching $240 million in annual revenue at scale and contributing to a substantial increase in PrEP uptake. (not investment advice)
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CNBCA FlyDubai flight from Dubai to Tel Aviv was diverted to Saudi Arabia after one pilot stabbed the other and reportedly attempted to crash the plane. Israeli Prime Minister Benjamin Netanyahu confirmed the incident, praising passengers and crew who intervened to overpower the attacker. Flight tracking data showed the Boeing 737 Max 8 plummeting over 17,000 feet in two minutes, transmitting a hijacking alert before landing safely in Tabuk. The injured pilot, identified as Capt. Smit Machchhar, was hospitalized and hailed as a hero, while the Omani attacker was arrested, prompting an investigation into a possible jihadist terror attack.
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BBCDefense Secretary Pete Hegseth announced Project Meridian, a new Pentagon initiative to identify future military capabilities, technologies, and weapons, enlisting Elon Musk, Palmer Luckey, and Newt Gingrich as co-leads. This 120-day project will focus on "discovering, developing, and fielding" systems for battlefields ranging "from under the Earth to beyond the moon," aiming to maintain a technological edge. The roles for Musk and Luckey, whose companies hold significant Pentagon contracts, place them in a prime position to influence future military technology needs. This initiative is part of a broader push into autonomous warfare, including a new four-star Autonomous Warfare Command.
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CNBCSenior football figures believe that a punishment for Manchester City's breaches of Premier League financial rules should be handed down before the end of the current season. City was found guilty of artificially inflating revenue by over £900 million through "sham" sponsorship deals between 2009-10 and 2017-18, charges the club denies while signaling an appeal. Despite fears of a prolonged process, sources within football express a desire for a swift resolution to avoid uncertainty, especially if City were to win the title. The independent commission will determine the final decision, with a 12-week appeal guideline.
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BBCThe US Senate blocked a Republican-backed bill aimed at restricting stock trading by members of Congress, with a 53-47 vote falling short of the 60 needed to advance. Democrats opposed the Stop Insider Trading Act, arguing it was inadequate as it would permit lawmakers to retain existing holdings and allow family members to trade on their behalf, also criticizing the inclusion of voter ID requirements as a "poison pill." Republicans countered that Democrats prioritized politics over reform. This marks another failed attempt in years of efforts to curb congressional stock trading, a contentious issue five weeks before midterms.
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The GuardianBillionaire venture capitalist Peter Thiel has quietly purchased Casa Encantada, a 40,000-square-foot Bel-Air mega-mansion, for $130 million at a foreclosure auction. This acquisition represents one of Los Angeles' priciest home sales ever, potentially a bargain given its previous asking prices of up to $250 million. The historic estate, built in 1938 and once owned by Conrad Hilton, was used as collateral by its late owner, Gary Winnick, who left behind significant debt. Thiel's purchase adds to his extensive real estate portfolio, encompassing properties across Hawaii, New Zealand, Miami, Washington D.C., and Buenos Aires.
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LA TimesTreasury yields showed mixed movements, with the 10-year yield rising above 5.298%, nearing 2007 highs, as traders looked past milder-than-expected August inflation data and awaited the September jobs report. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, increased less than forecasted, easing concerns about immediate rate hikes. However, yields rebounded as market participants now focus on Friday's jobs report, with a hotter-than-expected outcome potentially pushing yields further upward. This dynamic reflects ongoing market uncertainty regarding future monetary policy and economic indicators. (not investment advice)
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CNBCKurt Olsen, an election denier who sought to overturn the 2020 election results, is resigning from his role in the Justice Department's "grand conspiracy" investigation targeting Obama- and Biden-era officials, a DOJ official confirmed. Initial confusion led to reports of his full resignation from the department, but Olsen later clarified he would remain employed as senior counsel, though not assigned to this specific case. His departure follows issues with his security clearance, which hindered his ability to review classified evidence. Olsen is the third prosecutor to step down from this investigation this year, amidst ongoing scrutiny of the case's strength and management.
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CBS NewsA California couple, Shili Chen and Shouyong Zhang, both 77, have been charged with murder for allegedly shooting their son-in-law, Jonathan McKinsey, to death in a public park. The killing occurred days before a scheduled hearing in McKinsey's contentious divorce and custody battle with their daughter, Candice Jang. Prosecutors claim surveillance video shows the couple acting "in concert" during the shooting, with Zhang admitting to the act. Court records reveal McKinsey, a transgender New York Times gaming engineer, had accused his wife and her parents of abuse related to his gender transition, highlighting a tragic culmination of family conflict.
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The GuardianPennsylvania has reported its fifth measles-associated death of 2026, as the state's ongoing outbreak climbs to 943 confirmed cases across 39 counties. The unvaccinated Lancaster county resident's death contributes to a national total of over 3,600 cases this year, raising concerns about the US's eliminated measles status. Health officials note that only a small fraction of cases involved vaccinated individuals, underscoring vaccine effectiveness. This surge occurs amidst declining vaccination rates among kindergarten-aged children, with experts attributing the trend to misinformation, prompting Pennsylvania to request, and potentially withdraw, emergency CDC assistance over reporting discrepancies.
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The GuardianOfficials have determined that an abandoned campfire sparked the Dome fire in Yosemite National Park, which tragically resulted in the deaths of two helicopter pilots in a crash. The wildfire, reported on September 15, has grown to over 5,500 acres and is 39% contained. Authorities are seeking information about those responsible, who could face federal charges for the human-caused blaze. The incident underscores the severe dangers of irresponsible camping practices and the immense risks faced by firefighters, as the park mourns the loss of pilots Ryan Cutter and Greg King.
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LA TimesThe Federal Reserve's inspector general concluded that management and oversight failures led to major cost overruns in the central bank's headquarters renovation, but found no grounds for criminal referral. The project's budget ballooned from $1.3 billion to $2.4 billion, with some costs rising significantly more than overall inflation. President Trump seized on the report to demand former Fed Chair Jerome Powell's resignation, accusing him of mismanagement and linking it to his interest rate policies. While the report highlights substantial financial mismanagement, it clears Powell of criminal misconduct, affirming the Fed's independence from political pressure.
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CNBCCrude oil exports through the Strait of Hormuz have returned to pre-Iran war levels, reaching a seven-day average of 13.5 million barrels per day, bolstered by US military escorts and pipeline diversions. While overall Middle East crude shipments have surpassed pre-war baselines, refined fuel product supplies remain significantly constrained, contributing to a global fuel crisis and record-high US diesel prices. Iran's own crude exports have cratered due to a US Navy blockade and sanctions, as the Trump administration aims to force a settlement. The reliance on US military protection for shuttle tanker systems highlights the continued instability in the region. (not investment advice)
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CNBCNew York Governor Kathy Hochul has called for an independent, transparent review into Cornell University's campus culture and its handling of alleged group sexual assault. This follows a civil lawsuit by a former student claiming she was drugged and sexually assaulted by fraternity members in 2024, prompting outrage and the reopening of a criminal investigation. The Governor seeks to determine if Cornell met its obligations to protect students and pursue justice, emphasizing that no student should question institutional support. Cornell has expressed commitment to addressing campus culture and collaborating with state officials on student safety.
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Stellantis CEO Antonio Filosa reconfirmed the automaker's 2026 guidance for mid-single-digit net revenue growth and a low-single-digit adjusted operating margin, alongside targets for positive cash flow by next year. This reaffirmation comes as Stellantis' US shares hit an all-time low, marking a roughly 60% loss year-to-date since its 2021 merger. Filosa's $70 billion turnaround plan focuses on bolstering regional brands like Ram and Jeep, new investments, and optimizing manufacturing, without cutting its 14 automotive brands. Analysts, however, suggest a potential break-up as a plausible long-term scenario for the embattled company. (not investment advice)
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CNBCA Cornell University student's 2024 police statement, detailing alleged sexual assault at a fraternity, described her sexual encounters as feeling "like coercion" due to extreme intoxication. The statement, obtained by ABC News, reveals instances where she declined sexual acts and sought to pass out with ketamine to potentially secure a sexual assault charge. This account, initially leading the District Attorney to not press charges, is now central to a reopened criminal investigation and a civil lawsuit alleging group sexual assault. The case has sparked outrage and calls for an independent review of Cornell's campus culture and response protocols.
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The British Museum will provide an in-person audio-described tour of the Bayeux Tapestry exhibition, following a complaint from a visually impaired man, Dr. Yusuf Ali Osman, who argued the lack of such access breached the Equality Act. Osman, who is seeking damages and policy changes, highlighted the museum's initial prioritization of self-guided visits due to light exposure limits on the tapestry. The museum, which has worked with access consultants, is also exploring adding an audio-described option to the exhibition's app. This development aims to enhance accessibility for blind and partially-sighted visitors to the historic 70-meter embroidery.
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BBCKristi Noem, former Trump homeland security secretary, has filed for divorce from her husband, Bryon Noem, after 34 years of marriage, citing "irreconcilable differences." The filing follows public speculation about her marriage, including the publication of photos of her husband in costume and rumors of a relationship with an aide, Corey Lewandowski, which Noem dismissed as "tabloid garbage" under oath. Noem was fired by President Trump after a controversial tenure, which included criticism for calling Minneapolis protesters "domestic terrorists." This personal development adds to a period of significant public and professional scrutiny for the former governor.
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The GuardianPresident Donald Trump declared that the war with Iran would be "won very quickly," citing significant damage to Iran's economy and military, while claiming US control over the Strait of Hormuz. His administration simultaneously announced new sanctions targeting entities supporting Iranian arms procurement networks, part of Operation Economic Outcast, described as an "economic D-Day." These measures aim to disrupt Iran's financial mechanisms and force a settlement, despite previous diplomatic efforts collapsing. The Iranian Foreign Ministry condemned Israeli Prime Minister Benjamin Netanyahu's visit to the UAE, warning of dangerous consequences from Israel's regional presence.
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A federal judge has approved a settlement allowing David Ellison's $111-billion acquisition of Warner Bros. Discovery, capping his rise in Hollywood. The merged Paramount-Warner Bros. entity will control an expansive media portfolio including HBO, CNN, and iconic film and TV rights. The settlement mandates the release of 30 films annually, a $1.5 billion investment in domestic production, and $47.5 million for affected workers. It also establishes a panel to monitor CBS News and CNN's editorial independence, though critics note the Ellison family's control over board appointments. This decision marks a significant consolidation in the entertainment industry.
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LA TimesDefense Secretary Pete Hegseth announced a 20% reduction in the US military's top leadership, achieved through firings and position cuts, during his "State of the Force Address" at Marine Corps Base Quantico. Hegseth, who aims for an "unrelenting, unapologetic, and uncompromising" military, stated that generals "clung to the woke department" no longer work there, calling the cuts "accountability, and long overdue." This overhaul includes the creation of a new four-star Autonomous Warfare Command and partnerships with conservative universities for cadet programs. Critics, however, view these actions as a "purge" of experienced leaders.
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CBS NewsTwo individuals were killed and two others injured when a vehicle struck pedestrians during a community walk on Tsawwassen First Nation land in British Columbia, marking Canada's National Day for Truth and Reconciliation. Police indicated the driver might have experienced a medical emergency and stated there is no ongoing risk to public safety, clarifying the incident is not believed to be related to the commemorative day. The event honored victims and survivors of Canada's residential schools, which forcefully assimilated Indigenous children. Authorities are investigating the tragic collision, which occurred during a significant cultural observance.
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BBCSurging diesel prices, exacerbated by the Iran war and the closure of the Strait of Hormuz, are creating an economic "time bomb" for the US, impacting shipping, agriculture, and heavy industry. Business reporter Nathan Bomey warns that these increased costs will quickly trickle down to consumers, particularly affecting grocery prices and the upcoming holiday shopping season. While electric trucks offer a long-term alternative, their current limitations mean diesel remains crucial. Refineries are currently benefiting from high demand and limited capacity, but the overall situation points to a potentially challenging winter for American consumers. (not investment advice)
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VoxAn eight-year investigation by the Massachusetts attorney general's office revealed that over 270 Catholic clerics sexually assaulted nearly 1,000 children across three dioceses over several decades. The report found that church officials knew about the abuse, particularly before 2002, but failed to take effective action. While the investigation resulted in only one criminal charge due to statute of limitations and past laws, it serves as a public accounting of institutional failures. Attorney General Andrea Joy Campbell urged the church to implement meaningful changes for child protection and improve responses to abuse allegations, emphasizing the lasting trauma for survivors.
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The GuardianGold prices have fallen significantly from their January peak of $5,600 to around $4,300 per ounce, prompting retirement investors to reconsider rolling over 401(k) funds into gold IRAs. While the lower price might seem appealing, experts caution that timing the market is difficult, and elevated interest rates make non-interest-bearing gold less attractive. Investors should weigh gold's role as a diversification tool against its volatility and the specific IRS requirements for physical gold in IRAs. The decision should align with an individual's retirement timeline, existing asset mix, and risk tolerance, rather than solely current price fluctuations. (not investment advice)
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CBS NewsThe Trump administration has directed over $175 million from the State Department's human rights fund towards a slate of awards promoting a far-right agenda globally, despite congressional concerns. These grants include $40 million for an anti-communism fund, support for white Afrikaner rights, and campaigns against Brazil's supreme court, while rewarding ideological allies in Europe who protect "western civilizational norms." Critics argue these awards, personally lobbied for by administration members, represent a significant shift from traditional human rights support, undermining US values and relations with democratic partners. The move reflects a redefinition of human rights to align with conservative interests.
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The GuardianRui Pinto, the computer hacker behind Football Leaks, has publicly accused FIFA President Gianni Infantino of having "no place in the future of the game," alleging Infantino intervened to help Manchester City and Paris St-Germain avoid stricter financial fair play sanctions in 2014. Pinto claims Infantino, then UEFA general secretary, abused his authority by sharing confidential documents and orchestrating lenient punishments, preventing deeper investigations that could have led to Champions League bans. These allegations, previously reported, resurface amidst Manchester City's current Premier League financial charges, adding to existing pressure on Infantino regarding his leadership and transparency.
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BBCDespite Boeing securing a major $20 billion Navy contract for a new sixth-generation fighter jet, Jim Cramer is not increasing his investment in the company due to lingering uncertainties. Cramer's hesitation stems from an upcoming critical contract vote by Boeing's engineering union and a newly discovered software glitch affecting its 737 Max 10 aircraft, which has prompted an FAA certification delay. While analysts view the Navy win positively, establishing Boeing's monopoly in sixth-gen fighter aircraft, the labor dispute and software issues present immediate risks that are keeping investors cautious. (not investment advice)
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CNBCAfter years of rivalry and false starts, heavyweight boxers Tyson Fury and Anthony Joshua engaged in a surprisingly cordial launch event for their December 11 fight in Cardiff. Both fighters exchanged jokes and expressed mutual respect, with Fury calling Joshua a "role model" for British boxing. Despite previous contractual disagreements and the magnitude of the event, the mood was subdued, reflecting two veterans acknowledging their long careers. Joshua emphasized the fight's significance for British fans, while Fury highlighted it as the "icing on the cake" of their careers, setting the stage for a highly anticipated, albeit delayed, clash.
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BBCSenators have reached a bipartisan deal on construction permitting reform, a long-sought priority to streamline federal laws and accelerate infrastructure and energy projects. The "Bipartisan American Affordability and Jobs Act" aims to lower energy costs and speed up development for both fossil-based and clean energy sources, which are often bottlenecked by lengthy permit processes. The agreement also mandates data center developers to cover their own energy transmission costs. Negotiators expect this measure to be a top priority for a vote in the upcoming lame-duck congressional session, signaling progress on critical infrastructure development.
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CNBCCristiano Ronaldo has left the Portugal international camp, stating he will explain his reasons "in time," amidst speculation of a rift with head coach Jorge Jesus. This departure follows reports that Ronaldo, who aims for 1,000 career goals, was unhappy after not featuring in Portugal's recent 2-1 win over Norway. Coach Jesus denied any incident, explaining he had informed Ronaldo he would not start and later decided not to bring him on. Ronaldo's unexpected exit, confirmed by the Portuguese Football Federation, adds uncertainty to his international future as the team prepares for upcoming Nations League matches.
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BBCThe execution of Christa Pike, the only woman on Tennessee's death row, was paused at the eleventh hour by a federal appeals court to review allegations of childhood sexual abuse and sexual assault. Pike, convicted of the 1995 murder of Colleen Slemmer, argued that her PTSD from these experiences would make lethal injection cruel and unusual punishment. The appeals court's stay will allow for further consideration of whether her trial counsel effectively presented this evidence at sentencing. Tennessee's Department of Correction has asked the US Supreme Court to vacate the stay, emphasizing the state's interest in finality for the victims' family.
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