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Tuesday, October 13, 2026
Morning edition
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Character.AI files for Chapter 11 bankruptcy, agrees to sell some assets to Disney for $20 millionCharacter.AI said Monday it filed for Chapter 11 bankruptcy in the U.S. and agreed to sell some of its assets to Walt Disney for $20 million, Reuters reported. The company said it "intends to continue operating as it completes the sale."
Alibaba begins selling Qwen Glasses N1 and N1 Pro in ChinaAlibaba began sales of its Qwen Glasses N1 and N1 Pro after a launch event in Hangzhou on Tuesday, Oct. 13, The Next Web reported. The N1 starts at 2,999 yuan ($450) before discounts, per Bloomberg as cited by The Next Web, and the N1 Pro is 3,499 yuan; the glasses are sold on Taobao, Tmall, JD.com and Douyin.
DayOne secures MYR15 billion ($3.7 billion) financing package for Johor data centerSingapore-headquartered data center operator DayOne secured an expanded MYR15 billion ($3.7 billion) multi-currency financing package from seven lenders, including CIMB, DBS, Maybank, OCBC and UOB, TechNode Global reported Oct. 13. The package brings total financing for its Johor, Malaysia facility to MYR30 billion, according to the report.
Monday close, per The Motley Fool: the Dow rose 0.38% to 51,851, the S&P 500 slipped 0.06% to 7,807 and the Nasdaq fell 0.44% to 27,246. Futures below were posted on Yahoo Finance early Tuesday.
JPMorgan reports third-quarter net income of $15.3 billionJPMorgan Chase reported third-quarter net income of $15.3 billion, or $5.57 per share, compared with $14.4 billion, or $5.07 per share, a year earlier, Reuters reported Tuesday. CEO Jamie Dimon said "The US economy continued to be fueled by strong business investment and ongoing consumer spending."
Goldman Sachs reports third-quarter net revenues of $18.68 billionGoldman Sachs reported third-quarter 2026 net revenues of $18.68 billion, net earnings of $5.29 billion and diluted earnings per share of $17.01, according to its Oct. 13 earnings release filed with the SEC. The firm reported an annualized return on equity of 18.7%.
IMF raises 2026 world growth forecast to 3.1%The International Monetary Fund forecast world growth of 3.1% for 2026, up from 3.0% in its July forecast, and 2.3% U.S. growth in both 2026 and 2027, the AP reported from the IMF meetings in Bangkok. IMF research director Silvana Tenreyro told reporters, "The outlook is highly uneven."
South Korea's Kospi falls 5.5%; Samsung down 7.4%, SK Hynix down 10.1%The Kospi fell 5.5% to 6,035.35 on Tuesday after dropping more than 7% intraday, the AP reported. Samsung Electronics fell 7.4%, SK Hynix fell 10.1%, and Japan's Nikkei 225 fell 1.8% to 67,777.52, according to the AP.
Average 30-year fixed mortgage rate at 7.457%, per Mortgage Research Center dataFortune, citing Mortgage Research Center data available Oct. 12, reported an average 30-year fixed rate of 7.457%, down from 7.542% a week earlier. The average 15-year fixed rate was 6.637%, down from 6.737%, according to the report.
Continuum of Care members set Tuesday vote on making L.A. County lead homelessness agencyThe Los Angeles Continuum of Care general membership is scheduled to vote Tuesday afternoon on designating Los Angeles County as the lead agency for the region's homelessness response, MyNewsLA reported. The vote was moved from Friday; Mayor Karen Bass and four council members said in a statement, "Without collaboration and transparency, management of this complex issue will continue to falter," and County Supervisor Lindsey Horvath said, "Los Angeles County is prepared to partner with every city in the county."
Three Metro D Line stations to close Oct. 23 to Nov. 2 for electrical workMetro will close the Wilshire/La Brea, Wilshire/Fairfax and Wilshire/La Cienega stations from 2 a.m. Friday, Oct. 23, with reopening scheduled for 4 a.m. Monday, Nov. 2, according to Metro's The Source. Metro said "Electrical equipment needs to be installed at Wilshire/La Brea Station"; D Line trains will run between Union Station and Wilshire/Western, with Line 855 shuttle buses about every 10 minutes.
City Council to consider Main Street fire recovery proposals TuesdayThe Santa Clarita City Council meets Tuesday at 6 p.m. at City Hall, 23920 Valencia Blvd., to consider staff proposals for Main Street fire recovery, The Signal reported. The proposals include a $40,000 Shop Local campaign with the Old Town Newhall Association and a community art wall estimated at about $130,000 for 300 feet or about $313,000 for 715 feet; the Aug. 24 fire damaged the 24000 block of Main Street, according to the report.
Eight weekend pickleball courts open at Placerita Junior HighThe City of Santa Clarita and the William S. Hart Union High School District opened eight pickleball overlay courts at Placerita Junior High School to the public on Saturdays and Sundays, 8 a.m. to 2 p.m., except during school activities, according to a news release published by The Signal. The $84,000 cost was shared by the city and the district; entry is through the gate off Newhall Avenue.
Stevenson Ranch Outback Steakhouse set to closeThe Outback Steakhouse in the 26200 block of The Old Road in Stevenson Ranch Plaza "is set to close its doors in just two weeks," KHTS reported Monday. The restaurant opened March 4, 1997, according to KHTS.
WSU's Foley Institute cosponsors online debate on Washington's three ballot initiatives Oct. 15The Thomas S. Foley Institute at Washington State University and Braver Angels of Washington State will host a virtual debate on initiatives IL26-001, IP26-645 and IL26-638 on Thursday, Oct. 15, from 6:30 to 8:30 p.m. via Zoom, WSU Insider reported. Foley Institute director Lia Merivaki said, "Ballot initiatives ask voters to make consequential policy decisions directly."
WSU Press author Roberta Paul to read Oct. 15 at Terrell LibraryRoberta Tawlikitsanmay' (Woman of the Forest) Paul will read from "Listening to the Birds: A Nez Perce Woman's Journey of Self-Discovery and Healing" on Thursday, Oct. 15, 4 to 6 p.m., in the Quiet Study Lounge on the first floor of Terrell Library, WSU Insider reported.
Trump to hold rally in Wasilla, Alaska, for Sen. Dan Sullivan on TuesdayPresident Donald Trump is scheduled to headline a rally Tuesday in Wasilla, Alaska, for Republican Sen. Dan Sullivan, who faces Democrat Mary Peltola, the AP reported. Trump also plans to support Rep. Nick Begich, and rallies in Arizona and Montana are set for Wednesday, according to the AP.
Judge orders 24-hour halt to tree-cutting at East Potomac Golf CourseU.S. District Judge Ana Reyes on Monday ordered the Trump administration to halt tree-cutting at Washington's East Potomac Golf Course for 24 hours and said the order could be extended to 14 days, the AP reported. Reyes said "I am thoroughly unamused right now" and set another hearing for Oct. 19.
Trump says Republican critics of Russian diesel deal "can't really be serious"Speaking outside the White House on Monday, President Donald Trump said Republican critics of his diesel deal with Russia "can't really be serious," the AP reported. Asked about Russian strikes after the energy ceasefire he announced, Trump said he would have to look, "because there's been violations on both sides," according to the AP.
AP-NORC poll: 56% say Trump has put "a lot" of emphasis on his personal businessesIn an AP-NORC poll of 2,140 adults conducted Sept. 24-28, 56% said Trump has put "a lot" of emphasis on his personal businesses since returning to office and about 6 in 10 said he is either illegally profiting from the presidency or acting unethically, the AP reported. The margin of sampling error is plus or minus 2.9 percentage points.
Houthis say they fired missile toward Riyadh airport; Riyadh sounds air raid sirensSaudi Arabia sounded air raid sirens in Riyadh on Monday evening and residents heard explosions, and the Houthis said they fired a ballistic missile toward King Khalid International Airport, the AP reported; Houthi-run al-Masirah TV said Tuesday that airstrikes hit the Red Sea island of Kamaran, the Qanawis district northwest of Hodeida, and Jawf province and blamed Saudi Arabia, which has not commented (single source). Egypt's Foreign Minister Badr Abdelatty said there is "no justification for these attacks." Yemen ranks 6th of 179 countries in the Fund for Peace Fragile States Index 2024.