Top World News — October 13, Update
Tuesday’s news digest mixes macro caution with market resilience: JPMorgan opened Wall Street’s earnings season with its first quarterly miss in three years, Bitcoin whipsawed between $81,000 and $84,000, and India updated its travel advisory for citizens in Saudi Arabia as regional tensions showed no sign of easing.
India Updates Travel Advisory for Citizens in Saudi Arabia
The Indian Embassy in Riyadh issued an updated travel advisory on Tuesday, urging Indian nationals to stay calm and vigilant and to remain indoors during potential aerial threats. The advisory also strongly discouraged citizens from circulating videos or news related to the ongoing events, while noting that embassy, consulate and VFS services were functioning normally. The move is a fresh embassy-level signal that the Saudi–Houthi tensions are not de-escalating.
JPMorgan Opens Earnings Season With First Quarterly Miss Since 2023
JPMorgan reported third-quarter earnings per share of $5.57, below analyst expectations of around $5.85 to $5.93 — its first quarterly miss since late 2023. Net income still rose 6% to $15.3 billion, but $658 million of investment-securities losses weighed on results, and CEO Jamie Dimon noted that client activity had moderated from a strong second quarter. The bank’s shares fell roughly 2 to 3 percent after the announcement before recovering, as investors digested the first major macro-health marker of US bank earnings season.
Bitcoin Whipsaws Between $81,000 and $84,000; Altcoins Weaken
Bitcoin swung sharply on Tuesday, sliding to about $81,000 in early Asian trading before ripping back above $84,000, and was holding around $83,300 to $83,700 later in the day. Altcoins fared worse: XRP traded near $1.36, down about 3%, while Solana and Dogecoin each fell roughly 4%, and the Fear & Greed Index dropped to 57 — its lowest reading since September 18. A suspected exploit sent the smaller token Autheo plunging roughly 92%, and a JPMorgan note pointed out that only about $50 billion of new money has entered crypto so far in 2026, roughly half the pace of 2025.
Market snapshot: Bitcoin held around $83,300–$83,700, broadly flat; Ethereum traded near $2,450–$2,510. Oil posted its first daily decline in nearly a week, with Brent around $104.63 and WTI near $91.85, though the war premium above $100 remained intact. On the trade front, no new China–US/UK tariff moves emerged; most trade items in circulation were recrawls of earlier reports. Next catalysts: US CPI lands Wednesday, October 14 (headline expected around 3.6–3.7%), alongside the XRPN closing-bell ceremony, followed by PPI data and a Fed Chair Warsh speech on October 15.