Rundown · Tuesday, October 13, 2026
Finance news on October 13, 2026
On Tuesday, October 13, 2026 the Finance desk recorded 5 news events, 1 of them carried by 5 or more outlets. The earliest report came from CNBC at 01:26 UTC.
- news events5
- outlet reports13
- carried by 5+ outlets1
- first report (UTC)01:26
-
01
Space startup funding triples to record $20.8B in Q3, Seraphim report says
Machine summary Excluding Blue Origin's $10 billion financing, the quarter still reached an all-time high of $10.8 billion, and deal count rose to a record 216 from 140.
Reported by SpaceNews, The Lufkin Daily News, Finimize, CTech and swarajyamag.com.
Full coverage: every report, when each was published, and who was named (5 outlets)
-
02
DBS CEO: Singapore Haven Pitch Is Backed by S$518B Temasek
Machine summary DBS Group CEO Tan Su Shan is pitching Singapore and the bank as safe-haven assets amid trade wars and geopolitical shocks, citing the city-state's AAA rating and Temasek's S$518 billion portfolio as anchors.
- DBS Group is Southeast Asia's largest bank by assets.
- Temasek, which managed assets worth S$518 billion (US$404 billion) as of March 31, is DBS's largest shareholder.
- Singapore holds AAA-rated debt, a stable political environment, and a position at the heart of Asia.
- DBS has "one of the safest credit ratings in the world," according to CEO Tan Su Shan.
- Tan cited geopolitics, blockages, war and the Strait of Hormuz as key supply-chain fragmentation risks.
Reported by CNBC and ghanamma.com.
-
03
HCLTech gains 6%, TCS 5% as quarterly results lift IT shares
Machine summary Key facts from the reports:
- For the September quarter, HCLTech posted Rs 5,132 crore in consolidated net profit, a 21.2% year-on-year rise, with revenue climbing 11.5% to Rs 35,620 crore.
- HCLTech's operating margin reached 18.2%, which India Today reported as an improvement of 131 basis points over the previous quarter
- Annualised revenue from HCLTech's advanced AI services rose 78% year-on-year to $876 million, the company reported
- HCLTech's new deal bookings were $3.26 billion versus $2.57 billion a year earlier, and it raised the lower end of FY27 revenue growth guidance to 2.5% from 1% while keeping the upper end at 4%
Reported by India Today and news18.com.
- HCLTech
- Advanced AI services
-
04
Bumble agrees to $1.3 billion all-cash takeover by Ithaca Holdings
Machine summary The company stated the price is about a 138% premium to the unaffected close on October 9, 2026 and roughly a 119% premium to the 30-day volume-weighted average price as of that date. Blackstone affiliates and founder Whitney Wolfe Herd approved the transaction by written consent, which the company said provides the required shareholder approval.
- Bumble common shareholders are to receive $6.05 in cash per share of Class A Common Stock under the agreement, the company stated
- According to the company, the price represented roughly a 138% premium over the unaffected share closing price recorded on October 9, 2026, and roughly a 119% premium versus the 30-day volume-weighted average price calculated as of that date.
- An independent Special Committee of Bumble's board, with separate legal and financial advisers, evaluated strategic alternatives and recommended the transaction; the board approved it unanimously with Whitney Wolfe Herd recused, the announcement states
- The company said that a written consent, given by Blackstone affiliates and Ms. Wolfe Herd to approve the deal, supplied the necessary shareholder approval.
- Ithaca Co-CEOs Ravi Gupta and John Hegeman are announced to become Co-CEOs of Bumble upon closing, partnering with Ms. Wolfe Herd
Reported by financialcontent.com and businesswire.com.
- Blackstone
- Bumble
- Ithaca Holdings
- Special Committee of Bumble's Board
-
05
Nasdaq slips as chips fall for a fifth session and banks report
Machine summary The Nasdaq declined 0.15% to 27,204.38 on Oct 13 while the S&P 500 slipped 0.02% to 7,805.45 and the Dow fell 0.35% to 51,670.10, the report states.
- The S&P 500 declined 0.02% on Oct 13 to close at 7,805.45 points; the Nasdaq fell 0.15% to 27,204.38 and the Dow dropped 0.35% to 51,670.10 (Straits Times)
- The PHLX chip index fell 0.23%, its fifth straight losing session; Applied Materials dropped almost 7% and Micron Technology lost 3.6%, while Broadcom rose 0.7%
- After both banks beat profit estimates, Citigroup shares dropped 5.6% and Goldman Sachs declined 0.2%; Wells Fargo shed 3.1% due to a shortfall in net interest income, and JPMorgan Chase closed 0.9% lower after an uncommon profit miss.
- Apple set an intraday record of US$348.15 before closing up 0.1% at US$341.27, giving the company a stock market value of US$4.98 trillion
- According to the report, the S&P 500 is up 14% in 2026, while the index's median stock has gained less than 5%.
Reported by The Straits Times and Reuters.
Each summary and its key facts are a machine summary of the reports linked under it; the outlets, times and counts come from those reports' own records. How a rundown is built.
Also covered for this desk
2 events homed on another desk that the Finance desk also carried on October 13, 2026.
The days around it
Sources: the outlets' reports linked on this page; counts and times from GetYourBrief's record of those reports (methodology).