Tesla – Elon Musk’s Tesla has released it’s third-quarter earnings report, cutting its full year growth expectations however, Musk did reassure that it is not due to a lack of demand. Despite revenue reaching its highest ever, the market still responded negatively with the stock currently down 7.46% for the week.
Netflix – Popular Netflix programs have helped Netflix add 2.4 million members which is more than double the number of subscribers they had forecast. The market responded very favourably to this announcement with the stock rising as much as 15.5 per cent.
Jobless rate – The unemployment rate has remained at its near 50-year low of 3.5 per cent in September, higher than what was expected with expectations of 25,000 jobs added not met.
Woodside – Sales for the September quarter surged 70 per cent for one of Australia’s largest independent oil and gas company with sales reaching $9.3 billion, boosted from the BHP assets that Woodside acquired.
UK – British Prime Minister Liz Truss has resigned making her the shortest-serving prime minister in British history. Her time in office was met with a strong decline in markets with investors concerned about a risky tax-cut plan she tried to push. The UK markets have responded well to the news, finishing the day in positive territory.
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