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Tesla’s stock saw a 13% increase after reporting better-than-expected profits for the third quarter, with CEO Elon Musk predicting a vehicle growth of 20-30% next year. United Parcel Service also saw a 7% rise in their stock following their third-quarter earnings and revenue beat. Lam Research’s stock rose 6% after beating Wall Street expectations in their fiscal first-quarter figures. Seadrill rose 9% after reports of merger talks with Transocean. Newmont, on the other hand, fell 4% after posting weaker-than-expected earnings. QuantumScape surged 17% with in-line third-quarter results. T-Mobile’s stock rose 2% after better-than-expected third-quarter results. Boeing’s stock fell 3.7% following a rejected labor deal by Boeing machinists. Mattel gained 2.1% despite mixed third-quarter results. Honeywell fell 2% after missing revenue estimates. Northrop Grumman’s stock rose 1% after beating earnings estimates but missing revenue. Southwest Airlines saw a 1% increase in their stock following their third-quarter earnings report. Molina Healthcare surged 10% after beating analysts’ expectations. IBM’s stock fell 3% after missing revenue expectations. Whirlpool’s stock popped 4% after topping third-quarter expectations. American Airlines’ stock fell over 3% despite surpassing estimates for the third quarter and raising its full-year outlook.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
