“Shark Tank” star Kevin O’Leary credits his mother for teaching him valuable financial lessons that shaped his approach to money. His mother’s advice included saving 15% of her pay from a young age and maintaining financial independence by keeping a secret account from her husbands. O’Leary learned to buy quality items, like Chanel suits, which held their value over time. The key takeaway is to invest in quality over quantity for long-term value. 1. The unemployment rate in the U.S. fell to 4.2% in September, the lowest since the pandemic began. The economy added 194,000 jobs, beating expectations. Job gains were seen in sectors such as leisure and hospitality, healthcare, and professional services.

2. Tesla announced record-breaking profits for the third quarter, with earnings of $1.62 billion. The electric car company delivered 240,000 vehicles, a 73% increase from the previous year. Tesla’s revenue also soared to $13.76 billion, exceeding analysts’ estimates.

3. The U.N. Climate Change Conference (COP26) kicked off in Glasgow, with world leaders gathering to address the urgent need for global action on climate change. Countries are expected to set more ambitious targets to reduce greenhouse gas emissions and limit global warming to 1.5 degrees Celsius.

4. Facebook announced plans to rebrand the company as Meta, reflecting its focus on the metaverse. CEO Mark Zuckerberg aims to create a virtual reality platform that connects people in a digital world. The rebranding comes amid growing scrutiny of Facebook’s practices and calls for increased regulation of social media platforms.

Read more at finance.yahoo.com: Top 2 Financial Rules From My Mom That I Still Follow