1. UK PM quits job after 44 days

British PM Liz Truss has resigned ending a 44-day office flawed by budget chaos, economic turmoil and political infighting. Truss said she will remain as caretaker PM until a successor is named soon.

2. Houses cheaper but you’d have to earn a lot more

If you wanted to buy a house in Sydney for $1,283,502, you’d now have to earn $28,000 a year more than if you’d bought in April to get approved for a home loan, Canstar modelling reveals because mortgage repayments are so much higher given the hike in interest rates.

3. Hackers are out there big time

The SMH says while the Optus cyberattack may have been bad, “the Medibank data breach is a disaster” and the intimate information hacked is of greater value to the hackers. But cyber expert know that more cyber incidents will occur. Head of Cybersecurity and Digital Trust at PwC Rod Di Pietro compares the war as “an arms race” with the hackers often one step ahead, even though businesses pour millions into cyber defence.

4. Employment up in September

CommSec data reveals that Employment rose by 900 people in September, with full-time jobs up by 13,300, but part-time jobs fell by 12,400. Total employment was steady at record highs of 13.6 million in September.  Hours worked fell less than 0.1% to 1,853.5 million in September, but was up 7.1% on a year ago.

5. Our market and dollar down

Australian share market is expected to open lower, as US policymakers talk about more rate rises to check inflation. And the Aussie dollar is again down on negative news.