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| Happy Friday, Daily Money readers. It's Bailey Schulz here to bring you the day's top headlines. |
| It's official. After a months-long battle in court, Elon Musk has taken over Twitter. The Tesla billionaire confirmed the news Thursday night on – where else – Twitter, with the message: "the bird is freed." |
| Multiple news outlets reported late Thursday that the $44 billion deal had closed and multiple top executives had been fired, including CEO Parag Agrawal. |
| Musk acknowledged that he was overpaying for Twitter in a Tesla earnings call earlier this month but said he was "excited about the Twitter situation." Critics of the deal worry that his plans to ease content moderation could bring back extremist content. |
| USA TODAY is keeping an eye on the news today as it develops. You can follow our live updates here. |
Pending home sales plunge |
| In non-Twitter news, pending home sales plunged for the fourth straight month, and were down 10.2% in September. It's the largest month-to-month drop since May 2010, excluding lockdown months. |
| The decline indicates that high mortgage rates are severely limiting buyers' purchasing power. A $300,000 loan with today's 7% mortgage rate is costing the typical buyer more than $700 per month than the rate a year prior. |
| 📰 More stories you shouldn't miss 📰 |
| Elon Musk says Twitter can't become 'a free-for-all hellscape,' should be 'warm and welcoming' |
| What is a good credit rating and why does it matter? How to improve your credit score. |
| California marijuana company sued after customers say its weed was not strong enough |
| Disneyland vs. Disney World: What is the difference? How to choose which one to visit. |
🍔 Today's Menu 🍔 |
| Who says Halloween treats are for kids? |
| For our readers 21-and-older, we've got a round up of spooky cocktails to try, including a toxic sludge margarita and pumpkin fizz cocktail. |
Don't miss our investment guide |
| Stay calm and invest on. Consider your choices – and what to invest in, and whether to do it yourself. Get more advice like this in USA TODAY's Personal Finance Investment Guide. |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
| You can follow USA TODAY reporter Bailey Schulz on Twitter @bailey_schulz and subscribe to our free Daily Money newsletter here for personal finance tips and business news every Monday through Friday. |
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