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| Happy Thursday, Daily Money readers. It's Bailey Schulz here with today's top headlines. |
| The U.S. economy rebounded in the third quarter, ending a two-quarter streak of losses as the nation's gross domestic product (that's the value of all goods and services produced in the U.S.) grew at a 2.6% seasonally adjusted annual rate. |
| But don't get your hopes up. This doesn't negate all the recession forecasts we've been hearing, with 78% of economists surveyed this month by Wolters Kluwer Blue Chip Economic Indicators expecting a downturn next year. |
| While most experts have been predicting a mild recession, some fear the risk of a more severe slump is growing as the Federal Reserve continues its aggressive interest rate hikes. |
Elon Musk, 'Chief Twit' |
| Elon Musk's Twitter takeover has been a months-long "will they or won't they" saga, but the billionaire is signaling that he plans to complete the takeover of the social media platform as a deadline to seal the deal looms. |
| Musk, who also runs Tesla and SpaceX, posted a video clip of himself walking into Twitter's San Francisco headquarters carrying a porcelain sink with the caption "Let that sink in" on Wednesday. He also updated his Twitter bio to "Chief Twit." |
| Musk agreed to buy Twitter in April before trying to stop the deal, saying Twitter had misrepresented the number of spam and fake accounts on its platform. Twitter denies the allegation. |
| Musk has until 5 p.m. Friday to close the $44 billion takeover or resume litigation. |
📰 More stories you shouldn't miss 📰 |
| Joe Biden, CFPB target junk fees, hoping to ease economic pressure on low-income families |
| Hobby Lobby founder says he's giving away his company because 'wealth is a curse' |
| Flood waters can cause electric vehicles to catch on fire — And some did after Ian. Here's why experts aren't particularly alarmed. |
💰 Luxury items 💰 |
| Sorry, Pokémon fans. Your Charizard card has nothing on this. |
| The world's most expensive Pokémon card is a PSA 10 Pikachu Illustrator, sold to social media personality Logan Paul in April for $5 million. |
| I know we gotta catch 'em all, but I'll pass on this one. |
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. |
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