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Two people familiar with the deal say that Elon Musk is in control of Twitter and has ousted the CEO, chief financial officer and the company’s general counsel. The people wouldn’t say if all the paperwork for sale, valued at $44 billion, had been signed or if the deal has closed. Neither person wanted to be identified because of the sensitive nature of the personnel moves.

CHICAGO (AP) — Persistently high inflation and gas prices are looming over sports and the monetary pipeline that resumed when fans returned to games amid the pandemic. The most recent Consumer Price Index Summary from the U.S. Bureau of Labor Statistics showed an 8.2% rise in costs in September from a year earlier. Increases in the shelter, food, and medical care indexes were among the largest contributors to the rise in costs.

WASHINGTON (AP) — Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve’s aggressive rate hikes intended to tame inflation not seen in some 40 years. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.

Elon Musk, the billionaire poised to acquire Twitter later this week, strolled into the company’s headquarters Wednesday carrying a porcelain sink and tweeting “Entering Twitter HQ - let that sink in!” Musk posted a video showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion deal to buy the company.

WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy. Jobless claims for the week ending Oct. 22 inched up by 3,000 to 217,000 from 214,000 the previous week, the Labor Department reported Thursday. The four-week moving average rose to 219,000 from 212,250 the previous week.

WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Thursday’s estimate from the Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — grew in the third quarter after having shrunk in the first half of 2022. Still, the outlook for the economy has darkened.

OMAHA, Neb. (AP) — Norfolk Southern hauled in 27% more third-quarter profit as the railroad increased shipping rates and reduced the number of delayed deliveries that shippers have been complaining about this year. The Atlanta-based railroad said it earned $958 million, or $4.10 per share, in the quarter. That beat the $3.75 per share that Wall Street was expecting even though it included a $117 million charge related to the raises it offered to its employees in new contracts that are being voted on now.

ORLANDO, Fla. (AP) — Hurricane Ian caused as much as $1.8 billion in damages to Florida agriculture last month, state agriculture officials said. The Category 4 storm caused between $1.1 billion and $1.8 billion in losses to the state's crops and agriculture infrastructure when it tore through the peninsula after landing in southwest Florida, according to a preliminary estimate released Monday by the Florida Department of Agriculture and Consumer Services.

WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week ahead of another expected rate increase by the Federal Reserve when it meets early next month. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate ticked up this week to 6.94% from 6.92% last week. Last year at this time, the rate was 3.09%.

NEW YORK (AP) — Federal regulators said Dollar General is facing another $1.68 million in fines after government safety inspectors found violations at four of the chain’s stores in Alabama, Florida and Georgia. During inspections in April 2022, the Occupational Safety and Health Administration found dirty and disorderly storage areas and materials stacked unsafely at locations in Mobile and Grove Hill, Alabama; Tampa, Florida; and Dewy Rose, Georgia.

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