Author: Press Room

Dimitri Otis | Stone | Getty ImagesThe U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness looms under the surface and households shouldn’t be lulled into a false sense of financial security, economists and financial advisors said.”I think investors should still continue to be cautious … and plan for more disruption,” said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, based in Irvine, California, and a member of CNBC’s Advisor Council.Gross domestic product — a sum of all the goods and services produced in the…

Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. The company said the deal “became effective” on Thursday, as part of a filing notifying its intention to de-list from the New York Stock Exchange, a move that happened later on Friday. The confirmation comes after a source familiar with the deal told CNN the deal had closed Thursday night. Musk also appeared to acknowledge the takeover in a tweet Thursday night saying, “the bird…

Ontario Provincial Police from Huronia West and Collingwood say they seized multiple guns and drugs during a search warrant in Stayner. As a result of the warrant, police say they seized a loaded Glock 19 handgun, 46 rounds of 9mm ammunition, body armour, fentanyl, powder cocaine, crack cocaine, and hydromorphone tablets.Three people have been charged in the investigation.Troy Dacosta, 28, of Scarborough, and April Hurst, 40, both of Clearview Township, are facing 13 charges related to possession of a Schedule 1 substance for the purpose of trafficking, possession of loaded weapons, and careless storage of firearms. Both were held for…

Paul Pelosi, husband of U.S. House Speaker Nancy Pelosi (D-CA), arrives for a reception honoring Greek Prime Minister Kyriakos Mitsotakis and his wife Mareva Mitsotakis in the East Room of the White House on May 16, 2022 in Washington, DC.Chip Somodevilla | Getty ImagesPaul Pelosi, the husband of House Speaker Nancy Pelosi, was “violently assaulted” by a person who broke into the couple’s San Francisco home early Friday morning, the speaker’s office said in a statement.”The assailant is in custody and the motivation for the attack is under investigation,” read the statement from Pelosi spokesman Drew Hammill.Paul Pelosi, 82, “was…

The United Cup, a new international team tennis tournament featuring the best men’s and women’s players from the top 18 countries in the world, will launch in December across three Australian cities. The ATP and WTA event will kick off the 2023 season, taking place in Brisbane, Perth and Sydney from 29 December 2022 to 8 January 2023. Eighteen countries will face off in the first mixed team event to offer ATP and WTA ranking points, where a lucrative prize pot of $15 million is also up for grabs. ATP BaselBautista Agut beats frustrated Murray in Basel, Norrie out of…

Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC.Drew Angerer | Getty ImagesAn economic gauge that the Federal Reserve follows closely showed that inflation stayed strong in September but mostly within expectations, the Bureau of Economic Analysis reported Friday.The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months, the report showed. The monthly gain was in line with Dow Jones estimates, while the annual increase was slightly below the 5.2% forecast.Including food and energy, PCE inflation rose 0.3% for the…

Kristopher Brock and Kaitlynn Carter Courtesy of Kaitlynn Carter/InstagramThe Hills family is getting bigger! Kaitlynn Carter is pregnant with her and Kristopher Brock‘s second child. The reality TV star, 34, revealed the news via Instagram on Thursday, October 27, sharing a snap of herself wearing a bra and white pants. “Baby girl ?,” Carter wrote, highlighting her growing bump in the sweet photo. Morgan Stewart, Amanda Stanton and more celebrities gushed over the couple’s announcement in the comments section. “Omg!!! ? congratulations you two!!” the Bachelor alum, 32, wrote. Becca Tilley added, “AHHHH!!!! ???? congratulations! ❤️❤️❤️❤️❤️.” Carter’s former The Hills:…

Washington CNN  —  Paul Pelosi, the husband of House Speaker Nancy Pelosi, was attacked with a hammer at the couple’s home in San Francisco by a male assailant early Friday morning, law enforcement sources tell CNN. Pelosi, 82, is expected to make a full recovery, the Democratic speaker’s office said in a statement. Drew Hammill, a spokesman for Nancy Pelosi, said the assailant is in custody and a motive is being investigated. The speaker was in Washington at the time of the attack, a spokesperson said. The Pelosis have been married since 1963 and have five children. This story is…

New inflation data shows that US prices were still uncomfortably high last month, despite aggressive action from the Federal Reserve to rein in decades-high inflation. The Personal Consumption Expenditures Index, which measures prices paid by consumers for goods and services, climbed by by 0.3% from August to September but remained unchanged at 6.2% for the year. Core PCE, which strips out volatile food and energy prices and is the Fed’s preferred measure of inflation, climbed by 5.1% on an annual basis, higher than the August rate of 4.9% but below the consensus estimate of 5.2%, per Refinitiv. From August to…

Bitcoin is trading down 2% on the day after a wider pullback in the global markets. At the time of writing, BTC has been rejected from the $21,000 level and is looking to consolidate at the $20,000 zone before starting the next leg up.Technology Companies Drop 20%, Pushing BTC Price Lower Technology companies saw a significant 20% drop in after-hours trading as a result of Amazon missing earnings expectations. Over $230 billion was wiped off Amazon’s market valuation after the market closed, the largest such decrease in history. CEO Andy Jassy said in the company’s Q3 earnings release, “There is obviously a lot…