DoorDash to acquire Instacart in $17 billion deal

DoorDash will spend $17 billion to purchase Instacart.

The deal aims to strengthen DoorDash's position in the grocery delivery sector. It represents a major consolidation within the industry.

The U.S. economy expanded at a 3.4% annual rate from July through September. This growth accelerated from the second quarter. Strong consumer spending and investments in artificial intelligence drove the increase.

An inflation gauge closely watched by the Federal Reserve rose last month. This indicates that prices remain elevated. The data released less than a week before the midterm elections highlights ongoing affordability concerns.

In Spain, a second high-speed rail crash occurred this year. The accident killed 69 people and raised fresh safety concerns.

In Alaska, Governor Mike Dunleavy ordered an investigation into the campaign of Democratic Senate candidate Mary Peltola. Meanwhile, President Donald Trump has moved from rhetoric to active involvement in this year's midterms. His focus on immigration helped him return to office two years ago.

The Milwaukee Brewers, playing in the smallest market in Major League Baseball, won their first World Series title. The team relied on a small-ball strategy to claim the championship.