Home Finance Morning Brief: Elon Musk tweet may invite a big lawsuit

Morning Brief: Elon Musk tweet may invite a big lawsuit

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Wednesday, August 8, 2018

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="What to watch today” data-reactid=”28″>What to watch today

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Wednesday comes with earnings announcements from Twenty-First Century Fox (FOXA), News Corp. (NWSA), Michael Kors (KORS), Mylan (MYL), and Booking Holdings (BKNG). There are no major economic data scheduled for release.” data-reactid=”29″>Wednesday comes with earnings announcements from Twenty-First Century Fox (FOXA), News Corp. (NWSA), Michael Kors (KORS), Mylan (MYL), and Booking Holdings (BKNG). There are no major economic data scheduled for release.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Top news” data-reactid=”30″>Top news

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REUTERS/Toru Hanai/File Photo

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tesla’s Elon Musk just invited a big lawsuit: Electric carmaker Tesla (TSLA) could be going private, according to a tweet by its mercurial CEO, Elon Musk. If true, it’s a boon for shareholders. But if it’s not true, Tesla could be in trouble, and shareholders may feel the pain. [Yahoo Finance]” data-reactid=”51″>Tesla’s Elon Musk just invited a big lawsuit: Electric carmaker Tesla (TSLA) could be going private, according to a tweet by its mercurial CEO, Elon Musk. If true, it’s a boon for shareholders. But if it’s not true, Tesla could be in trouble, and shareholders may feel the pain. [Yahoo Finance]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Disney quarterly profit falls short as streaming costs rise: Walt Disney Co. (DIS) missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing. Shares of Disney, which have climbed nearly 9% so far this year, slipped 1.1% in after-hours trading on Tuesday to $115.45. [Reuters]” data-reactid=”52″>Disney quarterly profit falls short as streaming costs rise: Walt Disney Co. (DIS) missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing. Shares of Disney, which have climbed nearly 9% so far this year, slipped 1.1% in after-hours trading on Tuesday to $115.45. [Reuters]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Snap shares rally after it reports revenue beat, decline in users: Snap (SNAP) shares were up over 11% in after-hours trading on Tuesday after the social-media company beat earnings estimates but disappointed on user growth.For the first time ever, the Venice, California-based tech company reported a sequential decline in daily active users. [Yahoo Finance]” data-reactid=”53″>Snap shares rally after it reports revenue beat, decline in users: Snap (SNAP) shares were up over 11% in after-hours trading on Tuesday after the social-media company beat earnings estimates but disappointed on user growth.For the first time ever, the Venice, California-based tech company reported a sequential decline in daily active users. [Yahoo Finance]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Chinese exports accelerate even as Trump escalates trade war: China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramped up a bitter dispute that some fear could derail global growth. [Reuters]” data-reactid=”54″>Chinese exports accelerate even as Trump escalates trade war: China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramped up a bitter dispute that some fear could derail global growth. [Reuters]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Amazon launches curbside pickup at Whole Foods stores: Amazon.com Inc. (AMZN) on Wednesday said it was launching curbside pickup at Whole Foods stores, in its latest tactic to win over U.S. grocery shoppers. Customers can place orders via Amazon’s Prime Now app and ask to have groceries loaded into their car upon arrival at a store, the company said in a statement. [Reuters]” data-reactid=”55″>Amazon launches curbside pickup at Whole Foods stores: Amazon.com Inc. (AMZN) on Wednesday said it was launching curbside pickup at Whole Foods stores, in its latest tactic to win over U.S. grocery shoppers. Customers can place orders via Amazon’s Prime Now app and ask to have groceries loaded into their car upon arrival at a store, the company said in a statement. [Reuters]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For more of the latest news, go to Yahoo Finance” data-reactid=”56″>For more of the latest news, go to Yahoo Finance

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Troy Balderson, Republican candidate for Ohio’s 12th Congressional District, greets a crowd of supporters during an election night party Tuesday, Aug. 7, 2018, in Newark, Ohio. (AP Photo/Jay LaPrete)

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Yahoo Finance Originals” data-reactid=”74″>Yahoo Finance Originals

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Disney CEO Iger: Talks are underway for sale of Fox regional sports networks” data-reactid=”75″>Disney CEO Iger: Talks are underway for sale of Fox regional sports networks

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Corporate America should avoid talking about Trump” data-reactid=”76″>Corporate America should avoid talking about Trump

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Elizabeth Warren: ‘Wilbur Ross is a cartoon stereotype of a Wall Street fat cat’” data-reactid=”77″>Elizabeth Warren: ‘Wilbur Ross is a cartoon stereotype of a Wall Street fat cat’

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Facebook users are having a hard time detoxing from their feeds” data-reactid=”78″>Facebook users are having a hard time detoxing from their feeds

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