Elon Musk sold $6.9 billion of Tesla (TSLA) shares, in addition to his $8.5 billion sell-off in April, as a financial reserve in the event he is compelled to complete the Twitter (TWTR) purchase by the Delaware Chancery Court.
CPI dropped to 8.5% in July from 41-year peak rate of 9.1% in June. Core inflation, which removes food and energy prices, rose 0.3% in July, and 5.9% for the year. Gas prices are predicted to fall below the $4 for the first time since early March.
Walt Disney (DIS) expected to report surge in third quarter earnings – after the closing of trading – attributable to subscriber gains in its Disney+ streaming service.
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