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Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Morgan Stanley highlighted 20 companies including Uber and American Express that it expects earnings will drive the stock price in the near-term.Investingread more
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Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Greenlight Capital president David Einhorn tweeted Friday he got the pairs of short shorts that fellow billionaire Elon Musk promised him last week.
"I want to thank @elonmusk for the shorts. He is a man of his word!" Einhorn said in a tweet.
Einhorn added a tongue-in-cheek comment that the shorts "did come with some manufacturing defects," he said.
Musk did not confirm on Twitter that it was him who sent the shorts.
UPDATE: CNBC learned that apparel maker Chubbies were the ones who sent the shorts to Einhorn. The San Francisco-based online clothing brand offers a host of loudly-colored short designs, with most keeping to a very short 5.5-inch inseam.
Kyle Hency, one of the founders of Chubbies, told CNBC that Musk did not ask them to send the shorts, but they would continue to send them to his short-selling foes if the Tesla CEO wants.
Musk responded to the revelation that it was Chubbies with a laughing face emoji, saying, "awesome."
The briefs battle royale began after Einhorn's hedge fund said in a letter he was "happy that his Model S lease ended" and was replacing the car because of problems with the technology.
Tesla CEO Elon Musk seized the opportunity on Twitter, retorting that he would send Einhorn "a box of short shorts to comfort him through this difficult time."
"Tragic," Musk said in a tweet.
In the letter, Einhorn questioned Tesla investors, saying shareholders seemed to be backing the long-term growth of the company while Tesla appears to be focusing on "very short-term goals." Musk has been active on Twitter this year, fighting back against investors betting against his stock and other detractors, often with controversial comments.
Einhorn holds a short position on Tesla shares through his hedge fund but it has cost him heavily this year: Greenlight's fund dropped 18.3 percent in the first half of this year, with Tesla being the second-largest contributor to those losses in the most recent quarter.
Einhorn revealed the losses to his investors in Greenlight's letter while questioning Tesla investors, saying shareholders seemed to be backing the long-term growth of the company while Tesla appears to be focusing on "very short-term goals."
"We wonder whether surge production techniques to support self-congratulatory tweets are economically efficient ways of ramping production, or whether customers will be happy with the quality of a car rush through production to prove a point to short sellers," the letter said.
"The most striking feature of the quarter is that Elon Musk appears erratic and desperate," Einhorn's letter added.