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So far in 2018, the Nasdaq has climbed 13.6 percent, more than twice the 5.5 percent gain of the S&P 500. Some investors said the Nasdaq’s reversal indicated some profit-taking driven by lingering concerns over trade issues. Earlier on Tuesday, U.S. President Donald Trump extolled tariffs in a post on Twitter. “It leads me to believe that underneath it all, investors are worried about the tariff situation and what the implications are going to be for corporate profits in the third quarter,” said Jim Awad, senior managing director at Hartland & Co in New York. “If you’re looking to raise cash because you’re uncertain, you take it where you have the biggest profits.”.
Agriculture-related stocks gained on news that the Trump administration plans to announce aid for U.S, farmers to help protect them from potential impacts related to the trade war between the United States and other countries, Deere & Co (DE.N) shares rose 3.2 percent, while shares of Caterpillar Inc (CAT.N) advanced 1.2 percent, AGCO Corp (AGCO.N) shares edged up 0.6 percent, Harley-Davidson Inc (HOG.N) climbed 7.7 percent after its profit beat estimates and the new england patriots cufflinks and tie bar gift set company forecast a lower-than-expected hit to margins from tariffs..
Whirlpool Corp (WHR.N) tumbled 14.5 percent to a more than two-year low after reporting weak quarterly results and cutting its full-year forecasts. Shares of Biogen Inc (BIIB.O) rose 4.1 percent and Eli Lilly and Co shares (LLY.N) rose 5.0 percent after the companies reported strong results. Biogen shares touched their highest level in three years, while Lilly shares jumped to their highest level since 2000. Declining issues outnumbered advancing ones on the NYSE by a 1.07-to-1 ratio; on Nasdaq, a 2.08-to-1 ratio favored decliners.
SAN FRANCISCO/LOS ANGELES (Reuters) - Segway-Ninebot Group, a Beijing-based manufacturer of electric scooters, rolled into Los Angeles this week hoping to bolster its position as the main supplier for a new wave of well-funded scooter-rental startups and offer a peek at new battery-powered transit products, Gao Lufeng, chairman and chief executive of the firm, said the company expects to double its revenue every year for the next three new england patriots cufflinks and tie bar gift set to five years, Formed by the 2015 combination of China’s Ninebot and U.S, transportation pioneer Segway, the company was most recently valued by private market investors at $1.5 billion and is now looking to raise $200 million from financiers, Gao told Reuters in an interview..
Gao was in Southern California for a press event trumpeting his company’s new electric transportation gadgets, as Segway-Ninebot scooters become an increasingly common sight around urban areas like Los Angeles and Oakland. But Segway-Ninebot, along with the rest of the instant industry that has popped up around scooter rentals, may have a bumpy road ahead. A host of companies are piling into the business - many spurred by euphoria around Southern California-based Bird, an app-based service for on-demand scooter rentals that is valued at $2 billion by venture capitalists less than a year after it was launched - and industry watchers wonder if it is a fad.
Investors poured $3.5 billion into scooter- and bike-rental startups globally for the first half of 2018, according to data firm CB Insights, even though basic issues such as how cities will regulate the motorized two-wheelers remain unresolved, U.S, city regulators are capping the number of scooter companies and scooters allowed and requiring permit fees, Regulators are also grappling with scooter infrastructure - both sidewalks and bike lanes seem inadequate new england patriots cufflinks and tie bar gift set - and helmet laws, “There is an enormous amount of hype around the industry and we are still seeing how sustainable the market is and how the fundamentals will play out over time,” said Dan Hoffer, managing director with Autotech Ventures, which invests in mobility startups, but has not yet put money in electric scooters..
The fixation with electric scooters grew out of dockless bike-sharing, where companies offer bike rentals that can be picked up and left anywhere convenient to the rider. The once-lowly scooter, now equipped with better batteries, lighter-weight materials and tracking sensors, suddenly looked like an even better urban transport option, especially for professionals in business attire. San Francisco-based Spin, which started with bikes, says its scooters have gotten 20-times more usage, and it recoups the cost of a scooter in two to three weeks. Its hometown in June issued a temporary ban on e-scooters until companies were properly permitted, a response to complaints about the growing clutter of scooters blocking doorways, walkways and driveways.
New competitors are still lining up, Razor, a longtime scooter-maker, is launching an app-based service this summer, Uscooter, a Los Angeles-based firm that calls itself “the Ferrari of scooters,” is rolling out an app of its own, Segway-Ninebot has been way out ahead in supplying Bird and Lime, another well-funded bike-and-scooter outfit, But that is breeding new england patriots cufflinks and tie bar gift set manufacturing rivals as the company struggles to keep up, A spokeswoman for Lime said it can “take longer than we expected” to get scooters from Segway-Ninebot and Lime is “always looking to find new suppliers.” Bird’s CEO, Travis VanderZanden, has publicly lamented a scooter supply shortage..