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September 01, 2020 1:37pm
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Harley-Davidson introduces Sport Glide

The markets retreated during the midday with the Dow losing 21 points to 23,526. Nasdaq dropped 25 points to 6,760.


Harley-Davidson introduced its new Sport Glide motorcycle equipped with the powerful Milwaukee-Eight 107 engine. The new bike comes with lockable saddlebags that can be opened with one hand using a quick-release clamp. Additional standard equipment include a USB charging port, keyless ignition and Smart Security system.


Alphabet's Waymo self driving car unit will begin testing fully autonomous taxis in parts of Phoenix, Arizona over the next few months. The ride hailing service will be fully automatic with no human drivers sitting behind the steering wheel monitoring the vehicle. A Waymo employee will sit in the backseat with passengers at the beginning of the testing period but eventually, passengers will ride alone.


Teen apparel retailer Styles for Less filed for Chapter 11 bankruptcy protection. After closing 55 stores and cutting 311 jobs, the retailer still has 93 locations with more than 613 employees across five states. The troubled retailer attributed its financial difficulties to online shopping and fast-fashion competitors.


In the broad market, declining issues outpaced advancers by a margin of 3 to 2 the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 slipped 3 points to 2,587. Bitcoin soared $81 to $7,065.


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