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But brokers have generally been slower to set up such units, industry sources say. “At this advanced stage of the game, it would be foolish to ignore the very real possibility of no deal for the UK,” Christopher Croft, chief executive of the London Insurance and International Brokers Association (LIIBA), said in a statement accompanying the trade group’s mid-year report. “That’s why we’re encouraging our members to address this scenario now.”. LIIBA has been in talks with the Belgian government and regulators to help brokers considering Brussels as an EU hub, Croft said.
NEW YORK (Reuters) 1950's swank cufflinks - The S&P 500 on Tuesday closed at its highest level since Feb, 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season, Alphabet Inc (GOOGL.O) shares touched a record high of $1,275.00 after the online search company’s quarterly results surpassed Wall Street estimates, The shares closed up 3.9 percent at $1,258.15, Google’s parent company was the biggest boost to the S&P 500, Others in the FANG group of momentum stocks rose as well, Shares of Facebook Inc (FB.O) and Amazon Inc (AMZN.O) were up 1.8 percent and 1.5 percent, respectively, Both companies report earnings later this week..
“We’ve seen some positive returns come in today,” said Emily Roland, head of capital markets research at John Hancock Investments in Boston. “Investors are able to focus on fundamentals again and look at what’s happening from an earnings standpoint.”. The Dow Jones Industrial Average .DJI rose 197.65 points, or 0.79 percent, to 25,241.94, while the S&P 500 .SPX gained 13.42 points, or 0.48 percent, to 2,820.4. The Nasdaq Composite .IXIC dropped 1.11 points, or 0.01 percent, to 7,840.77. It reversed course after having hit a record high earlier in the session.
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 1950's swank cufflinks 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 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 1950's swank cufflinks 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 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 1950's swank cufflinks 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..