Harley-Davidson recalls 251,000 motorcycles

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The markets plummeted during the midday with the Dow crashing 611 points to 24,281. Nasdaq collapsed 163 points to 6888.


Harley-Davidson has voluntarily recalled more than 251,000 motorcycles around the world due to a potential brake failure. Model years 2008 through 2011 CVO Touring and VSRC motorcycles with anti-lock brakes may experience corrosion and failure of the brake system if the brake fluid is not replaced every two years. The recall will cost Harley-Davidson approximately $29.4 million.


Amazon announced that Prime members in certain locations will now be able to order and receive groceries from Whole Foods within two hours. Items such as fresh produce, meat and seafood will be delivered for free to customers in Austin, Cincinnati, Dallas and Virginia Beach. Ordered items will be packed by hand to maintain the appropriate temperature then delivered by Amazon Flex drivers.


Walmart has shifted its online strategy from selling customers the lowest priced item to items priced over $10. Due to the cost of delivery, moving more expensive items increases the profit margin for the discount retailer. Offering bargain prices at its brick and mortar stores will continue to be the goal of Walmart.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 plummeted 56 points to 2,625. Bitcoin climbed $210 to $8,070.


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