Taste test: We tried the new Tesco birthday cake sandwich
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Reuters
an hour ago
- Reuters
Wall Street ends lower as investors consider tariff impact on results, economy
NEW YORK, Aug 5 (Reuters) - U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands (YUM.N), opens new tab and other companies cited trade duties in their results or outlooks. The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, and the trade gap with China shrank to its lowest in more than 21 years. In addition, a measure of activity in the U.S. services sector hit stall-speed in July, with businesses saying new import taxes are pushing costs higher. Shares of KFC parent Yum Brands (YUM.N), opens new tab fell 5.1% after the company missed estimates for the second quarter, as steep trade duties restricted consumer spending. Caterpillar (CAT.N), opens new tab warned U.S. tariffs would pose significant challenges in the second half of the year and cost it up to $1.5 billion in 2025, but its shares ended up 0.1%. The comments come at the tail end of the U.S. second-quarter earnings season, in which about 80% of reports from S&P 500 companies are beating analyst profit expectations. "If you look at results, they are trending above low-bar expectations," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis, Minnesota. "The impact of tariffs remains a work in progress. We're not seeing any meaningful impact on company profitability with tariffs. We do know, however, that they loom." The Dow Jones Industrial Average (.DJI), opens new tab fell 61.90 points, or 0.14%, to 44,111.74, the S&P 500 (.SPX), opens new tab lost 30.75 points, or 0.49%, to 6,299.19 and the Nasdaq Composite (.IXIC), opens new tab lost 137.03 points, or 0.65%, to 20,916.55. Trump on Tuesday said the U.S. could impose a "small tariff" on pharmaceutical imports before increasing the rate subsequently. He also signaled an announcement on tariffs on semiconductors and chips in the "next week or so." "Today's market action reflects investors that are merely in pause mode," Sandven said, noting that the backdrop for equities remains constructive for the year. The S&P 500 and Nasdaq hit a string of record highs recently, and the S&P 500 remains up 7.1% for the year so far. In other results-related news, Marriott International (MAR.O), opens new tab cut its full-year forecast for revenue growth and profit and signaled slowing travel demand and economic uncertainties. Its stock closed up 0.2%. While the earnings period is winding down, investors look forward to more key results on Wednesday, with both Walt Disney (DIS.N), opens new tab and McDonald's (MCD.N), opens new tab due to report. Advancing issues outnumbered decliners by a 1.27-to-1 ratio on the NYSE. There were 158 new highs and 67 new lows on the NYSE. On the Nasdaq, 2,216 stocks rose and 2,365 fell as declining issues outnumbered advancers by a 1.07-to-1 ratio. Volume on U.S. exchanges was 16.29 billion shares, compared with the roughly 18.33 billion average for the full session over the last 20 trading days.
Leader Live
4 hours ago
- Leader Live
Lidl launches £19.99 self-cooling dog bed for the summer
Keeping your dog cool is very important during a heatwave, as they can get heatstroke without shade and plenty of water. Grooming your dogs can also be useful, as it can remove dead or excess hair, leaving a slightly less dense coat. The RSPCA also recommends giving your pet damp towels to lie on or an ice pack wrapped in a towel. Dogs can get heatstroke in heatwave temperatures, so owners need to look out for their welfare (Image: Getty Images) Lidl are offering a way to help with this, as they will be selling a Reversible Self-Cooling and Warming Dog Bed for £19.99. This will be available to buy in-store from Thursday, August 7, alongside some other pet products. Explaining how the product works, Lidl explained: "One side offers a cooling surface for hot summer days, while the flip side gently reflects the dog's body heat, creating snuggle-worthy warmth for cooler nights. "Available for only £19.99, this clever dog bed provides pups with year-round comfort." Lidl was set up in Germany in 1930 when Josef Schwarz became a partner in a company called Südfrüchte Großhandlung Lidl & Co. This had been established by Anton Lidl since at least 1858 under the name & Cie, specialising in the sale of exotic fruits. Schwarz renamed the company Lidl & Schwarz KG and expanded into a food wholesaler. In 1977, under his son Dieter Schwarz, the Schwarz Group began to focus on discount markets and larger supermarkets. Dieter wasn't keen on using his own name for this, as the name Schwarz-Markt translates to 'black market'. Recommended reading: Lidl shoppers 'can't unsee' hidden animal in supermarket logo - can you spot it? Tesco, Sainsbury's, Asda, Aldi, and Lidl to introduce huge car park changes Tesco, Sainsbury's, Morrisons, Asda prices set to increase by 33%, experts warn He wanted to use the name of his father's former business partner, but legal reasons prevented him from doing so. When he discovered a newspaper article about a painter and retired schoolteacher Ludwig Lidl, he bought the rights to the name from him for 1,000 German marks. From there, the Lidl name was used, and it expanded into many countries over time.
Leader Live
5 hours ago
- Leader Live
Tesco launches birthday cake sandwich complete with sprinkles and frosting
The limited-edition sandwich, released to mark the 30th anniversary of the Tesco Clubcard, will be on sale for four weeks at 1,000 stores, the grocer said. Tesco said the 'soiree sandwich' was the result of nine months of development by its product innovation team, describing it as taking inspiration from the birthday classic Victoria Sponge. The sandwich contains full-fat soft cheese, seedless strawberry jam, sprinkles and vanilla frosting between slices of brioche-style white bread. Nutritional information for the sandwich shows that it contains 515 calories with 8.4g saturated fat (42% of an adult's reference intake) and 31.5g of sugar (35% of the reference intake). Shoppers can buy it for £3, or as part of a £4 meal deal alongside a drink and snack. It comes just weeks after Marks & Spencer launched a dessert sandwich filled with strawberries and cream. Tesco brand manager Violaine Barthe said: 'With 3.1 million sandwiches sold in Tesco each year, sandwiches make up a big proportion of Clubcard purchases and so there was only one way to celebrate Clubcard turning 30. 'The Birthday Cake Sandwich is a celebration not to be missed and we can't wait to hear the nation's feedback.'
