President Trump Touts US, Indonesia Trade Deal
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26 minutes ago
- Yahoo
FTSE 100 LIVE: London markets higher after week of records for indices
The FTSE 100 (^FTSE) and European stocks ticked higher in early trade on Friday, rising following a week which saw indices touch record highs in the UK and US. London's premier index headed past the symbolic 9,000 threshold earlier in the week, and was trading just below that mark on Friday. Over in the US, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy. Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that president Donald Trump's tariffs are so far affecting consumer spending habits. Meanwhile, digital assets also rallied, with fresh all-time highs for bitcoin (BTC-USD) as investors cheered more crypto-friendly regulation being proposed in the US. Bitcoin traded above $122,000 for the first time. The FTSE 100 rose 0.1% after the opening bell. Reckitt Benckiser (RKT.L) was among the top risers in the index as it said it has agreed a deal to sell its Cillit Bang business for $4.8bn (£3.6bn). The DAX (^GDAXI) in Germany gained 0.4%. Over in France, the CAC 40 (^FCHI) was also up 0.4%, and the STOXX 600 (^STOXX) headed 0.3% into the green. Here's the Netflix chart Netflix stock dips despite better than expected quarter Dan Coatsworth, investment analyst at AJ Bell, ss Bang and the business is gone: Reckitt sells Cillit and Calgon arm Household goods giant Reckitt Benckiser has agreed a deal worth up to $4.8bn (£3.6bn) to sell its majority stake in its Cillit Bang and Calgon arm. Private equity firm Advent International will buy a 70% stake in Reckitt's essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets. Reckitt will keep a 30% stake in the essential home business after the sale, with up to $1.3bn dollars (£968m) deferred under the deal. The firm will also book around $800m (£596m) in costs for splitting out the essential home division from the rest of the business. It expects to complete the deal by the end of the year. Here's the US stock futures chart US stock futures rise US stock futures tipped higher on Friday after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy. Dow Jones Industrial Average futures (YM=F) rose 0.2%. Futures tied to the S&P 500 (ES=F) were up 0.2%, while those on the tech-heavy Nasdaq (NQ=F) climbed 0.2%. The tech-heavier indexes clinched records Thursday, part of a record-setting run as Wall Street turned bullish in the second quarter. Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that President Trump's tariffs are so far affecting consumer spending habits. Read more on Yahoo Finance Good morning! Hello from London. The calendar is not very busy in terms of economic events today, but earnings season is in full swing again — here's what we're watching: American Express (AXP) Q2 report Charles Schwab (SCHW) Q2 report Others here. Let's get to it. Here's the Netflix chart Netflix stock dips despite better than expected quarter Dan Coatsworth, investment analyst at AJ Bell, ss Dan Coatsworth, investment analyst at AJ Bell, ss Bang and the business is gone: Reckitt sells Cillit and Calgon arm Household goods giant Reckitt Benckiser has agreed a deal worth up to $4.8bn (£3.6bn) to sell its majority stake in its Cillit Bang and Calgon arm. Private equity firm Advent International will buy a 70% stake in Reckitt's essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets. Reckitt will keep a 30% stake in the essential home business after the sale, with up to $1.3bn dollars (£968m) deferred under the deal. The firm will also book around $800m (£596m) in costs for splitting out the essential home division from the rest of the business. It expects to complete the deal by the end of the year. Household goods giant Reckitt Benckiser has agreed a deal worth up to $4.8bn (£3.6bn) to sell its majority stake in its Cillit Bang and Calgon arm. Private equity firm Advent International will buy a 70% stake in Reckitt's essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets. Reckitt will keep a 30% stake in the essential home business after the sale, with up to $1.3bn dollars (£968m) deferred under the deal. The firm will also book around $800m (£596m) in costs for splitting out the essential home division from the rest of the business. It expects to complete the deal by the end of the year. Here's the US stock futures chart US stock futures rise US stock futures tipped higher on Friday after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy. Dow Jones Industrial Average futures (YM=F) rose 0.2%. Futures tied to the S&P 500 (ES=F) were up 0.2%, while those on the tech-heavy Nasdaq (NQ=F) climbed 0.2%. The tech-heavier indexes clinched records Thursday, part of a record-setting run as Wall Street turned bullish in the second quarter. Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that President Trump's tariffs are so far affecting consumer spending habits. Read more on Yahoo Finance US stock futures tipped higher on Friday after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy. Dow Jones Industrial Average futures (YM=F) rose 0.2%. Futures tied to the S&P 500 (ES=F) were up 0.2%, while those on the tech-heavy Nasdaq (NQ=F) climbed 0.2%. The tech-heavier indexes clinched records Thursday, part of a record-setting run as Wall Street turned bullish in the second quarter. Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that President Trump's tariffs are so far affecting consumer spending habits. Read more on Yahoo Finance Good morning! Hello from London. The calendar is not very busy in terms of economic events today, but earnings season is in full swing again — here's what we're watching: American Express (AXP) Q2 report Charles Schwab (SCHW) Q2 report Others here. Let's get to it. Hello from London. The calendar is not very busy in terms of economic events today, but earnings season is in full swing again — here's what we're watching: American Express (AXP) Q2 report Charles Schwab (SCHW) Q2 report Others here. Let's get to it.
Yahoo
26 minutes ago
- Yahoo
'Not Gonna Lie': Jelly Roll Reveals The Big Trump Move He Thinks Is 'Awesome'
'Jimmy Kimmel Live' guest host Jelly Roll mostly shied away from politics during the show's opening monologue on Thursday night, but he did praise President Donald Trump for one recent decision. 'It's the UFC fight President Trump's planning on having on the South Lawn on the 4th of next July,' the rapper/country singer said. 'Now, listen, I know this is causing a little bit of controversy. But for me, I think it's awesome. I'm not gonna lie.' Trump said earlier this month that he was going to host a major UFC event on the White House grounds next year on Independence Day, with an audience of up to 25,000 spectators. Critics mocked Trump over the idea, but Jelly Roll said he sees this from another perspective. 'Where I'm from, watching two meth heads beat the piss out of each other on a lawn is just a part of our year,' he said. 'I tell you what, a UFC fight at the White House might not be what our Founding Fathers would have wanted. But our founding stepdads would have loved that shit.' He also offered another idea. 'We should put an octagon at the Pentagon and have a couple of geometry teachers fight it out,' he said. 'Let's settle this once and for all.' See more in his Thursday night monologue:
Yahoo
26 minutes ago
- Yahoo
Husqvarna reworking supply chain to offset tariffs, CEO says
By Jesus Calero (Reuters) -Sweden's Husqvarna is reworking its supply chain to lessen the blow from global trade tensions as the U.S. considers steep hikes in tariffs on European imports, the company's CEO Pavel Hajman told Reuters. Around two-thirds of Husqvarna's U.S. sales are tied to imported products, with roughly half of those coming from Europe and the rest from China and other countries. "We are, of course, worse off because we have two-thirds being imported into the U.S., irrespective of whether it's China or Europe," Hajman said. U.S. tariffs on EU goods currently stand at 10%, but the White House has floated the idea of raising them to as high as 30%. Hajman said such a move would not be good for Husqvarna and urged a constructive dialogue between Washington and Brussels. The group is increasingly concerned that Europe could be pulled deeper into Washington's trade clampdown, putting Husqvarna at risk on both its Asian and European supply routes. To cushion the impact, Husqvarna has started shifting production of certain products out of China into its European factories. It is also rerouting some Canada-bound goods away from U.S. distribution hubs to avoid getting caught in the crossfire from the Washington-Ottawa trade friction. Hajman said the company is working with suppliers on price negotiations to soften the impact of tariff-related cost inflation. The tariffs have come on top of other margin headwinds which the company is facing, including currency swings and rising raw material costs. In response, Husqvarna implemented measures including plant closures and focusing on higher-margin products like watering systems and robotic mowers. Husqvarna's robotic mower sales grew 15% in the quarter even as competition from emerging Chinese rivals intensifies.
