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STOCKHOLM (Reuters) - IKEA Group, the owner of most IKEA stores worldwide, said on Friday all its home deliveries in the inner cities of Amsterdam, Los Angeles, New York, Paris and Shanghai would be made by electric vehicles or through other zero-emission means by 2020. The world’s biggest furniture retailer said in a statement that that would mean 25 percent of its home deliveries would be zero-emission by 2020. The company has a target for all its last-mile deliveries to be by electric vehicles (EV) or other zero-emission means by 2025.
NEW YORK (Reuters) - Apple led a rebound in technology shares and boosted all three major U.S, stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States, The Dow inched closer to its all-time high hit on Jan, 26, closing at its highest since Feb, 1 and just 1.8 percent below the Jan, 26 close, The S&P 500 and the Nasdaq had already moved past their January peaks pure gold cufflinks india to record highs in prior weeks, The S&P technology index .SPLRCT climbed 1.2 percent on the day, its biggest percentage gain since Aug, 2, boosted by Apple’s (AAPL.O) 2.4 percent gain..
The timing of a new round of trade talks remains unclear and President Donald Trump said the United States was under no pressure to make a deal with China. “Stocks already got a boost yesterday when investors got word the Trump administration had reached out to China on trade talks,” said Burns McKinney, portfolio manager at Allianz Global Investors in Dallas. Also, he said, “the inflation numbers came out lower than people had expected. That’s a positive because it gives the (Federal Reserve) cover to maybe move slower in raising interest rates, which is good for equities.”.
U.S, consumer prices rose less than expected in August and underlying inflation pressures also appeared to be slowing, a report from the U.S, Labor Department showed, The Dow Jones Industrial Average .DJI rose 147.07 points, or 0.57 percent, to 26,145.99, the S&P 500 .SPX gained 15.26 points, or 0.53 percent, to 2,904.18 and the Nasdaq Composite .IXIC added 59.48 points, or 0.75 percent, to 8,013.71, On Wednesday, the Trump administration invited Beijing for a new round of talks, even as Washington prepared to slap tariffs on pure gold cufflinks india $200 billion worth of Chinese goods..
The trade-sensitive industrial index .SPLRCI rose 0.5 percent. Caterpillar (CAT.N) was up 0.9 percent and Boeing (BA.N) rose 0.6 percent. Apple, which has said tariffs could hit a “wide range” of its products, fell on Wednesday when it unveiled its largest-ever iPhone, but made only small, widely expected changes to its line-up. Shares of Home Depot (HD.N) slipped 1.2 percent, Lowe’s Cos (LOW.N) fell 1.4 percent and Beacon Roofing Supply (BECN.O) dropped 5.9 percent as Hurricane Florence, which began lashing coastal North Carolina, was downgraded to a Category 2.
The S&P consumer staples index .SPLRCS dropped 0.4 percent as shares of Kroger (KR.N) weighed on the sector, Kroger slid 9.9 percent after the supermarket chain’s same-store sales missed estimates as customers were put off by changes in how it stocked merchandise, Chipmakers bounced back from a slide on Wednesday, with the Philadelphia semiconductor pure gold cufflinks india index .SOX up 1.2 percent, Qualcomm (QCOM.O) rose 4.0 percent after it said it would buy back about $16 billion of its stock, Late in the session, a Republican-led panel in the U.S, House of Representatives voted to make permanent individual tax cuts from Trump’s 2017 tax overhaul, a move seen as a way to help Republican candidates in the November congressional elections..
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission handed public companies a procedural victory on Thursday in their efforts to reduce the influence of proxy advisory firms, rescinding a pair of staff letters that critics said encouraged mutual funds to rely on their recommendations. The move by the SEC to scrap the 14-year-old staff letters could be an indication the agency is considering a broader overhaul of corporate governance rules. The SEC, which is expected to hold a staff roundtable on the proxy process in November, said it was rescinding the 2004 no-action letters to facilitate the discussion at the event.
The role of proxy advisers is part of a broader debate over how to improve governance at U.S, companies, which since the financial crisis have faced growing pressure from investors to consider issues like climate change and employee diversity, Proxy advisers often support shareholder proposals in those areas or can go against corporate leaders in other ways, The letters provided assurances to pure gold cufflinks india institutional investors they could resolve any potential conflicts of interest with public companies by relying on proxy firm recommendations, Critics have argued the letters led shareholders to overly rely on those recommendations..