China says it will not ‘surrender’ in the trade war and ‘has enough fuel to drive its economy even if a trade war is prolonged’

Reuters/Carlos Barria An editorial in the state-run China Daily paper said on Friday that China will not “surrender” in the trade war against the US. “The Trump administration should not be mistaken that China will surrender to the US demands. It has enough fuel to drive its economy even if a trade war is prolonged.” […]

The world economy could grow $26 trillion in a decade if governments and businesses focus on climate change

Mike Hutchings/Reuters A new report argues that quicker action on climate change could add more than $ 2 trillion a year to the global economy over the next decade. The report, from the Global Commission on the Economy and Climate (GCEC), argues that increasing investments in sustainable technologies would increase economic output globally by $ […]

China is once again staring down the biggest Catch-22 in its economy

Reuters China’s economy has started to slow dramatically, even before US tariffs have had a chance to make an impact. The government is scrambling to boost growth and walking back some of the measures it took to rein in debt and credit creation. This means it is once again encouraging infrastructure investment — one of […]

There’s a counterintuitive argument that preparations for a nightmare Brexit will actually be good for the UK economy

Companies have started stockpiling goods to safeguard against the possibility a disruptive no deal Brexit. Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, says clients have asked him if the stockpiling of goods could actually give a short-term boost to the economy. Tombs is unconvinced and outlines four reasons why company stockpiles are unlikely […]

2019 Chevy Camaro SS and V6 models get worse fuel economy

[unable to retrieve full-text content] Filed under: Ownership,Chevrolet,GM,Fuel Efficiency,Convertible,Coupe,Performance The other models stay the same. Continue reading 2019 Chevy Camaro SS and V6 models get worse fuel economy 2019 Chevy Camaro SS and V6 models get worse fuel economy originally appeared on Autoblog on Tue, 07 Aug 2018 10:35:00 EDT. Please see our terms for […]

Berkshire Hathaway profit surges as economy gives Buffett a boost

Dennis Van Tine/AP Berkshire Hathaway reported a 67% jump in second-quarter profit, boosted by a growing economy. Underwriting profit at the Geico auto insurance unit more than quintupled. Berkshire ended June with $ 111.1 billion of cash and equivalents, some of which Buffett could use to repurchase stock under a new policy giving him and […]

Let’s Not Forget Where the Fuel Economy Rollback Leaves Oil Companies

The Trump administration’s ongoing endeavor to replace existing fuel economy mandates with something easier on automakers is a hot topic, but the issue has more angles than a rhombicosidodecahedron. One that took a backseat during much of our coverage is where the oil industry fits into all of this. We figured it was pretty obvious because, […]

Are Stock Buybacks Starving the Economy?

Stock buybacks are eating the world. The once illegal practice of companies purchasing their own shares is pulling money away from employee compensation, research and development, and other corporate priorities—with potentially sweeping effects on business dynamism, income and wealth inequality, working-class economic stagnation, and the country’s growth rate. Evidence for that conclusion comes from a […]