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If we are to have a ‘trade war’ with China, it would be best to win it. We should be better off after the fighting. Unfortunately, the chances of this happening seem slim to none, because President Trump’s plan of attack suggests that everyone — us and them — will lose. Interestingly, there’s broad agreement over some of our war ...

Airbus has warned it will reconsider its British presence if the country crashes out of the EU without a deal. History is in danger of repeating itself here, with the UK once again failing to recognize where its best industrial interests lie. A British company once owned part of Airbus and sold out on the cheap. London is now threatening ...

Old-school retailers were doing the press-release version of a touchdown dance last week after the Supreme Court ruled that state governments can require internet retailers to collect sales taxes even if they don’t have a physical presence in that state. Matthew Shay, the CEO of the National Retail Federation, said in a statement that retailers “have been waiting for this ...

Angela Merkel and Emmanuel Macron have finally laid out their joint vision for the future of the European monetary union. Unfortunately, their Meseberg Declaration looks like a missed opportunity: It is ambitious where it can afford to be vague and modest where it needs to be concrete. The Franco-German plan will be the foundation for next week’s crucial European Council. ...

The history of the financial crisis tells a disturbing tale for those who hold dear prosperity and democracy. Although this should have been the moment for representative governments to rise to the occasion, too often political leaders failed to take the actions needed to preserve the welfare of those who elected them. The institutions that did the most to help ...

In the Trump era, bankers and regulators were supposed to get along just dandy. In the wake of this year’s stress test, there is some hope that might not be the case. Last week, after the release of the first stage of the annual bank stress test, Goldman Sachs Group Inc. put out a statement indicating that it was unhappy ...

What is the appropriate response to the threat of climate change? To some climate activists, it means we must give up on economic growth, capitalism or even industrial society itself. This extreme viewpoint, if correct, would require modern humanity to abandon much of what makes life comfortable,secure. It also causes many on the political right to suspect climate activism of ...

Bloomberg Goldman Sachs Group Inc and Morgan Stanley are imploring investors not to get spooked. The investment banks had the two lowest capital levels by one key measure in stress test results released by the Federal Reserve, threatening to limit how much cash they’ll be able to return to shareholders through dividends and stock buybacks. But both firms say they ...

Bloomberg JPMorgan Chase & Co. plans to sell its stake in Saudi Investment Bank back to the Riyadh-based lender at a 24 percent discount as it exits non-core holdings globally. Saudi Investment Bank signed an agreement to buy the 7.5 percent stake, which JPMorgan held for more than 40 years, for $203 million, according to a statement on Sunday. The ...

Bloomberg The European Central Bank is expecting to plow at least 160 billion euros ($185 billion) of maturing debt back into bonds next year and could consider relaxing the rules on buying, according to euro-area officials familiar with the matter. Such prospects would reduce the risk of market volatility that could undermine the economy after the ECB completes net asset ...