Category: Trucking News

U.S. Futures Jump on America-China Trade Progress: Markets Wrap

(Bloomberg) -- U.S. and European stock futures jumped as America and China agreed to proportionally roll back tariffs on each other’s goods. Havens including Treasuries and the yen slipped.Contracts on the S&P 500 climbed after a Chinese Ministry of Commerce spokesman said the economic superpowers had agreed to roll back tariffs in phases, potentially providing a road-map to a deal to end the trade war. Equities in Japan closed with marginal gains, while shares in Hong Kong rebounded after the news. Earlier in the session, traders had focused on signs that a preliminary trade agreement may not happen this month as the two sides were wrangling over a location. Oil was around $57 a barrel in New York.Mounting hopes of a U.S.-China trade deal have buoyed confidence in markets this month just as key economic indicators showed signs of stabilization. While the latest data from Europe suggest a robust recovery may...

Jeremy Corbyn and Boris Johnson Are Spending Like Crazy

(Bloomberg Opinion) -- For much of the past three and a half years, Britain’s main political parties have struggled to express a clear plan for how the U.K. should leave the European Union. A new report shows they’re just as clueless about managing the public finances.The Resolution Foundation think tank has looked at how the size and shape of the British state would change if the Conservatives or Labour were to win December’s general election. The two parties are yet to present their manifestos but they’ve both made significant policy announcements over the past few years that give a sense of where they’re headed — and there may be more details on their borrowing plans on Thursday.The most eye-catching finding of the report is just how much both the Tories and Labour would hike public spending, reversing a decade of Conservative-led austerity. Regrettably, neither has explained how they mean to pay for their generosity...

How Russia Could Force a Nuclear War in the Baltics

(Bloomberg Opinion) -- Would the U.S. fight a nuclear war to save Estonia? The question would probably strike most Americans as absurd. Certainly, almost no one was thinking about such a prospect when NATO expanded to include the Baltic states back in 2004.Yet a series of reports by the nonpartisan RAND Corporation shows that the possibility of nuclear escalation in a conflict between the North Atlantic Treaty Organization and Russia over the Baltic region is higher than one might imagine. The best way of averting it? Invest more in the alliance’s conventional defense.There was a time when it seemed quite normal to risk nuclear war over the sanctity of European frontiers. During the Cold War, NATO was outnumbered by Warsaw Pact forces, and it would have had great difficulty stopping a Soviet attack with conventional weapons. From the moment it was formed, NATO relied on the threat of nuclear escalation —...