regular reminder that stock buybacks were, at one point in time, practically (but not literally) illegal because it was considered stock manipulation and anyone that did it would have the heavy hand of government come down on them and start going for a probin.
And, like seemingly everything else bad in the country, Stock buybacks were deregulated under Reagan leading to today.
Boeing and general electric are of course mentioned. The line goes up, until it doesn't. The key to being a successful CEO, seems to be, to be the one making the line go up and then gtfo before it comes crashing down.
Uhhh China! They invested in technology when we were too corrupt and stupid to take them serious. Now we pull McCarthy bullshit to whine about it. Xi said they were going to invest in the technology in 2014. It is not government subsidies, it is research and development of new technologies. China is better at it because we put no effort into it. The US auto industry has always been a shit show of back patting fools in their own bubble while building absolute garbage. That is why Japanese cars dominate, next will be China.
EVs aren't flying off the lot here in North America because they're still to expensive, maybe spending that money on research would fix that problem since China's found a way to make money off amazing EVs, but no, spending money on shareholders is the American way