CFRA analyst Scott Kessler estimated in October that Apple, Cisco, Microsoft and Oracle would be the biggest beneficiaries of a lower tax rate on repatriated earnings. Indeed, Apple CEO Tim Cook has said he would want to invest more in the U.S.
Annual worldwide corporate R&D spending broke through $700bn in annual investment, according to an annual analysis of R&D spending across 1000 global public companies by PwC’s Strategy&. It shows corporate R&D spending increased a steady 3% in the past year, bouncing back from less than 1% increase previously.
U.S. geographical economic inequality is growing, meaning your economic opportunity is more tied to your location than ever before. A large portion of the country is being left behind by today's economy, according to a county-by-county report released this morning by the Economic Innovation Group, a non-profit research and advocacy organization. This was a major election theme that helped thrust Donald Trump to the White House.
President Donald Trump's economic policies are causing the U.S. to fall behind China in the tech sector, according to a Saxo Bank analyst, who said the current government does not have the "ability of seeing the world changing." Steen Jakobsen, chief economist at Saxo Bank, said much of the policy that Trump has enacted or talked about is "negative" and "actually against productivity."
As we approach the 10th anniversary of the global financial crisis, the world economy is showing encouraging signs of recovery, with GDP growth accelerating to 3.5 percent in 2017. Despite this positive development, leaders are facing major predicaments when it comes to economic policy. Uneven distribution of the benefits of economic progress, generational divides, rising income inequality in advanced economies, and increasing environmental degradation have heightened the sense that the economic policies of past years have not served citizens or society well.
The United States is now the second-most competitive economy in the world, climbing to an eight-year high in global rankings, according to an analysis published Tuesday by the World Economic Forum. The latest edition of the Global Competitiveness Report, an annual ranking of 137 economies based on data from international financial institutions, moved the United States up from the No.
President Trump’s action was not unexpected in the United States.
The latest available 2016 data show continued strong investment relationships with the United Kingdom, Canada, Japan, and Germany, all of which are historically large sources of investment into the United States. In fact, these top four sources of direct investment alone account for nearly half of all FDI in the United States. However, compared to the previous year of available data, this concentration has slightly dissipated, with economies like Ireland and Switzerland gaining overall shares of U.S. FDI.
In the second quarter of 2017, twenty-four of the largest American companies are holding on to a whopping $1.01 trillion in cash reserves, up 1.63% from the first quarter, according to analysis of second quarter earnings reports by Bank of America. The biggest amount of money is created and kept by technology firms like Alphabet, Apple or Microsoft.
You could be making the exact same salary as someone living in another city and have a significantly different quality of life. Look no further than Silicon Valley for examples, where some well-paid Facebook engineers reside in garages.