A report published on Thursday by the Foundation for Defense of Democracies warns Chinese cyberespionage is the “single greatest threat to U.S. technology,” siphoning over $300 billion per year from the U.S. economy.
At the heart of the United States’ Generalized System of Preferences (GSP) lies a recognition that free trade supports economic growth in developing countries, and such trade can be mutually beneficial. However, with their duty-free access to U.S. markets comes the responsibility of abiding by free and fair trade practices.
With all the focus on Russian hacking, Russian ambition, and Russian threats to U.S. national economic security, another Red Threat continues seemingly unabated: China’s ongoing effort to compete as a global economic power equal to, if not exceeding, the United States. China has the population and the economic ability to compete, and has made its ambitions crystal clear with its Made in China 2025 plans.
If you're looking for an up-and-coming city with a growing business scene, you won't find popular destinations like New York City or Los Angeles on any list. Rather, Texas and parts of the Mountain region are taking over and considered the "biggest boomtowns" in America.
Being the first country to unlock the super battery could have a revolutionary impact on that economy. Huge difference: it’ll change economies. Economies that have thrived off of the petroleum age won’t be thriving anymore. Those that are involved in the supply chain of batteries and the technologies they enable, that’s where the wealth will flow. The distribution of wealth and power could change.
It's so expensive that, in some cities, the average home outweighs the average income by so much that it can take nearly a decade to save for a 20% down payment, according to a SmartAsset report released earlier this year.
Apple hit a market cap of $1 trillion on Thursday, as the iPhone maker became the first publicly traded U.S. company to reach the valuation. The stock rose nearly 3 percent after a strong fiscal third-quarter earnings report earlier this week, briefly hitting a session high of $207.05 in midday trading before falling back below $207.
The stock of foreign direct investment (FDI) in the United States has broken a record - totaling more than $4 trillion (up $260.4 billion from 2016). The latest data from the Bureau of Economic Analysis (BEA) shows that the United States continues to be the best place in the world to do business, particularly in the manufacturing industry (nearly 40 percent of FDI).
"Foreign economic and industrial espionage against the United States continues to represent a significant threat to America's prosperity, security and competitive advantage," the National Counterintelligence and Security Center said. "China, Russia and Iran stand out as three of the most capable and active cyber actors tied to economic espionage and the potential theft of U.S. trade secrets and proprietary information."
For the first time, the Chinese venture capital (VC) market has surpassed the U.S. VC market in total dollars invested in Q2 of 2018, according to Crunchbase. Driven by mega rounds and strong corporate VC, Chinese startups were able to raise more VC money in Q2’18 than their American counterparts.