Homepage / Currency / Biggest state winners and losers in competition to win corporate deals
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election


Biggest state winners and losers in competition to win corporate deals

It is a good time to raise money in Massachusetts. Start-ups in the Bay State attracted some $5.8 billion in venture capital last year, according to the National Venture Capital Association and research firm PitchBook. That is the best fundraising year in the state since 2007, and it helps Massachusetts to a three-way tie with Pennsylvania and Connecticut for most improved state in the Top States for Business 2017 ranking. Each state rises 10 spots this year, yet it is Massachusetts‘ foray into the top 10, from No. 20 last year, that is most impressive: It is the state’s first top 10 finish since 2011.

Massachusetts has always dominated our Education and Technology & Innovation categories, and this year is no exception — the state takes first place in both. But the big change this year is in Access to Capital, where the state moves to No. 7 from No. 19 last year. We measure a variety of financing methods, but where Massachusetts really shines is in venture capital, where it trails only California and New York.

The improvement is no accident. First-term Gov. Charlie Baker, a former health-care executive, has been focused on improving the state’s business climate. He has made progress based on our rankings, but the state still must improve its No. 41 Infrastructure ranking and reel in its high costs in order to join the truly elite.

Pennsylvania notches the best all-around improvement, rising in 5 of our 10 categories of competitiveness. Even so, the Keystone State just barely makes it into the top half, at No. 23.

Pennsylvania’s biggest improvement is in Education, where it moves up 11 spots to No. 10, thanks to rising high school test scores and modest progress in modernizing school classrooms. But a sharp divide between rich and poor school districts still plagues the state.

The state improves eight spots to No. 21 in Workforce as more working-age people are moving into the state, and eight spots to No. 34 in Economy as the housing market begins to recover. But Pennsylvania still struggles with high costs, and its infrastructure is in the bottom tier.

Also jumping 10 spots overall this year is Connecticut, but the move seems a bit less impressive when you consider that the state only moves to No. 33 from last year’s No. 43. The move is thanks in large part to a 15-place jump in Education, to No. 3 from No. 18. Even that can be deceiving, however. The improvement in the category is primarily due to improved high school test scores. The state maintains strong support for its K–12 schools, but a change in the school funding formula is on the table as the Constitution State confronts some serious budget issues.

Despite the overall improvement, Connecticut continues to rank near the worst in Infrastructure and Cost of Living and is facing an exodus of high-profile corporations from the state.

Other big gainers:

  • No. 9 Tennessee and No. 22 Missouri each jump nine spots on improving economies.
  • An improving Workforce ranking helps New Hampshire rise eight places to No. 18.
  • Economy powers No. 7 Virginia‘s six-place move.
  • Three states exhibit five-place moves: No. 16 Ohio, No. 25 Maryland and No. 45 Rhode Island. While still moored near the bottom, Rhode Island’s finish is the best it has ever done in our 11 years’ ranking the states.

The biggest decline in this year’s rankings belongs to No. 27 Wyoming, which plummets 14 spots. As the nation’s largest coal producer and an important oil state in its own right, the Cowboy State is especially vulnerable to swings in energy prices. The price of Powder River Basin coal fell sharply during much of last year. While it has rebounded a bit this year, it is still down more than 11 percent from its recent highs in 2014. Partly as a result, Wyoming’s Economy rank plunges to No. 43 from No. 14 last year.

Also falling in the Economy category is New York, which finishes No. 38 overall — a drop of 11 spots in the ranking — on slowing growth. Another concern for the Empire State is the budget, with state Comptroller Thomas DiNapoli already warning of a revenue shortfall in the fiscal year that just began.

Illinois does not even have a budget — and hasn’t had one for three years. The Land of Lincoln’s fiscal dysfunction has begun to clearly outweigh its inherent business advantages, dropping the state seven spots, to No. 31, overall.

Another state dropping seven spots is last year’s Top State for Business, Utah. A surge in state support for education helped the Beehive State take top honors last year, but it may have been a one-time thing. This marks only the third time in 11 years that Utah has failed to make the top five.

And North Dakota, whose oil-drenched economy was the envy of the nation not long ago, drops another seven spots, to No. 19, overall this year. With the apparent end to the domestic oil boom, the Peace Garden State’s economy contracted by 6.5 percent last year, the worst performance in the nation.

More from Top States for Business:
America’s Top States for Business 2017: Complete coverage
The 10 best states for jobs in America
The 10 best American states for education

Source: cnbc economy
Biggest state winners and losers in competition to win corporate deals

Comments are closed.