|Bid||33.40 x 800|
|Ask||33.80 x 800|
|Day's Range||33.20 - 36.55|
|52 Week Range||14.30 - 89.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||100.00|
The individual states that make up this nation can now insist that ecommerce companies like Amazon (NASDAQ:AMZN), Wayfair (NYSE:W) and Overstock.com (NASDAQ:OSTK) collect and remit online sales tax for goods sold to those states’ residents. The U.S. Supreme Court made the online sales tax decision on Thursday, overturning a rule that had been in place since 1992. Each state will decide for itself if it wants to pursue the matter, but with a total of more than $13 billion and maybe as much as $33 billion worth of online sales tax revenue up for grabs, most states likely will.
On June 21, Overstock (OSTK) fell 7.2% and closed at $36.15 following a US Supreme Court ruling in South Dakota v. Wayfair. Reuters reported that the court ruled that states can now collect sales tax from online retailers. The sales tax means higher prices, thereby impacting online retailers, especially smaller players.
A U.S. Supreme Court ruling on Thursday paves the way for states to ask online retailers to collect internet sales tax, a move praised by brick-and-mortar retailers as leveling the playing field between online and physical merchants. Brick-and-mortar retailers that have seen their businesses upended, and sometimes literally destroyed, by the rise of e-commerce finally had a moment of vindication on Thursday: The U.S. Supreme Court, in a landmark 5-4 ruling, basically gave states the green light to have online retailers collect sales tax, just like any local retailer. The highest U.S. court made the decision after South Dakota in 2016 filed a lawsuit against major pure-play online retailers Wayfair, Overstock.com and Newegg regarding state tax collection.
Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses. The Supreme Court on Thursday allowed states to make online retailers collect sales tax, siding against e-commerce companies like Wayfair Inc (W.N) and Overstock.com Inc (OSTK.O) in their high-profile fight with South Dakota.
States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals. In a 5-4 ruling reviving a South Dakota law challenged by Wayfair Inc(W.N), Overstock.com Inc(OSTK.O) and Newegg Inc, the justices overturned a 1992 high court precedent that had barred states from requiring businesses with no "physical presence" there, like out-of-state online retailers, to collect sales taxes.
President Donald Trump is commenting on a Supreme Court decision that may result in shoppers getting charged sales tax on more online purchases. On Thursday afternoon, Trump tweeted: "Big Supreme Court win on internet sales tax - about time! Big victory for fairness and for our country.
The latest meeting of oil cartel OPEC will be a highlight for markets on Friday while the U.S. earnings and economics calendar should be fairly benign.
States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals. In a 5-4 ruling reviving a South Dakota law challenged by Wayfair Inc, Overstock.com Inc and Newegg Inc, the justices overturned a 1992 high court precedent that had barred states from requiring businesses with no "physical presence" there, like out-of-state online retailers, to collect sales taxes.
In a reversal for Wayfair, the online furniture vendor and others of its ilk, the Supreme Court on Thursday, June 21, ruled 5-4 in favor of South Dakota in South Dakota v. Wayfair Inc., which addressed whether online vendors must collect state sales tax on online purchases made through their sites. Shares of Amazon (1.3%), Wayfair (1.6%), Overstock (7.2%) and Etsy Inc.
The Supreme Court ruled internet retailers can be required to collect sales taxes in states where they have no physical presence. Here's how the decision may affect your next online order.
Overstock.com, Inc. (OSTK) is prepared to comply with today’s Supreme Court ruling in South Dakota v. Wayfair, Inc., which overturned long-standing United States Supreme Court precedent, in Quill Corp v. North Dakota. At the same time, the company calls on Congress to intervene and legislate a fair solution in the wake of today’s ruling to lessen possible impacts on innovative internet startups. Physical presence will no longer be the standard, though there are still guidelines for states to consider, as given by the Supreme Court.
Shares of large internet sellers tumbled in midday trading on June 21 after the US Supreme Court said those merchants could be required to collect sales tax in US states where they don’t have a physical presence. Amazon, Wayfair, eBay, Etsy, and Overstock.com all fell in morning trading, with Wayfair at one point down by…
Investors need to pay close attention to Overstock.com (OSTK) stock based on the movements in the options market lately.
Fintech, alongside blockchain, has been one of the most important buzzwords in the investing world of late, and there is one opportunity in this sector that has been entirely overlooked… until now
tZERO and BOX Digital Markets LLC (“BOX Digital”) announced today they have entered into a joint venture, which is expected to become the world’s first regulated exchange for trading security tokens. Security tokens are electronic tokens defined as “securities” under U.S. law. The joint venture will seek approval from the U.S. Securities and Exchange Commission (SEC) prior to beginning operations.
An underappreciated component of the recent meeting between President Donald Trump and North Korean leader Kim Jong-un is economic opportunity. Plus, the surge in SEII stock suggests Wall Street approves. If this is the first time you’re hearing about Sharing Economy International, I’m sure you’re not alone.
The markets were quiet up until the Federal Reserve announced another hike in interest rates. Of course, that got things moving a bit as investors have been waiting all week to see what the Fed would do. The market’s reaction still isn’t that clear though and it will likely take a few more days to figure out where it will go. In the meantime, let’s look at our top stock trades.Top Stock Trades for Tomorrow No. 1: S&P 500 ETF (SPY)
NEW YORK, NY / ACCESSWIRE / June 13, 2018 / Sears shares got a much needed burst in trading price on Tuesday after announcing an expansion of its partnership with Amazon and its Auto Centers. Sears Holdings Corporation shares closed up 1.66% on about 3.3 million shares traded yesterday. The struggling retailer saw its shares pop after announcing that it has expanded its partnership with Amazon.com and its auto centers.
NEW YORK, June 11, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Aetna ...