|Bid||40.80 x 900|
|Ask||45.25 x 3200|
|Day's Range||41.70 - 45.87|
|52 Week Range||13.58 - 45.88|
|PE Ratio (TTM)||56.70|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.40|
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.
If states act aggressively, consumers may also be paying moreWarner Bros/courtesy Everett Collection / Everett CollectionSmall online businesses are waiting to see what the Supreme Court’s ruling on online sales tax means for them. Small online businesses may bear the brunt of the Supreme Court’s recent decision to allow states to collect sales tax from online retailers, but how bad it’ll be, they don’t yet know. The high court ruling released Thursday gives states the right to collect sales tax from online vendors, even if they don’t have a physical presence in that state, overturning a pre-internet court ruling called Quill that exempted online merchants from those collection duties.
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.
The Supreme Court on Thursday overturned a longstanding precedent that states can only require retailers to collect sales tax when they have a physical presence there. “Trying to follow all the thousands of laws of tax jurisdictions across the country would put us out of business.
Shares of online retailers like Amazon fell in trading after the Supreme Court ruled states have the right to collect potentially billions of dollars in taxes from internet sales. The decision overturns a ruling from 1992, which limited tax collection by retailers for online sales, regardless of whether or not a business maintains a physical presence in a state. "Retailers have been waiting for this day for more than two decades," the National Retail Federation says.
Capitalist Pig Hedge Fund Manager Jonathan Hoenig and FBN's Charles Payne on the impact of the Supreme Court ruling that states can collect sales tax on out-of-state online purchases.