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More and more states are moving to impose new sales taxes for online purchases to make up for budget deficits. As online prices move in line with brick and mortar retailers, will online stocks take a hit?
Residents are supposed to declare and pay sales tax on goods they buy from out-of-state retailers, but few do, which deprives states of tax revenue and gives Internet retailers an advantage over physical stores. Caught in the crossfire of the nationwide fight are a large but rarely examined part of the Internet economy, affiliate marketers.
With the average price of regular gasoline now hovering near $3.80 a gallon nationally, prices at the pump are nearly a dollar higher than a year ago. For the average American who drives about about 15,000 miles a year and uses roughly 750 gallons of gas annually, that dollar increase per gallon has eaten about a $750 hole into the household budget per car.
The fight over collecting online sales tax is an ongoing issue that is especially heated this holiday season as online retail sales hit new records—and taxes goes uncollected.
Stocks ended modestly higher Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, McDonald's fell.
Stocks were struggling for direction Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, while McDonald's fell.
Stocks ended 2 percent higher for the first trading day of the month, wiping out November's losses, after several economic reports gave investors confidence the U.S. economy is improving. Home Depot and Microsoft rose.
Stocks continued to soar more than 2 percent on the first day of December after news the Federal Reserve's regional survey showed growth is rising throughout most of the U.S. The market was strong from the start after an upbeat report on private sector jobs and news that manufacturing activity in China reached a seven-month high. Home Depot and Microsoft rose.
Stocks climbed at the open after good news on private sector jobs added to better-than-expected manufacturing data from China, and a calmer tone in Europe, to lift investor sentiment. Home Depot and United Technologies rose.
Stocks declined, but ended significantly off session lows, as financials gained and the dollar slipped, although investors remained concerned about the effectiveness of Europe's attempt to contain sovereign debt troubles. HP and Home Depot fell, while AmEx and BofA rose.
Stocks came back from session lows as financials gained, although the market remained lower amid continuing fears about Europe's ability to harness a credit crisis despite a weekend bailout agreement for Ireland. HP and Home Depot fell, while AmEx and BofA rose.
E-commerce spending surged 28 percent on Thanksgiving Day over last year, according to comScore. That’s almost triple the rate of growth on the holiday in 2009!
Stocks sank Monday as a strong start to the December holiday shopping season failed to counter investor concerns about the wider implications of debt burdens throughout Europe even as a final agreement was reached on Ireland's bailout fund. HP and Boeing slumped, while Bank of America rose.
Black Friday weekend, the Super Bowl of the holiday shopping season, is upon us. But in the frenzy of the weekend, it's easy to fall into some common traps. Here’s a primer on which pitfalls to avoid and tips on how to snag the best deals.
As the argument over whether states should impose sales tax on all online purchases heats up, a government organization released a report showing how much revenue each state could shave off its deficit if it imposed taxes on all Web and catalog sales.
Think business journalists are too timid? Look what happens when you go after a struggling firm.
A big rise in bank stocks combined with an influx of bargain hunters Monday helped stocks reverse much of the effects of last week's slump.
The guys go behind the headlines and give you their take on the dismal economics numbers that capped off the worst January ever. But there are still places where you can make fast money.
Stocks ended at session highs Wednesday, led by banks, amid enthusiasm for this so-called "bad bank" plan and as the $825 billion stimulus package neared approval.