Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
In a private call with Morgan Stanley clients on Wednesday, research analyst Adam Jones, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or...Technologyread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
Talk about 5G is everywhere right now, from the trade war with China to the ban on Huawei. Here's what 5G is and why it matters.Technologyread more
"Target's gutsy decision to make its stores the centerpiece of its fulfillment system has turned out to be a brilliant move," Jim Cramer says.Mad Money with Jim Cramerread more
A slew of retail earnings the past two weeks makes it clear that while Americans continue to shop, they aren't ringing registers at department stores.Retailread more
Stocks that would benefit from a federal infrastructure spending program fell after President Trump ended a meeting on infrastructure spending with Democratic leaders.Market Insiderread more
The interaction, witnessed by a senior administration official, followed President Donald Trump's abrupt exit out of a meeting with Democratic congressional leaders.Politicsread more
President Donald Trump has been accusing online retailer Amazon of paying and collecting few state and local taxes, but his own company's online store collects sales taxes in just two states, the Wall Street Journal reported Friday.
Although the Trump Organization is based in New York, TrumpStore.com collects sales taxes only in Florida and Louisiana, the Journal reported.
The website sells Trump-branded apparel and gifts, including $35 baseball caps, $20 body lotions, $50 blankets – and $36 Trump toddler polo shirts.
"Trumpstore.com has always, and will continue to collect, report, and remit sales taxes in jurisdictions where it has an obligation to do so," a Trump Organization representative told CNBC.
Currently, online retailers are only required to collect sales taxes in states where they have a physical presence. The Trump administration filed a brief with the Supreme Court in March that argued retailers should have to collect sales taxes even in states where they aren't physically present. The top court will hear arguments on the issue later this month.
A spokeswoman for the White House did not immediately respond to CNBC's request for comment.
The WSJ report follows the president's recent social media rampage against Amazon, claiming that the online retail giant pays "little or no taxes to state & local governments."
Trump has frequently targeted the company of CEO Jeff Bezos, who also owns The Washington Post, which Trump has falsely claimed to be a "lobbyist" for Amazon.
Trump's most recent salvo alleged that Amazon's use of the United States Postal Service cost the government agency billions of dollars. Trump also claimed that the "Fake Washington Post" is used as the company's lobbyist "and should so REGISTER."
A White House spokeswoman said Trump has been referring to taxes collected by third-party sellers on Amazon.com. The company collects taxes on sales of its own inventory in 45 states and the District of Columbia.