U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
Sales-tax holidays don't kick off with the same fanfare as Amazon Prime Day, but saving 5% or 6% on your back-to-school shopping tab is nothing to sneeze at.
Across the country, more than a dozen states and Puerto Rico will hold these tax-free days in the next few weeks, a number that has fallen slightly since reaching a peak in 2010, when 19 states participated, according to the Tax Foundation.
Tax-free shopping is a welcome opportunity for local brick-and-mortar retailers to boost foot traffic as online retailers such as Amazon grab more and more market share.
The holidays must be approved by states legislatures and treated like any other expense. In order to balance the budget, states may have to suspend the perk or drop funding for another program.
For the tax-free days that still remain, most are held over the course of a weekend in August, although each state offers shoppers its own specific savings.
In Massachusetts, for example, purchases under $2,500, including meals, are exempt from the state's 6.25% sales tax.
In Tennessee, which has one of the highest sales tax rates in the country, at 7%, footwear or apparel that cost less than $100 are temporarily tax-free. Same for Virginia, which also eliminates sales tax on certain hurricane-preparedness products.
Maryland offers similar exemptions on clothing and shoes and provides a break on backpacks under $40. There, the tax-free holiday lasts for a full week, from Aug. 11 through Aug.17.
Connecticut's sales tax holiday also lasts for seven days, although this year's details have yet to be officially announced.
"Some states do the bare minimum but other states lean into it," said Julie Ramhold, a senior staff writer at DealNews. "They are all worth checking out if you need to stock up."
In each case, special rules may apply for items purchased online or with layaway. There are often exemptions, too, on items such as athletic gear or accessories.
For a full rundown and key facts by state, check your state's Department of Revenue Services or see this sales tax holiday chart from the Sales Tax Institute.
Every day is a tax-free shopping holiday in Alaska, Delaware, Montana, New Hampshire and Oregon. They have no sales tax at all.