Tax preparation company Avalara soared as much as 33 percent Thursday after a historic Supreme Court decision on collecting sales tax from e-commerce. The stock later pared its gains, but still ended the session 13 percent higher at $51.04. The Supreme Court’s Thursday decision means states can collect sales tax from online sellers even if […]
Read moreOnline retailers saw their shares slide on Thursday following the Supreme Court’s decision to allow states to collect more sales tax from e-commerce companies. But Amazon, the largest online retailer that’s become nearly synonymous with e-commerce, stands to benefit from the court ruling, law experts say. “Amazon should be helped because it is collecting sales […]
Read moreYou may remember the scene from the 1976 movie Rocky, when the boxing hero Rocky Balboa, played by Sylvester Stallone, dragged himself out of bed and downed glassful of raw eggs in his quest for greatness. Raw eggs might be an excellent source of muscle-building protein, fats and micronutrients to fuel the body, but not […]
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Competition for technology is a major driver in the surge of mergers and acquisitions in 2018. Four out of 10 acquisitions of technology companies have come from companies in other industries, PricewaterhouseCoopers’ deals team said in their mid-year review and outlook released Thursday. The consumer and retail industry has made the most purchases of tech […]
Read moreSquare has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants” will thrive. “The launch of Square for Restaurants marks Square’s entry into the $650-700bn U.S. restaurant […]
Read moreThe U.S. Supreme Court‘s decision Thursday to allow states to force online retailers to collect local sales tax will even the playing field between e-commerce and legacy retail, industry leaders told CNBC. “This is a victory for common sense and the economic realities of this century,” Jerry Storch, former CEO of both Toys R Us […]
Read moreMark Zuckerberg is the wealthiest he has ever been and is poised to overtake Warren Buffett in net worth. The two founders remain neck and neck on Bloomberg Billionaires Index on Thursday, both worth an estimated $81.6 billion, with Zuckerberg’s Facebook fortune rising and Buffett’s net worth falling. (The daily ranking of billionaire net worth […]
Read moreRather than resisting data collection, society should double down on it — so long as people are appropriately compensated, technology pioneer Jaron Lanier argued. “We should think about data as a new way that people provide value. Instead of taking it, we should tell people, ‘You’re valuable in this new way,'” Lanier said on CNBC’s […]
Read moreA Tesla spokesperson told CNBC that Martin Tripp, an ex-employee who the company is suing for alleged data theft and hacking, may have threatened to attack the company’s Gigafactory in Sparks, Nevada. The spokesperson said: “Yesterday afternoon, we received a phone call from a friend of Mr. Tripp telling us that Mr. Tripp would be […]
Read moreKroger shares soared Thursday on strong earnings, which were boosted by the company’s online investments and delivery services. Shares rose more than 9 percent, putting it on pace for its best day since Mar. 10, 2009. The largest U.S. supermarket chain said adjusted earnings were $626 million, up from adjusted earnings of $546 million in […]
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