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  • IN officials react to Supreme Court's online sales tax decision
IN officials react to Supreme Court's online sales tax decision

The U.S. Supreme Court has announced their decision on the S. Dakota v. Wayfair case, overturning the long-standing rule that states could not tax businesses or sellers outside of that state's borders. Second, Hawaii is not a member of the Streamlined Sales Tax Agreement and can not be a member unless its laws are amended significantly. "With...

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  • Taxing online sellers is a victory for local stores
Taxing online sellers is a victory for local stores

NY and California's rules are more complex, and those states have sought to increase sales tax collection by using broader definitions of what it means to do business within their borders. For a large state like Texas, the combined state and local revenue growth could be as high as $1.2 billion per year and will likely grow over time, Walsh said.

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  • Recreational marijuana to become legal October 17
Recreational marijuana to become legal October 17

The bill passed in the Senate by a vote of 52-29 on Tuesday to end the 90-year prohibition, however Canadians will have to wait at least a few months to legally buy marijuana . "It's been too easy for our kids to get marijuana - and for criminals to reap the profits", the prime minister said in a Twitter message posted after the vote.

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  • Saudi regulator expects $40 billion foreign fund inflows after MSCI
Saudi regulator expects $40 billion foreign fund inflows after MSCI

MSCI also said it would include Kuwait on its review list for next year. MSCI will decide if Argentina can return to the "emerging" markets from its current "frontier" segment encompassing smaller and less developed stock markets. "Our research has shown that markets have tended to perform strongly in the run-up to inclusion in the MSCI EM I...

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  • In tit-for-tat, Trump threatens more tariffs against China
In tit-for-tat, Trump threatens more tariffs against China

Reduced Chinese access for USA businesses could be a boon to other foreign companies in a year when China says it will further open its door to overseas investors and firms. Trump had announced a 25 percent tariff on up to $50 billion in Chinese imports. Neither side has yet imposed tariffs on the other in their growing dispute over technology ...

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  • European Union slaps $3.4 billion in reprisal tariffs on US goods
European Union slaps $3.4 billion in reprisal tariffs on US goods

The US has imposed tariffs on Canada , Mexico and £25bn in Chinese goods. More than a third of that number comes from almonds, as India is the world's biggest buyer of USA -grown almonds. The initial wave of European Union retaliatory tariffs is aimed at American goods worth €2.8 billion ($3.2 billion). The United States' trade deficit with Chin...

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  • Oil falls on rising output, escalating China-U.S. trade spat
Oil falls on rising output, escalating China-U.S. trade spat

Conversely, prices were supported by collapsing production from Venezuela and anticipated resistance from other OPEC members to increase production at the June 22 meeting in Vienna in Austria. The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russian Federation, a non-OPEC country that sin...

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  • Euro bounces day after European Central Bank holds off on rate hikes
Euro bounces day after European Central Bank holds off on rate hikes

Asian shares wobbled on Friday as investors braced for USA tariffs against China , while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. Having reviewed the progress towards a sustained adjustment of the path of inflation, the ECB's Governing Council said i...

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  • Elon Musk's Boring Co to build high-speed commuter system in Chicago
Elon Musk's Boring Co to build high-speed commuter system in Chicago

In an interview with the Tribune , Chicago Mayor Rahm Emanuel said: "If you look at the history of Chicago ... every time we've been an innovator in transportation, we have seized the future". One thing is clear: This is definitely a big win for The Boring Company , and it's a chance for Musk to prove that he can help major cities cut back on t...

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  • IHOP becomes IHOb, gets pancaked on social media | Fort Worth Star-Telegram
IHOP becomes IHOb, gets pancaked on social media | Fort Worth Star-Telegram

The change is not permanent, a company spokeswoman said, but rather is a move to promote its new burger line. "Lunch follows (with 28 percent) and then dinner (16 percent) and late-night service (7 percent)". The chain is shifting its emphasis to seven new "steak burgers", which include a cowboy burger with onion rings and bacon and a " mega mons...

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  • Singapore: Historic meeting between Trump, Kim will take place tomorrow
Singapore: Historic meeting between Trump, Kim will take place tomorrow

Last year, the North made one of the biggest breakthroughs in its missile and nuclear weapons programs - which it says it needs to defend against the risk of a US invasion - when it announced that it had "completed" its state nuclear program after testing a missile capable of striking most , if not all, of the continental U.S.

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  • North Korea's Kim expected to land at Singapore's Changi Airport on Sunday
North Korea's Kim expected to land at Singapore's Changi Airport on Sunday

Sorry. Those famous Kim Jong-un and Donald Trump impersonators , Howard X and Dennis Alan , were the ones seen bro-ing it up in Singapore on Saturday, ahead of a meeting between the real world leaders. North Korea's nuclear intentions reach back to the 1950s, but it was during the period of 1980 through 1994 that the isolated nation-state w...

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  • NTSB says Tesla driver didn't take wheel before deadly crash
NTSB says Tesla driver didn't take wheel before deadly crash

In April, the NTSB removed Tesla as a party to its investigation of Huang's crash after the automaker made public statements. The report found that the vehicle's autopilot system was active for the last 18 minutes and 55 seconds of the ride.

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  • Microsoft Deploys Project Natick Self-Sustaining Underwater Data Center Off Scottish Coast
Microsoft Deploys Project Natick Self-Sustaining Underwater Data Center Off Scottish Coast

An undersea fibre-optic cable brings power to the data centre and transfers data to the shore and web users. According to the release, their goal is to create "self-sufficient underwater data centers that can deliver lightning-quick cloud services to coastal cities" using "experimental, shipping-container-sized" prototypes.

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  • Trump invokes War of 1812 in testy call with Trudeau over tariffs
Trump invokes War of 1812 in testy call with Trudeau over tariffs

The discord comes amid worries that Trump's zeal for tariffs will set off a trade war that undermines the broadest global upswing in years. Trudeau was ready to fly to Washington to get final details settled on NAFTA last week, but says Vice-President Mike Pence told him the US would only agree to such a meeting if Canada accepted a sunset clau...

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  • Russian Federation 95% compliant with OPEC+ oil output deal in May - energy minister
Russian Federation 95% compliant with OPEC+ oil output deal in May - energy minister

West Texas Intermediate crude lost 16 cents, or 0.2 percent, to $66.88 a barrel by 0423 GMT, after falling nearly 2 percent on Thursday. The U.S. benchmark traded at a discount of more than $11 to Brent crude for the first time since March 2015.

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  • Trump tweets about jobs report ahead of release
Trump tweets about jobs report ahead of release

Trump sent out his tweet at 7:21 AM on Friday; the jobs report was released at 8:30 AM. "This could go on for a whole bunch more years, in my judgement", White House economic advisor Larry Kudlow told CNBC . He said that Canada, for example, "just kicks us on lumber and puts people out of work in Maine". The President teased the Jobs Report ...

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  • European Union announces retaliation against Trump tariffs
European Union announces retaliation against Trump tariffs

Canada , the largest supplier of steel to the United States, will impose tariffs covering C$16.6 billion ($12.8 billion) on imports from the USA, including whiskey , orange juice, steel, aluminium and other products, Foreign Minister Chrystia Freeland said.

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  • Where to score free doughnuts in El Paso on National Doughnut Day
Where to score free doughnuts in El Paso on National Doughnut Day

Locations across the United States will be giving away the doughnuts while supplies last. The retailer said it expects to give away 1.2 million donuts. To enter, click or tap here . Koala Kolache: is introducing mochi donuts to Houston and will offer a free glazed mochi donut on National Donut Day.

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