The business news thread

[Rewind]

The Supreme Court ruled in 1992 that no state can require an online seller to collect sales tax unless the seller has a "physical presence," such as a store or factory, in the state. Today the Supreme Court, by a 5-4 vote, reversed that decision. (Trump appointee Neil Gorsuch was one of the five who voted in favor of the taxes.) We will soon be paying taxes on everything we buy online. George Harrison's 1966 song Taxman is proving to be prophetic: Everything that can be taxed will be taxed.

States stand to pocket billions as Supreme Court rules internet businesses must collect sales taxes

http://www.latimes.com/politics/la-n...621-story.html

[Rewind]

Under the new five-year contract, drivers who now make $19 an hour will get $34.79 an hour in 2022. Translation: Expect a huge increase in UPS shipping rates.

UPS strikes deal with Teamsters, averting national strike

https://www.cbsnews.com/news/ups-dea...tional-strike/

[Rewind]

The engines will be made in the US, the SUVs will be made in Mexico, and President Trump will be made furious in Washington, DC.

General Motors is bringing back the Chevy Blazer -- and it will be made in Mexico

https://www.cbsnews.com/news/chevy-b...ade-in-mexico/

[Rewind]

CEO Reed Hastings says Friedland used "the N-word on at least two occasions." The N-word? My dictionary has hundreds of words starting with the letter N. But I guess we all know what word he's referring to.

Netflix chief communications officer Jonathan Friedland fired for insensitive remarks

https://variety.com/2018/digital/new...ut-1202855305/

[Rewind]

The Chinese smartphone manufacturer was illegally sharing US technology with Iran and North Korea. In April 2018, the Department of Commerce banned US companies from exporting parts and components to ZTE. Trump wants the ban reversed. Let's see how loudly that billion-dollar payment speaks.

ZTE pays $1 billion fine to US government for sanctions violations

https://www.msn.com/en-us/news/world...ent/ar-AAz234t

[Rewind]

In the past few years, Facebook, Twitter, Google and other sites have had to deal with major problems caused by hacks, privacy issues, data leaks, data thefts and data sharing. What has Cisco learned from all this? Obviously, nothing.

Cisco is buying July Systems, a startup that uses WiFi to gather data from people as they move around malls, airports and stadiums

http://www.businessinsider.com/cisco...sequoia-2018-6

[Rewind]

"Well, well, I must say you're the first giraffe we've ever seen here at the unemployment office."

All remaining Toys Я Us locations to close by Friday, June 29

http://www.azfamily.com/story/385014...o-close-friday

[Rewind]

Trump's arbitrary punitive tariffs have ignited trade wars with China, Canada and Mexico. His steel and aluminum tariffs are hurting Harley-Davidson and the US automobile industry. His tariffs on Chinese-made solar panels have led to the loss of thousands of jobs among US solar-panel businesses. But wait -- there's more!

Largest US nail manufacturer 'on the brink of extinction' due to Trump's steel tariffs

http://money.cnn.com/2018/06/26/news...ses/index.html

[Rewind]

Walgreens, CVS and Rite Aid lost a combined $12 billion in value in the hours following the announcement of Amazon's latest acquisition. As I write this, CVS is down 6.53%, Walgreens is down 9.62% and Rite Aid is down 10.15%.

Amazon buys online pharmacy PillPack

http://money.cnn.com/2018/06/28/news...ore/index.html

[Rewind]

For a minimum $10,000 investment, you can get a nice truck with the Amazon logo and your very own Amazon uniform to wear. Ooo-wee! You can apply at https://logistics.amazon.com/?tag=bisafetynet2-20

Amazon seeking new package-delivery couriers
Business Insider, Jun 28 2018

Amazon is trying to expand its network of package-delivery couriers by offering several incentives, including discounts on vehicles and fuel, to new business owners who want Prime delivery jobs. Delivery partners who are accepted into Amazon's program could earn about $300,000 in annual profits operating a fleet of up to 40 delivery vehicles, the company said.

http://www.businessinsider.com/amazo...ery-job-2018-6