Bloomberg US Supreme Court justices signalled they are divided about whether to let states start collecting billions of dollars in sales taxes from internet retailers that don’t currently charge tax to their customers. Hearing arguments in Washington in a South Dakota case, the justices considered overturning their 1992 ruling that made much of the inte-rnet a tax-free zone by exempting ...

Threatening tariffs on imports from China, President Donald Trump has provoked swift vows of retaliation from Beijing, shaken financial markets, and generated great uncertainty and confusion. Long before China started to run huge trade surpluses against the US, he ranted against American trade partners. Other countries, he claimed in 1999, “can’t believe how easy it is to deal with the ...

Bank of America Corp. (BofA) CEO Brian Moynihan pledged in his recent letter to shareholders to keep the bank on the path of “growing responsibly.” The question is whether keeping Bank of America straight has narrowed its profits too much. The first quarter appeared to support that. Bank of America said that its quarterly earnings per share rose nearly 38 ...