The Supreme Court just overturned a 1992 ruling (which had limited online tax collections), thus freeing states and local governments to start collecting billions of dollars in sales taxes from internet retailers that don’t currently charge tax to their customers.
Intel CEO Brian Krzanich has 'resigned' after an ongoing investigation by internal and external counsel has confirmed he had a past consensual relationship with an Intel employee - which is a violation of Intel’s non-fraternization policy.
Global stocks, US equity futures and Treasury yields extended gains while the dollar slumped as "risk-on" sentiment returned after the U.S. and China exchanged trade proposals meant to avoid an escalation of economic tensions.
For much of the overnight session, the market's attention was focused on North Korea's amicable reaction to Trump's cancellation of the June 12 summit, generating a build up of risk-on sentiment. Then things started to go south...