Apple stock is down Tuesday after the European Union ruled the tech giant must pay Ireland 13 billion euros in back taxes. Here's what that means for investors.
To gain an edge, this is what you need to know today.
The European Court of Justice upheld the decision by the European Commission which accused Ireland of violating rules to grant benefits to Apple.
Apple Inc (NASDAQ:AAPL, ETR:APC) and Google have been ordered to pay up by Europe's top court, which said the iPhone maker needed to stump up €13 billion for unpaid taxes in Ireland and Google must pay a €2.4 billion fine for abusing market dominance in shopping comparison services. An original ruling by the European Commission in 2016, the Irish government was said to be owed unpaid taxes due to unfair incentives it offered Apple.
Mad Money host Jim Cramer has a lot to say about a wide range of stocks. As one of the most influential figures in the mainstream financial media, there's sure to be a long line of investors hoping to call in to get his viewpoint on specific publicly traded names.
The EU's top court on Tuesday delivered two major victories in the bloc's battle to rein in tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play.
Warren Buffett, the Oracle of Omaha, and Dr. Michael Burry, Christian Bale's character in the film The Big Short, are two of my favorite investment legends.
Apple (AAPL) must pay a 13-billion-euro ($14.4 billion) tax bill after the Court of Justice of the European Union (EU) on Tuesday overturned a lower court ruling on Irish tax breaks for the tech giant.
Oppenheimer analyst Martin Yang noted that Apple's iPhone 16 family “sees upgrades that are more incremental,” compared with dramatic improvements Apple Watch and AirPods.
Analysts say Apple didn't make a huge case for iPhone upgrades — but Apple Watch and AirPods announcements could move the needle in the sluggish wearables business.
A European court has ruled against both Apple and Google in separate cases. The European Union Court of Justice has upheld a 2016 decision by the European Commission that Ireland gave Apple unfair aid in a $14 billion tax case, while also siding with the EC in its antitrust case against Google Shopping, the commission said Tuesday (Sept.
It's the latest move by Europe in its battle to rein in U.S. tech giants.