Oil prices rose on Sunday, as barrels are now selling for $52 apiece. New York Stock Exchange futures experienced a 0.6% gain, while the U.S. economy is expected to experience better growth in 2017 thanks to a large fiscal stimulus.
Several companies made headlines over the weekend, including Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) and Tesla Motors Inc (NASDAQ:TSLA).
Here’s what you should know:
Apple Inc. (AAPL)
Apple is looking to appeal a controversial decision regarding the European Union’s tax demands with the company.
The tech giant said that EU regulators used a formula that would maximize the taxes that they would net from Apple. The company argues that a more fair way of measuring how much it owes could’ve been issued.
Tax experts and corporate law could have helped find a middle ground that would appease both parties. Apple owes the EU $13.8 billion to Ireland, where the company has its European headquarters.
The company is filing an appeal for the bill that would reduce this figure to one that is more in line with how the EU normally taxes foreign companies. Apple believes it was singled out due to the company’s success.
AAPL shares have had a positive 2016, rising 10.2% year-to-date.
Microsoft Corporation (MSFT)
Microsoft has made an announcement that will make a lot of gamers happy.
At least nine games will be available in multiple consoles as part of the company’s Xbox One Backwards Compatibility Program. This month has 14 games so far that are part of the program.
The move will allow those with an older console to play Xbox One games. The selection that Microsoft unveiled before the turn of the year include Skydive, Planets Under Attack, CLANNAD (Japan Only), as well as Bully Scholarship Edition, Catherine and Raskulls.
BioShock, BioShock 2 and BioShock Infinite are Xbox 360 games that will now be made available in the Xbox One, a move that many fans have been requesting for a while now.
MSFT shares have popped 8.8% over the last three months.
Tesla Motors Inc (TSLA)
Tesla has revealed something that electric car owners will be happy to see.
The company has unveiled its Supercharger maps on its website. The new maps show every place in the U.S. and the rest of North America that will now have Supercharger stations.
These locations are designed to help you charge your electric or hybrid vehicle, and some are being rolled out in Mexico and parts of Canada. Arkansas, North Dakota, west Texas and West Virginia will also have more stations.
There are at least three Supercharger locations being built in the Texas dead zone at the moment. There are also some that will come in the near future in Nebraska, Kentucky, Colorado and South Carolina.
TSLA stock has dropped 12.1% since this time last year.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
