Apple Battles Tax Ruling, Dollar Rally Stalls and Star Wars Sits Supreme

This is what you need to know before the bell
Author:
Publish date:

Apple's battles tax ruling, dollar rally stalls and Star Wars sits supreme. This is what you need to know before the bell.

The Irish government is gearing up for its battle with European authorities over alleged tax benefits to Apple, saying that the European Commission has misapplied its own rules - and misunderstood Irish tax law - when it ruled in August that the country must recover more than 13.6 billion dollars from the world's biggest tech company, insisting that "Ireland does not do deals with taxpayers"

The rally in the US dollar looks to have faded, at least for the moment, as the greenback stabilized on foreign exchange markets overnight after the record advance that followed the November elections. US stocks futures are pointing to gains in Wall Street with follow a softer session in Asia and modest European share gains.

Rogue One has had a fantastic opening weekend, topping industry expectations with an estimated $155 million in ticket sales, the second-best December opening on record and just behind another movie from the Star Wars franchise. Last year, The Force Awakens took in just under $250 million in its North American debut.

Edward Hardy reporting for TheStreet in London