Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Check out the companies making headlines after the bell:
Shares of Take-Two Interactive fell more than 1% during extended trading on Monday after the video game company reported revenue that missed estimates and weak first-quarter guidance. The company cited lower-than-expected revenue from bookings. Take-Two gave a first-quarter revenue forecast of $310 million to $360 million, while analysts had estimated revenue of $418 million.
The company reported fourth-quarter earnings per share of 50 cents on revenue of $488 million. Wall Street analysts had expected revenue of $507 million, according to Refinitiv consensus estimates.
Shares of Tencent Music dropped more than 6% after the company reported mixed first-quarter earnings. The streaming service developer reported earnings per share of 0.72 Chinese Yuan — higher than analysts' estimates of 0.69 yuan per share — and revenue of 5.74 billion yuan, coming in just under the 5.8 billion yuan projected by analysts.
StoneCo stock jumped nearly 5% after hours, despite the company's better-than-expected first-quarter earnings. StoneCo also announced a share buyback program that will go into effect in the second quarter of 2019.
Immersion surged nearly 15% after the company announced that it settled its patent infringement litigation with Samsung, agreeing to a global patent and technology license for quarterly royalties on mobile devices. The technology company also announced that Sony will be licensing its patent portfolio for their upcoming gaming and VR controller. The company also reported first-quarter loss of 35 cents per share on revenue of $5.1 million.