Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Tilman Fertitta told CNBC on Monday that he is doing things in a "very conservative way" amid fears of a recession.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread 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.