The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Facebook, Amazon and Alphabet, a collective $2.3 trillion in market cap, are reporting in the coming week. Here's what to watch.Trading Nationread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
A settlement could reportedly come as soon as Monday.Technologyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread 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.