Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
Asia stocks traded higher on Monday, but several major markets were set to be shuttered for much of the week.
Shares of Japanese automaker Nissan closed down 2.69 percent after it said on Friday that it was not able to sell some of its new vehicles because certain checks in the final vehicle inspection process were conducted by unqualified technicians.
Prior to market open, the Bank of Japan released the results of its "Tankan" survey that showed business confidence among large manufacturers in Japan improved in the three months from the previous survey in June. The headline number stood at plus 22 in the September survey, compared with June's plus 17. But the reading is expected to fall to plus 19 over the next three months.
The numbers are derived from taking the difference between those who find business conditions favorable and those who find it unfavorable. A positive reading indicates more businesses find conditions to be favorable.
"Manufacturers have done well in the past," Mitul Kotecha, head of Asia foreign-exchange and rates strategy at Barclays, told CNBC's "Street Signs, " adding, "If we look now at the "Tankan," perhaps some of the weakness that we've see in the yen is also helping manufacturing confidence as well."
But whether such levels of confidence can be sustained is also important, according to Kotecha. "Japanese growth, as we heard, is growing well above trend, so the growth story is not a bad one."
In Australia, the ASX 200 closed up 47.69 points, or 0.84 percent, to 5,729.30.
Thailand's SET Index traded up 1 percent at 1,689.93 in the afternoon, hovering near levels not seen since 1993.
Markets in China were closed for mid-Autumn festival and national day, while the South Korean market was closed for a designated "temporary holiday." Markets in Hong Kong and India were also closed.
That followed a report that President Donald Trump met with former Fed governor and former Morgan Stanley executive Kevin Warsh, who was previously rumored to be a contender for the central bank's top post.
"Traders will continue to be vigilant as they search the news tickers for headline clues as to who the next Fed Chair will be, and how the tax reform process is going," said Stephen Innes, head of trading in Asia Pacific at OANDA, in a morning note.
In the foreign exchange market, the dollar index, which measures the greenback against a basket of currencies, traded at 93.394, climbing from as low as 93.124 earlier in the session.
But at least one analyst didn't expect the strength to last.
"While dollar rallied last week on perceived Fed hawkishness, euro slippage and new details of Trump's tax reforms, moves look stretched and is really just a short dollar positioning squeeze instead of a real turn," Vishnu Varathan, head of economics and strategy at Mizuho Bank, said in a Monday note.
Meanwhile, the Japanese yen was at 112.86 per dollar, with the greenback climbing from levels as low as 112.43 earlier in the session.
The Australian dollar also lost ground against the greenback, trading at $0.7818, off an earlier session high of $0.7847.
Innes added that forex markets will "continue to be sensitive to headline risk" as the start of the fourth quarter brings "a deluge of central bank speakers along with the main sentiment and inflation prints."
He also said that traders are likely to watch developments in Spain, where regional officials in Catalonia said a majority voted in favor of breaking away in a banned referendum.
The euro traded at $1.1764 Monday afternoon, off earlier highs above $1.18.