Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
The Senate will try to reconcile its emergency border aid plan with one passed by Nancy Pelosi and House Democrats.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.Financeread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
Asia markets traded mostly higher on Tuesday, following gains in U.S. equities overnight amid strong economic data. This will be a short week for the U.S. stock market, which is set to be closed Thursday for the Thanksgiving holiday.
In Australia, the ASX 200 closed up 17.84 points, or 0.3 percent, at 5,963.52, with the heavily-weighted financial sector up 0.16 percent and the country's so-called Big Four banks finished mixed.
Japan's Nikkei 225 rose 154.72 points, or 0.7 percent, to 22,416.48 and the Topix index gained 11.48 points, or 0.65 percent, to 1,771.13. In South Korea, the Kospi closed up 3.03 points, or 0.12 percent, at 2,530.7.
In Hong Kong, the added 1.22 percent at 3:12 p.m. HK/SIN.
Elsewhere, the dollar retreated against a basket of currencies to trade at 94.003 at 3:13 p.m. HK/SIN, coming off an earlier session high of 94.095.
The euro traded lower at $1.1744, compared to levels above $1.176 in the previous week. The common currency struggled after news emerged on Monday that German Chancellor Angela Merkel's efforts to form a coalition government had failed, thereby making the political outlook for Europe's largest economy uncertain.
Merkel later said on Monday that she would prefer new elections to leading a minority government.
One economist predicted that Germany could soon return to the polls. "It looks like Germany will be heading back to the electorate following the collapsed coalition talks this week, and little sign of any appetite for a resumption of the Grand Coalition," Rob Carnell, head of research for Asia at ING, wrote in a morning note.
Carnell added that the uncertainty of another election is "unhelpful for the region, though the [euro] seems to be weathering it quite well."
Among other currency majors, the Japanese yen traded at 112.52 to the dollar, strengthening from an earlier session high of 112.70.
The Australian dollar traded at $0.7543, falling from a session high of $0.7557. Earlier, the Reserve Bank of Australia released minutes from its November monetary policy meeting, during which the central bank had left the cash rate unchanged at 1.5 percent.
The minutes noted there was "considerable uncertainty around when and how quickly wage pressures might emerge" and how much of that would "add to inflationary pressure."
The central bank also "sees some upside risks to non-mining investment, as well as infrastructure spending," Wei Liang Chang, a currency strategist at Mizuho Bank, wrote in a note. He added, "All told, the broad tone reaffirms an unchanged monetary policy stance for now, without more durable signs of an uptick in wage inflation."
Oil is also a focus for investors ahead of next week's OPEC meeting in Vienna, where member states will decide if they would support an output cut deal beyond March next year.
Energy prices traded slightly higher on Tuesday afternoon Asia time, with U.S. crude up 0.07 percent at $56.46 a barrel. Global benchmark Brent also rose 0.16 percent to $62.32 at 3:15 p.m. HK/SIN. That followed a 0.8 percent decline on Monday.
Reuters reported that Iran's oil minister said Monday that a majority of OPEC members support extending output cuts beyond March next year, but the final decision will be made at next week's meeting.
— Reuters contributed to this report.