Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Reactions in Asian stock markets were relatively muted on Wednesday afternoon as results filtered in from the much-anticipated midterm elections in the U.S. Major indexes
NBC News projected late on Tuesday showed that Democrats had taken a majority in the House and Republicans had retained control of the Senate. Both chambers make up Congress — the country's principal decision-making body — and approval from each is required to pass bills into law.
The midterm elections are poised to create significant changes for how President Donald Trump can accomplish his domestic goals. But experts said the results may not mean much for the country's trade policies — the U.S. and China are currently locked in a trade fight that saw both countries apply import tariffs on some of each other's goods.
"The much hyped US midterms made for choppy trading conditions," Sue Trinh, head of Asia emerging markets foreign exchange strategy at RBC Capital Markets, wrote in an afternoon note. "In the end, it was the outcome that most experts, polls and betting odds predicted."
Trinh added that the immediate reaction was a weaker dollar across the board, along with lower yields and equity futures giving up gains as a "Democrat-controlled House is seen to lower the odds of more fiscal stimulus."
The dollar index, which measures the greenback against a basket of its peers, traded at 96.155 Wednesday afternoon during Asian hours, withdrawing from an earlier session high of 96.464. The index slipped from levels above 96.800 it reached last week.
In equity markets, major indexes were mixed.
Japan's Nikkei 225 fell 61.95 points, or 0.28 percent, to 22,085.8 while the Topix index declined 6.92 points, or 0.42 percent, to 1,652.43. South Korea's Kospi fell 10.93 points, or 0.52 percent, to 2,078.69 while Australia's rose 21.7 points, or 0.37 percent, to 5,896.9.
In Hong Kong, the Hang Seng index was up 0.12 percent in late-afternoon trade. The Shanghai composite was down 18.01 points, or 0.68 percent, at 2,641.34 while the Shenzhen composite was down 5.81 points, or 0.43 percent, at 1,340.37.
Wall Street closed higher overnight, with all three major indices advancing.
In the currency market, the traded at 113.21 to the dollar while the fetched $0.7242.
Oil prices fell during Asian hours after declining overnight as the U.S. granted top buyers of Iranian oil sanction waivers.
— Reuters and CNBC's Nyshka Chandran contributed to this report.