Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
The RNC paid $166,390 in August to the office of Mintz Levin for "legal and compliance services," according to a disclosure filing.Politicsread more
Trump has called Chairman Jerome Powell "clueless" and Fed officials "boneheads."The Fedread more
Trump's call with the foreign leader is reportedly the subject of a whistleblower's complaint that has spurred new accusations of wrongdoing from Democrats.Politicsread more
The solider, Jarrett William Smith, 24, of Fort Riley, Kansas, was charged with one count of distributing information related to explosives and weapons of mass destruction,...Politicsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
Major Asian stock markets closed higher on Wednesday following a report that said the U.S. and China are closer to reaching a trade agreement.
Mainland Chinese stocks closed higher as they bounced from a tepid morning session, with the Shanghai composite adding 1.24 percent to 3,216.30 and the Shenzhen component gaining about 0.78 percent to 10,340.51. The Shenzhen composite advanced 0.824 percent to 1,772.09.
Meanwhile, the in Australia rose 0.68 percent to close at 6,285.00. Data on Wednesday showed that retail sales Down Under hit a 15-month high in February, with the country's trade surplus soaring beyond expectations to its second highest on record in the same month.
The broad MSCI Asia ex-Japan index advanced almost 1 percent to 541.16, as of 3:29 p.m. HK/SIN.
The U.S. and China are set to resume trade negotiations in Washington on Wednesday, following last week's talks in Beijing. Ahead of the meeting, White House economic adviser Larry Kudlow said the two countries "expect to make more headway" in this week's talks.
Both economic powerhouses are closer to reaching a deal, according to a Wednesday report from the Financial Times.
Myron Brilliant, executive vice president for international affairs at the U.S. Chamber of Commerce, told reporters that 90 percent of the deal is done, but the final 10 percent remains the trickiest part of the negotiations and would require trade-offs on both sides, according to the Financial Times report.
"There will be a deal done this time," Sean Taylor, chief investment officer of Asia Pacific at DWS, told CNBC's "Street Signs" on Wednesday. "It will be very difficult to implement but it will change sentiment and it will get both parties, you know, back (to) being more pleasant to each other and ... it will get trade going again."
If a deal is reached, he said, the focus would shift toward what he termed the "trade war two" centered around the disputes on technology and intellectual property.
Taylor also noted that it was "ironic that the markets are going up."
"We're now getting downgrades from some of the big global agencies like the IMF on growth and yet the markets are sort of pricing in better news. I think that's quite an interesting point," Taylor said.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.187 after seeing highs around 97.5 yesterday.
Oil prices were higher in the afternoon of Asian trading hours. The international Brent crude futures contract gained 0.62 percent to $69.80 per barrel, while U.S. crude futures rose 0.32 percent to $62.78 per barrel.
— CNBC's Fred Imbert contributed to this report.