Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
Stocks in Asia jumped on Wednesday morning following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
Tesla loses vice president of HR and head of diversity, Felicia Mayo, one of a few black woman executives to break Silicon Valley's glass ceiling.Technologyread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
American Airlines pilots plan to tell lawmakers they are still concerned about fixes to grounded Boeing 737 Max planes.Airlinesread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Shares of NRG Energy Corporation surged as much as 9 percent on Tuesday after hedge fund titan Paul Singer's Elliott Management said it has partnered with Bluescape Energy Partners to push for changes at the integrated power company.
The partnership owns a combined 9.4 percent stake in NRG, having built up the position in recent months, according to filings with the Security and Exchange Commission. Elliott and Bluescape did not offer much detail about their plans for NRG, but said they are evaluating the nomination of one or more directors to NRG's board.
"The Group believes the securities of the Issuer are deeply undervalued and that there exist numerous opportunities to significantly increase shareholder value, including operational and financial improvements as well as strategic initiatives," Elliott and Bluescape said in a 13D filing.
In a statement, NRG said, "We are aware of the 13D filing that came in today. We are open to input from all our shareholders and we are committed to creating value for our shareholders."
Bluescape Energy is a Dallas-based private investment firm chaired by Charles John Wilder Jr., the former CEO and chief executive of Texas electric utility TXU Corporation, which was sold in 2007.
"The Group believes that Charles John Wilder, Jr. and his team have directly relevant experience in effectuating such improvements and are initiating a dialogue with management and the Board of Directors ... to address these opportunities as well as implement appropriate Board-level oversight," Elliott and Bluescape said.