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The GOP divide was laid bare on the debate stage this week, as candidates backed a 15-week abortion ban, deferred to the states or tried to split the difference. “There’s no real consensus at this point.”Biden’s reelection campaign has also homed in on remarks GOP candidates made on abortion during the debate. The ad, aimed at women in seven battleground states, is part of a $25 million ad campaign CNN first reported earlier this week. Republicans have begun to coalesce around the idea of a federal abortion ban after 15 weeks of pregnancy. Pence used his remarks at the same conference to call on every GOP candidate to back a 15-week ban as a national standard.
Persons: Roe, Wade, Joe Biden’s, , Whit Ayres, , ” Biden’s, Republicans “, Biden’s, Donald Trump, Donald Trump , South Carolina Sen, Tim Scott, Ron DeSantis, ” Biden, Julie Chavez Rodriguez, Dobbs, Jackson, Trump –, Georgia –, Tom Bonier, Bonier, they’ve, DeSantis, Susan B, Anthony Pro, ” Marjorie Dannenfelser, Kellyanne Conway, Nikki Haley, Asa Hutchinson, Doug Burgum, Mike Pence, Scott, Pence, CNN’s Dana Bash, Trump, ” Trump, Ayres, they’ll Organizations: CNN, Republican, GOP, Democratic, Republicans, ” CNN, Florida Gov, MAGA Republicans, Associated Press, NORC, for Public Affairs Research, Voters, Biden, America, Washington, Trump White House, UN Ambassador, South Carolina Gov, Arkansas Gov, Asa Hutchinson , North Dakota Gov, Thursday Fox, Trump, Freedom Coalition Locations: Donald Trump , South Carolina, Florida, U.S, Nevada , Arizona , Pennsylvania, Georgia, Arkansas, Asa Hutchinson , North
REUTERS/Chen Aizhu/File Photo Acquire Licensing RightsNEW YORK, Aug 25 (Reuters) - Oil futures climbed about 1% to a one-week high on Friday as U.S. diesel prices soared, the number of oil rigs dropped and a fire broke out at a refinery in Louisiana. Brent futures rose $1.12, or 1.3%, to settle at $84.48 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 78 cents, or 1.0%, to settle at $79.83. Diesel futures soared about 5% to a near seven-month high, boosting the diesel crack spread , a measure of refining profit margins, to its highest since January 2023. "The main thing was concern about diesel prices, the diesel crack spread and worries about diesel shortages when refineries go into maintenance," said Phil Flynn, an analyst at Price Futures Group. He added prices also drew support from a fire at a Louisiana refinery and a drop in U.S. oil rigs.
Persons: Chen Aizhu, Phil Flynn, Brent, WTI, Baker Hughes, Jerome Powell, Morgan Stanley, John Evans, Natalie Grover, Laura Sanicola, Muyu Xu, David Goodman, Jason Neely, David Gregorio, Cynthia Osterman Organizations: China National Petroleum Corporation, Dalian Petrochemical Corp, REUTERS, U.S, West Texas, Diesel, Price Futures Group, U.S ., Federal, Thomson Locations: China, Dalian, Liaoning province, Louisiana, Brent, , Louisiana, U.S, Germany, Europe's, Norwegian, London, Washington, Singapore
Utility poles lead to downtown Dallas during a heat advisory due to scorching weather in Dallas, Texas, U.S. July 12, 2022. REUTERS/Shelby Tauber/File Photo Acquire Licensing RightsCompanies Texas Power Systems FollowAug 25 (Reuters) - Texas power prices hit a 30-month high with demand expected to reach record-breaking levels on Friary as homes and businesses crank up their air conditioners to escape a scorching heat wave. The state grid that supplies power to 26 million customers was operating normally Friday morning, but supplies are expected to tighten when the sun goes down and solar power drops, according to the Electric Reliability Council of Texas (ERCOT) grid operator's website. To reduce demand, the grid urged consumers to conserve energy for a second day in a row on Friday afternoon. The fragility of the Texas grid was highlighted in 2021 when a massive blackout killed dozens and left millions without power, water and heat for days as gas supply lines and power plants froze.
Persons: Shelby Tauber, ERCOT, Scott DiSavino, Rahul Paswan, Susan Fenton, Emelia, Marguerita Choy Organizations: REUTERS, Rights Companies Texas Power, Electric, of Texas, National Weather Service, Thomson Locations: Dallas, Dallas , Texas, U.S, Texas, Friary, Houston, New York
A man with American Electric Power (AEP) repairs an electricity cable during a heatwave in Eagle Pass, Texas, U.S. July 28, 2023. Power grids carry reserves to ensure the system remains reliable in case a large power plant or transmission line fails unexpectedly. ERCOT forecast demand would reach 85,296 megawatts (MW) on Thursday, just shy of its 85,435 MW record set Aug. 10. MISO projected it would have 125,907 MW of supplies available with 120,656 MW from internal resources and 5,251 MW of imports. That would not be enough to meet the grid's forecast peak of 127,692 MW, which would top the system's all-time high of 127,100 MW in July 2011.
Persons: Adrees Latif, ERCOT, MISO, Brandon Morris, Morris, Scott DiSavino, Nick Zieminski Organizations: American Electric Power, REUTERS, Reliability, of Texas, Thomson Locations: Pass , Texas, U.S, Texas, Central, Houston, Dallas, Minnesota, Louisiana
"For most of our history, profitable wasn't the first thing that came up when you asked someone about Uber," Khosrowshahi said on Uber's second-quarter conference call Aug. 1. The $1 a ride alone can add up to $4,000 to a driver's annual revenue, the company says. All of them will compete for customers on Uber's platform much as hotels search for business on Expedia.com – a business once run by Khosrowshahi. Indeed, one threat to Uber's current status as a market darling is if AV makers, especially Tesla, decide to compete with Uber directly for riders, Zino said. Khosrowshahi told Sellers that 10-20% of Uber drivers may soon be robots, but said he still thinks more people will be driving for Uber than there are today.
Persons: Angelo Zino, Uber, Savannah, Khosrowshahi, Dara Khosrowshahi, Zino, Scott Devitt, Morgan Stanley's Brian Nowak, undercharging, They've, Devitt, , Hertz, That's, Tracy Lynn Young, Tesla, they've, Cruise, AVs, Sellers Organizations: GM, General Motors, Ideas, Uber Technologies, Aurora, Wedbush Securities, Hyundai, Tesla, EVgo, EVs, TrueCar.com, Uber, CNBC, Hertz, Waymo, Cruise, Khosrowshahi Locations: California, San Francisco, Pittsburgh, Hyundai Kona, London, U.S, North America, Atlanta
A man with American Electric Power (AEP) repairs an electricity cable during a heatwave in Eagle Pass, Texas, U.S. July 28, 2023. REUTERS/Adrees Latif/File Photo Acquire Licensing RightsAug 24 (Reuters) - Two U.S. electric grids issued alerts warning of the potential for power shortages on Thursday due to a brutal heat wave blanketing Texas and U.S. Central states. ERCOT faces "a high potential to enter emergency operations this evening" due to low wind generation and high power demand, the grid operator said. AccuWeather forecast temperatures in Houston, the biggest city in Texas, would reach 107 degrees Fahrenheit (41.7 degrees Celsius) on Thursday. MISO projected power use would reach 127,195 MW on Thursday, topping the system's all-time high of 127,100 MW in July 2011.
Persons: Adrees Latif, ERCOT, MISO, Brandon Morris, Morris, Scott DiSavino, Brijesh Patel, Nick Zieminski, Jonathan Oatis, David Gregorio Our Organizations: American Electric Power, REUTERS, Reliability, of Texas, Thomson Locations: Pass , Texas, U.S, Texas, Central, Houston, Dallas, Minnesota, Louisiana
Here are six takeaways from the first 2024 Republican presidential primary debate:Taking shots at RamaswamyWith Trump absent from Wednesday’s debate, the the early target of most of the debate participants was not DeSantis or South Carolina Sen. Tim Scott or any candidate who has ever held elected office before. DeSantis clarified: “Well, statewide.” Asked if he would support a federal six-week abortion ban, DeSantis talked about his electoral victory in Florida. And no one clearly stated they would sign a six-week federal abortion ban – even if they’d approved such laws as governors. At one end of the spectrum stood Haley, who sparred with Pence over the possibility of passing a federal ban. Ahead of the debate, Republican strategists argued that this was the approach Scott wanted to take because it’s his authentic self.
Persons: Donald Trump, , – brawled, Vivek Ramaswamy, Ron DeSantis, Ramaswamy brawled, Mike Pence, Nikki Haley, Chris Christie, Trump, Ramaswamy, Christie, Asa Hutchinson, South Carolina Sen, Tim Scott, “ Vivek, can’t, I’ve, Vivek, Ramaswamy’s, ChatGPT, , DeSsantis, – DeSantis, DeSantis, , Joe Biden, Hunter, Fox’s Brett Baier interjected, Roe, Wade, fides, Haley, Pence, ” Pence, Lindsey Graham, Scott, Doug Burgum –, Burgum, ” DeSantis, he’d, “ Mike, Pence “, ” Haley, Nice, , Scott wasn’t, ” Scott Organizations: CNN, Florida Gov, South Carolina Gov, New, New Jersey Gov, Trump, Former Arkansas Gov, Fox News, Wing, Ramaswamy, Republican, DeSantis, North Dakota Gov, South, United Nations, United, Ukraine Locations: New Jersey, Fulton, Georgia, Milwaukee, South Carolina, Pence, United States, America, Florida, Miami, Wisconsin, Texas, Russia, Ukraine, Ramaswamy
She's aiming to unseat Rick Scott, who always eked out narrow wins in his general election contests. But Scott will be running in a presidential year, when Florida Republicans could have a considerable edge. AdvertisementAdvertisementSo where does that leave Florida Democrats as they look toward 2024? "Ya no más," she said in Spanish, which translates to "no more," and added, "I've already fought guys like Rick Scott, and beat them." Florida Sen. Rick Scott speaks during a news conference following the GOP weekly policy luncheon on Capitol Hill on September 20, 2022.
Persons: Debbie Mucarsel, Powell, Rick Scott, Scott, Sen, Rick Scott of, Democrat Alex Sink, Charlie Crist, Democratic Sen, Bill Nelson, Donald Trump, Ron DeSantis, Joe Biden, DeSantis romped, Crist, Trump, Mucarsel, Scott —, I've, Florida Sen, Jose Luis Magana Mucarsel, Biden, Carlos Giménez —, , Scott Hartline Organizations: Democratic, Florida Senate, Florida Republicans, Service, Republican, Democrat, Gov, Trump, Florida, Florida Democrats, Democrats crave, Latina, Columbia, Healthcare Corporation, Politico, Mucarsel, Capitol, AP, Republicans, Dade County, State, GOP Locations: Florida, Wall, Silicon, Rick Scott of Florida, Ecuadorian American, Miami, Dade County, South Florida, Mucarsel
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAs long as Amazon controls its own labor costs it has an advantage over UPS and FedEx: Scott DevittScott Devitt, Wedbush equity research analyst, joins 'Closing Bell Overtime' to talk his opinion that Amazon's core business is underappreciated on Wall Street.
Persons: Scott Devitt Scott Devitt Organizations: UPS, FedEx
Michael Cera and Sophia Lillis Photo: Variance FilmsCringe comedy is a well-established genre, but if you extracted the humor from it, you’d be left with something like “The Adults,” whose central character keeps trying to be funny but winds up merely pathetic, and not in the unintentionally hilarious way that Michael Scott did on “The Office.” Yet he ends up oddly sympathetic.
Persons: Michael Cera, Sophia Lillis, you’d, Michael Scott
Massachusetts is the latest state to expand free school lunch since a COVID-era program ended. Here's how eight states pay for free lunch for public school students. And Vermont's free meals program, which was allowed through in June 2023 by Gov. And while only a few US states now offer free lunch, some say the momentum for future programs across the nation is growing. "The availability of universal free meals during the pandemic absolutely changed that momentum."
Persons: Maura Healey, Erin McAleer, Joe Biden's, Phil Scott, Susan Caswell, WPBN, There's, Erika Edwards, EducationWeek Organizations: Service, Gov, CBS News, Massachusetts, Associated Press, Portland Press Herald, AP, MPR, Comstock Elementary School, Jefferson County Locations: Massachusetts, Wall, Silicon, California , Colorado , Maine , Michigan, Minnesota, New Mexico, Vermont, Colorado, California, . Maine, Mexico, Michigan, Southwest Michigan, Jefferson
Many opponents of renewable energy, she added, “are worried about the impacts to their very way of life.”Roadside opposition to renewable energy projects near Baldwin City, Kan. “We see offshore wind as a critical technology,” said Dan Burgess, the director of the Maine Governor’s Energy Office. Across the country, clean energy projects of all types are tied up in lengthy permitting processes. By then, India had not completed any offshore wind projects. Since 2000, the United States has barely built any major transmission lines that connect different regions of the country.
Persons: Scott Dickerson, , Biden, Alison Bates, , Columbia University’s, Dan Burgess, Habib Dagher, Janet Mills, Gregory Wetstone, Mack, James Gillway, SunZia, ” Hunter Armistead, Broussard, There’s, Vaughan Woodruff, Tucker Carlson, Teslas, ” Ali Zaidi, Dagher, Rolf Olsen, who’s Organizations: University of Maine, Sears, Officials, Federal, International Energy Agency, Colby College, White, Columbia, Climate, The University of, Maine Governor’s Energy, Environmental, University of Maine’s, Composites Center, Gov, American Clean Power Association, American Council, Renewable Energy, Environmental Protection Agency, Army Corps of Engineers, . Clean, Union United, China India European Union United States, China European Union United, China India United States European, China United States European Union, China United States European Union India, Energy, The New York Times, United, Pattern Energy, New York State Energy Research, Development Authority, Toyota Prius Locations: Penobscot Bay, Maine, , Maine, United States, Europe, China, Australia, India, Los Angeles, Ohio, Jersey Shore, Waterville , Maine, Baldwin City, Kan, Massachusetts, Ukraine, Gulf, Searsport , Maine, Searsport, Bangor, Mack, West, Union United States, U.S, China United States European Union India, Great, New Mexico, Arizona, California, Riesel , Texas, Energy, San Bernardino County, In Kansas, Atlantic City, N.J, New York, Manhattan, Sears
Ye, the rap star formerly known as Kanye West, on Monday made his first concert appearance after a series of antisemitic remarks on social media and in interviews last year, which led to his alienation from the music industry and loss of lucrative fashion deals with Adidas, Gap and Balenciaga. Ye’s return to the stage came as a guest during a livestreamed album-release concert by Travis Scott at Circus Maximus, the park in central Rome that in ancient times was the site of a giant stadium where chariot races and other entertainment took place. Scott, a protégé of Ye’s, brought his mentor out during a concert to celebrate his chart-topping new album, “Utopia.” With Scott dressed in white and Ye all in black — initially with a hood and mask, which didn’t stay on for long — they performed two Ye songs together: “Praise God,” from his 2021 album “Donda,” and “Can’t Tell Me Nothing,” a Kanye West classic from his 2007 album “Graduation.”“There is no ‘Utopia’ without Kanye West,” Scott told the crowd. “There is no Travis Scott without Kanye West. There is no Rome without Kanye West.”
Persons: Ye, Ye’s, Travis Scott, Circus Maximus, Scott, , Kanye, ” Scott Organizations: Adidas, Kanye Locations: Rome, Ye’s
Almost two years ago, the career of the rap star Travis Scott had seemed in doubt after the catastrophe of his Astroworld Festival in Houston, where 10 people were crushed to death and hundreds more were injured. The authorities investigated Scott’s role, but in June prosecutors announced that a grand jury had declined to indict Scott and two festival officials. A number of civil lawsuits against Scott and festival organizers, however, remain pending. That cloud was no deterrent to Scott’s fans, who have sent the rapper’s latest album, “Utopia,” straight to No. That was by far the biggest opening for any hip-hop album this year.
Persons: Travis Scott, Scott, Maximus, West Organizations: Adidas, Balenciaga Locations: Houston, United States, Rome
In 2015, CNN reported that the Hasbro game had been translated into 47 languages, played in 114 countries sold over 275 million copies. A Monopoly movie was first mooted by Oscar-nominated director Ridley Scott during an interview with the Los Angeles Times in 2007. In 2009, producer Frank Beddor came up with an interesting pitch for a Monopoly movie, which he told IGN that Scott was excited about. When Lionsgate acquired Entertainment One's TV and film operations from Hasbro in 2023, it seemed a Monopoly movie was their top priority. On Wednesday, during 2024's Cinemacon in Las Vegas, Lionsgate confirmed that a Monopoly movie is in development.
Persons: Justin Sullivan, Oscar, Ridley Scott, Frank Beddor, Scott, Beddor, Parker, Truman, Andrew Niccol, Kevin Hart, Tim Story, Chris Cocks Organizations: CNN, Hasbro, Los Angeles Times, IGN, Monopoly, Lionsgate, Entertainment Locations: Las Vegas
Other Reconstruction-era laws are also in the center of debates today. That guarantee was ratified in 1868 to reverse the Supreme Court’s Dred Scott decision holding that African Americans were not citizens. And recently, our organization filed a voting rights lawsuit under the 1870 law that readmitted Virginia to the Union. Ian Bassin is a co-founder and the executive director of the group Protect Democracy and a former associate White House counsel. Kristy Parker is counsel at Protect Democracy and the former deputy chief of the criminal section of the Justice Department’s Civil Rights Division.
Persons: Trump, Dred Scott, intransigence, Ian Bassin, Kristy Parker Organizations: Boys, Charlottesville Unite, Mr, Black, Capitol, Union . The, Union . The Virginia Readmission, Protect Democracy, White, Justice Department’s Civil Rights Division Locations: Charlottesville, United States, New Mexico, Virginia, Union . The Virginia
A Spirit Airlines jet taxis from Newark Liberty International Airport in Newark, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoAug 3 (Reuters) - U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines (SAVE.N) and Expedia (EXPE.O) that amplified concerns domestic demand may be easing after a strong rebound from pandemic lows. Spirit, which mainly operates on domestic routes, also forecast weaker-than-expected revenue for the third quarter, with Citi analysts citing the effect from travel demand shifting to international from domestic. Adding to the gloom, online travel firm Expedia Inc (EXPE.O) reported smaller-than-expected bookings for the second quarter, even as it said travel demand remained "strong." "We believe this is further evidence of softening in U.S. travel demand trends while international growth continues to outperform," Wedbush analyst Scott Devitt said in a note.
Persons: Chris Helgren, Gross, Scott Devitt, airfares, Priyamvada, Kannaki, Pratyush Thakur, Sriraj Organizations: Spirit Airlines, Newark Liberty International Airport, REUTERS, Citi, Southwest Airlines, Alaska Air, Delta Air Lines, United Airlines, American Airlines, Expedia Inc, Thomson Locations: Newark , New Jersey, U.S, Southwest, Bengaluru
Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, U.S. September 29, 2019. REUTERS/Charles Mostoller/File PhotoAug 1 (Reuters) - U.S. energy company Equitrans Midstream (ETRN.N) on Tuesday said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous court fights since construction began in 2018. Mountain Valley is key to unlocking gas supplies from Appalachia, the nation's biggest shale gas-producing basin in Pennsylvania, Ohio and West Virginia. When Mountain Valley started construction in February 2018, Equitrans estimated the 2.0-billion cubic feet per day project would cost about $3.5 billion and enter service by late 2018. The 303-mile (488-kilometer) Mountain Valley project is owned by units of Equitrans, the lead partner building the pipe with a roughly 48.3% interest, NextEra Energy (NEE.N), Consolidated Edison (ED.N), AltaGas (ALA.TO) and RGC Resources (RGCO.O).
Persons: Charles Mostoller, Thomas Karam, Scott DiSavino, Marguerita Choy Organizations: REUTERS, U.S, Supreme, U.S ., Equitrans, NextEra Energy, Consolidated Edison, RGC Resources, Thomson Locations: Elliston , Virginia, U.S, West Virginia, Virginia, Appalachia, Pennsylvania , Ohio, U.S . Congress
Experts say the richest are actually even richer and spending more than they were before the pandemic. Most Americans now have "spent up" demand for goods, but still have pent up demand for services, Zandi says. In her experience, luxury spending is highly correlated with the stock market, and investors have enjoyed handsome returns so far this year as the S&P 500 rebounds from its 2022 lows. The luxury services sector was a particular hot spot. "If this is a richcession, the rich are probably saying, bring it on," Zandi said.
Persons: they've, Mark Zandi, Zandi, they're, Rather, pricey Taylor Swift, Taylor Swift, Patek Philippe, Claudia D'Arpizio, D'Arpizio, Scott Dunn, Bridget Lackie, Lackie, Jennifer Stillman, Douglas Elliman, we've, Stillman Organizations: Service, Wall Street, Rolex, Bain & Company Locations: YOLO, Wall, Silicon, New York
Senator Tim Scott, the most high-profile Black candidate in the 2024 Republican presidential race, has blasted his rival Ron DeSantis, Florida's governor, over the state's newly adopted Black history curriculum, saying "there's no silver lining" in slavery. Without naming DeSantis, Scott said he hoped that every candidate in the Republican field "would appreciate that." Scott's remarks came after another prominent Black Republican, U.S. Representative Byron Donalds of Florida, also criticized the new standards. That triggered an outraged pushback from DeSantis' campaign online, which suggested Donalds was a supporter of Kamala Harris, a Democrat and the first Black vice president. Harris last week delivered a fierce rebuke of DeSantis and the history curriculum while on a trip to Florida.
Persons: Tim Scott, Ron DeSantis, Scott, DeSantis, Scott's, Byron Donalds of, Donalds, Kamala Harris, Harris, Donald Trump, Joe Biden's, James Oliphant, Ross Colvin, Richard Chang Organizations: Republican, Twitter, Black Republican, U.S, Democrat, Black, DeSantis, Republican Party, Florida, of Education, Thomson Locations: Iowa, Byron Donalds of Florida, Florida
Nicholas Pfosi | ReutersSen. Tim Scott, R-S.C., is seeing a wave of wealthy donor interest as he runs for president, while Florida Gov. Herring has already donated $6,600 to Scott's 2024 run for president, according to Federal Election Commission filings. Nikki Haley will be in the Hamptons on Sunday for a fundraising event, according to an invitation reviewed by CNBC. Sobel, who is a managing partner at Valor Capital Group, donated $6,600 to DeSantis' campaign in late June, according to Federal Election Commission records. Andrew Romeo, a spokesman for the DeSantis campaign, pointed CNBC to their fundraising efforts in the second quarter.
Persons: Tim Scott, Saint Anselm College's, Nicholas Pfosi, Reuters Sen, Ron DeSantis, Scott, Goldman Sachs, Gary Cohn, Andy Sabin, Stanley Druckenmiller, Sabin, James Herring, Herring, Marc Rowan, Tim Scott Victory, Robert Giuffra, Cromwell, Nikki Haley, Donald Trump, DeSantis, meanwhile, Cohn, Druckenmiller, Goldman, Scott East, Still, he's, John Catsimatidis, Brandon Bell, Clifford Sobel's, Michael Pascucci, Sobel, Pascucci, Giuffra, Ronald Lauder, Paul Singer, Lauder, Singer, Andrew Romeo, , Romeo, Glenn Youngkin, Trump Secretary of Commerce Wilbur Ross, Lisa Wagner, Wagner, she's Organizations: U.S, New Hampshire Federation of Republican Women, Saint Anselm, Saint Anselm College's New Hampshire Institute of Politics, Reuters, Florida Gov, CNBC, Hamptons, Republican, Trump National Economic Council, Trump, Billionaire, Apollo Global Management, Tim Scott Victory Fund, PAC, Southampton, Sullivan, Former South Carolina Gov, GOP, Washington Examiner, Florida Governor, Getty, Valor Capital, Commission, Business Jet, Gulfstream, Embraer, Bucknell University, Records, Politico, Virginia Gov, Hotel, Trump Secretary of Commerce, NBC News, DeSantis Locations: Saint, Manchester , New Hampshire, Florida, Long, East Hampton, North Carolina, Scott East Hampton, DeSantis, Ukraine, Scott, Rio Grande, Eagle Pass , Texas, Southampton, Charleston, Virginia, Aspen , Colorado, Colorado
NEW YORK, July 24 (Reuters) - Oil prices climbed about 2% to a near three-month high on Monday on tightening supply, rising U.S. gasoline demand, hopes for Chinese stimulus measures and technical buying. The 200-day moving average had been a key point of technical resistance for both benchmarks since August 2022. Strong demand and worries about supply issues boosted U.S. gasoline futures to their highest level since October 2022. Higher interest rates increase borrowing costs and can slow economic growth and reduce oil demand. Analysts at Deutsche Bank said demand for oil in China "is now surpassing expectations," which "helps to add confidence in the ability of China to make up (two-thirds) of oil demand growth this year."
Persons: Brent, Bob Yawger, isn’t, Edward Moya, Jerome Powell, Christine Lagarde, Scott Disavino, Noah Browning, Florence Tan, Emily Chow, Susan Fenton, Matthew Lewis Organizations: YORK, U.S, West Texas, WTI, Mizuho Bank, Organization of, Petroleum, Citi Research, Fed, European Central Bank, ECB, Reuters, Deutsche Bank, Thomson Locations: Brent, Russia, OPEC, Europe, U.S, China, New York, London, Singapore
July 20 (Reuters) - Alabama's Republican-controlled legislature on Friday passed a new congressional map that increased the number of Black voters in one of the state's districts, but Democrats said the plan defied a U.S. Supreme Court ruling intended to protect minority voters' rights. More than one-quarter of Alabama's residents are Black, but under a Republican-drawn map approved in 2021, only one of the state's seven congressional districts, the 7th, is majority Black. Senator Bobby Singleton, a Black Democrat, accused fellow lawmakers of playing a "game" with Black voters. But Republicans said they were confident the 2nd district's new lines provided a meaningful opportunity for Black voters. Last week, a New York state appeals court ordered lawmakers to redraw the state's congressional map.
Persons: Scott Douglas, Terri Sewell, Bobby Singleton, Singleton, Michael Li, New York University's, Josephine Walker, Joseph Ax, Scott Malone, Aurora Ellis Organizations: Republican, U.S, Supreme, Greater Birmingham Ministries, Democratic U.S, Republicans, U.S . House, Representatives, Black, New York, Center for Justice, Democratic, Thomson Locations: Alabama, Black, U.S, New, New York, Washington
The plaintiffs in the Supreme Court case have already vowed to challenge either map in court, saying both would still violate the law. In 2022, a three-judge panel in a federal district court invalidated the current map as unlawful. Black Democratic lawmakers have called the maps a slap in the face to Black voters - and to the courts. "It is an embarrassment," said Juandalynn Givan, a Jefferson County legislator, adding that the Republican plan amounted to dropping "an F-bomb on the United States Supreme Court." "There certainly are places in the country where a 42% Black district would elect a Black-preferred candidate," Li said.
Persons: Scott Douglas, Terri Sewell, Juandalynn Givan, Michael Li, New York University's, Li, Joseph Ax, Josephine Walker, Scott Malone, Aurora Ellis Organizations: Republican, U.S, Supreme, Republicans, U.S . House, Senate, Greater Birmingham Ministries, Democratic U.S ., Lawmakers, Black Democratic, United States Supreme, New York, Center for Justice, Black, Democratic, Thomson Locations: U.S, Alabama's, Alabama, Black, Jefferson County, New, New York
July 21 (Reuters) - California's power grid operator said it does not plan to ask consumers to conserve power on Friday after declaring an energy emergency late Thursday as homes and businesses cranked up their air conditioners to escape a lingering heat wave. The California Independent System Operator (ISO), which operates the grid serving more than 32 million consumers representing about 80% of the state's power load, has said it has enough resources available to meet demand. California residents have worried about the effect of extreme weather on the power grid since a brutal heat wave in August 2020 forced the ISO to impose a couple of days of rotating blackouts on around 800,000 homes and businesses. The ISO forecast demand would rise from 42,266 megawatts (MW) on Thursday to 43,512 MW on Friday. Gas is important in California since much of the power generated in the state comes from gas-fired plants.
Persons: Scott DiSavino, Barbara Lewis Organizations: Soaring, Columbia, Thomson Locations: California, Los Angeles, U.S, Pacific Northwest
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