By Andy Sullivan WASHINGTON (Reuters) – A federal indictment of Donald Trump issued on Tuesday included a charge that the Republican then-president and co-conspirators sought slates of phony electors to support his false claims that he won the 2020 election against Democrat Joe Biden. WHAT ARE ELECTORS? U.S. presidents are not elected by direct popular…
(Reuters) – Demand for power in Texas hit a record high on Tuesday for the second day in a row and the seventh time this summer as homes and business kept air conditioners cranked up to escape a lingering heat wave. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than…
(Reuters) – Insurer Assurant Inc sailed past Wall Street estimates for profit in the second quarter on Tuesday, on the back of growth in its global housing unit and higher investment income. Shares of the company rose 1.1% in extended trading, after results. The stock is up roughly 8% year-to-date, through the previous close. The…
By Tim Reid (Reuters) – Donald Trump’s indictment on Tuesday for his alleged role in efforts to overturn his 2020 election defeat will likely fuel his march toward the Republican Party’s 2024 presidential nomination, analysts and party strategists say. “This will rally his supporters to his talking points – about how the establishment and the…
(Reuters) – American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry. AIG, one of the world’s biggest commercial insurers, said net premiums written in its general insurance arm for the quarter ended…
By David Shepardson WASHINGTON (Reuters) – General Motors Co said Tuesday it will recall just over 900 older vehicles worldwide with Takata air bag inflators that could rupture after an incident in Brazil. The recall covers some 2013 Chevrolet Camaro, Sonic, Volt, and TRAX (Canada-only), and Buick Verano vehicles, including 767 in the U.S., 101…
By Raphael Satter and Christopher Bing (Reuters) – An obscure cloud service company has been providing state-sponsored hackers with internet services to spy on and extort their victims, a cybersecurity firm said in a report to be published on Tuesday. Researchers at Texas-based Halcyon said a company called Cloudzy had been leasing server space and…
(Reuters) – Peru’s finance minister said on Tuesday that preliminary data showed the country’s economy shrank in June, marking two consecutive quarters of contraction, which is a common definition for a recession. Finance Minister Alex Contreras told reporters he expects economic growth to return in July after preliminary data showed that the economy shrank by…
By Jack Queen and Sarah N. Lynch (Reuters) – The charges brought against former President Donald Trump on Tuesday in the federal election interference case are based in part on a law enacted in the aftermath of the U.S. Civil War to protect the rights of Black people. Trump, the front-runner for the 2024 Republican…
(Reuters) – Insurer Allstate Corp posted a bigger-than-expected quarterly loss on Tuesday as claims related to higher catastrophic events offset gains from strong investment income. The insurer’s adjusted second-quarter loss widened to $4.42 per share from 75 cents a year earlier. Analysts on an average had expected a loss of $4.18 per share, according to…
