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California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday. Newsom, a Democrat, proposed creating a new version of the state’s Clean Vehicle Rebate Program, which was phased out in 2023 after funding 594,000 cars and saving 456 million gallons of fuel, Newsom’s office said.

"It's still a reasonable consideration," Kashkari said in a Bloomberg TV interview. The Fed began cutting interest rates in September after gaining confidence that inflation would continue to fall, and in response to worries that high borrowing costs were slowing the job market too quickly. Since then inflation's progress toward the Fed's 2% goal appears to have slowed.

(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge“It’s still a reasonable conside

NEW YORK (Reuters) -Damian Williams, the top federal prosecutor in Manhattan who secured convictions of high-profile defendants including U.S. Senator Bob Menendez and crypto mogul Sam Bankman-Fried, announced on Monday that he will resign ahead of Donald Trump's return to the presidency. Williams, who was appointed to the post in 2021 by outgoing Democratic President Joe Biden, will step down on Dec. 13 ahead of the Republican Trump's Jan. 20 inauguration. Edward Kim, his current deputy, will succeed Williams on an acting basis as U.S. attorney for the Southern District of New York.

The Tesla billionaire and co-head of the Department of Government Efficiency says he wants workers in the office five days a week.

HOUSTON (Reuters) -Oil prices fell more than $2 a barrel on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials. Israel said on Monday it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address, while Lebanese officials voiced guarded optimism but said Israeli Prime Minister Benjamin Netanyahu was not to be trusted. "It seems the news of a ceasefire between Israel and Lebanon is behind the price drop, though no supply has been disrupted due to the conflict between the two countries and the risk premium in oil has been low already before the latest price decline," said Giovanni Staunovo of UBS.

(Bloomberg) -- Oil dropped as light pre-holiday trading exacerbated signs of diminishing risks from the conflict in the Middle East.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeWest Texas Intermediate shed 3.2% to settle below $69 a barrel. The Israeli ambas