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  • Nov 25, 2024

Newsom says California could offer electric vehicle rebates if Trump eliminates federal tax credit

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.

  • Nov 25, 2024

Bitcoin Is ‘Far From Being a Bubble,’ Pantera’s Morehead Says

(Bloomberg) -- Bitcoin’s record-breaking rally may only be getting started, according to one of the earliest US professional investors in the original cryptocurrency. “People totally thought we were crazy in 2013,” said Dan Morehead in an interview, referring to when Pantera Capital Management launched its Bitcoin fund more than 11 years ago. “There are still a lot of people very negative. And that’s why I’m so bullish. So many people are still negative. It’s far from being a bubble.”That fund h

  • Nov 25, 2024

Fed's Kashkari: Interest-rate cut in December is 'reasonable'

"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.

  • Nov 25, 2024

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says

(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

  • Nov 25, 2024

Morocco preparing law to allow cryptocurrencies, central bank chief says

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday. Cryptocurrencies have been banned in Morocco since 2017, but the public continues to use them underground, circumventing restrictions. The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

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