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. “Consumers continue to prove the skeptics wrong – zero-emission vehicles are here to stay," Newsom said in a statement. "We’re not turning back on a clean transportation future — we’re going to make it more affordable for people to drive vehicles that don’t pollute.” Newsom’s proposal is part of his plan to protect California's progressive policies ahead of Republican President-elect Donald Trump's second term. He called the state Legislature to convene in a special session to help “Trump-proof” state laws by giving the attorney general’s office more funding to fight federal challenges. But a budget shortfall could complicate California’s resistance efforts. Early budget projections show the state could face a $2 billion deficit next year, according to a report released last week by the nonpartisan Legislative Analyst’s Office. That’s an improvement from an estimated $46.8 billion deficit the state faced last year, but the shortfall could still curtail the state’s ability to expand new programs and fight federal legal challenges. Legislative leaders in both chambers have said the state needs to stay prudent in anticipation of future budget deficits. Karoline Leavitt, a spokeswoman for Trump's transition team, said the president-elect would deliver on his campaign promises, “including stopping attacks on gas-powered cars.” “When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars AND electric vehicles,” she said in a statement. Money for the new rebate system could come from the state's Greenhouse Gas Reduction Fund, which is funded by polluters under the state’s cap-and-trade program, the governor's office said. Officials didn’t say how much the program would cost or how the rebates would work. California has surpassed 2 million zero-emission vehicles sold, according to Newsom's office. The state has passed policies in recent years to transition away from fossil fuel-powered cars , trucks , trains and lawn mowers . Trump previously vowed to end federal electric vehicle tax credits , which are worth up to $7,500 for new zero-emission vehicles. There’s also a $4,000 credit for used ones. But Trump later softened his stance as Tesla CEO Elon Musk became a supporter and adviser. Newsom's proposed rebates could exclude Tesla and other automakers in an effort to promote more market competition and innovation, according to the governor's office. But that is subject to negotiation with the state Legislature. Musk called Tesla's possible exclusion “insane” in a post on X. About 42% of rebates went to people buying or leasing Tesla vehicles under the state's previous clean vehicle rebate program, according to data from the California Air Resources Board. Trump criticized Newsom on social media after the governor called for a special session, calling out the high cost of living in California and the state’s homelessness crisis. Trump said Newsom was “stopping all of the GREAT things that can be done to ‘Make California Great Again.’” Newsom said on his podcast earlier this month that he reached out to Trump after the election. He said at a news conference last week that he still hadn’t heard back from the president-elect. California's defunct Clean Vehicle Rebate Program offered rebates on electric cars as high as $2,500.
Sysco's SYY short percent of float has risen 14.68% since its last report. The company recently reported that it has 14.65 million shares sold short , which is 3.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. See Also: List of the most shorted stocks Sysco Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for Sysco has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. Comparing Sysco's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. According to Benzinga Pro , Sysco's peer group average for short interest as a percentage of float is 4.32%, which means the company has less short interest than most of its peers. Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it. This article was generated by Benzinga's automated content engine and was reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Undercover FBI agents were not present during the 2021 attack on the US Capitol by Donald Trump supporters, a Justice Department watchdog said Thursday in a report debunking a popular right-wing conspiracy theory. "We found no evidence in the materials we reviewed or the testimony we received showing or suggesting that the FBI had undercover employees in the various protest crowds, or at the Capitol, on January 6," Justice Department inspector general Michael Horowitz said in an 88-page report. Thousands of Trump supporters stormed the US Capitol on January 6 in a bid to prevent congressional certification of Democrat Joe Biden's election victory. Right-wing media and even some Republican lawmakers have spuriously claimed that undercover FBI agents provoked the attack on Congress, which followed a fiery speech by Trump in which he falsely claimed the election had been stolen. The inspector general said that while no undercover FBI agents were present at the Trump rally or the Capitol, 26 FBI informants known as confidential human sources (CHS) were in Washington at the time. Three of the informants had been tasked with reporting on domestic terrorist suspects while the others were there on their own. "None of these FBI CHSs were authorized to enter the Capitol or a restricted area, or to otherwise break the law on January 6, nor was any CHS directed by the FBI to encourage others to commit illegal acts on January 6," the report said. The inspector general also said there had been an intelligence-gathering failure by the FBI ahead of the January 6 attack. "While the FBI undertook significant efforts to identify domestic terrorism subjects who planned to travel to the Capital region on January 6," the report said, "the FBI did not take a step that could have helped the FBI and its law enforcement partners with their preparations. "Specifically, the FBI did not canvass its field offices in advance of January 6, 2021, to identify any intelligence, including CHS reporting, about potential threats to the January 6 Electoral Certification," it said. FBI deputy director Paul Abbate was quoted as saying this was a "basic step that was missed" in "understanding the threat picture prior to January 6." Trump was impeached by the Democratic-majority House of Representatives following the attack on the Capitol, but acquitted by the Senate. He is to return to the White House on January 20 after defeating Vice President Kamala Harris in the November presidential election. More than 1,500 people have been charged in connection with the assault on Congress. Trump has lauded them as "patriots" and "political prisoners" and pledged to pardon many of them when he returns to the White House. cl/stNEW YORK CITY (WABC) -- Mayor Eric Adams took Eyewitness News on an exclusive look at the City's outreach efforts to homeless New Yorkers sleeping in the subway system. The program has often been criticized because it sometimes involves removing people against their will. Mayor Adams is touting its success and says the safety of subway riders is the number one priority. Beneath the glittering sidewalks of Herald Square, homeless outreach workers are pleading with a man with bare feet. Others approach another man who doesn't want to move. "This-this breaks my heart, right here," Mayor Adams said. He said he is determined to change it. "You came into office saying what?" Eyewitness News reporter N.J. Burkett asked. "That we can't continue to act like we don't see you," Adams said. The mayor invited Eyewitness News to tour the Herald Square subway station late Wednesday night, along with NYPD Commissioner Jessica Tisch, where nurses and social workers teamed-up with New York City police officers. It's part of the mayor's latest initiative to offer shelter and services to the homeless, and to involuntarily commit those with severe mental illness, who refuse treatment. "Critics say that he should have a right to be in a public subway system or on a public street. And he shouldn't be harassed by the city or by the police," Burkett said. "The critics are so far removed from what everyday New Yorkers want, you know, they are being philosophical. And everyday New Yorkers, they are saying this should not happen," Adams said. Over the past three months, more than 5,000 have been approached and roughly one third have accepted care, including treatment. The mayor insists that's progress. "1,700 have taken us up on the services. Those are good numbers," Adams said. Just Thursday morning, Eyewitness News saw three people, sprawled out across the seats sleeping-onboard a crowded uptown No. 2 train. N.J. Burkett showed Adams a video of a man in the Fulton Street station, "This is a guy, he's got a Skittles box on his head." "He's unkempt, he's soiled himself. This is a picture perfect example of why we should not be saying he has a right to be out there. He doesn't know he needs help. We have to give him that," Adams said. Crime is down in the transit system so far this year, but the commissioner admits it doesn't feel that way. "The mayor was very clear with me when I started this job, the priorities are bringing crime down and making people feel safer," Tisch said. "The mayor has launched a number of initiatives, this being a prime example to get at those things that create the feeling of disorder in the city." "It's about understanding our responsibility to help people who are in desperate need but just can't recognize it, themselves. And so, to me, there's nothing aggressive about trying to help somebody and there's nothing respectful about leaving somebody to rot," Brian Stettin, Deputy Mayor for Health and Human Services said. * Get Eyewitness News Delivered * Follow us on YouTube * More local news * Send us a news tip * Download the abc7NY app for breaking news alerts Have a breaking news tip or an idea for a story we should cover? Send it to Eyewitness News using the form below. If attaching a video or photo, terms of use apply.
CJ Donaldson has two short TD runs, West Virginia beats UCF 31-21 to become bowl eligibleManmohan Singh Death: Dr Manmohan Singh, India's former Prime Minister and a celebrated economist, breathed his last on Thursday, December 26, at the age of 92. He was admitted to AIIMS Delhi after his health worsened and was being treated in the emergency department. The Congress party mourned the loss of its senior leader and extended heartfelt condolences to his family. Continues below advertisement window.addEventListener("load", function() { let ad_unit_fire_time = 1000; if(ad_delay_time_abp > 0){ ad_unit_fire_time = parseInt(ad_delay_time_abp) + 500; } setTimeout(function () { googletag.cmd.push(function() { googletag.display("div-gpt-ad-9167143-2"); }); },ad_unit_fire_time) }); Before taking up the mantle of Prime Minister, Singh served as the 22nd Union Minister of Finance from June 1991 to May 1996, a tenure that marked a transformative period for the nation's economy. Let's take a moment to look back. Continues below advertisement window.addEventListener("load", function() { let ad_unit_fire_time = 1000; if(ad_delay_time_abp > 0){ ad_unit_fire_time = parseInt(ad_delay_time_abp) + 500; } setTimeout(function () { googletag.cmd.push(function() { googletag.display("div-gpt-ad-1253031-3"); }); },ad_unit_fire_time) }); 'I Didn't Take It Seriously' Singh was handpicked by then-Prime Minister P.V. Narasimha Rao to helm the Finance Ministry during a time of severe economic crisis. Reflecting on his entry into politics, Singh once recounted how Rao had to personally ensure he attended the swearing-in ceremony, a role he initially did not anticipate seriously. In an interview with British journalist Mark Tully in 2005, Singh amusingly recalled, "On the day (Rao) was formulating his cabinet, he sent his Principal Secretary to me saying, 'The PM would like you to become the Minister of Finance'. I didn't take it seriously." Singh added, "He eventually tracked me down the next morning, rather angry, and demanded that I get dressed up and come to Rashtrapati Bhavan for the swearing-in. So that's how I started in politics" ALSO READ: When Manmohan Singh Scrapped 'Licence Raj' And Saved India From An Economic Crisis With His 'L P G Reforms' The Crisis At Hand Manmohan Singh's tenure as India's Finance Minister from 1991 to 1996 is widely regarded as a watershed moment in the country's economic history. Taking office during a period of profound financial turmoil, he played a pivotal role in reshaping India's economic policies and steering the nation toward liberalisation and globalisation. When Singh assumed office in June 1991, India was grappling with one of its worst economic crises. The fiscal deficit had ballooned to nearly 8.5 per cent of GDP, and foreign exchange reserves were critically low, barely enough to cover two weeks' worth of imports. The country was also burdened by a soaring current account deficit and mounting external debt. The severity of the situation compelled India to approach the International Monetary Fund (IMF) for financial assistance. Structural Reforms & Policy Overhaul As Finance Minister, Singh introduced a slew of bold and transformative reforms that redefined India's economic framework. Among the most significant measures were: Liberalisation of the economy : Singh dismantled the restrictive Licence Raj, which had stifled private enterprise for decades. This move reduced bureaucratic hurdles and empowered businesses to operate more freely. Reduction in import tariffs : By lowering protectionist barriers, he facilitated greater trade and integration with the global economy. Privatisation initiatives : Public sector enterprises, long considered the backbone of India's socialist model, were partially privatised to improve efficiency and attract investment. Foreign Direct Investment (FDI) : Singh opened up various sectors to foreign investors, boosting capital inflows and technological advancements. Tax reforms : The tax regime was simplified, broadening the tax base and improving compliance. These reforms, although controversial, were instrumental in averting an economic collapse and positioning India on the path to becoming a global economic power. Challenges & Resistance Singh faced significant resistance, both from within the Government and his own party. Many in the Congress opposed deregulation, fearing the political repercussions of moving away from the socialist policies championed by leaders like Jawaharlal Nehru and Indira Gandhi. However, with the steadfast support of Prime Minister P.V. Narasimha Rao, Singh managed to implement these changes, despite the criticism. Singh’s reforms earned him widespread recognition, with many crediting him for laying the foundation for India's robust economic growth in the decades that followed. His contributions were often compared to those of Deng Xiaoping, who led China’s economic reforms in the late 20th century. 1992 Securities Scandal Despite his successes, Singh’s tenure was not without challenges. In 1993, his ministry faced criticism during a parliamentary investigation into the 1992 securities scam, a financial scandal involving irregularities in Government securities trading. Although he offered to resign, Prime Minister Rao rejected his resignation and reaffirmed his confidence in Singh’s integrity and leadership. Decisive Shift For The Nation Singh’s tenure as Finance Minister marked a decisive shift in India's economic trajectory. His pragmatic approach, visionary policies, and ability to navigate political resistance not only rescued India from the brink of economic collapse but also set the stage for the country's emergence as a major player in the global economy. His work during this period remains a testament to his intellect, resilience, and unwavering commitment to India's progress. Even decades later, the reforms he championed continue to shape the nation’s economic policies and serve as a benchmark for effective governance.7 tips to prepare for next year’s taxes now