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Yahoo
6 days ago
- Business
- Yahoo
Government-funded grocery store flounders in Midwest city as similar proposal gains steam in NYC
A community-owned grocery store in Kansas City, Missouri, is on the brink of closing as the concept of municipal subsidies for such stores gets more attention around the country due to the New York City mayoral race. The local government in Kansas City sought to address a so-called "food desert" — a term used to describe areas without access to full-service grocery stores that sell fresh produce, meat and other healthier options along with the standard supermarket fare. The store, known as KC Sun Fresh, lost nearly $900,000 over the last year and received tens of millions of dollars dating back to 2018. The store's nonprofit operator's pre-pandemic success gave way to a downturn in the years since the pandemic, as customer traffic dropped and the store's operations suffered. FOX Business Network's Kelly Saberi visited the store and noted that large portions of the store's shelves were bare or only partially stocked — including meat, produce and dry goods. Mamdani's Public Grocery Stores May Have Devastating Effects On City's Food Supply One customer told Saberi that the quality of products and the price they sell for in comparison to other local options is better, though another took issue with the lack of inventory for shoppers and said a change of ownership would be beneficial. Read On The Fox Business App "There's no meat. There's no vegetables. There's no nothing. Are you going to take care of the community that's surrounded around you? If not, sell the store to someone that can be more responsible," the patron told Saberi. Grocery Ceo Warns Nyc Could Become 'Like Havana Under Castro' If Progressive Candidate Wins Kansas City Mayor Quinton Lucas acknowledged the crime issues impacting the area around the store, though he noted another grocery store nearby is faring well, so the city needs to find a way to resolve the operational issues. "While I hear and understand the crime issues and concerns, there's a grocery store right down the street — largely in the same kind of area, some of the same criminal numbers and statistics — that still is doing pretty darn well," Lucas said. "So we do want to make sure that we can get those operations right and that's the work that we're collaboratively trying to do." Grocery stores run on relatively thin profit margins that fall into the range of 1% to 3%, which can make it very difficult to operate in a financially sustainable manner. Grocery Chain Shutters Multiple Locations As Industry Struggles Continue To Mount Zohran Mamdani, the Democratic nominee for the New York City mayoral race who has advocated for socialist policies, included a plan in his campaign platform to create city-owned grocery stores in each of the city's five boroughs. "They will buy and sell at wholesale prices, centralize warehousing and distribution, and partner with local neighborhoods in products and sourcing," his platform states. Mamdani's plan calls for halting city subsidies to private grocery stores to redirect those funds to a real "public option." Chicago Mayor Brandon Johnson proposed a city-owned grocery store in 2023 after the city experienced the closure of a Walmart and Whole Foods. However, Johnson's administration has since backed off the plan for a city-owned grocery store and is exploring the creation of a city-owned farmer's market — potentially with multiple locations — that would be more focused on providing vendors with a location to sell products instead of a full-fledged article source: Government-funded grocery store flounders in Midwest city as similar proposal gains steam in NYC Solve the daily Crossword
The Hindu
10-07-2025
- Politics
- The Hindu
Gaza truce talk: Hamas agrees partial hostage release in 'difficult' truce talks
Hamas on Wednesday (July 9, 2025) said it would release 10 hostages as part of Gaza ceasefire talks after Israel struck an upbeat note about the prospects for a deal to stop the fighting in the embattled Palestinian territory. The Islamist group's statement came after four days of indirect talks brokered by Qatar and as the United States signalled its belief that agreement for a 60-day truce would be struck before the end of the week. U.S. special envoy Steve Witkoff said part of the deal would be the return of 10 living hostages held by militants since Hamas's October 7, 2023 attack on Israel, which sparked the war. Of 251 hostages seized during the assault on Israeli border communities near Gaza, 49 are still held in the territory, including 27 the Israeli military says are dead. In its statement, Hamas said key hurdles remained in the talks, notably the free flow of aid into Gaza, Israeli military withdrawal from the territory and "real guarantees" for a lasting peace. But it added: "The movement displayed the required flexibility and agreed to release 10 prisoners (hostages). "Despite the difficulty of negotiations over these issues until now due to the intransigence of the occupation, we continue to work seriously and with a positive spirit with the mediators to overcome the hurdles and end the suffering of our people and ensure their aspirations to freedom, safety and a dignified life." Israel earlier appeared to fall in behind U.S. President Donald Trump and his optimism for an end to the conflict, as the talks in Doha stretched into a fourth day with reported complaints on its stance on aid. Israeli army chief Eyal Zamir said in a televised address that military action had prepared the ground for a deal that would bring home the Israeli hostages. Netanyahu, who after talks with Trump in Washington on Tuesday night was still uncompromising in his determination to crush Hamas, said he believed an agreement was on the horizon. "I think we're getting closer to a deal," he told FOX Business Network's Mornings with Maria programme. "There's a good chance that we'll have it." Foreign Minister Gideon Saar also said he thought a temporary deal was "achievable" and could even herald talks for a more lasting peace, while President Isaac Herzog talked of "a historic opportunity" for change. "We are in an era of tectonic shifts, where the global balance of power and the regional strategic landscape are being reshaped," Herzog said. "We must not miss this moment." 'Gaza will not surrender' Netanyahu is insistent he wants to permanently neutralise the threat to Israel from Hamas. But he is under increasing pressure at home and abroad to end the war, particularly as the death toll of soldiers killed by homemade bombs and ambushes in Gaza increases. The military announced on Wednesday (July 9, 2025) another soldier had been killed in combat in Gaza. Hamas has vowed "Gaza will not surrender". One Palestinian source familiar with the negotiations in Doha said the Israeli delegation was "mostly listening rather than negotiating, which reflects Netanyahu's ongoing policy of obstruction and sabotaging any potential agreement". The militant group had previously rebuffed pressure to release all the hostages, demanding an end to the war and a full Israeli withdrawal from Gaza, while Israel wants to ensure militants in Gaza never again threaten its security. Qatari mediators had warned on Tuesday it would take time to seal a deal. Explosion continues in Gaza On the ground, Gaza's civil defence agency said Wednesday (July 9, 2025) 26 people were killed in Israeli strikes, at least six of them children. "The explosion was massive, like an earthquake," said Zuhair Judeh, 40, who witnessed one of the strikes, which prompted frantic scenes as people scrabbled in the rubble for survivors. "The bodies and remains of the martyrs were scattered," he added, calling it "a horrific massacre". In response to an AFP request for comment on a strike on the Al-Shati camp near Gaza City, the Israeli military said it "struck a number of Hamas terrorists". Due to restrictions imposed on media in the Gaza Strip and difficulties accessing the area, AFP is unable to independently verify the death tolls and details shared by the parties involved. Hamas's October 2023 attack resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally based on Israeli official figures. Israel's retaliatory campaign has killed at least 57,680 people in Gaza, also mostly civilians, according to the Hamas-run territory's health ministry. The United Nations considers the figures reliable.
LeMonde
09-07-2025
- Politics
- LeMonde
Hamas agrees to partial hostage release in 'difficult' truce talks
Hamas on Wednesday, July 9, said it would release 10 hostages as part of Gaza ceasefire talks after Israel struck an upbeat note about the prospects for a deal to stop the fighting in the embattled Palestinian territory. The Islamist group's statement came after four days of indirect talks brokered by Qatar and as the United States signalled its belief that an agreement for a 60-day truce would be struck before the end of the week. US special envoy Steve Witkoff said part of the deal would be the return of 10 living hostages held by militants since Hamas's October 7, 2023 attack on Israel, which sparked the war. Of 251 hostages seized during the assault on Israeli border communities near Gaza, 49 are still held in the territory, including 27 the Israeli military says are dead. Key hurdles remain, according to Hamas In its statement, Hamas said key hurdles remained in the talks, notably the free flow of aid into Gaza, Israeli military withdrawal from the territory and "real guarantees" for a lasting peace. But it added: "The movement displayed the required flexibility and agreed to release 10 prisoners (hostages). "Despite the difficulty of negotiations over these issues until now due to the intransigence of the occupation, we continue to work seriously and with a positive spirit with the mediators to overcome the hurdles and end the suffering of our people and ensure their aspirations to freedom, safety and a dignified life." Israel earlier appeared to fall in behind US President Donald Trump and his optimism for an end to the conflict, as the talks in Doha stretched into a fourth day with reported complaints on its stance on aid. Israeli army chief Eyal Zamir said in a televised address that military action had prepared the ground for a deal that would bring home the Israeli hostages. Netanyahu, who after talks with Trump in Washington on Tuesday night was still uncompromising in his determination to crush Hamas, said he believed an agreement was on the horizon. "I think we're getting closer to a deal," he told FOX Business Network's Mornings. "There's a good chance that we'll have it." Foreign Minister Gideon Saar also said he thought a temporary deal was "achievable" and could even herald talks for a more lasting peace, while President Isaac Herzog talked of "a historic opportunity" for change.
Yahoo
09-07-2025
- Business
- Yahoo
Copper prices hit record high after Trump announces 50% import tariff
Copper prices surged on Tuesday following President Donald Trump's announcement that he will impose a 50% tariff on copper imports as he seeks to boost domestic production of the critical metal. The price of copper hit a record high following the president's announcement at a Cabinet meeting in front of the press that his administration will impose a 50% tariff on copper, following Trump's move earlier this year to initiate a national security review of copper imports that is expected to conclude this summer. "Today we're doing copper," the president said. "I believe the tariff on copper, we're going to make it 50%," though he didn't specify whether it would be limited to copper imports from certain countries. Commerce Secretary Howard Lutnick indicated the tariffs will be imposed later in July or in August. Copper futures rose 13% following the announcement, the biggest one-day move in the commodity's history, as the tariff plans signaled more constraints on an already in-demand metal. Trump Pledges 50% Tariff On Copper Imports Phil Flynn, senior market analyst at the Price Futures Group and FOX Business Network, wrote in an investor note that copper was already facing a "structural shortage" due to it being in high demand as a conductive metal amid rising electricity demand stemming from data centers and artificial intelligence. Read On The Fox Business App Flynn wrote that the "market realized just how critically tied global copper supplies really are" and added that the copper market "may need a shock to get prices higher so we can meet the demand" that's expected to continue to grow in the future. Trump's Energy Department Warns Americans Could Face 800 Hours Of Blackouts By 2030 Adam Turnquist, chief technical strategist for LPL Financial, wrote in an investor note that investors "were caught off guard, as the market had been expecting a much lower tariff rate." Turnquist added that the surge in demand for U.S. copper pushed domestic prices to a 25% premium over copper trading at the London Metal Exchange, which has seen copper inventories depleted and could lead to a global supply shortage. "Rising copper prices could significantly affect copper-intensive sectors such as building construction, equipment manufacturing, electric vehicles, and electronic products," Turnquist wrote. "The widespread use of copper might also fuel inflation concerns." Copper prices have risen more than 37% in 2025 so far, including a 29% rise in the past six months and an increase of more than 12% in the last month. Over the past year, copper prices are up more than 21%. Fox News Digital's Michael Dorgan and Reuters contributed to this article source: Copper prices hit record high after Trump announces 50% import tariff Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Indian Express
09-07-2025
- Politics
- New Indian Express
Israel shifts tone, toes Trump's line in Gaza ceasefire talks with Hamas
JERUSALEM: Israel struck an upbeat note about the prospects for a ceasefire and hostage-release deal in Gaza on Wednesday, falling in behind US President Donald Trump and his optimism for an end to 21 months of bitter fighting in the Palestinian territory. With Israeli Prime Minister Benjamin Netanyahu in Washington, indirect talks stretched into a fourth day in Qatar, with reported complaints of Israeli intransigence on aid distribution to starving civilians. Army chief Eyal Zamir said in a televised address that military action had prepared the ground for a deal that would bring home the Israeli hostages seized by militant group Hamas. "We have achieved many significant results, we have caused great damage to the governance and military capabilities of Hamas," he said. "Thanks to the operational power that we have demonstrated, the conditions have been created to advance a deal to release the hostages." Earlier Netanyahu, who after talks with Trump on Tuesday night was still uncompromising in his determination to crush Hamas, said he believed an agreement was on the horizon. "I think we're getting closer to a deal," he told FOX Business Network's Mornings with Maria programme. "There's a good chance that we'll have it." Foreign Minister Gideon Saar also said he thought a temporary deal was "achievable" and could even herald talks for a more lasting peace, while President Isaac Herzog talked of "a historic opportunity" for change. "We are in an era of tectonic shifts, where the global balance of power and the regional strategic landscape are being reshaped," Herzog said. "We must not miss this moment," he added.
