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Vance takes on a more visible transition role, working to boost Trump's most contentious picksBY SAMANTHA CHRISTMANN Dec. 11, 2024 The Chick-fil-A location on Walden Avenue in Cheektowaga won't get a sister location in Clarence after the company decided not to demolish a former Applebee's and build on the lot. Chick-fil-A drops plans for Clarence Chick-fil-A has scrapped plans it floated two years ago for a restaurant in the Eastgate Plaza in Clarence after the town voiced traffic and congestion concerns for the project. The Georgia-based chicken sandwich chain with a rabid following will no longer open a location at 5017 Transit Road. It had planned to demolish a former Applebee's restaurant there and build a 5,000-square-foot Chick-fil-A restaurant with a drive-thru. It would have been the Northtowns' first Chick-fil-A restaurant. It's the second time Chick-fil-A has pulled out of a project after facing pushback from an Erie County municipality. Plans for a store in Delaware Consumer Square in North Buffalo also were scrapped after neighbors complained and the company faced issues with an easement on the property. The company is still moving ahead with plans for a store at 6610 Niagara Falls Blvd., Niagara Falls. It has locations in Hamburg, Cheektowaga and Depew. Welcome to Buffalo Next. This newsletter from The Buffalo News will bring you the latest coverage on the changing Buffalo Niagara economy – from real estate to health care to startups. Read more at BuffaloNext.com . Tops finishes $3 million renovation of Depew store Tops Markets has invested nearly $3 million in the renovation of its store at 5175 Broadway in Depew. The store is one of five formerly franchised locations it acquired from Phil Perna-led group Supermarket Management in April . The 77,000-square-foot store is the 45th renovation Tops has completed in the last five years. The nearly 30-year-old store is managed by Chris Hoffman. “This considerable investment will offer customers a renewed shopping experience starting with associates that the community knows and trusts, expanded amenities and a wide variety of high-quality local, national and own brands all at a great value," said Ron Ferri, president, Tops Markets. The renovation brought a new storefront, new paint and LED lighting inside and out, new awnings and landscaping, energy-efficient equipment, new shopping carts and cart corrals, expanded self-checkouts, renovated restrooms and updated decor. The fresh offerings in the perimeter of the store also have been expanded, including more antibiotic-free meat, sustainable seafood, plant-based options, organic groceries, fresh produce, bakery assortment and gluten-free items. The store also has a new full-service Starbucks Cafe and a new private waiting area in its pharmacy. “At Tops, we constantly evaluate the best ways to serve our customers and reinvest into our communities. These latest enhancements will help make life a little easier for shoppers by focusing on a strong combination of convenience, selection, quality and low prices every day,” said Mark Dudziak, a Tops district manager. Go! Toys and Games here to stay If you have been to a mall during the holiday shopping season, you've seen Go! They're a retail chain of pop-up toy stores and calendar kiosks that temporarily open in shopping malls to capitalize on holiday traffic. Very rarely, a Go! Toys and Games store will set up shop with hopes of staying permanently. That's what the location at the Fashion Outlets of Niagara Falls USA has done. Go! Toys and Games has opened at that mall in the former Against All Odds store, across from Loft and Calvin Klein and next to Kay Jewelers. The mall also has a temporary Go! Calendars and Games kiosk that will be at the mall until January, along with other Go! calendar kiosks at Walden Galleria and McKinley Mall. Chuck E. Cheese opens in North Buffalo Chuck E. Cheese has opened a new location at 2638 Delaware Ave. In addition to its traditional arcade, the $1.55 million buildout includes one of the franchise's first Ninja Run obstacle courses and Trampoline Zones in New York. Along with its live show featuring animatronic performers, the new location has an interactive dance floor. Chuck E. Cheese has another location at 4408 Milestrip Road in Hamburg. Kulture Khazana enters 11 Macy's stores Kulture Khazana, an Amherst business that makes cultural toys and puzzles celebrating South Asian heritage , is now selling its products in 11 Macy's stores. "These products are more than just toys - they’re a way to celebrate diversity and connect with cultural stories through play," said Akruti Babaria, the company's founder. Babaria created Kulture Khazana as a way to connect her son, Ayaan, with his Indian heritage. Babaria came to Amherst from Gujarat, West India, with her college professor father and school principal mother when she was 16 years old. Products are available at select Macy's stores in Oregon, California, New Jersey, New Hampshire and in the New York City area. Kulture Khazana's products have been featured on "Good Morning America," and are also sold at Nordstrom and Target.com . More pot dispensaries open in WNY Several new state-licensed recreational cannabis dispensaries have opened in Erie and Niagara counties. The new shops include: That brings the total number of licensed recreational cannabis dispensaries in the Western New York region to 25. The state, which has been criticized for its slow rollout of the retail market, has been opening dispensaries locally at a rate of about eight per year. There are 263 adult-use dispensaries throughout the state. THE LATEST Residents are asking the Bills to use CBA funds to help revitalize the neighborhood where it once played . The Hamburg IDA went on record against a proposed moratorium on new apartments. Wells Enterprises is getting cheap hydropower from the New York Power Authority for its expansion in Dunkirk. Micron has finalized the financing of its massive $6 billion chip plant in Syracuse – and that's good news for the Buffalo Niagara region's hope to build its tech sector . An Orchard Park medical device maker is cutting 80 jobs – a quarter of its local staff. As the state ramps up its glacially slow pace of granting legal cannabis licenses, one industry group now worries the process will go too fast – and create too much competition. A Buffalo law firm is forming a strategic partnership with a local political lobbying firm. A panel monitoring the Buffalo Bills Community Benefits Agreement wants more details on who's getting construction contracts – and the Bills are balking at providing it. With demise of Braymiller , will downtown Buffalo ever get another grocery store? The snowstorms of the past week have been exactly what local ski areas have been hoping for . Buffalo officials are seeking a $2 million Restore NY grant to repair the downtown hostel buildings . A Buffalo housing court judge is losing patience with the owner of the Buffalo Grand Hotel and Wonder Bread building. Sumitomo Rubber USA reached an agreement with its unionized former workers on a severance package. A Clarence plaza is getting a major makeover that will add apartments and townhouses, along with more commercial space. Ingram Micro is cutting 850 jobs across its operations , but isn't specifying the impact on its Western New York workforce. Federal regulators have lifted the consent order that Lake Shore Savings Bank operated under for nearly two years. ICYMI Five reads from Buffalo Next: 1. Buffalo Niagara Partnership sees new home as a 'hub' . Business group preparing to move to Cobblestone District. 2. Report notes pay gap between men and women has significant economic effects in NY. Women's Foundation of WNY says gap impacts women into retirement. 3. Sumitomo, union reach separation agreement. The deal covers about 1,200 Steelworkers who lost their jobs when the plant closed. 4. Lake Shore Bank freed from order that found 'unsafe and unsound business practices'. Federal regulators announced the consent order nearly two years ago. 5. Ingram Micro not specifying Western New York cuts. The technology company has 1,250 employees in Amherst. The Buffalo Next team gives you the big picture on the region’s economic revitalization. Email tips to buffalonext@buffnews.com or reach Buffalo Next Editor David Robinson at 716-849-4435. Was this email forwarded to you? Sign up to get the latest in your inbox five days a week . Email tips to buffalonext@buffnews.com . Be the first to know Get local news delivered to your inbox!Trump wants pardoned real estate developer Charles Kushner to be ambassador to France
Communication is key
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WEST PALM BEACH, Fla. — An online spat between factions of Donald Trump's supporters over immigration and the tech industry threw internal divisions in his political movement into public display. The rift laid bare the tensions between the newest flank of Trump's movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump's Make America Great Again base who championed his hard-line immigration policies. The debate touched off this week when Laura Loomer, a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump's selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. People are also reading... Loomer declared the stance to be "not America First policy" and said the tech executives who aligned themselves with Trump did so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer's comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks, whom Trump tapped to be the "White House A.I. & Crypto Czar." Musk and Ramaswamy, whom Trump tasked with finding ways to cut the federal government, weighed in, defending the tech industry's need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump's world and what his political movement stands for. Trump had not yet weighed in on the rift. His presidential transition team did not respond to questions about positions on visas for highly skilled workers or the debate between his supporters online. Instead, his team instead sent a link to a post on X by longtime adviser and immigration hard-liner Stephen Miller that was a transcript of a speech Trump gave in 2020 at Mount Rushmore in which he praised figures and moments from American history. Musk, the world's richest man who has grown close to the president-elect, was a central figure in the debate, not only for his stature in Trump's movement but his stance on the tech industry's hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. Critics say they undercut U.S. citizens who could take those jobs. Some on the right called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry's need to bring in foreign workers. "There is a permanent shortage of excellent engineering talent," he said in a post. "It is the fundamental limiting factor in Silicon Valley." Trump's own positions over the years reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He focused on immigrants who come into the U.S. illegally but he also sought curbs on legal immigration, including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program "very bad" and "unfair" for U.S. workers. After he became president, Trump in 2017 issued a "Buy American and Hire American" executive order, which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump's businesses, however, hired foreign workers, including waiters and cooks at his Mar-a-Lago club, and his social media company behind his Truth Social app used the the H-1B program for highly skilled workers. During his 2024 campaign for president, Trump said immigrants in the country illegally are "poisoning the blood of our country" and promised to carry out the largest deportation operation in U.S. history. However, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. "I think you should get automatically, as part of your diploma, a green card to be able to stay in this country," he told the "All-In" podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump's budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes. Be the first to know Get local news delivered to your inbox!
The City boss is enduring the worst run of his glittering managerial career after a six-game winless streak featuring five successive defeats and a calamitous 3-3 draw in a match his side had led 3-0. The 53-year-old, who has won 18 trophies since taking charge at the Etihad Stadium in 2016, signed a contract extension through to the summer of 2027 just over a week ago. Yet, despite his remarkable successes, he still considers himself vulnerable to the sack and has pleaded with the club to keep faith. “I don’t want to stay in the place if I feel like I’m a problem,” said the Spaniard, who watched in obvious frustration as City conceded three times in the last 15 minutes in a dramatic capitulation against Feyenoord in midweek. “I don’t want to stay here just because the contract is there. “My chairman knows it. I said to him, ‘Give me the chance to try come back’, and especially when everybody comes back (from injury) and see what happens. “After, if I’m not able to do it, we have to change because, of course, (the past) nine years are dead. “More than ever I ask to my hierarchy, give me the chance. “Will it be easy for me now? No. I have the feeling that still I have a job to do and I want to do it.” City have been hampered by a raft of injuries this term, most pertinently to midfield talisman and Ballon d’Or winner Rodri. The Euro 2024 winner is expected to miss the remainder of the season and his absence has been keenly felt over the past two months. Playmaker Kevin De Bruyne has also not started a match since September. The pressure continues to build with champions City facing a crucial trip to title rivals and Premier League leaders Liverpool on Sunday. Defeat would leave City trailing Arne Slot’s side by 11 points. “I don’t enjoy it at all, I don’t like it,” said Guardiola of his side’s current situation. “I sleep not as good as I slept when I won every game. “The sound, the smell, the perfume is not good enough right now. “But I’m the same person who won the four Premier Leagues in a row. I was happier because I ate better, lived better, but I was not thinking differently from who I am.” Guardiola is confident his side will not stop battling as they bid to get back on track. He said: “The people say, ‘Yeah, it’s the end of that’. Maybe, but we are in November. We will see what happens until the end. “What can you do? Cry for that? You don’t stay long – many, many years without fighting. That is what you try to look for, this is the best (way). “Why should we not believe? Why should it not happen with us?”Officials from the Telangana Drugs Control Administration (DCA) raided a medical shop in Hanamkonda district and uncovered illegal stocking of physician’s samples. During the operation, the DCA seized goods valued at ₹1 lakh. Physician’s samples, produced by pharmaceutical companies for doctors to distribute to their patients as free samples, are strictly prohibited from being sold. The raid conducted at Kranthi Medical and General Stores in Velair village of Hanamkonda led to the discovery of 65 varieties of physician’s samples, along with six expired drugs. DCA officials stated that further investigation is under way, and strict legal action will be taken against the offenders in accordance with law. Published - December 09, 2024 04:40 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit'Embarrassed is an understatement': SocDems says it's taken 'a knock' with Hayes controversy
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Two Canadian Cabinet ministers left a meeting at Mar-a-Lago on Friday without assurances President-elect Donald Trump will back away from threatened tariffs on all products from the major American trading partner. The Canadians called the talks “productive” and said there would be further discussions but one official said the Americans remain fixated on the U.S. trade deficit with Canada. > Philadelphia news 24/7: Watch NBC10 free wherever you are Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly met with Howard Lutnick, Trump’s nominee for commerce secretary, as well as North Dakota Gov. Doug Burgum, Trump’s pick to lead the Interior Department. Trump has threatened to impose 25% tariffs on all Canadian products if Canada does not stem what he calls a flow of migrants and fentanyl into the United States — even though far fewer of each cross into the U.S. from Canada than from Mexico, which Trump has also threatened. “Minister LeBlanc and Minister Joly had a positive, productive meeting at Mar-a-Lago with Howard Lutnick and Doug Burgum, as a follow-up to the dinner between the Prime Minister and President Trump last month,” said Jean-Sébastien Comeau, a spokesman for LeBlanc. Comeau said both ministers outlined the measures in Canada's billion-dollar plan to increase security at the border and reiterated “the shared commitment to strengthen border security as well as combat the harm caused by fentanyl to save Canadian and American lives.” Comeau said Lutnick and Burgum agreed to relay the information to Trump. Stories that affect your life across the U.S. and around the world. A senior Canadian official, however, said the Americans remain preoccupied on the U.S. trade deficit with Canada and want it to shrink. The official spoke on condition of anonymity as they were not authorized to speak publicly on the matter. Trump has made an issue of the U.S. trade deficit, erroneously calling it a subsidy. Canada’s ambassador to Washington, Kirsten Hillman, has said the U.S. had a $75 billion trade deficit with Canada last year. But she noted a third of what Canada sells into the U.S. are energy exports and said there is a deficit when oil prices are high. About 60% of U.S. crude oil imports and 85% of U.S. electricity imports are from Canada. Alberta alone sends 4.3 million barrel s of oil per day to the U.S which tends to consume about 20 million barrels a day. The Trump transition team did not immediately respond to a message seeking comment. Further discussions are expected in the coming weeks. Joly will also have dinner with U.S. Sen. Lindsey Graham on Friday. Trump has been trolling Prime Minister Justin Trudeau on social media in recent weeks by calling him the Governor of the 51st state. Trudeau has not directly responded, but did post a link Thursday to a six-minute video on YouTube from 2010 in which American NBC journalist Tom Brokaw “explains Canada to Americans.” “Some information about Canada for Americans” Trudeau wrote in the post on X. The video, which originally aired during the 2010 Vancouver Olympics, explains similarities between the two countries, the massive trading relationship and the actions of the Canadian military in World War 2 and Afghanistan. “In our darkest hours Canada has been with us,” Brokaw says in the video. “In the long history of sovereign neighbors there has never been a relationship as close, productive and peaceful as the U.S. and Canada.” Trudeau has told Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products. Nearly $3.6 billion Canadian dollars ($2.7 billion) worth of goods and services cross the border each day. Canada is the top export destination for 36 U.S. states. Flows of migrants and seizures of drugs are vastly different at the U.S.’s two land borders. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border during the last fiscal year, compared with 21,100 pounds at the Mexican border. Most of the fentanyl reaching the U.S. — where it causes about 70,000 overdose deaths annually — is made by Mexican drug cartels using precursor chemicals smuggled from Asia. On immigration, the U.S. Border Patrol reported 1.53 million encounters with migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time.
Stock Radar: Down 20% from highs! PCBL breaks out of inverse Head & Shoulder pattern; time to buy?Shares of Tata Power Company Ltd. traded at Rs 441.80 on BSE at 10:15AM (IST) on Monday, 0.53 per cent from previous close. The stock quoted a 52-week low price of Rs 292.25 and a high of Rs 494.85. Earlier, shares of the company saw a gap up opening in the morning. A total of 237,322 lakh shares changed hands on the counter till 10:15AM (IST). The stock of Tata Power Company Ltd. commanded a market value of Rs 141553.54 crore, according to BSE. 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Return on equity (ROE) was at 11.42 per cent, according to exchange data. In the BSE500 pack, 272 stocks traded in the green, while 227 stocks were in the red. The stock's beta value, which measures volatility in relation to the broader market, stood at 1.7336. Promotor/FII Holding Promoters held 46.86 per cent in Tata Power Company Ltd . as of 30-Sep-2024 while overseas and domestic institutional investors owned 9.17 per cent and 9.13 per cent, respectively. Moving averages The 200-DMA of the stock stood at 428.2 on December 09, while the 50-DMA was at 438.3. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. (You can now subscribe to our ETMarkets WhatsApp channel )NEW YORK (AP) — Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose to 4.62%. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Technology stocks are dragging down the market Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.3%, with more than 90% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 418 points, or 1%, to 42,878 as of 1:43 p.m. Eastern time. The Nasdaq composite fell 1.8%. Technology stocks were the biggest weight on the market Friday. Semiconductor giant Nvidia slumped 2.7%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2% decline. A wide range of retailers also fell. Amazon fell 1.9% and Best Buy slipped 1.8%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy stocks held up better than the rest of the market, with a loss of just 0.1% as crude oil prices rose 1.4%. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. “There's just some uncertainty over this relief rally we've witnessed since last week,” said Adam Turnquist, chief technical strategist for LPL Financial. Despite Friday's drop, the market is moving closer to another standout annual finish . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve's interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though Inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.7% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns he combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Thursday. The yield on the two-year Treasury slipped to 4.31% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity. Damian J. Troise, The Associated Press