The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
The Fed chief was addressing the prospect of central bank involvement in the idea of the government building a so-called Strategic Bitcoin Reserve once President-elect Donald Trump takes office. Read more
Under the European Union’s landmark Digital Markets Act that took effect last year, Apple must allow rivals and app developers to inter-operate with its own services or risk a fine of as much as 10% of its global annual turnover. Read more
Major automakers including General Motors, Toyota Motor and Volkswagen and the two airbag makers said in December 2023 that they opposed the NHTSA’s bid to seek recalls. Read more
The International Brotherhood of Teamsters said unionized workers at facilities in New York City; Skokie, Illinois; Atlanta, San Francisco and southern California will join the picket line to seek contracts guaranteeing better wages and work conditions. Read more
It was its 10th consecutive daily loss for the Dow, marking its longest losing streak since 1974 and its biggest daily percentage decline since early August. Read more
Musk said Congress should pass no laws until Trump returns to the White House next month, but some House of Representatives immediately said they would vote for the stopgap bill. Read more
U.S. central bankers now project they will make just two quarter-percentage-point rate reductions by the end of 2025. Read more
The move came only two days after TikTok and its Chinese parent company filed an emergency application. Read more
November saw 3.19 million foreign visitors for business and leisure, data from the Japan National Tourism Organization (JNTO) showed, bringing the total for 2024 so far to 33.4 million. Read more
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Workers United, which has a bargaining delegation that represents workers at 525 Starbucks stores in the United States, said the coffee giant has yet to bring a comprehensive economic package to the table, while hundreds of legal disputes over unfair labor practices remain unsettled. Read more
Honda and Nissan on Tuesday issued identical statements saying no merger had been announced by either company. Reuters has not independently verified the report. Read more
A major unknown is if the Hawaii Supreme Court rules in favor of lawyers representing insurance companies opposed to terms of the Maui settlement. Read more
Anthology Finn Partners has announced the following promotions and new hire. Read more
The boat ramp — the ocean access for boaters in Puna — was rendered unusable in 2018 when lava from Kilauea’s Lower East Rift Zone eruption raised a sandbar in front of the ramp. Read more
TikTok and ByteDance filed an emergency request to the justices for an injunction to halt the looming ban on the social media app used by about 170 million Americans while they appeal a lower court’s ruling that upheld the law. Read more
Investor sentiment also got a lift from the inclusion of MicroStrategy into the tech-heavy Nasdaq 100 index, which will likely lead to more inflows for the software firm turned bitcoin buyer. Read more
Trump said in his joint appearance with Son that the investment would create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure, with the money to be deployed before the end of Trump’s term. Read more
The recommendations, which have not been previously reported, come as the U.S. electric-vehicle transition stalls and China’s heavily subsidized EV industry continues to surge, in part because of its superior battery supply chain. Read more
Italian rival Ferrari will launch its first EV model in the first quarter of next year. Read more
Ka ‘Umeke Lama, which translates into Bowl of Enlightenment, was created to address the challenges that Hawaii and the U.S. Affiliated Pacific Islands face in providing comprehensive care. Read more
Maui Land & Pineapple Co. has named Kainoa Casco vice president of land productivity and asset management. Read more
