The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Parkway Village at Kapolei, a major affordable rental housing initiative under the Low-Income Housing Tax Credit Program, celebrated its grand opening Tuesday, marking a significant milestone in addressing Oahu’s housing crisis. Read more
Hawaii’s unemployment rate hasn’t budged in half a year. Read more
The five-day strike, which began on Friday and initially closed Starbucks cafes in Los Angeles, Chicago and Seattle, has added locations in New Jersey, New York, Philadelphia and St. Louis, Workers United said in a statement. Read more
The old stadium won’t be torn down until a contract is finalized between the state and the developer, which is expected in the summer. Read more
Residents across the state will see less being withheld from their paychecks beginning in January. Read more
Funding is expected to come from HTA’s budget for sports and signature events, for which $7.3 million was allocated for fiscal year 2025 and $9.9 million for fiscal year 2026. Read more
Nearly a quarter of Tesla’s global revenue in 2023 drew from sales of Chinese-made vehicles from the Shanghai factory, DeLauro said. Read more
After the data, traders raised their slightly increased expectations for Fed rate cuts in 2025, now expecting the first one in March and another by October. Read more
The regulator approved the drug for moderate to severe obstructive sleep apnea in adults with obesity, the company said. Read more
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The report from the Commerce Department today showed moderate monthly rises in prices, with a measure of underlying inflation posting its smallest gain in six months. Read more
This is the latest in a series of labor actions that have picked up pace across service industries following a period when workers at manufacturers in the automotive, aerospace and rail industries won substantial concessions from employers. Read more
The increases hit consumers already grappling with stubborn inflation and bracing for potentially higher prices on a broad range of items if President-elect Donald Trump follows through on plans to slap tariffs on goods from China and Mexico. Read more
The contractor who erroneously built the house was ordered by the judge to deposit the funds for the demolition and removal of debris by Jan. 21 into an account established by the court. Read more
United flight attendants held a labor picket Thursday at Daniel K. Inouye International Airport in advance of the busy holiday travel rush when travelers don’t want to think about disruptions and delays. Read more
Workers United, representing employees at 525 Starbucks stores across the U.S., said on Thursday that walkouts will escalate daily, and could potentially reach hundreds of stores nationwide by Dec. 24, unless an agreement is reached. Read more
Shares jumped about 9% in after-hours trading, adding $6 billion to FedEx’s market capitalization. Read more
Warehouse workers in cities including New York, Atlanta and San Francisco were taking part in what Teamsters officials called the largest-ever strike against Amazon — but which may cause barely a ripple in the company’s extensive shipping operations. Read 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
