U.S., TikTok seek fast-track schedule, ruling on potential ban
TikTok said with a fast-track schedule it believes the legal challenge can be resolved without it needing to request emergency preliminary injunctive relief. Read more
Business
The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Apple set to release slimmer iPhone in 2025
The potential thinner version is likely to be priced higher than Apple’s iPhone Pro Max, and is expected to be launched with the iPhone 17 in September 2025, the report said. Read more
Dow closes at record high above 40,000
Strong corporate results and inflation and other economic data have bolstered investor hopes for Fed rate cuts this year. Read more
OpenAI strikes deal to bring Reddit content to ChatGPT
The deal underscores Reddit’s attempt to diversify beyond its advertising business, and follows its recent partnership with Alphabet to make its content available for training Google’s AI models. Read more
Rosy U.S. summer travel forecast excludes Hawaii
Travel to Hawaii from the mainland has been slowing down since before the Maui wildfires, and has continued into the start of this year. Read more
Benefactor Marc Benioff lauds Straub expansion as ‘new beginning’
Benioff and wife Lynne have lived on Hawaii island for many years with their family. Read more
On the Move: Garrett Hambaro and Willie Ammons
Kupu, Hawaii’s leading conservation and youth education nonprofit organization, has announced the addition of the following members to its team. Read more
China’s factories fire up but consumer slump persists
China’s factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure on Beijing to do more to support growth. Read more
Hawaii’s unemployment rate in April remains steady at 3.1%
The jobless rate hasn’t exceeded 3.1% since December 2022 when it was at 3.2%. Read more
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Walmart’s strong forecast sparks stock surge to record high
Some U.S. retailers in recent weeks have fanned concerns that consumer spending is waning, but behemoth Walmart is not one of them. Read more
FDA approves Amgen drug for small cell lung cancer
Patients in the study lived for a median of 14.3 months, compared with a typical survival rate of about five months. Read more
GameStop and AMC tumble as meme stocks rally deflates
Shares of the videogame retailer GameStop tumbled 30% to close at $27.67 after jumping as high as $64.83 on Tuesday. Read more
U.S. blocks imports from 26 Chinese firms amid Uyghur labor concerns
The companies are the latest additions to the Uyghur Forced Labor Prevention Act Entity List. Read more
Dow tops 40,000, world stocks hit record amid rate cut hopes
U.S. jobless claims fell in the latest week and figures showed U.S. import prices increased 0.9% last month. Read more
Why is car insurance so expensive?
Car insurers are still raising prices steeply: The price of motor vehicle insurance rose more than 22% in the year through April, the fastest pace since the 1970s. Read more
Musk’s Neuralink faces long-standing wire problems, sources say
The FDA declined to comment on whether it was aware of the issue or its possible significance. Read more
Honolulu planning panel considers next step on landfill alternative
The Planning Commission will have until June 3 to issue its final written decision. Read more
Cirque du Soleil’s Hawaii-themed ‘Auana set for December
Sal Salangsang plays a comedic trickster in ‘Auana, the new Cirque du Soleil show slated to debut Dec. 15 in Waikiki. Read more
On the Move: Gaven Sugai and Sara Maripuu
Kupu, Hawaii’s leading conservation and youth education nonprofit organization, has announced the addition of the following members to its team. Read more
Japan’s economy skids, clouding BOJ’s rate hike plans
Japan’s economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank’s push to get interest rates further away from near zero. Read more
SoftBank Corp aims to help workers by ‘softening’ angry customer calls with AI
Dealing with irate customers can be extremely stressful for call centre workers but Japan’s SoftBank Corp thinks it has a solution: artificial intelligence-enabled software that softens the tone of customers’ voices. Read more
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More Business
U.S., TikTok seek fast-track schedule, ruling on potential ban
Apple set to release slimmer iPhone in 2025
Dow closes at record high above 40,000
OpenAI strikes deal to bring Reddit content to ChatGPT
Rosy U.S. summer travel forecast excludes Hawaii
