Hawaii, national and international business and economic news.
Federal Reserve Chair Jerome Powell acknowledged last week that inflation had started to rise “partly in response to tariffs,” adding that “there may be a delay in further progress over the course of this year.” Read more
Raw arabica prices have spiked due to four successive seasons of deficit as adverse weather makes it harder to grow enough of the delicate beans to meet consumer demand. Read more
Hawaii’s auto dealers ended 2024 down 3% in sales and were expecting a rebound this year until the enthusiasm was abruptly halted when President Donald Trump announced 25% tariffs on foreign auto imports and auto parts this week. Read more
Accuity LLP has announced the following promotions and new hires. Read more
After Hannemann’s resignation today, the board elected former Honolulu City Council chairperson Todd Apo to serve as its new chair. Read more
There were more than 28,000 incidents of people reporting issues with Reddit as of 3:40 p.m. ET (9:40 a.m. Hawaii time), Downdetector showed, which tracks outages by collating status reports from a number of sources. Read more
Spot gold climbed 1% to $3,050.32 an ounce as of 01:40 p.m. ET (8:40 a.m. Hawaii time) after hitting an all-time high of $3059.30. Read more
The new levies are a precursor to another expected round of wide-ranging U.S. tariffs to be levied next week. Read more
Shares of Tesla dropped 5.6% and General Motors lost 3.1%, with investors uncertain about the scale of tariffs, retaliatory measures from trading partners and potential ripple effects on the global economy and businesses. Read more
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Shares of U.S. automakers fell today over concerns that tariffs would send shock waves through a global auto industry that is already reeling from uncertainty. Read more
After profits rose 90% in 2024, the latest bonus data reflected the first major increase since banks reaped a windfall in the wake of the COVID-19 pandemic. Read more
President Donald Trump’s threats to impose tariffs on trading partners have roiled markets, weighed on capital markets activity and raised the risk of an economic slowdown. Read more
A few years ago Microsoft announced that support for Windows 10 would end on Oct. 14. Read more
Akamai Arrival, the pilot program for a digitized agriculture disclosure form, left out the optional tourism questions from the back of the form, creating a blip in the state’s continuous tourism arrivals set that goes back to before the jet age. Read more
Roth is a career public servant and community advocate for Hawaii island, having served as mayor from 2020 until 2024. Read more
Ho‘ola ia Mauiakama Long Term Recovery Group has named Stephen Van Bueren as resources management coordinator. Read more
The dollar reversed by about 0.5% on the yen overnight, crossing below 150 yen to sit at 149.95 early in the Asia session. Read more
The event, accesible online, will highlight updates to the software powering iPhones, iPads and other Apple devices, the company said. Read more
The survey’s measure of future expectations hit a 12-year low and breached a level associated with an economic downturn. Read more
Little information is publicly available on the four consultancies and recruitment companies allegedly involved in the network, which in some cases shared overlapping websites, were hosted on the same server, or had other digital links. Read more
The potential new revenue stream for Musk’s company comes after he donated nearly $300 million to support the 2024 campaign of Trump as he sought a return to the White House. Read more
