3 charged in arson attacks at Tesla dealerships
“Let this be a warning: if you join this wave of domestic terrorism against Tesla properties, the Department of Justice will put you behind bars,” Bondi said. Read more
Business
Hawaii, national and international business and economic news.
Celtics sold for $6.1B, highest price in North American sports
The sale price is the highest for a North American sports franchise, topping the $6.05 billion paid for the NFL’s Washington Commanders by a group led by Josh Harris and far surpassing the $4 billion valuation of the Phoenix Suns when Mat Ishbia bought the team in 2023 — the previous high for an NBA team. Read more
Wall Street dips as investors weigh economy and tariff outlook
Selling pressure has intensified in recent weeks after a string of economic indicators signaled the economy and consumer sentiment may be cooling as the Trump administration imposes reciprocal trade tariffs. Read more
Dollar rises as Fed signals it is in no rush to cut rates
Recent U.S. data have helped temper worries over slowing U.S. growth, that prompted the dollar to sag as much as 7% against the euro since mid-January, Jayati Bharadwaj, a global FX strategist at TD Securities said. Read more
U.S. labor market holding steady, but job opportunities dwindling
Despite the low level of layoffs, more people are staying on jobless rolls longer compared to the same period last year, the report from the Labor Department today showed. Read more
Tesla removed from Vancouver Auto Show over safety concerns
The safety concerns come as protesters across the United States stage demonstrations targeting Tesla’s CEO Elon Musk, who is spearheading the Department of Government Efficiency’s move to shrink the federal government. Read more
Tesla recalls most Cybertrucks over panel detachment risk
Tesla is recalling the cars because of the risk of a stainless-steel exterior trim panel detaching from the vehicle, causing a potential road hazard and raising the chances of a crash, it said. Read more
Elon Musk issued summons in SEC case over X stake disclosure
A process server gave the civil summons and other documents on March 14 to a security guard at the Brownsville, Texas, headquarters of SpaceX, the space technology company of which Musk is CEO, the filing said. Read more
Canadians cite Trump in canceling trips to Hawaii
The messages from Canadians who have already canceled their trips offer a reminder that Trump and his policies are hurting Hawaii’s largest economic driver, tourism. Read more
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On the Move: Clint Riley
he Honolulu Museum of Art has named Clint Riley chief advancement officer. Read more
Trump says recession may be worth it, economists push back
Trump promised to end inflation “starting on Day 1” and declared, in his inaugural address, that “the golden age of America begins right now.” Read more
White House forces out CEO of passenger railroad Amtrak
Billionaire Elon Musk, who is advising Trump on plans to radically shrink the U.S. government, said earlier this month he thought Amtrak should be privatized. Read more
Ben & Jerry’s says Unilever ousting CEO over social activism
In a Tuesday night filing in Manhattan federal court, Ben & Jerry’s said Unilever advised on March 3 that it was “removing and replacing” Stever without approval from its independent board, after repeatedly threatening personnel if they did not comply with the parent’s “efforts to silence the social mission.” Read more
Wall Street rallies after Fed keeps rates steady
The Dow rose 383.32 points, or 0.92%, to close at 41,964.63; the S&P 500 gained 60.63 points, or 1.08%, to 5,675.29; and the Nasdaq Composite gained 246.67 points, or 1.41%, to 17,750.79. Read more
Fed leaves interest rates unchanged but signals cuts ahead
While not mentioning President Donald Trump or tariffs in the statement, the projections for higher inflation this year coincide with the unveiling of his tariff plans. Read more
Hawaii sees continued growth in solar installations and capacity
According to HECO’s latest data, Oahu leads the state in solar adoption, with 78,100 systems installed, followed by Maui with 18,137 and Hawaii island with 17,762. Read more
Yen eases after BOJ holds, dollar wobbles ahead of Fed outcome
The yen swung between losses and gains shortly after the decision, though later traded decisively lower. It last edged down 0.2% to 149.56 per dollar. Read more
Gold hits record high on safe-haven demand
U.S. gold futures firmed 0.1% to $3,042.20. Read more
Japan’s land prices rise at strongest pace in 34 years
It was the fastest pace since 1991, before land prices began a long decline in the wake of the bursting of the asset “bubble.” Read more
Tesla gets first in a series of permits to run robotaxis in California
The California Public Utilities Commission (CPUC) said it approved Tesla’s application for a transportation charter-party carrier permit (TCP), a license typically associated with chauffeur-operated services, allowing the company to own and control a fleet of vehicles and transport employees on pre-arranged trips. Read more
Barnwell sells water drilling subsidiary for $1,050,000
The subsidiary is a deep drilling and well pumping specialist in the exploration and development of groundwater resources for government, commercial and private clients in Hawaii. Read more
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