Dow sinks more than 700 points as fresh data fuels inflation fear
Inflation and tariff worries sent shares of Wall Street’s most valuable companies sharply lower, with Apple, Microsoft and Amazon all losing ground. Read more
Business
Hawaii, national and international business and economic news.
Moderate spending, rising prices raise U.S. stagflation concerns
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
Coffee prices expected to jump as supply struggles worsen
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
Trump’s tariffs cast doubt on Hawaii vehicle sales forecast
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
On the Move: March 28, 2025
Accuity LLP has announced the following promotions and new hires. Read more
Hannemann resigns as HTA chair amid allegations of freebies
After Hannemann’s resignation today, the board elected former Honolulu City Council chairperson Todd Apo to serve as its new chair. Read more
Reddit down for thousands of U.S. users, X outage eases
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
Gold hits record high as U.S. tariffs spark trade tensions
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
Auto tariffs slam global carmakers, prices set to rise in U.S.
The new levies are a precursor to another expected round of wide-ranging U.S. tariffs to be levied next week. Read more
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Wall Street ends down sharply on tariff worries
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
President Trump announces 25% tariffs on automotive imports
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
Wall Street bonuses jump 32% as total surges to record
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
Wall Street job cuts loom as market turmoil stalls deals
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
Tech View: Windows 10’s ‘end of life’ imminent — what to do
A few years ago Microsoft announced that support for Windows 10 would end on Oct. 14. Read more
Digitized agriculture form disrupts tourism data
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
Former Hawaii island Mayor Roth joins Central Pacific Bank
Roth is a career public servant and community advocate for Hawaii island, having served as mayor from 2020 until 2024. Read more
On the Move: March 26, 2025
Ho‘ola ia Mauiakama Long Term Recovery Group has named Stephen Van Bueren as resources management coordinator. Read more
Dollar unmoored as traders unsure on tariffs
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
Apple sets date for developers conference to showcase updates
The event, accesible online, will highlight updates to the software powering iPhones, iPads and other Apple devices, the company said. Read more
U.S. consumer confidence drops to 4-year low on tariff fears
The survey’s measure of future expectations hit a 12-year low and breached a level associated with an economic downturn. Read more
Chinese network targets fired federal workers, research shows
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
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