The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
The Waikiki Beach Special Improvement District Association is collaborating with local government agencies and stakeholders to develop an interim beach restoration and mitigation plan for the state to save Waikiki’s beaches. Read more
State lawmakers are considering diverting a state fund used almost exclusively to develop low-income rental housing to build apartments for residents with higher incomes — topping out well above what most people earn. Read more
Statewide, the Health Department has approved a total of 25 retail cannabis dispensaries, including 11 of Oahu, two on Kauai, six on Maui, and six on Hawaii island. Read more
There is no gift shop, no factory tour, no visitors’ center at Just Born Quality Confections. That doesn’t stop fans from coming anyway. Read more
Japan does not manipulate the currency market to weaken the yen, Finance Minister Katsunobu Kato told parliament on Friday, countering accusations from U.S. President Donald Trump that Japan intentionally depreciates its currency to help exporters. Read more
Japan is considering increasing its soybean and rice imports as a concession in trade negotiations with the U.S. over President Donald Trump’s sweeping tariffs, Japan’s Yomiuri daily reported on Saturday. Read more
Eric Kingma, executive director of the Hawaii Longline Association, told the Honolulu Star-Advertiser on Friday, “You can have both ocean protection as well as allowing sustainable fisheries to occur. They can be compatible.” Read more
Industry analysts have blamed the avian influenza outbreak for the shortage of eggs on the U.S. mainland. Read more
The deal has been closely watched by financial executives, who see it as a litmus test for how quickly the administration of President Donald Trump will approve mergers in a sector they see as ripe for consolidation. Read more
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It is unclear how the Hawai‘i Tourism Authority board will deal with concerns over late payments to contractors and state probes to determine whether the agency committed procurement or ethics violations. Read more
UnitedHealth plunged 22% and kept the blue-chip Dow in negative territory after the insurer lowered its annual profit forecast on expectations of high medical costs for the rest of the year. Read more
Huang had been invited to meet with the China Council for the Promotion of International Trade, a state-backed trade body, according to state media. Read more
Some experts believe the overall cost for the Golden Dome could reach hundreds of billions of dollars. Read more
U.S. District Court Judge Leonie Brinkema is considering a request by the Justice Department to break the company up, with a three-week hearing on the matter scheduled to begin Monday. Read more
Wholesale prices for domestic rice have surged about 70% over the past year to hit their highest levels since current records began in 2006. Read more
Car buyers are moving away from Teslas and toward models like General Motors’ Chevrolet Equinox electric vehicle, which starts around $35,000 and can travel more than 300 miles on a charge, Cox Automotive, the research firm, said in a report. Read more
Powell, in remarks for the Economic Club of Chicago, said larger-than-expected tariffs likely mean higher inflation and slower growth. Read more
“For the time being, we are well-positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell said in prepared remarks to the Economic Club of Chicago. Read more
With the stock market selling off and consumer sentiment tanking amid a darkening economic outlook wrought by President Donald Trump’s tariff campaign, the robust sales pace reported by the Commerce Department today will probably fizzle in the months ahead as consumers hunker down. Read more
Tokyo sent its economic revitalisation minister Ryosei Akazawa to kick-start the talks, expecting to face Trump’s Treasury Secretary Scott Bessent in Washington, and had hoped to limit the scope of discussions to trade and investment matters. Read more
COVID is still a leading cause of death among both adults and children. Read more
