The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Trump said there will be flexibility on tariffs and that his top trade chief plans to speak with his Chinese counterpart next week. The president also reiterated his plan to use duties as a way to narrow the U.S. trade deficit with China. Read more
The Next Generation Air Dominance program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to enter combat alongside drones. Read more
Tesla cars from model year 2017 or newer accounted for 1.4% of all the vehicles traded in until March 15, up from 0.4% in March last year, according to data provided to Reuters by Edmunds. Read more
The first phase of a planned years-long renovation of the Neal S. Blaisdell Concert Hall has largely been completed, city officials said. Read more
“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
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
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
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
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
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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 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
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
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
he Honolulu Museum of Art has named Clint Riley chief advancement officer. Read more
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
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
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
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
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
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
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
