Gov. Josh Green’s state budget accounts for tax cuts, fire settlement
A major unknown is if the Hawaii Supreme Court rules in favor of lawyers representing insurance companies opposed to terms of the Maui settlement. Read more
Business
The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
On the Move: Dec. 17
Anthology Finn Partners has announced the following promotions and new hire. Read more
Pohoiki Bay dredging projected to begin in February
The boat ramp — the ocean access for boaters in Puna — was rendered unusable in 2018 when lava from Kilauea’s Lower East Rift Zone eruption raised a sandbar in front of the ramp. Read more
TikTok turns to Supreme Court in last-ditch bid to avert ban
TikTok and ByteDance filed an emergency request to the justices for an injunction to halt the looming ban on the social media app used by about 170 million Americans while they appeal a lower court’s ruling that upheld the law. Read more
Bitcoin rallies past $107,000, hopes grow for strategic reserve
Investor sentiment also got a lift from the inclusion of MicroStrategy into the tech-heavy Nasdaq 100 index, which will likely lead to more inflows for the software firm turned bitcoin buyer. Read more
Trump, SoftBank CEO announce $100 billion U.S. investment
Trump said in his joint appearance with Son that the investment would create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure, with the money to be deployed before the end of Trump’s term. Read more
Trump team eyes reversal of Biden EV, emissions policies
The recommendations, which have not been previously reported, come as the U.S. electric-vehicle transition stalls and China’s heavily subsidized EV industry continues to surge, in part because of its superior battery supply chain. Read more
Lamborghini delays first EV launch to 2029 as market not ready
Italian rival Ferrari will launch its first EV model in the first quarter of next year. Read more
UH partnership will target disparities in cancer outcomes
Ka ‘Umeke Lama, which translates into Bowl of Enlightenment, was created to address the challenges that Hawaii and the U.S. Affiliated Pacific Islands face in providing comprehensive care. Read more
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On the Move: Kainoa Casco
Maui Land & Pineapple Co. has named Kainoa Casco vice president of land productivity and asset management. Read more
Queen’s plans new hospital in Kailua-Kona with helipad, housing
The Queen’s Health Systems plans to build an 80-bed hospital next to the Kailua-Kona Costco on Hawaii island that would include a helipad to cut travel time to its trauma center on Oahu and, critically, construct adjacent, below-market-rate housing to recruit and retain some of the estimated 300 hospital staff, nurses and doctors. Read more
On the Move: Michelle Bartell and Anahita Mostafavi
Aloha United Way has named Michelle Bartell its new chief executive officer effective Jan. 1. Bartell currently serves as senior vice president and director of community advancement, and will succeed CEO John Fink, who will retire. Read more
Hale Moiliili high-rise to offer Hawaiian Home Lands’ housing
The project on the site of the former Stadium Bowl-o-Drome, was celebrated Friday at a groundbreaking ceremony attended by DHHL officials, Gov. Josh Green, Mayor Rick Blangiardi, and U.S. Reps. Jill Tokuda and Ed Case. Read more
Canada says it will respond robustly if U.S. imposes tariffs
Trump has said he will keep the tariffs in place until Canada clamps down on drugs and migrants crossing the border. Read more
T-Mobile announces $14B share buyback program
T-Mobile’s latest shareholder return program is in addition to the $19 billion announced in September 2023, running through Dec. 31 this year. Read more
Poll: Americans sour on tariffs tied to rising inflation
Only 29% of respondents in the six-day poll, which closed on Tuesday, agreed with a statement that “it’s a good idea for the U.S. to charge higher tariffs on imported goods even if prices increase,” while 42% disagreed. Read more
Trump team seeks to scrap crash reporting rule Tesla opposes
Removing the crash-disclosure provision would particularly benefit Tesla, which has reported most of the crashes – more than 1,500 – to federal safety regulators under the program. Read more
Costco tops quarterly sales, profit estimates on steady demand
The company’s shares, which are up 51% so far this year, rose nearly 1% in extended trading. Read more
Honolulu City Council approves seizure of Queen Theater
Resolution 176 would have the city seize the theater, shuttered since 1985, along with the rest of the 10,396-square-foot commercial parcel.The property is valued at $3.173 million. Read more
New Honolulu facility offers interim housing, services to families
The Ohana Navigation Center will serve hundreds of children, parents and family members annually, helping prevent and end homelessness. Read more
On the Move: Amy Nguyen-Chyung
Hawaii Pacific University has named Amy Nguyen-Chyung the next dean of the College of Business effective in July; she currently serves as a consultant at the university prior to her tenure as dean. Read more
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