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
Business
The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and 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
Brands ditch South Korean actor Kim Soo-hyun over dating scandal
The 37-year-old actor who gained popularity in South Korea and China over his role in hit South Korean drama series “My Love from the Star” and “Queen of Tears” has been accused of dating Kim Sae-ron when she was underage in a YouTube expose, citing testimonies from the actress’ relatives. Read more
Japanese students hope to rebuild Hawaii’s visitor industry
Japanese students remain the University of Hawaii’s largest international student group, with around 500 enrolled post-pandemic down from over 600 before COVID- 19. Read more
Revitalization plan in works for milk production on Kauai
One of the biggest local growers of fruits and vegetables, Aloun Farms, is seeking legislative backing to establish a dairy farm on Kauai described as a project to “revitalize” Hawaii’s dairy industry. Read more
Hawaiian Electric Industries sells Big Island power plant
The parent company of Hawaiian Electric no longer owns a Hawaii island power plant that had major operational problems in 2024 and was a drain on recent company finances. Read more
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Online tool is available to calculate income tax cut benefits
Hawaii taxpayers have a new way to see how much state income tax relief they should receive through 2031 under historic legislation enacted in 2024. Read more
Hawaii jobless rate holds at 3% for seventh straight month
Hawaii’s job market continues to be a picture of consistency. Read more
Inflation worries surge as U.S. consumer sentiment hits 2.5-year low
The deterioration in sentiment and inflation expectations reported by the University of Michigan Surveys of Consumers today was across political party affiliation. Read more
Gold pops above $3,000 for first time
Traditionally viewed as a safe store of value during geopolitical turmoil, bullion has risen nearly 14% so far this year, driven in part by concerns over the impact of Trump’s tariffs and a resultant selloff in stock markets. Read more
CrossFit looks for new owners amid years of shake-ups
The sale comes against the backdrop of several tumultuous years for the fitness brand, after a drowning at last year’s CrossFit Games, a significant drop in registrations for its annual membership-wide competition and deepening financial concerns. Read more
Ewa Beach affordable rental project under review
Located near Fort Weaver Road, the rental project will feature 119 units meant for eligible tenants who earn 60% or less of the area median income, or $83,550 a year for a four-person family, project plans indicate. Read more
Hospitality heroes honored at HLTA’s Na Po‘e Pa‘ahana Awards
The Hawai‘i Lodging & Tourism Association recently recognized the best of the state’s hospitality workforce at the 32nd annual Na Po‘e Pa‘ahana Awards, which drew 270 employee nominations from 80 properties across the state. Read more
Newsmax paid $40M in defamation case over election fraud claims
The companies settled privately last year, but the amount was disclosed in a Newsmax investor document dated March 7. Read more
Trump threatens 200% tariffs on European wine, spirits
Stocks fell on the news, as investors worried that Trump would enact stiffer trade barriers around the world’s largest consumer market. Read more
Wall Street slides on trade war fears; S&P 500 confirms correction
A broad selloff sent all three major U.S. stock indexes tumbling, with losses in tech and tech-related megacap shares dragging the Nasdaq nearly 2%. Read more
Tesla warns it could face retaliatory tariffs
The Tesla comments reflect those of many U.S. businesses concerned by Trump’s tariffs, but is notable because it is from Tesla. Read more
Farmers sue Trump over frozen Inflation Reduction Act funds
The USDA has frozen a broad swath of grants as it conducts an agency-wide spending review, including money for conservation and other farm programs funded by the IRA. Read more
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