The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Japanese authorities are facing renewed pressure to combat sharp declines in the yen, as traders drive down the currency on expectations the interest rate differentials between Japan and the United States will remain wide. Read more
Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday, signalling readiness to intervene in the exchange-rate market after the yen’s slide to a fresh 38-year low against the dollar. Read more
Several economic data releases are due this week, leading to Friday’s release of the personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge used to decide on the path of monetary policy. Read more
The exercise found that 31 big banks would weather a spike in the jobless rate, severe market volatility, and dives in the residential and commercial mortgage markets and still retain enough capital to continue lending. Read more
The free airport cell phone lots will also continue to be available for those picking up passengers. Read more
The stock rose 3.4% to $192.70, giving the e-commerce giant a market value of over $2 trillion and putting it in the same club as technology heavyweights Microsoft Corp, Apple Inc, Nvidia Corp and Alphabet.. Read more
In some Toyota vehicles, the driver’s side curtain airbag may not unroll as intended and could partially deploy outside of an open window. Read more
Driverless vehicles are expected to drive commercial success for automakers even as regulatory scrutiny remains tight amid concerns of investors about growing investments in the nascent technology. Read more
The Hawai‘i Tourism Authority today is launching a visitor industry certification program, called Qurator, that offers Hawaii businesses a chance to earn an official mark of excellence, which fits into HTA’s push toward a more regenerative tourism model. Read more
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A Maui fire marshal ordered officials to thin the crowds inside a Maui County Planning Commission hearing Tuesday to review a proposal from Maui Mayor Richard Bissen to phase out thousands of vacation rentals. Read more
As Honolulu Star-Advertiser reporter Kevin Knodell stated Nov. 12 (“Hawaii playing a central part in the ‘Pacific Century’”), the University of Hawaii at Manoa-based East-West Center continues to play a role in America’s “pivot to the Pacific.” However, EWC is not just about diplomats bumping fists and shaping foreign policy. Read more
Atlas Insurance Agency has hired Shannon Mar as assistant vice president of the agency’s Small Business Unit. Read more
A union representing Hollywood film and television crew said today it has reached a tentative three-year deal with major studios that includes agreed-on pay hikes and guardrails against the use of artificial intelligence (AI). Read more
Makers of the Chinese liquor baijiu are reformulating the fiery grain liquid to appeal to a wider client base, including cocktail drinkers in New York, Los Angeles and London, as sales at home slow. Read more
Analysts said traders were testing the resolve of Japan’s Ministry of Finance and central bank. Read more
The economists say Trump’s economic plans would reignite inflation, in part because of his pledge to impose stiffer tariffs on Chinese imports, which they say will hike prices on many goods bought by U.S. consumers. Read more
More than 100 million people across the U.S. were under heat warnings as of Sunday, with cities on the East Coast bracing for record-breaking temperatures. Read more
This is the latest recall by the automaker over the issue since 2016. Read more
The greenback firmed against the euro, yen, Swiss franc, sterling, and commodity currencies, such as the Australian and New Zealand dollars. Read more
The agency said on Monday it expects to screen more than 32 million travelers during the 2024 Independence Day travel period that runs from Thursday through July 8, which is 5.4% higher than 2023 levels. Read more
There are sprouts of life, even profitability, on the landscape of print media and magazines, cratered by the pixilated bombardment of the digital age. Read more
