The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
The Hawaii Food & Wine Festival’s popular HMAA Presents Keiki in the Kitchen event is pairing up this year with the Hawaii State Farm Fair on Aug. 3 and 4 at Whitmore Village in Wahiawa. Read more
Coldwell Banker Realty has announced the following new independent agents. Read more
Construction of the plant at Novo’s existing main U.S. manufacturing site in Clayton, North Carolina, will be completed between 2027 and 2029, and will add 1,000 workers to the 2,500 already employed there, the Danish company said. Read more
The greenback rose to 159.94 earlier in the session, the highest since April 29, when the yen touched a 34-year low of 160.245. Read more
Investors still expect about two rate cuts this year, pricing in a 61% chance of a 25-basis-point cut in September, as per LSEG’s FedWatch. The Fed’s own latest projection is for one rate cut likely in December. Read more
NASA has rescheduled the planned return three times, and now has no date set for it. Read more
The three largest pharmacy benefit managers, or PBMs, act as middlemen overseeing prescriptions for more than 200 million Americans. Read more
The Justice Department must decide by July 7 whether to prosecute Boeing. The recommendation of prosecutors handling the case has not been previously reported. Read more
The fire and a series of explosions ripped through the factory run by primary battery manufacturer Aricell in Hwaseong, an industrial cluster southwest of the capital Seoul. Read more
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The charges signal that the EU, already known as an aggressive regulator of the tech industry, plans to intensify its crackdown. Read more
The union, one of the biggest in the country with more than 43,000 members, said that almost 90% of its members had approved strike action. Read more
Honolulu Mayor Rick Blangiardi’s administration is evaluating the authority provided to the counties under a new state law that allows counties to phase out short-term rentals as well as regulate their “time, place and manner.” Read more
Putting more power lines underground is an expensive part of a plan by the state’s largest electrical utility to reduce wildfire risk, and that price could come down under an ongoing national effort with a Hawaii connection. Read more
Castle & Cooke Hawaii has announced the following new hires. Read more
Despite vacation rental crackdowns and looming legislative reforms, vacation rental supply statewide still accounts for a significant portion of Hawaii’s housing stock. Read more
The trials included 1,145 patients and were focused on a condition known as heart failure with preserved ejection fraction, or HFpEF, in which the muscles of the heart stiffen and draw in less blood. Read more
The proposed military spending in Hawaii comes as the mood in the Pacific is tense. Read more
A Honolulu Star-Advertiser analysis of all the units slated for conversion in West Maui under Mayor Richard Bissen’s proposal shows that most of them were originally condominiums developed for resort use. Read more
Over 20 workers from the two Max’s of Manila Restaurant locations in Hawaii will receive more than $307,000 in back wages and damages after a U.S. Department of Labor investigation found that kitchen staff were not paid required overtime rates. Read more
Waiola Development Partners has dropped out of consideration, leaving Aloha Halawa District Partners as the lone finalist to build a replacement for the stadium. Read more
As more customers returned to Chinatown this weekend, business owners expressed gratitude for the support. Read more
