The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Kristen Kavanaugh and Mike Randolph, speaking in a Reuters interview, said their experiences at Tesla prompted them to write a new book, “Courage over Fear,” which they described as a guide for navigating the “fear-based leadership” that they say they encountered at Musk’s company and that increasingly characterizes other U.S. corporations and government. Read more
The dollar has been the biggest casualty of Trump’s on-off tariffs, dropping 4.8% so far in April, which would mark its largest monthly decline since November 2022. Read more
All three major U.S. stock indexes posted sharp gains, with the “magnificent seven” group of artificial intelligence-related megacaps, boosted by AI-powered software firm ServiceNow’s better-than-expected quarterly results, giving the Nasdaq the edge. Read more
Alaska Air Group posted weaker-than-expected first-quarter earnings Wednesday due to negative impacts of macroeconomic factors on air travel demand. Read more
Hawaii auto sales continued to fall this year and badly trailed the rest of the country — with an uncertain future ahead because of President Donald Trump’s economic policies, the Hawaii Automobile Dealers Association reported Wednesday. Read more
Anthology FINN Partners has announced the following promotion and new hires. Read more
Discord is in talks to go public as early as this year, and was valued by private investors in 2021 at roughly $15 billion. Read more
All three major U.S. stock indexes pared gains by the closing bell. Read more
Kennedy’s comment came during a highly publicized news conference where he also asserted that he has “an understanding” with major food manufacturers to remove petroleum-based food colorings from their products by 2026. Read more
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U.S. stocks rallied on hopes that the two countries might lower the steep trade barriers they have erected over the past month, though there was no sign that negotiations might start anytime soon. Read more
The fines could stoke tensions with President Donald Trump, who has threatened to levy tariffs against countries that penalise U.S. companies. Read more
The tourism industry already has seen a drop in visitor arrivals, notably Canadians angry at Trump’s initial Canadian tariffs and his threats to make their country America’s 51st state. Read more
First Hawaiian Bank has announced the following promotions. Read more
Tesla shares, which had risen 4% in after-hours trading right before an earnings conference call began, spiked to trade up 5.5% on Musk’s comments. Read more
Owens’ departure follows a months-long legal battle with President Donald Trump, who sued CBS in October over a “60 Minutes” interview with his Democratic rival for the White House, former Vice President Kamala Harris. Read more
The verdict came in a retrial of Palin’s case, after a federal appeals court threw out a 2022 verdict in the Times’ favor. Read more
A broad rally boosted all three major U.S. indices by more than 2.5%, as investors looked past Trump’s ramped-up rhetoric against Federal Reserve Chair Jerome Powell, who is widely considered a stabilizing force for the markets. Read more
The suspension is another disruption to the nation’s food safety programs after the termination and departure of 20,000 employees of the Department of Health and Human Services, which includes the FDA, as part of President Donald Trump’s effort to shrink the federal workforce. Read more
The plan, expected to be described in detail at an event in Washington on Tuesday, targets dyes used in cereals, sports drinks and a host of other foods. Read more
Against a basket of currencies, the dollar slid as low as 97.923 today, its lowest since March 2022. The currency also fell to a decade-low against the Swiss franc, while the euro broke above $1.15. Read more
The money, plus 4% interest annually, will be paid out over six years under the terms of the agreement. Read more
