The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
CharisseYlitalo had sought a three-month rental in Huntsville, Alabama, where she and her husband Christopher had just sold their home, to minimize disruptions for their children before moving to Hawaii. Read more
Stickier-than-expected inflation and uncertainty over the effects of President-elect Donald Trump’s economic policies when he takes power on Jan. 20 had already put U.S. central bankers on a path for slower interest rate cuts this year. Read more
The Labor Department’s closely watched employment report today also showed a decline last month in the number of people who have permanently lost their jobs and a shortening in the median duration of unemployment. Read more
The benefits and drawbacks of having Honolulu’s next solid waste landfill located in Central Oahu were highlighted at the state Capitol this week. Read more
Aloha United Way, in partnership with the Bank of Hawaii Foundation, released the 2024 ALICE in Hawaii report Thursday, urging policy action to address rising living costs, housing instability and economic challenges especially faced by the state’s ALICE — asset-limited, income-constrained, employed — households. Read more
Hawaiian Telcom announced a groundbreaking initiative Thursday to make Hawaii the nation’s first fully fiber-enabled state by 2026, with the project already more than halfway completed. Read more
The company said it will invest in 350 “go-forward” Macy’s locations across the country through fiscal 2026. Read more
“One sees relatively low premiums in high-risk markets in California, but that might be starting to change,” said Philip Mulder, a University of Wisconsin professor who studies the industry. Read more
Jasper Cooper, senior credit officer for Moody’s Ratings, expected insured losses to amount to billions of dollars given the area’s high values of homes and businesses. Read more
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The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) employer group, in a joint statement, called the agreement a “win-win.” Read more
The move comes ahead of a Jan. 19 deadline by which ByteDance has to sell the platform or face a ban under a law signed by President Joe Biden on April 24. Read more
The Service Employees International Union, which represents nearly 2 million workers in industries like home health care and janitorial services, said Wednesday that it would become part of the AFL-CIO, an umbrella group of more than 50 unions that represents more than 12.5 million workers. Read more
The state experienced a job vacancy rate of 14% for health care workers, down from 17% in 2022. Read more
Atlas Insurance Agency has hired Craig Okutani as senior risk consultant for its client consulting services department. Read more
The European Commission had in November fined Meta $840 million over abusive practices benefiting Facebook Marketplace. Read more
If the proposal makes it to a vote at the company’s annual meeting it would raise a charged topic after a senior executive was gunned down in Manhattan last month. Read more
In a complaint filed on Monday in St. Louis federal court, Ann Altman said the abuse occurred at the family home in suburban Clayton, Missouri, beginning when she was three and her brother was 12. Read more
The minutes of the Federal Reserve’s Dec. 17-18 meeting showed today that officials saw a rising risk that price pressures may remain sticky as policymakers began wrestling with the impact of policies expected from the incoming Trump administration. Read more
Japan’s economy minister Ryosei Akazawa’s public comment is the first by a senior Japanese official over security issues raised by a $47 billion buyout offer by Canada’s Alimentation Couche-Tard. Read more
The sale covers the Dunlop brand and its trademarks in Europe, North America and Oceania, the company said. Read more
Much like resort fees at hotels, secure sockets layer certificates (referred to as SSL certificates) for websites are basically a requirement that cannot be avoided without a huge headache. What exactly is an SSL certificate, and why do you need it? Read more
