Fed debates rate adequacy amid inflation surge
Many U.S. central bank officials, including Fed Chair Jerome Powell, have said they still think further rate hikes will prove unnecessary. Read more
Business
Hawaii, national and international business and economic news.
Japan closely monitoring weak yen, prime minister warns
Japanese authorities are suspected to have intervened in the currency market last week to prop up the yen, which has been languishing at lows not seen for more than three decades. Read more
Agency investigates 210K Ford trucks over fuel leaks, fires
The National Highway Traffic Safety Administration said its Office of Defects Investigation has received 27 complaints, including 12 reports of fires and a total of four injuries. Read more
Personal income in Hawaii might contract this year
A shrinking population and a weak labor force will constrain Hawaii’s economy this year and cause inflation-adjusted personal income growth to slow along with broader measures of economic health. Read more
Highgate picks up Kaimana Beach Hotel management agreement
Highgate, a hotel management, investment and development company, will take over management of the Kaimana Beach Hotel this summer. Read more
On the Move: Peter Fukunaga and Emily Fukunaga
Servco Pacific has promoted Peter Fukunaga to chief investment officer and treasurer from senior vice president of investments and Emily Fukunaga to vice president of Servco Parts Center from director of supply chain management transformation. Read more
U.S. probes near-miss incident between Southwest and FedEx planes
The Cancun, Mexico-bound Southwest flight, with 123 passengers and five crew aboard, safely departed. There were three crew members on the FedEx plane. Read more
World stocks rally as U.S. jobless claims, rate cut hopes rise
Following a sluggish open, the major U.S. indices pulled higher with the Dow industrials rising for a seventh straight session. Read more
TikTok to label AI-generated content from OpenAI, elsewhere
The company already labels AI-generated content made with tools inside the app, but the latest move would apply a label to videos and images generated outside of the service. Read more
Don't miss out on what's happening!
Stay in touch with top news, as it happens, conveniently in your email inbox. It's FREE!
By clicking to sign up, you agree to Star-Advertiser's and Google's Terms of Service and Privacy Policy. This form is protected by reCAPTCHA.
Boeing 737 skids off runway in Senegal, injuring at least 10
Night-time videos shared on social media showed passengers running away from a plane whose left wing appeared to be on fire. Read more
Plans to redo Paradise Cove at Ko Olina revived
New development partners are advancing a previously delayed plan to revitalize one of Hawaii’s oldest and most popular tourist attractions, Paradise Cove Luau. Read more
On the Move: Vance Tsuda and Matthew Kaulikepono Derouin
The Honolulu Authority for Rapid Transportation has promoted Vance Tsuda to project director. Read more
With production of Chevy Malibu ending, era ends for Detroit sedans
In another case of Detroit automakers surrendering car sales to foreign competition, General Motors Co. this fall will retire its last mainstream gas-powered sedan when production of the Chevrolet Malibu ends after nine generations. Read more
Beyond Meat reports wider-than-expected loss as sales decline
Demand for Beyond Meat’s products - including burger patty, sausages and ground beef - weakened as their customers such as McDonald’s and Yum Brands saw sluggish consumer demand owing to sticky inflation. Read more
Dollar gains on rate outlook, yen weakens for third day
The yen remained front of mind for currency traders as Japanese officials issued a stronger warning over the impact of the weak currency on the economy. Read more
FTX customers poised to recover all funds lost in collapse
The announcement was a landmark in the attempt to track down the $8 billion in customer assets that disappeared when FTX imploded virtually overnight, setting off a crisis in the crypto industry. Read more
U.S. eyes curbs on China’s access to AI software behind apps
Any action would complement a series of measures put in place over the last two years to block the export of sophisticated AI chips to China Read more
Prosecutors focus on securities, wire fraud in Tesla probe
Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking and lane changes — but are not fully autonomous. Read more
Report: Warner Bros Discovery plans new cost cuts, hike in Max price
The cost-cutting plans could include possible layoffs at the media company which has already eliminated more than 2,000 positions over the past year, according to the report. Read more
Tech View: Local data centers essential to our future
As Hawaii builds its digital economy, the importance of local data centers has become increasingly important. Read more
On the Move: Maryann Sasaki
The Domestic Violence Action Center, a nonprofit organization, has appointed Maryann Sasaki as its staff attorney. Read more
Having trouble finding what you need? Try using our search feature.
Subscriber Favorites
Severe thunderstorms, flooding forecast across Hawaii
Personal income in Hawaii might contract this year
Hawaii bill exempts certain medical services from general excise tax
Motorcyclist, 19, in serious condition after H-1 crash
Legislature passes bill to combat invasive species
Most Recent Stories
Ex-Trump adviser Bannon faces jail time for probe defiance
Mass arrests at Penn and MIT amid Gaza protests
Fed debates rate adequacy amid inflation surge
Japan closely monitoring weak yen, prime minister warns
Judge urges prosecutors to restrain Michael Cohen in Trump trial
