Tesla drops delivery goal of 20M vehicles a year
CEO Elon Musk had said in 2020 that Tesla aspired to sell 20 million vehicles by the end of the current decade — twice as many as those sold by Toyota, the world’s largest automaker. Read more
Hawaii, national and international business and economic news.
CEO Elon Musk had said in 2020 that Tesla aspired to sell 20 million vehicles by the end of the current decade — twice as many as those sold by Toyota, the world’s largest automaker. Read more
Burger King’s deal would include a choice of one of three sandwiches with nuggets, fries and a drink, according to the report. Read more
OpenAI stunned the world in February with feature film-like quality videos generated by its text-to-video tool, Sora. Read more
The Dow Jones Industrial Average fell 605.78 points, or 1.53%, to 39,065.26, the S&P 500 lost 39.17 points, or 0.74%, to 5,267.84 and the Nasdaq Composite lost 65.51 points, or 0.39%, to 16,736.03. Read more
The 30-year fixed-rate mortgage averaged 6.94% during the week ending May 23, the lowest level and first reading below 7% since the second week of April. Read more
The Justice Department and states asked the court to “order the divestiture of, at minimum, Ticketmaster, along with any additional relief as needed to cure any anticompetitive harm.” Read more
The Republican-sponsored Financial Innovation and Technology for the 21st Century Act passed in a bipartisan 279-136 vote. It is not clear if the Senate will take up the measure. Read more
The lawsuit alleges that COO Anand Selva wanted to hide information because it would make the bank “look bad.” Read more
The company will separate its electronics and water units through tax-free transactions, DuPont announced Wednesday in a statement. Read more
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Gov. Josh Green on Wednesday announced a new program, Maui Care Flights, to provide thousands of round-trip flights for Maui families affected by the Aug. 8 wildfires. Read more
Castle & Cooke Hawaii has announced two hires. Read more
The Justice Department has been investigating Ticketmaster’s domination of concert ticket sales, sources have previously told Reuters. Bloomberg said the lawsuit is expected to be filed in the Southern District of New York on Thursday. Read more
In January, the flight attendant, Estes Carter Thompson III, 36, of Charlotte, N.C., was arrested for allegedly filming and taking photos of underage children while working for the Fort Worth-based air carrier. Read more
All three major U.S. stock indexes turned decisively lower in afternoon trading, extending losses after the Fed released its minutes. Read more
The infection of a dairy worker in Michigan expands the outbreak of the H5N1 virus, though the CDC said the risk to the general public remains low. Read more
BNPL providers such as Affirm, Klarna and Afterpay partner with retailers to finance customer purchases, which shoppers repay in installments. Read more
The flight experienced “a rapid change in vertical rate, consistent with a sudden turbulence event” at 0749 GMT, flight data provider FlightRadar 24 said. Read more
Airlines and the administration have sparred over the last three years over a series of issues, including mergers, consumer rules and family seating. Read more
Data from the University of Hawaii Cancer Center tells us that breast cancer is not only the most common cancer among women (comprising 34% of cases), but has the second-highest mortality in Hawaii. (Only lung cancer deaths are higher.) Read more
G7 finance chiefs meeting in Italy this week will attempt to find common ground over how to use frozen Russian assets to help Ukraine’s war effort and how to address China’s growing export strength in key markets, officials said. Read more
Monday’s product launch marks the first commercialization of technology that last year won an Ig Nobel Prize, which honors unusual and whimsical research. Read more