Gov. Josh Green signs vacation rental bill into law
Of the 89,000 short-term rentals across the state, Green estimates about 75,000 of them are illegal. Read more
Hawaii, national and international business and economic news.
Of the 89,000 short-term rentals across the state, Green estimates about 75,000 of them are illegal. Read more
The Dallas-based airline, which operates an all-Boeing fleet, has been reeling from the U.S. planemaker’s ongoing safety crisis. Read more
Today’s stock gain added nearly $200 billion to Apple’s market capitalization. Read more
All three major U.S. stocks posted robust gains. Read more
The Labor Department’s closely watched employment report today also showed the unemployment rate rising to 3.9% from 3.8% in March amid rising labor supply. Read more
The IRS said it hired 13,661 people in fiscal 2023 using the Inflation Reduction Act funds. Read more
Applications are open until May 31, with the next weekly session beginning in August. Read more
Bissen announced his proposal a day after the full state House of Representatives voted to send Senate Bill 2919 to Gov. Josh Green, who’s expected to sign it into law today. Read more
The Hawaii Employers Council has announced the appointment of Amy Hudson as its senior HR consultant. Read more
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The connected-fitness company announced disappointing quarterly earnings Thursday, with revenue down 4% from last year. The company, which has not turned a profit since December 2020, is also looking to refinance more than $1 billion in debt. Read more
U.S. District Judge Amit Mehta peppered the Justice Department and Alphabet’s Google with questions during the first day of closing arguments in the government’s antitrust lawsuit against the online search leader. Read more
The new, joint expression of interest would make Sony a significant majority and controlling shareholder and Apollo a minority shareholder. Read more
The buyback is the largest in the company’s history, according to Investing.com analyst Thomas Monteiro. Read more
TikTok began removing Universal’s content from its app after their licensing deal expired in January and the two sides failed to reach agreement on royalties, AI and online safety for TikTok’s users. Read more
Data released today included muted jobless claims, a drop in planned layoffs, a surge in quarterly labor costs and a sharp deceleration in productivity. Read more
A jump last year in how much workers produce helped the economy grow fast and hiring remain strong while inflation fell nonetheless. Read more
Japan’s vice finance minister for international affairs, Masato Kanda, who oversees currency policy at the Ministry of Finance, told Reuters he had no comment on whether Japan had intervened in the market. Read more
Jason Maxwell, a Unite Here Local 5 union member, stood in front of the Royal Hawaiian Center with a megaphone Wednesday, yelling labor solidarity chants. Read more
Sunspear Energy, a solar power system company, has hired CJ Manansala as commercial project manager. Read more
The dollar fell sharply to 153 yen from about 157.55 yen for reasons that were not immediately clear, after the U.S. stock market closed and the Federal Reserve’s monetary policy meeting ended hours earlier. Read more
Available positions decreased to 8.49 million from an upwardly revised 8.81 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Wednesday. Read more