Art Cashin, Wall Street veteran and CNBC regular, dies at age 83
Cashin chaired the NYSE Fallen Heroes Fund, which assists families of first responders killed in the line of duty. Read more
Business
Hawaii, national and international business and economic news.
Judge rejects request to restore Musk’s $56 billion Tesla pay
The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk’s future at the world’s most valuable carmaker. Read more
Cyber Monday deals heat up as U.S. retailers offer deep cuts
Retailers have been coaxing cautious U.S. shoppers on Cyber Monday — traditionally America’s biggest internet shopping day — with push notifications, emails and other ads touting heavily discounted cosmetics, electronics, toys, clothing and other products. Read more
Intel CEO Pat Gelsinger ousted amid turnaround plan concerns
The board told Gelsinger he could retire or be removed, and he chose to step down, according to the source. Read more
Stellantis considers Picat and Filosa for CEO, says source
Stellantis CEO Carlos Tavares resigned abruptly late on Sunday over growing disagreements with the automaker’s board and leading shareholders. Read more
Apple accused of silencing workers, spying on personal devices
The complaint claims the company requires employees to install software on personal devices that they use for work allowing Apple to access their email, photo libraries, health and “smart home” data and other personal information. Read more
Malaysia pushes back on U.S. tariff evasion by Chinese companies
Washington is expected to further curb exports to Chinese semiconductor toolmakers and sales of certain chipmaking equipment, including products manufactured in Malaysia, Singapore and Taiwan Read more
Expediting Japanese travel part of bigger push for visitors
Japanese travel to Hawaii will now be easier as Gov. Josh Green and the visitor industry continue to work to encourage more Japanese travel despite the weakness of the yen. Read more
Volkswagen workers to go on warning strikes across Germany
The start of the strikes represents a further escalation of a dispute between Europe’s top carmaker and its workers over mass layoffs, pay cuts and possible plant closures — drastic measures the company says it cannot rule out in the face of Chinese competition and cooling consumer demand. Read more
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Coffee prices at 47-year high on Brazil crop concerns
Prices for arabica coffee have now risen by about 71% this year, making it one of the strongest-performing commodities alongside cocoa, for which prices have more than doubled. Read more
Taylor Swift fans turn out on Black Friday for vinyl album
Hoping to buck a long stretch of slowing sales at Target stores — with penny-pinched shoppers making purchases at rival retailers — the big-box chain teamed up with Swift to build on the fan momentum she experienced following her Eras Tour concerts. Read more
S&P 500, Dow close at record highs on tech, retail in focus
Information technology stocks helped boost the benchmark S&P 500 and blue-chip Dow, which was also aided by industrial stocks. Read more
Yen hits six-week high, dollar dips for month-end
Trading volumes declined heading into the Thanksgiving holiday on Thursday, with many traders still out today. Read more
Inflation worries drive bargain hunt among Black Friday shoppers
As retailers reopened their U.S. stores after the American Thanksgiving holiday, some locations drew small clusters of early shoppers eager to inspect and compare the stores’ Black Friday discounts with prices for the same merchandise online. Read more
Hawaii County plans $20M affordable housing project in Waimea
The subdivision would be on a larger 237-acre agriculturally zoned parcel owned by the Hawaii Island Community Development Corp. Read more
On the Move: Marielle Florendo and Elizabeth Graves
The Hawaii Employers Council has hired Marielle Florendo as labor relations consultant and Elizabeth Graves as trainer in talent and organizational development. Read more
Data: Thanksgiving online sales up about 4% so far this year
U.S. retailers have been rolling out bolder discounts early and bulking up their holiday deals to capture the attention of more frugal shoppers this year. Read more
Hawaii tourism seen strengthening in first quarter 2025
The tourism market, which was slow in August and September, began picking up in October. Read more
Maui Council resolution supports health workers in labor fight
The resolution, introduced by West Maui Councilmember Tamara Paltin, passed unanimously, with one member excused. Read more
Hawaii Black Friday promotions lined up for eager shoppers
Hawaii’s largest mall, Ala Moana Center, is opening at 8 a.m. Friday, or two hours earlier than a typical weekday. Read more
Dollar falls amid economic data dump before long weekend
Few traders were interested in building or holding positions before a long Thanksgiving weekend for many of them that dovetails with month end. Read more
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Art Cashin, Wall Street veteran and CNBC regular, dies at age 83
Judge rejects request to restore Musk’s $56 billion Tesla pay
