Hawaii, national and international business and economic news.
The Queen’s Health Systems plans to build an 80-bed hospital next to the Kailua-Kona Costco on Hawaii island that would include a helipad to cut travel time to its trauma center on Oahu and, critically, construct adjacent, below-market-rate housing to recruit and retain some of the estimated 300 hospital staff, nurses and doctors. Read more
Aloha United Way has named Michelle Bartell its new chief executive officer effective Jan. 1. Bartell currently serves as senior vice president and director of community advancement, and will succeed CEO John Fink, who will retire. Read more
The project on the site of the former Stadium Bowl-o-Drome, was celebrated Friday at a groundbreaking ceremony attended by DHHL officials, Gov. Josh Green, Mayor Rick Blangiardi, and U.S. Reps. Jill Tokuda and Ed Case. Read more
Trump has said he will keep the tariffs in place until Canada clamps down on drugs and migrants crossing the border. Read more
T-Mobile’s latest shareholder return program is in addition to the $19 billion announced in September 2023, running through Dec. 31 this year. Read more
Only 29% of respondents in the six-day poll, which closed on Tuesday, agreed with a statement that “it’s a good idea for the U.S. to charge higher tariffs on imported goods even if prices increase,” while 42% disagreed. Read more
Removing the crash-disclosure provision would particularly benefit Tesla, which has reported most of the crashes – more than 1,500 – to federal safety regulators under the program. Read more
The company’s shares, which are up 51% so far this year, rose nearly 1% in extended trading. Read more
Resolution 176 would have the city seize the theater, shuttered since 1985, along with the rest of the 10,396-square-foot commercial parcel.The property is valued at $3.173 million. Read more
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The Ohana Navigation Center will serve hundreds of children, parents and family members annually, helping prevent and end homelessness. Read more
Musk is Tesla’s largest shareholder with about a 13% stake in the company. The EV maker’s shares rose to a record high of $424.9 on Wednesday, extending a rally that kicked off following the Nov. 5 election. Read more
A Labor Department report today showed U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. Read more
It has now declined for three straight weeks. The rate averaged 6.95% during the same period a year ago. Read more
First Hawaiian Bank has named George C.K. Leong senior vice president and division manager for the bank’s commercial real estate division. Read more
Kroger called the claims baseless and said it will defend against them in court. Read more
Progress in lowering inflation toward the U.S. central bank’s 2% target has virtually stalled, with the report from the Labor Department today also showing no improvement in the measure of underlying price pressures over the past four months. Read more
The murder ignited an outpouring of anger from Americans struggling to receive and pay for medical care. Read more
Shares of Tesla previously hit a record on Nov. 3, 2021, but a rally of about 65% since the Nov. 5 election has lifted the stock to new heights as investors expect the company to benefit from CEO Elon Musk’s relationship with President-elect Donald Trump. Read more
