HART eyes Iwilei, Kakaako properties to condemn for rail
Four downtown area properties are being eyed for condemnation by the Honolulu Authority for Rapid Transportation. Read more
Business
Hawaii, national and international business and economic news.
On the Move: Madhu Lundquist
ALTRES has promoted Madhu Lundquist to chief information officer, succeeding Jeff Oki, who will retire after serving 30 years at the company. Read more
Ex-Tesla DEI leaders urge federal workers to defy Musk
Kristen Kavanaugh and Mike Randolph, speaking in a Reuters interview, said their experiences at Tesla prompted them to write a new book, “Courage over Fear,” which they described as a guide for navigating the “fear-based leadership” that they say they encountered at Musk’s company and that increasingly characterizes other U.S. corporations and government. Read more
Dollar rally unravels as investors shrug off Trump U-turns
The dollar has been the biggest casualty of Trump’s on-off tariffs, dropping 4.8% so far in April, which would mark its largest monthly decline since November 2022. Read more
Wall Street ends higher on tech boost, easing tariff tensions
All three major U.S. stock indexes posted sharp gains, with the “magnificent seven” group of artificial intelligence-related megacaps, boosted by AI-powered software firm ServiceNow’s better-than-expected quarterly results, giving the Nasdaq the edge. Read more
Hawaii auto sales fall amid economic uncertainty
Hawaii auto sales continued to fall this year and badly trailed the rest of the country — with an uncertain future ahead because of President Donald Trump’s economic policies, the Hawaii Automobile Dealers Association reported Wednesday. Read more
Hawaiian Airlines helps buffer Alaska’s $166M loss
Alaska Air Group posted weaker-than-expected first-quarter earnings Wednesday due to negative impacts of macroeconomic factors on air travel demand. Read more
On the Move: Anthology FINN Partners
Anthology FINN Partners has announced the following promotion and new hires. Read more
CEO steps down at Discord, the social chat app
Discord is in talks to go public as early as this year, and was valued by private investors in 2021 at roughly $15 billion. Read more
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Wall Street ends higher on hopes of trade war de-escalation
All three major U.S. stock indexes pared gains by the closing bell. Read more
Kennedy calls sugar poison, pushes ban on food dyes by 2026
Kennedy’s comment came during a highly publicized news conference where he also asserted that he has “an understanding” with major food manufacturers to remove petroleum-based food colorings from their products by 2026. Read more
U.S. considers cutting China tariffs amid trade war concerns
U.S. stocks rallied on hopes that the two countries might lower the steep trade barriers they have erected over the past month, though there was no sign that negotiations might start anytime soon. Read more
EU fines Apple $570M, Meta $200M under new tech rules
The fines could stoke tensions with President Donald Trump, who has threatened to levy tariffs against countries that penalise U.S. companies. Read more
Tariffs ‘significantly’ hitting Hawaii businesses
The tourism industry already has seen a drop in visitor arrivals, notably Canadians angry at Trump’s initial Canadian tariffs and his threats to make their country America’s 51st state. Read more
On the Move: April 23, 2025
First Hawaiian Bank has announced the following promotions. Read more
Musk to cut back DOGE work after Tesla sales skid
Tesla shares, which had risen 4% in after-hours trading right before an earnings conference call began, spiked to trade up 5.5% on Musk’s comments. Read more
CBS News’ ‘60 Minutes’ producer Bill Owens to step down
Owens’ departure follows a months-long legal battle with President Donald Trump, who sued CBS in October over a “60 Minutes” interview with his Democratic rival for the White House, former Vice President Kamala Harris. Read more
Jury finds New York Times not liable in Sarah Palin defamation case
The verdict came in a retrial of Palin’s case, after a federal appeals court threw out a 2022 verdict in the Times’ favor. Read more
Dow jumps over 1,000 points as trade hopes, earnings lift stocks
A broad rally boosted all three major U.S. indices by more than 2.5%, as investors looked past Trump’s ramped-up rhetoric against Federal Reserve Chair Jerome Powell, who is widely considered a stabilizing force for the markets. Read more
FDA suspends milk quality tests amid workforce cuts
The suspension is another disruption to the nation’s food safety programs after the termination and departure of 20,000 employees of the Department of Health and Human Services, which includes the FDA, as part of President Donald Trump’s effort to shrink the federal workforce. Read more
Kennedy plans to phase out 8 commonly used food dyes
The plan, expected to be described in detail at an event in Washington on Tuesday, targets dyes used in cereals, sports drinks and a host of other foods. Read more
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