The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
In another case of Detroit automakers surrendering car sales to foreign competition, General Motors Co. this fall will retire its last mainstream gas-powered sedan when production of the Chevrolet Malibu ends after nine generations. Read more
Demand for Beyond Meat’s products - including burger patty, sausages and ground beef - weakened as their customers such as McDonald’s and Yum Brands saw sluggish consumer demand owing to sticky inflation. Read more
The yen remained front of mind for currency traders as Japanese officials issued a stronger warning over the impact of the weak currency on the economy. Read more
The announcement was a landmark in the attempt to track down the $8 billion in customer assets that disappeared when FTX imploded virtually overnight, setting off a crisis in the crypto industry. Read more
Any action would complement a series of measures put in place over the last two years to block the export of sophisticated AI chips to China Read more
Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking and lane changes — but are not fully autonomous. Read more
The cost-cutting plans could include possible layoffs at the media company which has already eliminated more than 2,000 positions over the past year, according to the report. Read more
As Hawaii builds its digital economy, the importance of local data centers has become increasingly important. Read more
The Domestic Violence Action Center, a nonprofit organization, has appointed Maryann Sasaki as its staff attorney. Read more
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The NHTSA recall investigation covers models Y, X, S, 3 and Cybertruck vehicles in the U.S. equipped with Autopilot produced between the 2012 and 2024 model years. Read more
The division has been losing money since Disney+ debuted in 2019 in a major push by the company to compete with Netflix. Read more
The companies filed their lawsuit in the U.S. Court of Appeals for the District of Columbia Circuit. Read more
Debuting its latest chip in a tablet rather than its Mac laptops is unusual for Apple. Read more
Oahu’s housing market rebounded in April with year-over-year gains after mostly slumps in March. Read more
Mid-Pacific Institute has hired Class of 1992 alum Lisa Tulchin as database manager. Read more
The commission accused the airline of advertising and selling tickets for more than 8,000 canceled flights from May 2021 through July 2022. Read more
The exact purpose of the model has not been determined yet and will depend on how well it performs. Read more
The FAA said it is investigating whether Boeing completed the inspections to confirm adequate bonding and grounding where the wings join the fuselage on certain 787 Dreamliner airplanes. Read more
The dollar index, which measures the greenback against a basket of major currencies, was on track for its longest streak of declines since early March. Read more
Employees at the automaker received emails over the weekend as part of broader layoffs, according to the Electrek report. Read more
Vivia, a service line under Ho‘okele Home Care, recently began offering kupuna clients transportation to appointments along with the personal assistance they need once they get there. Read more
