Musk: Congress should not vote to extend funding
Musk said Congress should pass no laws until Trump returns to the White House next month, but some House of Representatives immediately said they would vote for the stopgap bill. Read more
Business
The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Fed lowers key rate quarter-point; sees slower pace of cuts
U.S. central bankers now project they will make just two quarter-percentage-point rate reductions by the end of 2025. Read more
Supreme Court to hear TikTok’s attempt to stop U.S. ban
The move came only two days after TikTok and its Chinese parent company filed an emergency application. Read more
Japan breaks annual visitor record in 11 months
November saw 3.19 million foreign visitors for business and leisure, data from the Japan National Tourism Organization (JNTO) showed, bringing the total for 2024 so far to 33.4 million. Read more
Starbucks workers’ union authorizes potential U.S. strike
Workers United, which has a bargaining delegation that represents workers at 525 Starbucks stores in the United States, said the coffee giant has yet to bring a comprehensive economic package to the table, while hundreds of legal disputes over unfair labor practices remain unsettled. Read more
Japan’s Honda and Nissan to begin merger talks, Nikkei reports
Honda and Nissan on Tuesday issued identical statements saying no merger had been announced by either company. Reuters has not independently verified the report. Read more
Gov. Josh Green’s state budget accounts for tax cuts, fire settlement
A major unknown is if the Hawaii Supreme Court rules in favor of lawyers representing insurance companies opposed to terms of the Maui settlement. Read more
On the Move: Dec. 17
Anthology Finn Partners has announced the following promotions and new hire. Read more
Pohoiki Bay dredging projected to begin in February
The boat ramp — the ocean access for boaters in Puna — was rendered unusable in 2018 when lava from Kilauea’s Lower East Rift Zone eruption raised a sandbar in front of the ramp. Read more
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TikTok turns to Supreme Court in last-ditch bid to avert ban
TikTok and ByteDance filed an emergency request to the justices for an injunction to halt the looming ban on the social media app used by about 170 million Americans while they appeal a lower court’s ruling that upheld the law. Read more
Bitcoin rallies past $107,000, hopes grow for strategic reserve
Investor sentiment also got a lift from the inclusion of MicroStrategy into the tech-heavy Nasdaq 100 index, which will likely lead to more inflows for the software firm turned bitcoin buyer. Read more
Trump, SoftBank CEO announce $100 billion U.S. investment
Trump said in his joint appearance with Son that the investment would create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure, with the money to be deployed before the end of Trump’s term. Read more
Trump team eyes reversal of Biden EV, emissions policies
The recommendations, which have not been previously reported, come as the U.S. electric-vehicle transition stalls and China’s heavily subsidized EV industry continues to surge, in part because of its superior battery supply chain. Read more
Lamborghini delays first EV launch to 2029 as market not ready
Italian rival Ferrari will launch its first EV model in the first quarter of next year. Read more
UH partnership will target disparities in cancer outcomes
Ka ‘Umeke Lama, which translates into Bowl of Enlightenment, was created to address the challenges that Hawaii and the U.S. Affiliated Pacific Islands face in providing comprehensive care. Read more
On the Move: Kainoa Casco
Maui Land & Pineapple Co. has named Kainoa Casco vice president of land productivity and asset management. Read more
Queen’s plans new hospital in Kailua-Kona with helipad, housing
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
On the Move: Michelle Bartell and Anahita Mostafavi
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
Hale Moiliili high-rise to offer Hawaiian Home Lands’ housing
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
Canada says it will respond robustly if U.S. imposes tariffs
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 announces $14B share buyback program
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
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More Business
Musk: Congress should not vote to extend funding
Fed lowers key rate quarter-point; sees slower pace of cuts
Supreme Court to hear TikTok’s attempt to stop U.S. ban
Japan breaks annual visitor record in 11 months
Starbucks workers’ union authorizes potential U.S. strike
