Tech View: Local data centers essential to our future
As Hawaii builds its digital economy, the importance of local data centers has become increasingly important. Read more
Business
Hawaii, national and international business and economic news.
On the Move: Maryann Sasaki
The Domestic Violence Action Center, a nonprofit organization, has appointed Maryann Sasaki as its staff attorney. Read more
U.S. seeks answers from Tesla in Autopilot recall probe
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
Disney reports shrinking TV business, shares tumble
The division has been losing money since Disney+ debuted in 2019 in a major push by the company to compete with Netflix. Read more
TikTok, ByteDance sue to block U.S. law seeking sale or ban of app
The companies filed their lawsuit in the U.S. Court of Appeals for the District of Columbia Circuit. Read more
Apple unveils new AI-focused chip in upgraded iPad Pro
Debuting its latest chip in a tablet rather than its Mac laptops is unusual for Apple. Read more
Oahu housing market improves with year-over-year gains
Oahu’s housing market rebounded in April with year-over-year gains after mostly slumps in March. Read more
On the Move: Mid-Pacific Institute
Mid-Pacific Institute has hired Class of 1992 alum Lisa Tulchin as database manager. Read more
Qantas agrees to pay $79M after selling tickets for canceled flights
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
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Wall Street closes higher for 3rd session on rate cut optimism
Data on Friday showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer. Read more
Report: Microsoft readies new AI model to compete with Google, OpenAI
The exact purpose of the model has not been determined yet and will depend on how well it performs. Read more
FAA opens new probe into Boeing 787 inspections
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
Dollar weaker on Fed rate cut hopes, yen retreats after strong week
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
Tesla lays off more staff in software, service teams
Employees at the automaker received emails over the weekend as part of broader layoffs, according to the Electrek report. Read more
Program has caregivers accompany kupuna on outings
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
On the Move: Rachel Fukumoto
Hawaii design firm G70 has hired Rachel Fukumoto as chief financial officer. Read more
Legislative session began amid uncertainty, ended with relief for Maui and taxpayers
Some bills that passed out of this year’s session had been years and even decades in the making. Read more
Hawaii tourism industry charity walk tops $2M in donations
Over the last 45 years, it has raised over $47 million with Saturday’s total, which topped $2 million. Read more
On the Move: Kristin Y. Fujiyama and Tytus Szymanski
Carlsmith Ball LLP has hired Kristin Y. Fujiyama as an associate at the firm’s Honolulu office, where she will be practicing in its tax and estate planning group. Read more
Warren Buffett says Berkshire is in good hands, lauds Apple
Buffett said he expected the conglomerate’s cash pile, which reached a record $189 billion last quarter, to continue growing. Read more
Gov. Josh Green signs vacation rental bill into law
Of the 89,000 short-term rentals across the state, Green estimates about 75,000 of them are illegal. Read more
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