Business news at a glance
Fed: Stress tests show big banks can withstand a severe recession
Companies weigh in on proposed SEC climate disclosure rule
WASHINGTON — The Securities and Exchange Commission moved closer Friday to a final rule that would dramatically alter what public companies tell shareholders about climate change — both the risks it poses to their operations and their own contributions to the problem.
Bitcoin drops below $20,000 as crypto selloff quickens
NEW YORK — Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening.
State makes searching for a job easier
The state Department of Labor and Industrial Relations (DLIR) has launched the Hawaii Career Acceleration Navigator (HI CAN), a digital hub connecting unemployment insurance (UI) claimants and jobseekers to high-impact career pathways.
Zonta Club offers small business microgrants for women entrepreneurs
The Zonta Club of Hilo is accepting microgrant applications to provide funding for women-owned small businesses on Hawaii Island. Women entrepreneurs who are seeking financial support are encouraged to apply.
Wall Street closes worst week since 2020 with slight gain
NEW YORK — Wall Street closed out its most punishing week since the 2020 coronavirus crash with a meandering day of trading Friday that left it a bit higher.
Business news at a glance
Markets recoil as inflation report raises stakes for Fed
More questions than answers
A request by the owners of the Grand Naniloa Hotel to take out a second mortgage to pay for their first one has been denied.
Small businesses are facing ‘summer of uncertainty’
NEW YORK — Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this summer.
Japan eases foreign tourism ban, allows guided package tours
TOKYO — Japan on Friday eased its borders for foreign tourists and began accepting visa applications, but only for those on guided package tours who are willing to follow mask-wearing and other antivirus measures as the country cautiously tries to balance business and infection worries.
Orchid Land Surfshop celebrates golden anniversary
Orchid Land Surfshop is celebrating 50 years in business this month.
California regulators approve state’s 1st robotic taxi fleet
California regulators on Thursday gave a robotic taxi service the green light to begin charging passengers for driverless rides in San Francisco, a first in a state where dozens of companies have been trying to train vehicles to steer themselves on increasingly congested roads.
How San Diego secured its water supply, at a cost
As a worsening drought forces millions of Californians to face mandatory water restrictions, one corner of Southern California has largely shielded itself from supply-related woes: San Diego County.
Business news at a glance
Average US vehicle is now a record 12.2 years old
High gas prices hurt. But here’s how diesel prices are slamming your wallet in hidden ways
LOS ANGELES — If you’re wondering what’s swelling the price of everything you buy, the cost of a gallon of diesel is a good place to start.
Business news at a glance
Americans eye housing market, and stay put
Energy secretary: US offshore wind jobs should be union jobs
NEW LONDON, Conn. — The growing offshore wind industry is often touted as a boon for job creation, but who will do the work?
Business news at a glance
Big tech is getting clobbered on Wall Street. It’s a good time for them.
Bill would OK extensions on ag land leases
Farmers whose land leases are set to expire within the next 15 years will be able to apply for extensions under a bill passed this session by the state Legislature.
Consumers defy inflation to support economy. For how long?
WASHINGTON — With prices across the economy — from food, gas and rent to cars, airfares and hotel rooms — soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending.