Latest finance & investment news and updates
Federal authorities are pursuing the forfeiture of $848,000 in a Honolulu-based cryptocurrency scam that targeted at least four victims between September 2022 and February 2025. This case underscores the growing threat of digital asset fraud and its impact on Hawaii's financial landscape and investors.
Central Pacific Bank (CPB) is rolling out its debit card promotion again, offering cardholders a chance to win a 2025 Toyota 4Runner, valued at roughly $43,400. The promotion aims to encourage consumer spending and reward CPB customers with over $11,000 in additional prizes.
The weakening U.S. jobs report has triggered a dollar slide, prompting speculation about Federal Reserve interest rate cuts. This could have ripple effects across Hawaii's business landscape, particularly for investors and those in sectors sensitive to interest rates.
The U.S. labor market showed signs of cooling in August, with job growth slowing and unemployment reaching a four-year high of 4.3%. This shift could influence investment strategies and business planning for entrepreneurs, investors, and professionals in Hawaii's economy.
Hawaii's economy is projected to experience subdued growth through 2026 due to rising inflation and economic uncertainty. However, the Department of Business, Economic Development and Tourism (DBEDT) anticipates a gradual recovery, with stronger growth expected by 2027.
A boutique hotel in Waikiki has been acquired by a New York-based private equity firm for $23 million, signaling continued investor interest in Hawaii's hospitality sector. This acquisition highlights the ongoing appeal of Waikiki as a prime destination for tourism and investment.
Rising auto loan and credit card delinquencies are painting a concerning picture of financial health in Honolulu, potentially impacting both consumers and local businesses. National trends suggest a growing strain on borrowers, necessitating a closer look at the economic climate in the Hawaiian Islands.
Four individuals face federal prison time after being convicted of a tax fraud scheme that funneled over $1 million through Hawaii real estate holdings and trusts. This case highlights the risks involved in financial dealings within the state's booming property market and underscores the need for stringent due diligence.
Recent convictions highlight the ongoing threat of fraudulent schemes targeting Hawaii residents and businesses. These scams, including tax refund fraud, pose a significant risk to the local economy and underscore the need for increased vigilance and awareness.
Territorial Savings, a division of Bank of Hope, is providing scholarships to support Hawaii students furthering education and community involvement. This initiative arrives in a time of significant banking sector changes due to the recent merger of Bank of Hope and Territorial Bancorp.
The weakening U.S. dollar, driven by increasing expectations of Federal Reserve interest rate cuts, presents both opportunities and challenges for Hawaii's businesses, especially those in international trade and investment.
Federal Reserve Chair Jerome Powell signaled the possibility of interest rate cuts, which could have a significant impact on Hawaii’s economy. These potential adjustments could stimulate economic growth, particularly in tourism and real estate, while entrepreneurs and investors should monitor these developments.
A new report indicates that Hawaii residents must work the most to maintain an average living standard in the U.S. This situation is fueled by a high cost of living and rising debt, posing challenges for local businesses and investors but also creating openings for strategic financial planning and community support.
A recent Hawai’i Supreme Court ruling has extended the timeframe for lenders to pursue foreclosures, prompting concerns from community groups about the potential revival of old mortgage debts and its impact on vulnerable homeowners. This decision has significant implications for Hawaii's real estate market, demanding careful attention from entrepreneurs, investors, and homeowners.
Trinity Investments, a Honolulu-based firm, has sold a majority stake in the Hyatt Regency Greenwich. This strategic move reflects Trinity's successful strategy of renovating and repositioning hotel assets, which is creating value-add opportunities within the hospitality sector.