Business Summary: Bank of Hawai‘i recognized, new shops opening at Kings’ Shops, construction industry awards
Here’s some business news from Hawaii Island and the state: Bank of Hawaii Recognized Among America’s Top Regional Banks and Credit Unions Bank of Hawaii has received a prestigious five-star rating from Newsweek magazine in its 2026 round-up of America’s Best Regional Banks and Credit Unions. This recognition highlights institutions that are truly making a […]
CEO of Fibrebond provides $240M in bonuses to full-time staff after selling family business
Heartwarming CEO Bonus Story In a touching story that captured attention this Christmas, outgoing Fiberbond CEO Graham Walker surprised his 540 full-time employees with a $240 million bonus, set to be distributed over five years. This generous gesture came after he sold the family-founded manufacturing firm to Eaton for $1.7 billion earlier this year. On […]
Distinctive rewards categories for business credit cards
Choosing the Right Business Credit Card for Rewards If you’re using a rewards credit card for everyday purchases, you’re likely familiar with earning bonus miles on dining or travel expenses. However, when it comes to business credit cards, the landscape changes quite a bit. Banks issuing these cards usually recognize that business spending habits differ […]
West Palm Beach shifts from a vacation destination to a thriving business hub
West Palm Beach Emerges as a Thriving Business Hub West Palm Beach is transforming. Once just a retreat for retirees and seasonal tourists, it’s now becoming a top choice for businesses across the nation. Executives highlight the unique lifestyle, favorable tax conditions, and a talented workforce as game-changers for Florida’s economic landscape. With many companies—spanning […]
Small business confidence increases in November even with worries about labor quality
Small Business Optimism Improves Amid Challenges Sharon Miller, who serves as President and Co-Head of Business Banking at Bank of America, recently discussed small businesses’ outlook for 2026 on “Claman Countdown.” Despite the economic uncertainties, a new report from the National Federation of Independent Business (NFIB) reveals that sales saw an uptick in November, aided […]
Small Business Administration Reveals $1 Million Fraud in Minnesota’s Somali Community
The Small Business Administration has discovered increasing fraud within the Somali community in Minnesota, revealing $1 million in fraudulent PPP loans. Kelly Loeffler, nominated by President Trump for the Small Business Secretary role, shared on her social media that she found significant fraud in the Paycheck Protection Program (PPP), which was designed to support businesses […]
Stephen A. Smith parts ways with contentious Solitaire business
Stephen A. Smith Ends Partnership with Papaya Gaming Stephen A. Smith has parted ways with Papaya Gaming, the creator of the solitaire game he promoted while serving as an ambassador for the upcoming World Solitaire Championship (WSC). Smith stated, “Papaya and I have mutually agreed to end our partnership,” highlighting the decision made together. This […]
Hochul considers increasing business taxes after pressure from the left, but attributes the issue to Trump.
Hochul Blames Trump for Tax Hikes, Faces Pressure from Progressives Governor Kathy Hochul is gearing up to potentially raise corporate taxes in response to ongoing demands from the left, particularly from Zoran Mamdani, New York’s democratic socialist mayoral candidate. She has pointed a finger at former President Trump for creating the circumstances that necessitate these […]
Residents puzzled by letters from the City of Los Angeles stating they owe business taxes
Confusion Over Business Tax Notices in Los Angeles When Chelsea Rivera got a letter from the city of Los Angeles in September, she initially thought it must be a mistake. “It was very confusing,” Rivera shared. “I didn’t really know what it was about.” According to her, the letter indicated that she might need to […]
Instacart files lawsuit against NYC over employee compensation and tipping regulations that could harm the business.
On Tuesday, Instacart filed a lawsuit against New York City, aiming to prevent the implementation of five laws that would impact grocery delivery services. This includes regulations on minimum pay for app-based workers and requirements for transparency regarding tips. Instacart’s complaint, lodged in a federal court in Manhattan, points out that, while federal law restricts […]