A University of Hawaii report published Monday found regulatory costs account for more than half of the price of a new condominium in Hawaii, a place where high housing costs are fueling an exodus of local-born residents searching for cheaper places to live. Some are worried the migration of Native… Read More

On Monday, JetBlue Airways and Spirit Airlines announced they are abandoning their planned $3.8 billion merger. The decision comes after a federal judge blocked the deal last month, agreeing with the Justice Department that it would reduce competition and raise airfares. In a memo, JetBlue CEO Joanna Geraghty called the… Read More

The long-awaited “Dune: Part Two” enthralled global audiences this weekend, earning a massive $178.5 million globally. Mere days after opening Denis Villeneuve’s sci-fi spectacle has already become the highest-grossing movie of this year so far, signaling a turning point for struggling cinemas. In North America, the film topped the box… Read More

Babies born this coming Saturday could get a birthday present featuring a guy who knows how to have fun — The Cat in the Hat. Dr. Seuss Enterprises is celebrating the iconic children’s author’s 120th birthday with a free giveaway of “The Cat in the Hat” to U.S. residents who… Read More

Sam Bankman-Fried’s lawyer said Tuesday that a suggested 100-year prison sentence for the FTX founder by an arm of the court is “grotesque” and “barbaric” and at most a term of a few years behind bars is appropriate for cryptocurrency crimes that the California man still disputes. In presentence arguments… Read More

Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs. Sony cited changes in the industry as a reason for the restructuring. “The industry has changed immensely, and we need… Read More

Wendy’s is looking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers. During a conference call earlier this month, Wendy’s CEO Kirk Tanner said that the Dublin, Ohio-based burger… Read More

The Federal Trade Commission said Monday that it’s suing to block a proposed $24.6 billion merger between supermarket titans Kroger and Albertsons. The agency argued that the deal would hike prices for consumers and reduce competition from other businesses. Kroger and Albertsons are the chains behind brands like Safeway, Ralphs… Read More