The Daily Editor

By AUDREY McAVOY

HONOLULU (AP) — An unprecedented proposal from Maui’s mayor to phase out vacation rentals would alleviate a severe housing shortage aggravated by the 2023 wildfires but would also shrink the economy, University of Hawaii economists said in a report published Monday.

Mayor Richard Bissen introduced the policy idea last year to boost Maui’s limited supply of long-term housing after the fires wiped out more than 3,000 housing units in Lahaina.

 » Read more about: Maui mayor’s plan to phase out vacation rentals would increase housing but shrink the economy  »

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 » Read more about: 'Roller coaster ride' on Wall Street ahead of Trump's 'Liberation Day' tariffs  »

Conservative cable news channel Newsmax is getting a Trump bump on Wall Street.

The Boca Raton, Fla., outlet‘s stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon, giving the company a market valuation of over $20 billion.

Newsmax itself tracked the stock’s movement onscreen throughout the day.

 » Read more about: Trump-loving network Newsmax is a hot stock on Wall Street  »

US venture capital giant Andreessen Horowitz is in talks to invest in social media platform TikTok, US President Donald Trump is expected to lay out his sweeping tariffs policy today, and European inflation is down for the second straight month. Plus, Syria’s White Helmets have returned to Damascus as the country tries to rebuild from its brutal civil war.

 » Read more about: What Wall Street expects from Trump’s ‘liberation day’  »

The escalation of President Donald Trump’s tariff war has driven shares of several companies across multiple sectors lower in 2025. After surging to all-time highs in 2024, Nvidia (NVDA) stock is down 30% below record levels, valuing the chip maker at a market cap of $2.64 trillion. 

Wall Street is holding its breath as April 2 approaches – dubbed “Liberation Day” by Trump – when his administration will announce new tariffs on imported goods.

 » Read more about: ‘Sell the Rumor, Buy the News’: Why Analysts Think You Should Buy the Dip in Nvidia Stock After Trump’s ‘Liberation Day’  »

The S&P 500 and the Nasdaq Composite both closed higher on Tuesday, after a topsy-turvy day on Wall Street dominated by investor angst ahead of the impending tariff announcements from the Trump administration.

Financial markets have been volatile in recent weeks as investors assessed the economic fallout of U.S. President Donald Trump’s extensive tariff plans,

 » Read more about: Wall Street rallies as tech stocks rebound, investors brace for tariff clarity  »

 » Read more about: BlackRock CEO Larry Fink Is Challenging a 73-Year-Old Investing Principle  »

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 » Read more about: NASDAQ Index, SP500, Dow Jones Forecasts – Dow Jones Pulls Back As Johnson & Johnson Dives 7%  »

The S&P 500 climbed on Tuesday in another volatile session as the market awaited clarity from President Donald Trump regarding his tariff policy rollout. Wall Street also faced pressure from weaker-than-expected economic data.

The broad market index added 0.38% to close at 5,633.07, while the Nasdaq Composite gained 0.87% and ended at 17,449.89.

 » Read more about: S&P 500 closes higher to start new quarter as traders await Trump's tariff rollout  »

You don’t just have to sit by and watch you savings dwindle during a stock market decline.

 » Read more about: Attention, Retirees: Here's a Way You Can Take Advantage of the Stock Market Sell-Off  »