Subscribe to Economy RSS feed


Wynn share loss wipes out $2.2 billion in stock market value

Wynn Resorts Ltd. ended Wednesday worth billions less than its value at breakfast. Shares in the gaming giant fell by $21.71, or 16.6 percent, on volume of about 15.7 million shares — nearly eight times average volume. Based on the 101.52 million outstanding shares reported by Google Finance, the loss wiped out about $2.2 billion in market capitalization.

Taxable sales rise 9.1 percent across Nevada

Consumers continued to boost their spending across Nevada in February. Taxable sales jumped statewide to $3.83 billion in the month, up 9.1 percent compared with $3.51 billion in February 2014, the state Department of Taxation said Tuesday.