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Business

For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to Las Vegas Review-Journal.

THE LATEST Business NEWS
End of an era as shoeshine stands shut down across US

The shoeshining business has been hurt not only by the pandemic, but also by the growing popularity of more casual footwear.

Amazon cuts 9K jobs; now at least 27K layoffs in 2023

The job cuts will hit profitable areas for the company including its cloud computing unit AWS and its burgeoning advertising business.

Bank stocks tumble; others rise on hopes for easier rates

Bank stocks are continuing to drop Monday as Wall Street worries about what may be next to topple following the second- and third-largest bank failures in U.S. history.

Feds racing to sell assets as nation’s 16th largest bank fails

Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the bank’s health. It was the second biggest bank failure in U.S. history after the collapse of Washington Mutual in 2008.

Surprising US bank failure rattles markets again

Some of the market’s sharpest drops again came from the financial industry, where stocks tanked for a second day.

Stocks stumble as deepening worries about high rates continue

Stocks stumbled on Wall Street Thursday and added to the week’s losses as markets remain anxious about the prospect of more aggressive action by the Federal Reserve.

Fears about faster rate hikes send markets tumbling

Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.

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