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

THE LATEST Business NEWS
Fed attempts to tame inflation with most aggressive rate hike in 22 years

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.

Ex-Strip casino executive appeals conviction in college bribery case

Gamal Abdelaziz, a former Strip casino executive, and John Wilson argued in appeals filed Monday that they believed they were making legitimate donations, not bribes, to get their children into elite universities.

Elon Musk has agreement to acquire Twitter for $44B

The outspoken Tesla CEO, the world’s wealthiest person, has said he wants to buy Twitter because he thinks it’s not living up to its potential as a platform for “free speech.”

Elon Musk offers to buy Twitter for $43B

Twitter Inc. said in a regulatory filing on Thursday that Musk, currently the company’s biggest shareholder, has proposed buying the remaining shares of Twitter that he doesn’t already own.

US inflation rose 8.5% in past year, highest since 1981

Even excluding volatile food and energy prices, which have driven overall inflation, so-called core inflation jumped 6.5 percent over the past 12 months, the biggest such increase since 1982.

White House to extend student loan pause again

The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic, according to an administration official familiar with the White House’s decision-making.

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