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.
Nation and World
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.
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.”
Las Vegas-headquartered MP Materials announced Thursday that it broke ground on a 200,000-square-foot rare earth magnetics manufacturing facility in Fort Worth, Texas.
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.
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.
Am American Gaming Association report indicates other states around the country are experiencing the same lift Nevada has received for January and February.
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.
Chicago has advanced in its process to pick a bid for a nearly $2 billion resort in the city. The city hopes to move quickly in choosing between its three finalists.
The trend of no more daily housekeeping — while largely initiated by COVID-19 — has become the norm at many hotels.
The Fed’s quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation.
Las Vegan Mark Davis’ nonprofit, Abundance International, has helped orphanages in two Ukrainian cities for years. The Russian invasion has made its work more important than ever, he said.
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year.
The burger giant said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.”
U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades.
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