LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an era for a property credited with helping transform Sin City into an ultra-luxury resort destination. The July 17 closure will clear the way for major renovations and construction on the 80-acre (32-hectare) property, which is to reopen in ...
What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers to buy couches and beds online, Wayfair is leaning into the most basic building blocks ...
Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from the move. What really matters is what underpins the market, namely, whether companies are seeing sustainable profits, where monetary and fiscal policy is positioned and what the future landscape is ...
Workers at two Mercedes-Benz factories in Alabama have voted against joining the United Auto Workers, the largest autoworkers union in the U.S., a blow to an effort to strengthen the presence of organized labor in the South. The Friday vote was seen as a bellwether for the ability of newly resurgent labor groups to successfully organize in a part of ...
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo Alto. The latest round of layoffs eliminated roles across the board — from entry-level positions to directors — and hit an array of departments, impacting factory workers, ...
The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. A trader at the New York Stock Exchange on Thursday, May 16, 2024, as the DOW reached 40,000.Courtney Crow / NYSE The 30-stock benchmark broke above 40,000 for the first time. The move comes as investors cheer the prospects of artificial intelligence boosting corporate profits and the ...
Senate Judiciary Committee Chairman Dick Durbin, D-Ill., called on Supreme Court Justice Samuel Alito to recuse himself from any cases related to the 2020 election on Friday following a revelation that an upside-down flag was flown at his home a week after the Capitol riot on Jan. 6, 2021. ‘Flying an upside-down American flag — a symbol of the so-called ...
Long-simmering tensions within the House GOP are poised to inflame as members of Congress find themselves in the throes of the election season. Ideological, political and even personal differences that have seen Republicans’ razor-thin House majority wracked with chaos in the 118th Congress are now manifesting in lawmakers endorsing primary challengers against their incumbent colleagues. ‘I think every member should ...
As they prepare for their face-off on the debate stage next month, warning signals are flashing for President Biden and former President Donald Trump in their 2024 election rematch – as they both appear to struggle to lock up their base voters. More than two months after she dropped out of the Republican presidential nomination race, zombie candidate Nikki Haley ...
Speaker Mike Johnson (R-La.) condemned the fiery House hearing after Reps. Alexandria Ocasio-Cortez and Marjorie Taylor Greene traded barbs, saying that members needed to show decorum. ‘It’s not a good look for Congress,’ Johnson told reporters on Friday. The Republican speaker chided both parties, saying that while ‘vigorous debate’ was welcomed, ‘we have to treat one another with dignity and ...