JUNE 2 Issue - Vegas Business Digest Recap
This Week's Top Stories
World Series of Poker Returns to The Las Vegas Strip
The 54th annual World Series of Poker (WSOP) is officially underway on the Las Vegas Strip inside Horseshoe and Paris Las Vegas from Tuesday, May 30 through Tuesday, July 18.
PNC Chief Economist Gus Faucher: Job Growth Surges in May, Making Further Fed Funds Rate Increases Likely
This commentary is written by PNC Chief Economist Gus Faucher.
- Job growth was much higher than expected in May at 339,000, with big upward revisions to job growth in March and April.
- The household survey was weaker, with the unemployment rate up to 3.7% and employment down in a survey of households.
- Wage growth softened a bit in May, but is too hot for Fed.
- The strong May jobs report makes near-term fed funds rate hikes more likely.
Olympia Companies Charitable Foundation Presents More Than $1.6 Million in Donations to Eight Local Charities
Olympia Companies Charitable Foundation (OCCF) hosted a special Olympia Day of Giving event and presented checks ranging from $110,000 to $310,000 to eight local charities: Assistance League of Las Vegas, Boys and Girls Club of Southern Nevada, Candlelighters, Children’s Heart Foundation, Discovery Children’s Museum, Nevada Childhood Cancer Foundation, Andson, and Opportunity Village.
Local Fifth Graders Competed in “Shark Tank” Style Business Competition for UNLV Scholarships
Junior Achievement of Southern Nevada hosted its annual Shark Tank-style competition and luncheon at Allegiant Stadium. Fifth grade students from Fay Herron Elementary School competed for scholarships. Michael Crome, Las Vegas Raiders chief financial officer and a former Junior Achievement alum, is receiving Junior Achievement USA’s prestigious Gold Leadership Award.
Make-A-Wish Southern Nevada Raises $515,000 at Annual Walk
Make-A-Wish Southern Nevada hosted its 21st annual Walk for Wishes at Town Square Las Vegas last month. Over 1,5000 individuals came out to support the event and the nonprofit raised over $515,000 to help grant life-changing wishes for more than 250 children in Southern Nevada who are waiting for their wishes to come true.
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