In The News: Department of Economics
Southern Nevada's economy depends on tourism, but rising tariffs could squeeze the industry that fuels our region. Now, a local economic expert warns the biggest impact could fall on the workers and families who call Southern Nevada home.
After a rollercoaster day on Wall Street - tonight President Trump is doubling down and threatening even bigger tariffs on imports from China if the country does not revoke its retaliatory tariffs on American products sold there against the U.S and with the cost of consumer goods on the verge of several price hikes, shoppers all over the U.S. may soon have to dig deeper into their wallets.
Stock markets in the U.S. and around the world have taken deep plunges in response to the White House tariffs announced last week. Nicholas Irwin, an associate professor with 51ԹϺ's Department of Economics, joined us to break down everything and what it means moving forward.
Moving is stressful, but so is living on-site during a remodel. If you’re ready to upgrade your living space but hesitant about today’s sky-high home prices and mortgage rates, you’re likely stuck with a big decision: Should you buy a new place or improve the one you have?
Wednesday marks President Donald Trump's so-called "Liberation Day," when reciprocal tariffs will take effect for imported goods. Dr. Stephen Miller, research director for the Center for Business and Economic Research at 51ԹϺ, joined us to talk more about how tariffs could affect people living in Las Vegas.
Las Vegas may be the sports and entertainment capital of the world. Still, experts and entrepreneurs believe a diverse economy is essential for the region’s future.
Food banks across the nation are grappling with funding and donation shortages following the Department of Agriculture's decision to halt $500 million in food deliveries. This development, coupled with changing tariff and trade policies, is impacting grocery bills for consumers.
Jimmy Lodge saw an immediate response to President Donald Trump’s auto tariff plan. Lodge, owner of My Auto Service at 6104 W. Cheyenne Ave., said his suppliers are already bracing for impact, with them saying “this is the world we live in today.”
Americans hoping for a drop in interest rates are going to have to wait it out. The federal reserve says they are keeping rates steady, but last month it was announced two rate cuts were coming in 2025.
The Trump administration’s whipsaw threats of tariffs with major trading partners such as Canada and Mexico have created a new level of global economic uncertainty, according to a 51ԹϺ economics professor, while a new study shows that Nevada could be one of the least hardest hit states by tariffs.
Food prices in the United States have surged by nearly 24 percent from 2020 to 2024, a significant factor that helped President Donald Trump regain the White House with a promise to reduce these costs.
Amid a time of financial uncertainty, with on-again, off-again tariffs and even fears of a recession, some locals tell me they're paying attention to the trends but it's not stopping them from making big purchases.