Thrilling Rise of Automation in Vegas By Lila Anderson Last updated: September 6, 2023 4:26 PM Workers in Las Vegas are witnessing firsthand the effects of automation and technology in their workplace, as the city makes adjustments to its service-oriented tourism economy. As artificial intelligence (AI) gains prominence, Las Vegas is both welcoming robots that pour drinks and expressing concerns about the future job market. In this rapidly changing landscape, employees are finding themselves in a delicate balance between embracing the efficiency and convenience offered by automation and fearing the potential loss of jobs in the long run. The city is grappling with the challenge of integrating this technological advancement while ensuring job security and stability for its workforce, a task that will require innovative solutions and adaptability from all stakeholders involved. Las Vegas’ Transition to Automated Services Inside Planet Hollywood on the Las Vegas strip, a bar has two robots serving drinks to patrons. The Tipsy Robot, which opened a second venue this year, showcases the city’s transition towards automated services. Hotel check-in booths, text-bot concierges, and food-serving robots are progressively becoming commonplace. As technology continues to develop [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: CPI (MoM) decreasing from 0.2% to 0.1% Core PPI (YoY) increasing from 2.4% to 2.7% Trade Balance increasing from -$78.8B to -70.8B READ THE ORIGINAL ARTICLE

For the first time since March 2020, the Federal Reserve is cutting interest rates. For the first time since March 2020, the Federal Reserve is cutting interest rates. It’s welcome news for people who have put off big purchases and businesses wanting to make improvements. We wanted to see when and how we could see an impact here in Nevada. To answer that, we welcomed RCG Economics Principal John Restrepo to Nevada Week. One of the big questions about the interest rates cut: how might Nevada’s housing market be impacted? Restrepo says these cuts could potentially create more demand for homes. Nevada, like many places in the country, faces a housing shortage. “The increase in interest rates could create mortgage demand and increase demand for housing, as opposed to reducing housing prices,” Restrepo explained. And for people who are considering purchasing or refinancing a home? “Wait. Wait for further cuts,” Restrepo recommends. “Wait to see what happens, April, May of next year. We have time, let’s not rush into anything. You know big purchases like that, including cars… things are going to change over time, let’s see how it all [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Retail Sales (MoM) decreasing from 1.0% to -0.1% Industrial Production (MoM) increasing from -0.6% to 0.1% Housing Starts increasing by 6.7% from 1238K to 1322K READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Factory Orders (MoM) increasing from -3.3% to 4.1% Nonfarm Payrolls increasing by 27% from by 114K to 145K Trade Balance decreasing from -$73.1B to -$79.1B READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Durable Goods Orders (MoM) increasing from -6.7% to 3.0% Durables Ex Transportation (MoM) decreasing from 0.4% to 0.0% Personal COnsumption (QoQ) increasing slightly from 2.3% to 2.5% READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Retail Sales (MoM) increasing from 0.0% to 0.3% Industrial Production (MoM) decreasing from 0.6% to -0.2% Core CPI (YoY) decreasing slightly from 3.3% to 3.2% READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Nonfarm Productivity (QoQ) increasing from 0.2% to 2.8% Unit Labor Costs (QoQ) decreasing from 4.0% to 1.8% Nonfarm Payrolls decreasing by 12% from 206K to 180K READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Existing Home Sales (SAAR) decreasing by 4% from 4.11M to 3.94M New Home Sales (SAAR) increasing by 4% from 619K to 646K Personal Spending (MoM) decreasing slightly from 0.5% to 0.4% READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Retail Sales (MoM) turning negative from 0.1% to -0.5% Industrial Production (MoM) decreasing from 0.9% to 0.3% Housing Starts (SAAR) increasing 2.9% from 1277K to 1315K READ THE ORIGINAL ARTICLE