User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


27° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Afternoon Business Brief

June 6, 2014, 2:00 PM

Friday Afternoon Business Brief
  • News that U.S. employers added workers at a good clip for the fourth month in a row is helping push the stock market higher. The S&P 500 has been as much as eight points higher in afternoon trading. The benchmark for most investment funds is on track to set record highs in eight of the last 10 days and to gain more than 1 percent for the third week running. The Dow is also in record territory, while the Nasdaq composite is solidly higher too.
  • The job market has finally regained all the jobs lost in the Great Recession. The Labor Department says U.S. employers added 217,000 jobs in May, while the unemployment rate remains at 6.4 percent. Monthly job growth has now averaged 234,000 for the past three months. While the jobs lost in the downturn have been replaced, more growth is needed because the U.S. population has grown nearly seven percent since the recession began in December 2007.
  • There's a fresh sign of economic recovery in Europe today. Spain says it will start paying back its bailout package early. The European Union provided a $55 billion aid package two years ago to prop up Spain's ailing banks and prevent the nation from descending into financial chaos. Spain wasn't due to make a payment until 2022, but the government says it will be ready to make a $1.8 billion payment soon.
  • Colorado's governor has signed legislation aimed at establishing a financial system for the largely cash-only marijuana industry. The law would allow pot businesses to form a network of uninsured cooperatives designed to give them a way to access basic banking services. Banks have not provided marijuana businesses with services out of concern they would be violating federal law. That has led to fears that marijuana businesses could be a target for robberies.
  • Gatorade is apologizing for tweets it posted last night after LeBron James was forced to leave Game 1 of the NBA Finals. The Miami Heat star left the game for good with about four minutes to go because of leg cramps, a sign of dehydration. Temperatures inside the arena in San Antonio were close to 90 degrees after the air conditioning failed. Gatorade tweeted: "The person cramping wasn't our client. Our athletes can take the heat." James is a paid endorser of Powerade.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Auto Dealer Chain To Pay Fine For Deceptive Ads

12/12/2014 11:41 AM

A family-owned chain of automobile dealerships located in Iowa, Montana and South Dakota will pay a $360,000 civil penalty for running deceptive ads.

Full Story
National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story


Events