User uShare 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.

69° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


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



View business

You may also like

Stacy Phelps Resigns From Board of Education

10/2/2015 3:14 PM

Phelps administered the GEAR UP program which prepared and encouraged Native American students to enroll into higher educaton.

Full Story
Sioux Falls Floral Shop Fills Special Order For Elton John

10/1/2015 4:48 PM

Sir Elton John will be surrounded by beautiful flowers during his stop in Sioux Falls.

Full Story
Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch
Following The GEAR UP Grant Money

9/29/2015 6:10 PM

Mid Central Educational Cooperative dispersed the grant money since 2005 to two organizations to run the GEAR UP program, under business manager Scott...

Full Story | Watch
Coffee Shop, Pizza Chain Both Opening In East Sioux Falls

10/2/2015 2:03 PM

Marco's Pizza filed a building permit to set up shop in a new stripmall on South Sycamore Avenue.

Full Story