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.


25° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

 Winter Storm for March 2-3, 2015

Snow Outlook

Severe Weather

State Radar


Click here for local closings & delays

Send photos to ushare@keloland.com

Storm Center Update

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Evening Business Brief

August 24, 2012, 5:28 PM

Friday Evening Business Brief

Stocks opened lower today but reversed course after a letter surfaced from Federal Reserve Chairman Ben Bernanke suggesting there was room for the central bank to do more to help the economy. The Dow industrials gained 100 points, or 0.8 percent, to close at 13,158. The Nasdaq rose 16 points, or 0.5 percent, and the S-and-P 500 was up 9 points for a 0.7 percent gain. All three indexes posted small losses for the week.

  •  Federal Reserve Chairman Ben Bernanke has made clear in a letter to a House lawmaker that he thinks the Fed can do more to bolster the economic recovery and help reduce unemployment. Bernanke also defends steps the Fed has already taken.
  • Oil companies are evacuating some Gulf of Mexico oil rigs in advance of Tropical Storm Isaac. For now the storm is close to the Dominican Republic and Haiti. But oil installations would be at risk if it heads to the Gulf of Mexico and reaches hurricane strength.
  • The price of oil fell today after a trade journal reported that Western countries might release more oil reserves. Benchmark crude traded in New York fell 12 cents to finish at $96.15. Brent crude traded in London fell, too, down 28 cents to $113.31. Brent crude is used to price international varieties of oil.
  • Bond investors appeared unwilling to be thrown around by conflicting signals from the Federal Reserve over whether the central bank will act soon to help spur the U.S. economic recovery. Treasury prices barely budged today, with the yield on the benchmark 10-year Treasury virtually unchanged at 1.68 percent. Its price was down 3 cents for every $100 invested.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Other Place Bar And Grill Closed In Sioux Falls

2/24/2015 12:51 PM

According to its Facebook page, The Other Place Bar and Grill has closed. (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.g...

Full Story
Touch Of Europe Permanently Closed

2/25/2015 4:29 PM

The Touch of Europe restaurant will be closed for good.

Full Story
Pizza Restaurant Coming To Downtown Sioux Falls

2/25/2015 11:40 AM

Montana-based MacKenzie River Pizza is scheduled to open its first South Dakota location on September 1 at 11th Street and Main Avenue.

Full Story
The City's Largest Construction Project Will Impact Thousands

3/2/2015 5:04 PM

It's being billed as the city's largest construction project this year at a cost of just under $9 million and it's going to impact thousan...

Full Story | Watch
Eastside Restaurant Row

2/25/2015 10:10 PM

Dunkin' Donuts, Fazoli's, BurgerFi, Chipotle--all food chains that have indicated an interest in Sioux Falls.  Now the question is, what ...

Full Story | Watch


Events