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.


31° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Accumulating snow possible Monday night - Tuesday. Storm Center Update.

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Morning Business Brief

June 6, 2014, 5:33 AM

Friday Morning Business Brief
NEW YORK -

Traders are hoping the stock market continues to climb today. New steps from the European Central Bank to revive the eurozone's economy gave markets a lift yesterday. The S&P 500 rose 12 1/2 points to close at 1,940. The Dow Jones industrials were up 98 1/2 points to 16,836. Both the S&P and Dow are at record-high levels. The Nasdaq gained 44 ½ points to 4,296. Futures point to a higher opening today.

  • European stocks edged higher a day after the European Central Bank unveiled new measures to boost economic growth but other benchmarks struggled Friday as investors awaited the U.S. jobs report for May. Most Asian benchmarks ended lower. The dollar strengthened against the euro and slipped against the yen Benchmark crude oil slipped but remained above $102 a barrel.
     
  • Wall Street has been waiting for the monthly jobs report and today is the day. The Labor Department will report May's employment data this morning. This afternoon, the Federal Reserve will release consumer credit data for April.
     
  • The government reports May employment figures today and they could bolster optimism about an economic rebound. FactSet reports economists predict employers added 220,000 jobs in May, in line with this year's monthly average. They also predict the unemployment rate rose to 6.4 percent from 6.3 percent, mostly because more people are actively seeking work.
     
  • The World Bank and the International Monetary Fund are urging China to focus on controlling risks from rapidly rising debt due to its reliance on credit-fueled growth. The comments today add to warnings by private sector analysts that China's run-up in debt, especially since the 2008 global crisis, could lead to financial problems and disrupt economic growth that already is slowing. The World Bank says Beijing should pay close attention to rising credit and reduce debts owed by local governments.

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
Sioux Falls Approaching 'Magic Number'

2/23/2015 10:10 PM

It's a number that can support bigger businesses, more retail and restaurants.

Full Story | Watch
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
Catholic School Tuition Hike Largest In Years

2/25/2015 3:10 PM

Sioux Falls Catholic Schools are facing a $5 million gap between tuition and what it cost to run the schools.  

Full Story | Watch


Events