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.

43° 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 Morning Business Brief

June 13, 2014, 5:44 AM

Friday Morning Business Brief

The S&P 500 is heading for its first weekly loss in four weeks. The index dropped yesterday for the third down day in a row. The S&P closed down nearly 14 points. The Dow fell 109 points and the Nasdaq shed 34. A combination of so-so economic news and violence in Iraq helped push the stock market sharply lower on Thursday. Futures point to a slightly higher opening today.

  • Most international stock markets fell today after poor U.S. retail sales data but benchmarks in China gained after an economic report bolstered optimism about the world's No. 2 economy. Benchmark U.S. crude oil rose above $107 a barrel. The dollar gained against the yen and fell against the euro.
  • Investors are hoping for some good economic news that will reverse the stock market's slide But there's only one government report due out today. The Labor Department will issue the Producer Price Index for May this morning. In April, the prices that companies receive for their goods and services rose by the most in 19 months, a sign that inflation is picking up.
  • Electric car maker Tesla Motors is handing over the keys to its technology in an unusual effort to encourage other automakers to expand beyond gasoline-burning vehicles. Tesla CEO Elon Musk is promising to give away the company's entire patent portfolio to all comers, as long as they promise not to engage courtroom battles over intellectual property. The decision opens the door to more collaboration with Tesla, which is already making electric systems for Daimler and Toyota.
  • New tablet computers from Samsung will feature screens that are richer in color than standard LCDs. These screens, known as AMOLED for active-matrix organic light-emitting diodes, are already found in smartphones made by Samsung and a few other manufacturers. But until now, tablets haven't used them because larger AMOLED screens are more difficult to produce. Samsung Electronics Co. is trying to change that with its upcoming line of Android tablets, called the Galaxy Tab S.

Previous Story

Next Story



View business

You may also like

Missing Documents On Secretary Of State Website

10/6/2015 6:05 PM

Half a million documents that are supposed to be on the South Dakota's Secretary of State website are not online.  The current Secretary Shan...

Full Story | Watch
State Waiting On Word From Feds About GEAR UP Program Future

10/6/2015 3:15 PM

Education Secretary Melody Schopp says the state is waiting for word from the U.S. Department of Education about the future of a Native American colle...

Full Story
Mid Central Takes Action On Finances, Dodges Questions About GEAR UP

10/8/2015 6:05 PM

While Dan Guericke is avoiding all questions about Westerhuis and GEAR UP, he couldn't avoid leading a public meeting of Mid Central Co-op's b...

Full Story | Watch
Halloween Spending Prediction; Top Costumes

10/6/2015 3:09 PM

$6.9 billion; that's how much we will spend on costumes, candy and Halloween decorations.

Full Story
Watertown Passengers Wait For Air Service To Return

10/6/2015 5:15 PM

Watertown participates in a federal program that subsidizes airlines for serving rural airports. Passenger numbers had dropped so low in Watertown, th...

Full Story | Watch