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.


63° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Morning Business Brief

August 1, 2014, 5:37 AM

Friday Morning Business Brief
NEW YORK -

For investors, red flags were everywhere. There are weak corporate results, the looming end of the Federal Reserve stimulus and tensions between the West and Russia. There are also fears that stocks are too pricey after three years without a major downturn. As a result, the Dow plunged 1.9 percent yesterday. The S&P 500 dropped 2 percent and the Nasdaq fell 2.1 percent.

  • Most Asian stock markets dipped today following a big sell-off on Wall Street yesterday but losses were limited by optimistic reports on China's economy. Stocks lost ground in Tokyo, Hong Kong and Seoul. In mainland China, the Shanghai Composite Index edged up.
     
  • Chinese manufacturing has risen to the highest level in more than two years in July in the latest sign that the world's No. 2 economy is perking up after a series of mini-stimulus measures unleashed by authorities. The purchasing managers' index compiled by the China Federation of Logistics and Purchasing rose to 51.7 last month from June's 51.0 and is at the highest level since April 2012.
     
  • The government today will release employment data for July and personal income and spending figures for June. It will also report on June's construction spending. And the Institute for Supply Management will release its manufacturing index for July. Automakers will report July's vehicle sales numbers. Procter & Gamble and Berkshire Hathaway will report earnings.
     
  • The World Trade Organization is regrouping to see whether it is still possible to finalize a major deal to boost global trade after a deadline passed to formally adopt it. WTO members were due to adopt the deal before today. That leaves the Geneva-based organization's 159 member economies scrambling to figure out what to do next.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Good Samaritan Society Responds To Changes In Industry

9/11/2014 10:05 PM

The largest non-profit senior care and services organization in the U.S is located right here in Sioux Falls, and like all branches of health care is ...

Full Story | Watch
Sioux Falls Named 41st In Best Small To Midsize Cities List

9/15/2014 1:43 PM

Sioux Falls comes in at number 41 on Livability.com's list of the nation's best small to midsized cities.

Full Story
Average US 30-Year Mortgage Rate At 4.12 Percent

9/11/2014 10:27 AM

Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.

Full Story
Unbridled Business

9/15/2014 10:10 PM

Most of us think of successful online retailers as being located in big cities.  But the truth is when your customers are on the Internet, you ca...

Full Story | Watch


Events