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.


75° 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 22, 2014, 6:01 AM

Friday Morning Business Brief
  • Most Asian stock markets pushed higher today while European shares were flat in early trading. Investors measured upbeat U.S. economic data against a waiting game ahead of a meeting of central bankers that might shed light on the timing of U.S. interest rate hikes. U.S. stocks have been steadily rising this month and futures point to opening gains today. The dollar slipped against the euro and the yen. Benchmark crude oil fell to just above $93 a barrel. There are no major economic or corporate reports due today.
  • Federal Reserve Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of when it will start raising interest rates. An extensive internal debate on the subject has developed at the fed. The main subject of Yellen's remarks today will be labor markets, which is the theme of this year's gathering of central bankers.
  • A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. The study divided the U.S. into five groups, from wealthiest to poorest. The median net worth of the richest households rose 11 percent between 2000 and 2011, to $630,754. The next-wealthiest group's net worth also rose. But because wealth dropped for the majority of Americans, the median household net worth for the country overall declined about 7 percent to $68,828.
  • Farming is becoming an "in" thing in New England. Across the region, young people are choosing crops over cubicles, new farms are popping up and the local food movement is spreading. Farmers and industry experts agree New England is bucking a trend toward larger, but fewer, farms because many of its residents want to buy their food locally and its entrepreneurs want to produce it.
  • Once upon a time, there was always room for Jello: Today -- not so much. Sales have tumbled 19 percent in the past four years, with alternatives such as Greek yogurt surging in popularity. The dessert was invented more than a century ago and helped popularize a delicacy once reserved for the rich. Kraft has vowed to boost Jell-O's jiggle.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Three Sushi Restaurants Close After Owners Dispute

10/22/2014 10:05 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story


Events