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.


77° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Monday Evening Business Brief

March 3, 2014, 6:40 PM

Monday Evening Business Brief
  • Russia's military advance into Ukraine is rattling markets around the world. The Dow lost 153 points, or nearly 1 percent today, to 16,168. The S&P 500 dropped nearly 14 points, finishing at 1,845.73. The Nasdaq lost nearly 31 points to 4,277. Treasurys and gold prices rose as investors bought safer assets. The price of crude oil rose over concerns that Russian oil exports could be disrupted.
  • Today's economic reports had some positive numbers, though a couple came with downsides. The Institute for Supply Management says its manufacturing index rose to 53.2 in February as companies received more orders and boosted stockpiles. Construction spending increased 0.1 percent in January. And Americans' spending rose 0.4 in January, though the increase came from a surge in spending on winter heating bills.
  • GM, Ford and Toyota are reporting U.S. sales declines last month, as much of the nation was hit with snowstorms and frigid temperatures. The country's three top automakers say the month began slowly, but that sales began to recover in the second half. It's a sign that there may not be a broader auto sales slowdown, as had been feared.
  • The harsh winter has been rough on many businesses, but it's a boon to some. Ace Hardware is having its best winter in more than a decade for snow blower and shovel sales. Waterproof boots are on a long backorder at L.L. Bean. And with many Americans staying indoors, customers are ordering up more meals and arranging to have their laundry picked up through the website and smartphone app of Delivery.com. Its sales rose 30 percent in January and February compared with last year.
  • Microsoft co-founder Bill Gates has reclaimed his spot on top of Forbes magazine's list of the world's richest people. Gates won the spot back from Mexican telecom mogul Carlos Slim Helu, who had topped the list for the past four years. Gates' net worth is estimated at $76 billion; Slim Helu follows at $72 billion. Forbes says a record 1,645 billionaires made the list this year, with an average net worth of $4.7 billion.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
First Frozen Yogurt Truck For Franchise In SD

7/17/2014 3:32 PM

People who attend JazzFest can cool down with frozen yogurt from the first Orange Leaf food truck in the nation

Full Story
Millennials Prefer Cash

7/21/2014 11:40 AM

Americans would rather put their money in the bank than make long-term investments in stocks

Full Story


Events