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.

56° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



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

#3 Brookings @ #2 Mitchell at 7 p.m.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Monday Morning Business Brief

November 12, 2012, 5:50 AM

Monday Morning Business Brief

Wall street is hoping for better days this week. The Dow eaked out a four point gain Friday, while the S&P 500 rose two points and the Nasdaq nine. That wasn't enough to offset the previous days' post-election losses. The Dow and the S&P both lost more than 2 percent for the week. Investors have been worried Washington may not be able to avoid the fiscal cliff of tax increases and government spending cuts set to take effect Jan. 1.

  • Uncertainty over whether Washington will work out a spending and taxation deal that is crucial to keeping the U.S. economic recovery on track caused international stock markets to stall today. Japan says its economy contracted an annualized 3.5 percent rate for the quarter ending in September. Benchmark crude oil fell below $86 per barrel. The dollar fell against the euro but gained against the yen.
  • A fresh batch of economic data is expected this week, though there's nothing out today. The most closely watched report comes tomorrow, when the Commerce Department releases October retail sales figures. Inflation numbers at the wholesale and consumer level are due Wednesday and Thursday, and the week finishes with a look at industrial production in October.
  • Finance ministers from the 17 euro countries are expected to debate Greece's economic reforms today at a meeting in Brussels. Greece is hoping for a new $40 billion bailout loan as it faces a bond repayment on Friday it cannot afford. Greek lawmakers approved the country's 2013 austerity budget early Monday, essential to unblocking the new payment.
  • A new study shows China is leading a charge of international students at U.S. colleges and universities. The Institute of International Education finds that international enrollment grew nearly 6 percent last year, driven by a 23-percent increase from China. International students typically pay full out-of-state tuition, without financial aid.

Find the latest local business news on the Back to Business page of

Previous Story

Next Story



View business

You may also like

Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch
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
Pepsi Perfect To Be Released October 21

10/5/2015 3:08 PM

On October 21, the same day Marty McFly traveled through time, the soda company is releasing Pepsi Perfect.

Full Story
Cupcake Baker Whips Up A Book

10/5/2015 3:35 PM

The woman who opened South Dakota's first gourmet cupcake shop has published a book.  Melissa Johnson has written, "Fingers in the Frost...

Full Story
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