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.


70° 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 Morning Business Brief

November 26, 2012, 5:34 AM

Monday Morning Business Brief

Black Friday enthusiasm produced a 173-point rally to end a short holiday trading week. The bluechip index starts this week above 13,000 for the first time since Election Day. The S&P starts at 1,409, while the Nasdaq finished last week at 2,967. Futures trading suggests a lower opening today.

  • Asian stock markets rose modestly today after the unofficial start of the holiday shopping season in the U.S. topped expectations. But trading in Europe was subdued hours before finance ministers gathered yet again to discuss what to do about Greece. Benchmark crude oil fell but remained above $88 per barrel. The dollar rose against the euro but fell against the yen.
  • There's plenty of fresh economic data on the schedule this week, including a new estimate of U.S. economic growth in the third quarter. That comes Thursday. Numbers on the manufacturing sector, a trio of reports on housing and a measure of consumer confidence are also expected.
  • Shoppers are expected to pound the keyboards and not the pavement looking for big bargains today -- Cyber Monday. Research firm comScore suggests it will be a big online success, with Americans expected to spend $1.5 billion, up 20 percent from last year. Retailers have ramped up their deals to get shoppers to click on their websites.
  • Swiss bank UBS is facing a big fine by Britain's financial regulator for failings which allowed a rogue trader to lose $2.3 billion. The Financial Services Authority levied a fine of $47.6 million. The trader was sentenced to seven years in prison last week. The regulator says the case revealed serious weaknesses in UBS procedures, management systems and internal controls.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Sioux Falls Businesses Flooded

8/28/2015 6:00 PM

Homeowners aren't the only ones cleaning up flood water.  Many businesses were also flooded out in Thursday night's storm.  In fact,...

Full Story | Watch
Former School For The Deaf Campus Has New Buyer

8/27/2015 4:50 PM

A historic piece of property on East 10th Street in Sioux Falls has a new owner.

Full Story
McDonald's Will Launch All Day Breakfast On Oct. 6

9/1/2015 5:08 PM

If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its bre...

Full Story
Casino Going In To 85th And Louise Strip Mall

8/27/2015 11:41 AM

A casino is the first signed tenant for Raintree On Louise at 85th Street and Louise Avenue.

Full Story
New Buyer For Historic Sioux Falls Campus

8/28/2015 10:10 PM

They are stately buildings in the heart of Sioux Falls that have sat empty for two years - but now, the former School for the Deaf property on East 10...

Full Story | Watch


Events