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.


68° 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

June 23, 2014, 5:37 AM

Monday Morning Business Brief

Two of the three major stock indexes are in record territory as a new trading week begins. Both the S&P 500 index and the Dow Jones industrial average hit record highs on Friday. The S&P rose three points to close at 1,962. The Dow added 26 points to 16,947, as it inches toward the 17,000 mark. The Nasdaq composite gained nine points to 4,368. Futures suggest a flat opening.

  • Australian shares rose today but other international stock markets were mixed amid concerns about widening turmoil in Iraq. HSBC's preliminary purchasing managers' index showed activity in China's huge manufacturing sector expanded for the first time this year, an encouraging sign for Australia. Benchmark crude oil rose above $107 per barrel. The dollar slipped against the yen and strengthened against the euro.
     
  • There's a great deal of housing data for investors to digest this week. Today, the National Association of Realtors will report May's existing home sales. Tomorrow, the Commerce Department will report new home sales for May and Standard & Poor's will release the S&P/Case-Shiller index of home prices for April.
     
  • A contract expiration date looms for nearly 20,000 workers at West Coast ports and it's making business owners anxious. Contentious issues include benefits and job security. Cargo for the back-to-school and holiday seasons begins to arrive soon. Negotiators on both sides say talks will likely continue beyond the June 30 deadline and West Coast ports are no stranger to labor unrest.
     
  • Wilcox County, Alabama has the state's highest unemployment rate, but it's getting help from a company in China. The Golden Dragon Precise Copper Tube Group in Henan Province has opened up a plant in Pine Hill, Alabama, and the company will employ more than 300 people. What's happening in Pine Hill is starting to happen across America. The research firm the Rhodium Group says more than 70,000 Americans work for Chinese companies who've invested in the U.S.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Kraft Recalls American Cheese Singles

9/1/2014 3:59 PM

Before you pack those Kraft American Singles in your child's lunch, you'll want to check the date on the package.

Full Story


Events