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.


69° 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

August 4, 2014, 5:46 AM

Monday Morning Business Brief
NEW YORK -

There's a big question waiting to be answered today on Wall Street: Will investors step in to buy stocks after a major fall in the market last week, its worst week in two years? The S&P 500 fell 2.7 percent. The broad index lost 5 ½ points to close at 1,925 on Friday. The Dow Jones industrial average fell 70 points to 16,493 and the Nasdaq was down 17 points to 4,352.

  • The U.S. government has no major economic reports on today's schedule, but Friday's healthy jobs report has been helping boost world stock markets. However, the gains are tempered by jitters over Argentina's debt default and a Portuguese bank bailout. Benchmark indexes in France, Germany and Britain are all showing modest gains. In Asia, China's Shanghai Composite registered the biggest gain, jumping 1.7 percent. Most of other Asian indexes were higher, but Tokyo's Nikkei and Sydney's S&P/ASX 200 edged lower.
     
  • The dollar is down slightly against the yen and the euro. Benchmark U.S. crude for September delivery was trading above $98 a barrel at last check, up more than 20 cents.
     
  • Portuguese authorities are providing $6.6 billion in an emergency rescue to prevent the collapse of Banco Espirito Santo. The ailing bank is one of Portugal's oldest and biggest financial institutions. A Bank of Portugal governor says the Banco Espirito Santo's healthy businesses will be spun off and its toxic assets will be placed in a so-called "bad bank." The bank's share price lost around 75 percent of its value last week after it reported record losses.
     
  • Walmart is following Amazon's lead and trying to personalize the online shopping experience of its customer. A new feature will show shoppers more products that they may like, based on their previous purchases. It also will customize Walmart's home page based on where each shopper lives, showing local weather and events.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Woman Stands Up to Cyber Bullies After Man Calls Her 'Too Muscular'

8/26/2015 5:05 PM

A woman who builds up her body has a message for cyber bullies who tear others down.

Full Story | Watch
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
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