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.


49° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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

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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Three Sushi Restaurants Close After Owners Dispute

10/22/2014 10:05 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story


Events