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.


54° 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


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Lick The Spoon Expands Pot Pie Business

4/14/2015 3:00 PM

Lick The Spoon is expanding its pot pie business.  

Full Story
Dozens Of Park Positions To Fill Yet

4/15/2015 5:00 PM

Every summer, the city of Sioux Falls hires hundreds of people for seasonal jobs within the park system

Full Story | Watch
SD Driver License Stations Accept Plastic

4/16/2015 11:45 AM

You no longer need to stop by a cash machine before renewing your driver license.  All South Dakota exam stations now accept credit and debit car...

Full Story
First Dakota National Bank Buys Home Federal Branch in Pierre

4/15/2015 5:50 PM

First Dakota will assume deposits and loans associated with the branch and will acquire the branch facilities and equipment.

Full Story
Yankton-Based TruXedo Expanding, Adding Jobs

4/15/2015 1:14 PM

manufacturer of tonneau covers and other truck accessories is planning a 40,000-square-foot addition and adding 18 jobs, with the potential for more.

Full Story


Events