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.


59° 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!

 

Thursday Afternoon Business Brief

August 14, 2014, 1:19 PM

Thursday Afternoon Business Brief
  • Stocks are modestly higher on Wall Street. The Dow has been up 40 to 50 points this afternoon, while the S&P 500 and the Nasdaq are also in positive territory. Some analysts have been fretting that stocks look expensive with the S&P near its record high. But Lawrence Creatura at Federated Investors argues that another strong earnings season should put those worries to rest. He notes the S&P's nearly 6 percent gain so far this year is "the average earnings growth rate over the very long term."
  • The most expensive U.S. stock just got a little bit more pricey. Class A shares of Warren Buffett's Berkshire Hathaway company have topped $200,000 for the first time. Buffett has never split Berkshire's A shares, although he did create more affordable Class B shares which are now selling around $135. The Class A shares are up more than 1 percent in afternoon trading at more than $202,000.
  • Negotiations have apparently ended without success on a private-sector deal to end the legal battle that forced Argentina into default last month. The U.S. investment fund Aurelius Capital Management says it's been in talks with private parties to sell its Argentine bonds at the heart of the dispute. But the company says the offered payments are not "remotely acceptable" and there's "no realistic prospect" for a solution. Aurelius and other U.S. investors are seeking full payment on bonds Argentina defaulted on in 2001.
  • Mortgage rates are approaching their lows for the year. Freddie Mac says the nationwide average for a 30-year loan slipped to 4.12 percent last week, while the average for a 15-year mortgage fell to 3.24 percent. Mortgage rates are below the levels of a year ago.
  • The Federal Reserve Bank of New York says new U.S. auto loans jumped to the highest level in eight years this spring. The gain was fueled by a big increase in lending to risky borrowers. However, the New York Fed says loans to borrowers with shoddy credit, also known as subprime lending, still make up a smaller proportion of total auto loans than before the Great Recession.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

SF Judge Considering Another Walmart Lawsuit

9/19/2014 5:41 PM

Homeowners believe the City of Sioux Falls didn't live up to its promise of having a conditional use permitting process for the new store proposed...

Full Story | Watch
Cracked Windshield Forces Jet To Land In Wichita

9/22/2014 1:12 PM

A 50-seat jet flying to Dallas was forced to land in Wichita after its windshield cracked.

Full Story
Lake Lorraine Lapping Up Development

9/22/2014 10:10 PM

Work is well underway on a one-of-a-kind commercial site in Sioux Falls.  Lake Lorraine is nearly 100 acres at Marion Road and 32nd Street in wes...

Full Story | Watch
Great Outdoor Store Recognized By National Magazine

9/17/2014 3:33 PM

Outdoor USA Magazine is giving high marks to a Sioux Falls store.

Full Story
Digital Guitar Made In Sioux Falls

9/16/2014 10:10 PM

Sioux Falls native and South Dakota State graduate Ed Cannon is behind a new product for Apple's iPad, iPhone and MacBook. 

Full Story | Watch


Events