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.


45° 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!

 

Thursday Morning Business Brief

January 3, 2013, 5:35 AM

Thursday Morning Business Brief

The Dow is coming off its big gains after Congress passed a budget deal that avoided the tax hikes and government spending cuts associated with the fiscal cliff. The Dow jumped 308 points to close at 13,413, its biggest advance in more than a year. It's now just 5 percent below its record high close reached in October 2007. The S&P 500 rose 2.5 percent, while the Nasdaq added more than 3 percent.

  • Asian stocks rose today, a day after the U.S. reached a deal to stave off the so-called fiscal cliff, but enthusiasm waned by the time European markets opened. Benchmark crude oil fell below $93 per barrel. The dollar gained against the euro but slipped against the yen.
  • Moody's Investors Service says Congress must come up with a plan to shrink the budget deficit if it wants to keep the U.S. government from losing its "Aaa" credit rating. The credit rating agency says it expects lawmakers will take the additional steps needed to lower the deficit, which has topped $1 trillion annually in each of the past four years.
  • Automakers release their December sales figures today. A number of retailers are also reporting their December numbers. Early numbers were disappointing, suggesting that U.S. shoppers spent cautiously during the holiday season.
  • Google's executive chairman is preparing to travel to one of the last frontiers of cyberspace: North Korea. Sources say Eric Schmidt will be traveling to North Korea on a private, humanitarian mission led by former New Mexico Gov. Bill Richardson that could take place as early as this month. The trip would is a first for a top Google executive. North Korea is considered to have the most restrictive Internet policies on the planet.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

South SF Walmart Faces Another Lawsuit

4/28/2015 11:44 AM

The south side Walmart faces another legal challenge.

Full Story
Valentino's Restaurant To Close In May

4/29/2015 11:05 AM

Valentino's Restaurant is getting ready to dish out its final pizza. The owners of the Italian buffet are ready to retire. 

Full Story
Sioux Falls Southside Walmart Sets Target Opening Date

4/28/2015 11:39 AM

Walmart says it is finalizing details on its planned store for 85th Street and Minnesota Avenue in southern Sioux Falls and plans to break ground in t...

Full Story
Tight Job Market Has Bank Offering Hiring Bonuses

4/29/2015 3:15 PM

A tight job market has one KELOLAND employer offering cold, hard cash to new hires and to the current employees who refer them. 

Full Story
Sioux Falls Woman Victim Of Loan Scam

4/30/2015 10:10 PM

But as one Sioux Falls woman found out, trying to get a loan online can only add to your financial troubles.

Full Story | Watch


Events