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.


73° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

 Severe Weather in KELOLAND

Weather Outlook

Severe Weather

State Radar

ON-GOING STORM COVERAGE

View Storm Photo Galleries

Report conditions in your area, send photos to ushare@keloland.com

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

March 13, 2014, 5:34 AM

Thursday Morning Business Brief

Investors are still worried about a sharp drop in China's exports, which raises concerns that the world's second-largest economy is slowing. The three major U.S. stock indexes remain down for the week. Yesterday, the S&P 500 index added half a point to close at 1,868. The Nasdaq gained 16 points to 4,323. Only the Dow ended lower. It fell 11 points to 16,340. Futures point to modest opening gains this morning.

  • International stock markets are mixed today with resurfaced concerns about China's economy after lackluster factory production and other data. Benchmark U.S. crude oil fell below $98 a barrel. The dollar fell against the euro and the yen.
  • The government will release the weekly jobless claims number today. Also scheduled for release today are retail sales data for February and January's business inventories. And Freddie Mac will report the weekly mortgage rates. Later today, the Treasury Department will release the federal budget for February.
  • China's premier says the country will keep this year's economic expansion strong enough to create new jobs but will emphasize market-opening reform and cleaning up smog-choked cities over hitting its official growth target. Li Keqiang's comments today reinforced the ruling Communist Party's pledge to shift to cleaner, more sustainable growth based on domestic consumption and service industries instead of trade and investment.
  • Air pollution in China is going to mean a financial benefit to some Panasonic employees living there. The Japanese electronics maker is making the payment part of a package negotiated annually for employees in China who belong to the Panasonic union. Panasonic says the compensation is not offered to locally hired staff.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch


Events