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.


55° 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 Morning Business Brief

June 26, 2014, 5:45 AM

Thursday Morning Business Brief
NEW YORK -

The earnings season cranks up next month and investors are focusing on that rather than dwelling on the fact that the economy shrank at annual rate of 2.9 percent in the first three months of the year. That news yesterday didn't even faze them. The S&P 500 gained nine points to 1,959. The Nasdaq rose 29 points to 4,379 and the Dow climbed 49 points to 16,867. Futures point to a flat opening.

  • International stock markets rose today though European gains were more restrained than Asia as investors largely brushed off a poor quarterly U.S. economic report as a blip and instead factored in rebounding growth as policymakers maintain ultralow interest rates. Benchmark crude oil inched up to just above $106.50 per barrel. The dollar slipped against the yen and gained against the euro.
     
  • There are two government reports due out today. The Labor Department will release weekly jobless claims and the Commerce Department will report on personal income and spending for May. Also today, Freddie Mac will release the average weekly mortgage rates. After the market closes, Nike will report its quarterly financial results.
     
  • Experts and government officials are concerned that Britain may be trapped inside a housing bubble. The concern from the International Monetary Fund and European Union officials is that the country's housing market is overinflated, with London house prices rising almost 19 percent in the year to April, posing a threat to the British economy.
     
  • Hundreds of people are expected to turn out in Edmond, Oklahoma, tonight for a town hall meeting on a surge of earthquakes in an area where they've been almost unheard of in the past. Oklahoma recorded nearly 150 between January and the start of May and it's raised suspicions that the shaking might be connected to the oil and gas drilling method known as hydraulic fracturing, or fracking.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Bear Shatters Glass Wall At Minnesota Zoo

7/6/2015 2:50 PM

A grizzly bear at the Minnesota Zoo repeatedly slammed a 50-pound rock into the glass wall of its enclosure, cracking the thick pane separating the be...

Full Story
New Laws Bring Changes To Commercial Driver's Licenses

7/1/2015 6:52 AM

The new regulations raise the minimum age to apply for a commercial driver's license from 16 to 18.

Full Story
Don't Twist That Oreo: Cookie Gets Skinny, 'Sophisticated'

7/6/2015 10:06 AM

Oreos are getting a skinny new look, and its maker says the new cookie is a "sophisticated" snack for grown-ups that isn't meant to be t...

Full Story
Starbucks: Prices For Some Drinks To Go Up By 5 To 20 Cents

7/6/2015 2:06 PM

Starbucks says it's hiking prices again starting Tuesday, with the increases ranging from 5 to 20 cents for most affected drinks.

Full Story
Microbrewery Joins Downtown Retail Incubator Program

6/30/2015 4:46 PM

The Downtown Sioux Falls Retail Incubator Program is expanding.

Full Story


Events